Document:

Exhibit 4.3

 

 

SECOND AMENDMENT TO RIGHTS AGREEMENT

 

This Second Amendment
to Rights Agreement (this “Amendment”) is made effective as of the 14th day of February, 2020. This Amendment
is an amendment to the Rights Agreement, dated as of February 15, 2018 (the “2018 Rights Agreement”),
between Luby’s, Inc., a Delaware corporation (the “Company”), and American Stock Transfer &
Trust Company, LLC (the “Rights Agent”), as amended by that certain First Amendment to Rights Agreement,
dated as of February 11, 2019 (the “First Amendment”, and together with the 2018 Rights Agreement, the
“Rights Agreement”). The Company and the Rights Agent are collectively referred to as the “Parties.”
Capitalized terms used and not otherwise defined herein have the meanings ascribed to them in the Rights Agreement.

 

RECITALS

 

WHEREAS, the Parties entered into
the 2018 Rights Agreement on February 15, 2018;

 

WHEREAS, on
February 15, 2018, the Board of Directors of the Company (the “Board”) declared a dividend distribution
of one purchase right (a “Right”) for each outstanding share of the Company’s common stock, par
value $0.32 per share (the “Common Stock”), outstanding as of the close of business on February 28, 2018
(the “Record Date”), and authorized the issuance of one Right for each share of Common Stock that becomes
outstanding between the Record Date and the earliest of the Distribution Date and the Expiration Date, and under certain other
circumstances;

 

WHEREAS, the Parties entered into the First
Amendment on February 11, 2019;

 

WHEREAS, the Rights are set to expire at the
close of business on February 15, 2020;

 

WHEREAS, the
Board has determined that it is in the best interests of the Company and its stockholders to amend the Rights Agreement to cause
the Rights to expire at the close of business on February 15, 2021;

 

WHEREAS, pursuant
to Section 27 of the Rights Agreement, prior to the Stock Acquisition Date, the Company and the Rights Agent may supplement or
amend any provision of the Rights Agreement, without the approval of any holders of Rights and the Rights Agent shall duly execute
and deliver any supplement or amendment requested by the Company in writing provided that the Company has delivered to the Rights
Agent a certificate from an appropriate officer of the Company that states that the proposed supplement or amendment complies with
the terms of the Rights Agreement;

 

WHEREAS, the Stock Acquisition Date has not
yet occurred;

 

WHEREAS, the
Company has delivered to the Rights Agent a certificate from an appropriate officer of the Company that states that this Amendment
complies with the terms of the Rights Agreement and has directed the Rights Agent to amend the Rights Agreement as set forth herein.

 

     

     

    

 

NOW THEREFORE, in consideration of
the foregoing and for other good and valuable consideration, the Parties hereby agree as follows.

 

Section 1. Amendment
to Rights Agreement. Paragraph (a) of Section 7 of the Rights Agreement is hereby deleted and replaced in its entirety with
the following: “(a) Subject to Section 7(e), the registered holder of any Rights Certificate may exercise the Rights
evidenced thereby (except as otherwise provided herein including the restrictions on exercisability set forth in Section 7(c),
Section 9(c), Section 11(a)(iii) and Section 23(a)) in whole or in part at any time after the Distribution
Time upon surrender of the Rights Certificate, with the form of election to purchase and the certificate on the reverse side thereof
properly completed and duly executed, to the Rights Agent at the principal office or offices of the Rights Agent designated for
such purpose, together with payment of the aggregate Purchase Price with respect to the total number of shares of Common Stock
(or other securities, cash or other assets, as the case may be) as to which such surrendered Rights are then exercisable, at or
prior to the earliest of (i) the Close of Business on February 15, 2021 (the “Final Expiration Time”), (ii)
the time at which the Rights are redeemed as provided in Section 23 or (iii) the time at which such Rights are exchanged
pursuant to Section 24 (the earliest of (i), (ii) and (iii) being herein referred to as the “Expiration Time”).”

 

Section 2. Amendments to Form of Rights Certificate.

 

a) The
first sentence of the first paragraph of the Form of Rights Certificate, which is attached as Exhibit A to the Rights Agreement,
is hereby deleted and replaced in its entirety with the following: “NOT EXERCISABLE AFTER FEBRUARY 15, 2021 OR EARLIER IF
REDEEMED OR EXCHANGED BY THE COMPANY.”

 

b) The first sentence
of the second paragraph of the Form of Rights Certificate, which is attached as Exhibit A to the Rights Agreement, is hereby deleted
and replaced in its entirety with the following: “This certifies that [                ],
or registered assigns, is the registered owner of the number of Rights set forth above, each of which entitles the owner thereof,
subject to the terms, provisions and conditions of the Rights Agreement, dated as of February 15, 2018 (the “Rights Agreement”),
between Luby’s, Inc., a Delaware corporation (the “Company”), and American Stock Transfer & Trust
Company, LLC (the “Rights Agent”), to purchase from the Company at any time prior to 5:00 P.M. (New York City
time) on February 15, 2021 at the office or offices of the Rights Agent designated for such purpose, or its successors as Rights
Agent, half of a fully paid, nonassessable share of common stock, par value $0.32 per share (the “Common Stock”),
of the Company, at a purchase price of $6.00 per one-half of a share of Common Stock (the “Purchase Price”),
upon presentation and surrender of this Rights Certificate with the Form of Election to Purchase and related Certificate properly
completed and duly executed.”

 

Section 3. Amendment
to Summary of Rights to Purchase Common Stock. The section entitled Expiration Time in the Summary of Rights to Purchase Common
Stock, which is attached as Exhibit B to the Rights Agreement, is hereby deleted and replaced in its entirety with the following:
“Expiration Time. Unless earlier redeemed or exchanged by the Company as described below, the rights will expire at the close
of business on February 15, 2021.”

 

    2

     

    

 

Section 4. Remaining Terms; Controlling Agreement.
All other provisions of the Rights Agreement that are not expressly amended hereby shall continue in full force and effect. From
and after the execution and delivery of this Amendment, any references to the Rights Agreement in the Rights Agreement and other
agreements or instruments shall be deemed to refer to the Rights Agreement as amended pursuant to this Amendment. In the event
of any conflict between the terms of this Amendment and the Rights Agreement, this Amendment shall control.

 

Section 5. Severability.
If any term, provision, covenant or restriction of this Amendment is held by a court of competent jurisdiction or other authority
to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Amendment shall
remain in full force and effect and shall in no way be affected, impaired or invalidated; provided, however, that, notwithstanding
anything in this Amendment to the contrary, if any such term, provision, covenant or restriction is held by such court or authority
to be invalid, void or unenforceable and the Board determines in its good faith judgment that severing the invalid language from
this Amendment would adversely affect the purpose or effect of this Amendment, the right of redemption set forth in Section 23
the Rights Agreement shall be reinstated and shall not expire until the Close of Business on the tenth day following the date of
such determination by the Board.

 

Section 6. Governing
Law. This Amendment shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall
be governed by and construed in accordance with the laws of such state applicable to contracts to be made and performed entirely
within such state.

 

Section 7. Descriptive
Headings. Descriptive headings of the sections of this Amendment are inserted for convenience only and shall not control or
affect the meaning or construction of any of the provisions hereof.

 

Section 8. Counterparts.
This Amendment may be executed in one or more counterpart, each of which shall be deemed to be an original, but all of which
shall constitute one and the same agreement.

 

[Remainder of Page Left Intentionally
Blank]

 

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IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed
by their respective authorized officers as of the day and year first set forth above.

 

	 	LUBY’S, INC.
	 	 	 
	 	By: 	/s/ Michael Racusin
	 	 	Michael Racusin
	 	 	Associate General Counsel and
	 	 	Corporate Secretary
	 	 
	 	AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC
	 	 	 
	 	By:	/s/ Michael A. Nespoli
	 	 	Michael A. Nespoli
	 	 	Executive Director

 

[Signature Page
to Second Amendment to Rights Agreement]

 

 

4EXHIBIT 4.2

    

    

    

    DESCRIPTION OF THE REGISTRANT’S SECURITIES

    REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934

    

    

    As of February 5, 2020, Minerals Technologies Inc. (the “Company”) had one class of common stock registered under Section 12 of the
      Securities Exchange Act of 1934, as amended.

    

    

    The following description of our common stock is a summary and does not purport to be complete. It is subject to and qualified in its
      entirety by reference to our restated certificate of incorporation (the “Certificate of Incorporation”) and our amended and restated bylaws (the “Bylaws”), each of which is incorporated herein by reference as an exhibit to the Annual Report on Form
      10-K filed with the Securities and Exchange Commission, of which this Exhibit 4.2 is a part. We encourage you to read our Certificate of Incorporation, our Bylaws and the applicable provisions of the General Corporation Law of the State of Delaware
      (the “DGCL”) for additional information.

    

    

    Authorized Capital Stock

    

    

    Our Certificate of Incorporation currently authorizes our Board of Directors to issue 100,000,000 shares of common stock, par value
      $0.10 per share, and 1,000,000 shares of preferred stock, without par value. As of February 5, 2020, 34,473,835 shares of our common stock were issued and outstanding and no shares of preferred stock were issued and outstanding. There are no
      redemption or sinking fund provisions applicable to our common stock. The holders of our common stock have no preemptive or conversion rights or other subscription rights.

    

    

    Our Board of Directors has the authority, without action by the stockholders, to designate and issue preferred stock in one or more
      series and to designate the rights, preferences and privileges, including dividend rights, voting rights, conversion rights, terms of redemption and liquidation preferences, which may be greater than the rights of the common stock.  It is not
      possible to state the actual effect of the issuance of any shares of preferred stock upon the rights of holders of the common stock until the Board of Directors determines the specific rights of the holders of such preferred stock.  Under certain
      circumstances, the issuance of preferred stock may render more difficult or tend to discourage a merger, tender offer or proxy contest, the assumption of control by a holder of a large block of securities of the Company or the removal of incumbent
      management.

    

    

    Dividend Rights

    

    

    The holders of our common stock are entitled to receive ratably such dividends, if any, as may be declared from time to time by our
      Board of Directors.  The DGCL and our Certificate of Incorporation do not require our Board of Directors to declare dividends on our common stock. Our payment of dividends on our common stock in the future will be determined by our Board of Directors
      in its sole discretion, subject to the amount legally available for the payment of dividends on our common stock by us under the DGCL and to preferences that may be applicable to any outstanding preferred stock.

    

    

    Voting Rights

    

    

    Our Certificate of Incorporation provides that, except as may otherwise be provided in a certificate of designations relating to any
      outstanding series of preferred stock or by applicable law, the holders of shares of common stock shall be entitled to one vote for each such share upon each matter presented to the stockholders. Holders of our common stock do not possess cumulative
      voting rights.

    

    

    Rights Upon Liquidation

    

    

    In the event of any liquidation, dissolution or winding up of the Company, the holders of our common stock would be entitled to receive,
      after payment or provision for payment of all of our debts and liabilities, all of our assets available for distribution. Holders of our preferred stock, if any such shares are then outstanding, may have a priority over the holders of common stock in
      the event of any liquidation or dissolution.

    

    

    Listing

    

    

    Our common stock is traded on the New York Stock Exchange under the trading symbol “MTX.”

    

    

    Transfer Agent and Registrar

    

    

    The transfer agent and registrar for our common stock is Computershare Trust Company, N.A.

    

    

    Certain Provisions of Our Certificate of Incorporation, Bylaws and Delaware Law

    

    

    Our Certificate of Incorporation and Bylaws contain certain provisions that may delay, defer or prevent a change in control of the
      Company.

    

    

    Our Certificate of Incorporation and our Bylaws provide for our Board of Directors to be divided into three classes, as nearly equal in
      number as possible, serving staggered terms. About one-third of the Board will be elected annually, and each member will serve a three-year term. The provision for a classified Board could prevent a party who acquires control of a majority of the
      outstanding voting shares from obtaining control of the Board until the second annual shareholders meeting following the date the acquirer obtains the controlling share interest. The number of directors shall be not less than three nor more than 12,
      the exact number fixed from time to time by resolution of a majority of the directors then in office.

    

    

    Our Certificate of Incorporation and Bylaws provide that directors may be removed only for cause and only with the approval of the
      holders of at least 80% of the voting power of the then-outstanding shares of the Company’s capital stock entitled to vote generally in the election of directors (“Voting Stock”). Any vacancy on the Board of Directors may be filled by the majority
      vote of the remaining directors then in office.

    

    

    Our Certificate of Incorporation and Bylaws provide that any action taken by the stockholders must be effected at a duly called annual
      or special meeting of stockholders and may not be effected by written consent. Our Bylaws provide that special meetings of stockholders may be called by the Chief Executive Officer, and shall be called by the Chief Executive Officer or the Secretary
      at the request in writing of a majority of the Board of Directors. Our Bylaws establish an advance notice procedure for stockholder proposals to be brought before a meeting of stockholders, including proposed nominations of persons for election to
      the Board. The Certificate of Incorporation provides that the Board of Directors has the power to adopt, amend or repeal the Bylaws.

    

    

    The affirmative vote of the holders of 80% or more of the outstanding shares of Voting Stock is required to alter, amend, or repeal the
      provisions of the Certificate of Incorporation relating to the classified board, vacancy and removal of directors, the power of the Board to adopt, amend or repeal the Bylaws, as well as certain other provisions of the Certificate of Incorporation.

    

    

    Our Certificate of Incorporation provides that the liability of directors to the Company or our stockholders shall be eliminated to the
      fullest extent permitted by the DGCL. Our Bylaws provide that, to the fullest extent permitted by law, we will indemnify any person made or threatened to be made a party to any action by reason of the fact that the person is or was our director or
      officer, or serves or served as a director or officer of any other entity at our request.

    

    

    We are subject to Section 203 of the DGCL. In general, Section 203 of the DGCL prohibits a publicly held Delaware corporation from
      engaging in various business combination transactions with any interested stockholder for a period of three years following the time that such person became an interested stockholder, unless:

    

    

    
      	
              

            	
              the business combination or the transaction which resulted in the stockholder becoming an interested stockholder is approved by the Board of
                Directors prior to the time the interested stockholder obtained such status;

            

    

    
      	
              

            	
              upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at
                least 85% of the voting stock of the corporation outstanding at the time the transaction commenced; or

            

    

    
      	
              

            	
              on or subsequent to the time the stockholder became an interested stockholder, the business combination is approved by the Board of Directors and
                by the holders of at least two-thirds of the outstanding voting stock which is not owned by the interested stockholder.

            

    

    

    

    A “business combination” is defined to include mergers, asset sales, and other transactions resulting in financial benefit to an
      “interested stockholder.” In general, an “interested stockholder” is a person who owns (or is an affiliate or associate of the corporation and, within the prior three years, did own) 15% or more of the corporation’s voting stock.

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