Document:

exv4w2

 

Exhibit 4.2

CERTIFICATE OF AMENDMENT

OF

RESTATED ARTICLES OF INCORPORATION

OF

ZOLTEK COMPANIES, INC.

     Pursuant to the provisions of The General and Business Corporation Law of Missouri, the
undersigned Corporation certifies the following:

	 	1.	 	The name of the Corporation is Zoltek Companies, Inc.
	 
	 	 	 	The name under which the Corporation was originally organized was Zoltek Companies,
Inc.
	 
	 	2.	 	An amendment to the Corporation’s Restated Articles of Incorporation was
adopted by the shareholders on February 15, 1996.
	 
	 	3.	 	Article 4.1 is amended to read in its entirety as follows:

	 	4.1	 	The corporation shall have authority to issue the following shares:
	 
	 	(1)	 	Twenty Million (20,000,000) shares shall be common stock having
a par value of $.01 per share (“Common Stock”); and
	 
	 	(2)	 	One Million (1,000,000) shares shall be preferred stock having
a par value of $.01 per share (“Preferred Stock”).

	 	(a)	 	The Board of Directors, by adoption of an
authorizing resolution, may cause Preferred Stock to be issued from
time to time in one or more series.
	 
	 	(b)	 	The Board of Directors, by adoption of an
authorizing resolution, may with regard to the shares of any series of
Preferred Stock:

	 	(i)	 	Fix the distinctive serial
designation of the shares;
	 
	 	(ii)	 	Fix the dividend rate, if any;
	 
	 	(iii)	 	Fix the date from which
dividends on shares issued before the date for payment of the
first dividend shall be cumulative, if any;
	 
	 	(iv)	 	Fix the redemption price and
terms of redemption, if any;
	 
	 	(v)	 	Fix the amounts payable per share
in the event of dissolution or liquidation of the Corporation,
if any;
	 
	 	(vi)	 	Fix the terms and amounts of any
sinking fund to be used

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	 	 	 	for the purchase or redemption of shares, if any;
	 
	 	(vii)	 	Fix the terms and conditions
under which the shares may be converted, if any;
	 
	 	(viii)	 	Provide whether such shares shall be non-voting, or shall have
full or limited voting rights, and the rights, if any, of such
shares to vote as a class on some or all matters on which such
shares may be entitled to vote; and
	 
	 	(ix)	 	Fix such other preferences,
qualifications, limitations, restrictions and special or
relative rights not required by law.

	 	4.	 	Of the 6,917,664 shares outstanding, 6,917,664 of such shares were entitled to
vote on such amendment.
	 
	 	 	 	The number of outstanding shares of any class entitled to vote thereon as a class
were as follows:

	 	 	 
	Class
	 	Number of Outstanding Shares
	 	 	 
	Common Stock
	 	6,917,664

	 	5.	 	The number of shares voted for and against the amendment were as follows:

	 	 	 	 	 	 	 
	Class
	 	No. Voted For
	 	No. Voted Against
	 	No. Abstaining
	 	 	 	 	 	 	 
	Common Stock
	 	6,218,799
	 	215,675
	 	10,511

	 	6.	 	If the amendment changed the number or par value of authorized shares having a
par value, the amount in dollars of authorized shares having a par value as changed is:
$200,000.
	 
	 	 	 	If the amendment changed the number of authorized shares without par value, the
authorized number of shares without par value as changed and the consideration
proposed to be received for such increased authorized shares without par value as
are to be presently issued are: Not applicable.
	 
	 	7.	 	If the amendment provides for an exchange, reclassification, or cancellation of
issued shares, or a reduction of the number of authorized shares of any class below the
number of issued shares of that class, the following is a statement of the manner in
which such reduction shall be effected: Not applicable.

     IN WITNESS WHEREOF, the undersigned, Zsolt Rumy, as President of the Corporation, has executed
this instrument on behalf of the Corporation and its Secretary has affixed its corporate seal
hereto and attested said seal on the 15th  day of February, 1996.

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	 	ZOLTEK COMPANIES, INC.

 	 
	 	By:  	/s/ Zsolt Rumy
 	 
	 	 	Zsolt Rumy, President 	 
	 	 	 	 
	 

ATTEST:

/s/ Cheryl K. Renne 
Cheryl K. Renne, Secretary

	 	 	 	 	 	 	 
	STATE OF MISSOURI

	 	 	)	 	 	 
	 

	 	 	)	 	 	SS.
	COUNTY OF ST. LOUIS

	 	 	)	 	 	 

     I, Jill A. Curry , a Notary Public, do hereby certify that on this 15th
of February, 1996, personally appeared before me Zsolt.Rumy who, being by me first
duly sworn, declared that he is the President of Zoltek Companies, Inc., that he signed the
foregoing document as President of the corporation, and that the statements therein contained are
true.

	 	 	 	 	 
	 	 	 
	 	/s/ Jill A. Curry 	 
	 	Notary Public 	 
	 	 	 
	 

				
	 	My Commission expires	 	
 

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Exhibit 4.3

CERTIFICATE OF AMENDMENT

OF

RESTATED ARTICLES OF INCORPORATION

OF

ZOLTEK COMPANIES, INC.

     Pursuant to the provisions of The General and Business Corporation Law of Missouri, the
undersigned Corporation certifies the following:

	 	1.	 	The name of the Corporation is Zoltek Companies, Inc.
	 
	 	 	 	The name under which the Corporation was originally organized was Zoltek Companies,
Inc.
	 
	 	2.	 	An amendment to the Corporation’s Restated Articles of Incorporation was
adopted by the shareholders on February 7, 1997.
	 
	 	3.	 	Article 4.1 is amended to read in its entirety as follows:

	 	4.1	 	The corporation shall have authority to issue the following shares:
	 
	 	(1)	 	Fifty Million (50,000,000) shares shall be common stock having a par value of
$.01 per share (“Common Stock”); and
	 
	 	(2)	 	One Million (1,000,000) shares shall be preferred stock having a par value of
$.01 per share (“Preferred Stock”).

	 	(a)	 	The Board of Directors, by adoption of an authorizing
resolution, may cause Preferred Stock to be issued from time to time in one or
more series.
	 
	 	(b)	 	The Board of Directors, by adoption of an authorizing
resolution, may with regard to the shares of any series of Preferred
Stock:.

	 	(i)	 	Fix the distinctive serial designation of the
shares;
	 
	 	(ii)	 	Fix the dividend rate, if any;
	 
	 	(iii)	 	Fix the date from which dividends on shares
issued before the date for payment of the first dividend shall be
cumulative, if any;
	 
	 	(iv)	 	Fix the redemption price and terms of
redemption, if any;
	 
	 	(v)	 	Fix the amounts payable per share in the event
of dissolution or liquidation of the Corporation, if any;
	 
	 	(vi)	 	Fix the terms and amounts of any sinking fund
to be used for the purchase or redemption of shares, if any;

 

 

	 	(vii)	 	Fix the terms and conditions under which the
shares may be converted, if any;
	 
	 	(viii)	 	Provide whether such shares shall be non-voting, or shall have full
or limited voting rights, and the rights, if any, of such shares to
vote as a class on some or all matters on which such shares may be
entitled to vote; and
	 
	 	(ix)	 	Fix such other preferences, qualifications,
limitations, restrictions and special or relative rights not required
by law.

	 	4.	 	Of the 16,210,338 shares outstanding, 16,210,338 of such shares were entitled
to vote on such amendment.
	 
	 	 	 	The number of outstanding shares of any class entitled to vote thereon as a class
were as follows:

	 	 	 
	Class
	 	Number of Outstanding Shares
	 	 	 
	Common Stock
	 	16,210,338

	 	5.	 	The number of shares voted for and against the amendment were as follows:

	 	 	 	 	 	 	 
	Class
	 	No. Voted For
	 	No. Voted Against
	 	No. Abstaining
	 	 	 	 	 	 	 
	Common Stock
	 	14,564,751
	 	1,112,869
	 	62,039

	 	6.	 	If the amendment changed the number or par value of authorized shares having a
par value, the amount in dollars of authorized shares having a par value as changed is:
$500,000
	 
	 	 	 	If the amendment changed the number of authorized shares without par value, the
authorized number of shares without par value as changed and the consideration
proposed to be received for such increased authorized shares without par value as
are to be presently issued are: Not applicable.
	 
	 	7.	 	If the amendment provides for an exchange, reclassification, or cancellation of
issued shares, or a reduction of the number of authorized shares of any class below the
number of issued shares of that class, the following is a statement of the manner in
which such reduction shall be effected: Not applicable.

     IN WITNESS WHEREOF, the undersigned, Zsolt Rumy, as President of the Corporation, has executed
this instrument on behalf of the Corporation and its Secretary .has affixed its
corporate seal hereto and attested said seal on the 7th  day of February, 1997.

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	 	ZOLTEK COMPANIES, INC.

 	 
	 	By:  	/s/ Zsolt Rumy
 	 
	 	 	Zsolt Rumy, President 	 
	 	 	 	 
	 

ATTEST:

/s/ Daniel D. Greenwell 
Daniel D. Greenwell, Secretary

	 	 	 	 	 	 	 
	STATE OF MISSOURI

	 	 	)	 	 	 
	 

	 	 	)	 	 	SS.
	COUNTY OF ST. LOUIS

	 	 	)	 	 	 

     I, Jill A. Curry , a Notary Public, do hereby certify that on this 7th
 day of February, 1997, personally appeared before me Zsolt Rumy who, being by me first duly
sworn, declared that he is the President of Zoltek Companies, Inc., that he signed the forgoing
document as President of the corporation, and that the statements therein contained are true.

	 	 	 	 	 
	 	 	 
	 	/s/ Jill A. Curry 	 
	 	Notary Public 	 
	 	 	 
	 

				
	 	My Commission expires:	 	
 

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Exhibit 4.4

RESTATED BYLAWS

OF

ZOLTEK COMPANIES, INC.

Effective As

Of: September 22, 1992

 

 

RESTATED BYLAWS

OF

ZOLTEK COMPANIES, INC.

ARTICLE I. OFFICES

     The principal office of the Corporation in the State of Missouri shall be located at 3101
McKelvey Road, St. Louis, Missouri 63044. The Corporation may have such other office(s), either
within or without the State of Missouri, as the Board of Directors may designate or as the business
of the Corporation may require from time to time.

     The registered office of the Corporation required by The General and Business Corporation Law
of Missouri to be maintained in the State of Missouri may be, but need not be, identical with its
principal office in the State of Missouri, and the address of the registered office may be changed
from time to time by the Board of Directors.

ARTICLE II. SHAREHOLDERS

     Section 2.01. Annual Meeting. The annual meeting of the shareholders shall
be held on the first Monday in March of each year, beginning with the year 1993, at the hour of
10:00 A.M., or at such other date and hour as shall be determined by the Board of Directors and
stated in the notice of the meeting, for the purpose of electing directors and for the transaction
of such other business as may come before the meeting. If the day fixed for the annual meeting
shall be a legal holiday in the State of Missouri, such meeting shall be held on the next
succeeding business day. If the election of directors shall not be held on the day designated
herein for any annual meeting of the shareholders, or at any adjournment thereof, the Board of
Directors shall cause the election to be held at a special meeting of the shareholders as soon
thereafter as conveniently may be arranged.

     Section 2.02. Special Meetings. A special meeting of the shareholders, for
any purpose or purposes, unless otherwise prescribed by statute, may be called by the President or
by the Board of Directors at any time in their sole discretion or by the holders of not less than
ten percent of all the outstanding shares of the Corporation entitled to vote at such meeting.

     Section 2.03. Place of Meeting. The Board of Directors may designate any
place, either within or without the State of Missouri, as the place of meeting for any annual
meeting of the shareholders or for any special meeting of the shareholders called by the Board of
Directors, except that a meeting called expressly for the purpose of removal of a director shall be
held at the registered office or principal business office of the Corporation in the State of
Missouri or in the city or county of the State of Missouri in which the principal business office
of the Corporation is located. A waiver of notice signed by all shareholders entitled to vote at a
meeting may designate any place, either within or without the State of Missouri, as the place for
the holding of such meeting unless such meeting is called expressly for the purpose of removal of
one or more directors, in which event such meeting shall be held at the registered office or
principal business office of the Corporation in the State of Missouri or in the city or county of
the State of Missouri in which the principal business office of the Corporation is located. If no
designation is made, the place of meeting shall be the registered office of the Corporation in the
State of Missouri.

     Section 2.04. Notice of Meeting. Written notice stating the place, day and
hour of the meeting and, in case of a special meeting, the purpose or purposes for which the
meeting is called, shall, unless otherwise allowed or prescribed by statute, be delivered not less
than ten nor more than fifty days before the date of the meeting, either personally or by mail, by
or at the

 

 

direction of the President, or the Secretary, or the persons calling the meeting, to each
shareholder of record entitled to vote at such meeting. If mailed, such notice shall be deemed to
be delivered when deposited in the United States mail, addressed to the shareholder at his or her
address as it appears on the records of the Corporation, with postage thereon prepaid.

     Section 2.05. Meeting. How Convened. Every meeting, for whatever purpose, of
the shareholders of the Corporation shall be convened by the President, Secretary or other officer,
or any of the persons calling the meeting by notice given as herein provided.

     Section 2.06. Closing Transfer Books: Record Date. The Board of Directors
shall have power to close the transfer books of the Corporation for a period not exceeding seventy
days preceding the date of any meeting of shareholders, or the date of payment of any dividend, or
the date for the allotment of rights, or the data when any change or conversion or exchange of
shares shall go into effect; provided, however, that in lieu of closing the stock transfer books,
the Board of Directors may fix in advance a date, not exceeding seventy days preceding the date of
any meeting of shareholders, or the date for the payment of any dividend, or the date for the
allotment of rights, or the date when any change or conversion or exchange of shares shall go into
effect, as a record date for the determination of the shareholders entitled to notice of, and to
vote at, the meeting and any adjournment thereof, or to receive payment of the dividend, or to
receive the allotment of rights, or to exercise the rights in respect of the change, conversion or
exchange of shares. In such case, only the shareholders who are shareholders of record on the date
of closing the transfer books, or on the record date so fixed, shall be entitled to notice of, and
to vote at, the meeting and any adjournment thereof, or to receive payment of the dividend, or to
receive the allotment of rights, or to exercise the rights, as the case may be, notwithstanding any
transfer of any shares on the books of the Corporation after the date of closing of the transfer
books or the record date fixed as aforesaid. If the Board of Directors does not close the transfer
books or set a record date, only the shareholders who are shareholders of record at the.
close of business on the twentieth day preceding the date of the meeting shall be entitled to
notice of, and to vote at, the meeting, and any adjournment of the meeting; except that, if prior
to the meeting written waivers of notice of the meeting are signed and delivered to the Corporation
by all of the shareholders of record at the time the meeting is convened, only the shareholders who
are shareholders of record at the time the meeting is convened shall be entitled to vote at the
meeting, and any adjournment of the meeting.

     Section 2.07. Voting Lists. The officer or agent having charge of the
transfer book for shares of the Corporation shall make, at least ten days before each meeting of
the shareholders, a complete list of the shareholders entitled to vote at such meeting, arranged in
alphabetical order, with the address of and the number of shares held by each, which list, for a
period of ten days prior to such meeting shall be kept on file at the registered office of the
Corporation and shall be subject to inspection by any shareholder at any time during usual business
hours. Such list shall also be produced and subject to the inspection of any shareholder during the
whole time of the meeting. The original share ledger or transfer books, or a duplicate thereof kept
in the State of Missouri, shall be prima facie evidence as to who are the shareholders entitled to
examine such list or share ledger or transfer book or to vote at any meeting of the shareholders.

     Section 2.08. Quorum. A majority of the outstanding shares of the
Corporation entitled to vote, represented in person or by proxy, shall constitute a quorum at any
meeting of shareholders. If less than a quorum is present, a majority of the shares so represented
may adjourn the meeting until a specified date, not longer than ninety days after such adjournment,
and no notice need be given of such adjournment to shareholders not present at the meeting. Every
decision of a majority of such quorum shall be valid as a corporate act unless a different vote is
required by law, the Articles of Incorporation or the Bylaws of the Corporation. The shareholders
present at a duly organized meeting may continue to transact business until adjournment,
notwithstanding the withdrawal of enough shareholders to leave less than a quorum.

     Section 2.09. Proxies. At all meetings of shareholders, a shareholder may
vote in parson or by proxy executed in writing by the shareholder or by the shareholder’s duly
authorized

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attorney in fact. Such proxy shall be filed with the Secretary of the Corporation before or at
the time of the meeting. No proxy shall be valid after eleven months from the data of its
execution, unless otherwise provided in the proxy. A duly executed proxy shall be irrevocable only
if it states that it is irrevocable and if, and only so long as, it is coupled with an interest
sufficient in law to support an irrevocable power of attorney. The interest with which it is
coupled need not be an interest in the shares themselves. If any instrument of proxy designates two
or more persons to act as proxy, in the absence of any provisions in the proxy to the contrary, the
persons designated may represent and vote the shares in accordance with the vote or consent of the
majority of the persons named as proxies. If only one such proxy is present, the proxy may vote all
of the shares, and all the shares standing in the name of the principal or principals for whom such
proxy acts shall be deemed represented for the purpose of obtaining a quorum. The foregoing
provisions shall apply to the voting of shares by proxies for any two or more personal
representatives, trustees or other fiduciaries, unless an instrument or order of court appointing
them otherwise directs.

     Section 2.10. Voting of Shares. Subject to the provisions of Section 2.13,
each outstanding share entitled to vote shall be entitled to one vote upon each matter submitted to
a vote at a meeting of the shareholders.

     Section 2.11. Voting of Shares by Certain Holders. Shares standing in the
name of another corporation may be voted by such officer, agent or proxy as the bylaws of such
corporation may prescribe, or, in the absence of such provision, as the Board of Directors of such
corporation may determine.

     Shares standing in the name of a deceased person may be voted by his or her personal
representative, either in person or by proxy. Shares standing in the name of a conservator or
trustee may be voted by such fiduciary, either in person or by proxy, but no conservator or trustee
shall be entitled as a fiduciary to vote shares held by him or her without a transfer of such
shares into his or her name.

     Shares standing in the name of a receiver may be voted by such receiver, and shares held by or
under the control of a receiver may be voted by such receiver without the transfer thereof into his
or her name if authority to do so be contained in an appropriate order of the court by which such
receiver was appointed.

     A shareholder whose shares are pledged shall be entitled to vote such shares until the shares
have been transferred into the name of the pledgee, and thereafter the pledgee shall be entitled to
vote the shares so transferred.

     Section 2.12. Shareholder Action Without a Meeting. Any action required to
be taken at a meeting of the shareholders, or any action which may be taken at a meeting of the
shareholders, may be taken without a meeting if consents in writing, setting forth the action so
taken, shall be signed by all of the shareholders entitled to vote with respect to the subject
matter thereof. Such consents shall have the same force and effect as a unanimous vote of the
shareholders at a meeting duly held. The Secretary of the Corporation shall file such consents with
the minutes of the meetings of the shareholders.

     Section 2.13. Cumulative Voting Rights Denied. In all elections for
directors, each shareholder entitled to vote shall have the right to cast only as many votes as
shall equal the number of voting shares held by him in the Corporation. There shall be no right to
cumulative voting in the election of directors.

     Section 2.14. Shareholders’ Right to Examine Books and Records. This
Corporation shall keep correct and complete books and records of account, including the amount of
its assets and liabilities, minutes of the proceedings of its shareholders and Board of Directors,
and the names and places of residence of its officers; and it shall keep at its registered office
or principal place of business in this state, or at the office of its transfer agent in this state,
if any, books and records in which shall be recorded the number of shares subscribed, the names of
the owners of

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the shares, the numbers owned by them respectively, the amount of shares paid, and by whom,
and the transfer of such shares with the date of transfer. Each shareholder may, during normal
business hours, have access to the books of the Corporation, to examine the same. The Board of
Directors may, from time to time, further prescribe regulations with respect to any such
examination.

     Section 2.15. Shares of Other Corporations. Shares of another corporation
owned by or standing in the name of the Corporation may be voted by such person or persons as may
be designated by the Board of Directors and in the absence of any such designation, the President
shall have the power to vote such shares.

     Section 2.16. Notice of Shareholder Nominee. Only persons who are nominated
in accordance with the procedures set forth in this Section 2.16 shall be eligible for election as
Directors of the Corporation. Nominations of persons for election to the Board of Directors of the
Corporation may be made at a meeting of shareholders (a) by or at the direction of the Board of
Directors or (b) by any shareholder of the Corporation entitled to vote for the election of
Directors at such meeting who complies with the procedures set forth in this Section 2.16. All
nominations by shareholders shall be made pursuant to timely notice in proper written form to the
Secretary of the Corporation. To be timely, a shareholder’s notice shall be delivered to or mailed
and received at the principal executive offices of the Corporation not less than thirty days nor
more than sixty days prior to the meeting; provided, however, that in the event that less than
forty days’ notice or prior public disclosure of the date of the meeting is given or made to
shareholders, notice by the shareholder to be timely must be so received not later than the close
of business on the tenth day following the day on which such notice of the date of the meeting was
mailed or such public disclosure was made. To be in proper written form, such shareholder’s notice
shall set forth in writing (a) as to each person whom the shareholder proposes to nominate for
election or re-election as a Director, all information relating to such person that is required to
be disclosed in solicitations or proxies for election of directors, or is otherwise required, in
each case pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended,
including, without limitation, such person’s written consent to being named in the proxy statement
as a nominee and to serving as a Director if elected; and (b) as to the shareholder giving the
notice (i) the name and address, as they appear on the Corporation’s books, of such shareholder and
(ii) the class and number of shares of the Corporation which are beneficially owned by such
shareholder. At the request of the Board of Directors, any person nominated by the Board of
Directors for election as a director shall furnish to the Secretary of the Corporation that
information required to be set forth in a shareholder’s notice of nomination which pertains to the
nominee. In the event that a shareholder seeks to nominate one or more directors, the Secretary
shall appoint two inspectors, who shall not be affiliated with the Corporation, to determine
whether a shareholder has complied with this Section 2.16. If the inspectors shall determine that a
shareholder has not complied with this Section 2.16, the inspectors shall direct the chairman of
the meeting to declare to the meeting that the nomination was not made in accordance with the
procedures prescribed by the Bylaws of the Corporation, and the chairman shall so declare to the
meeting and the defective nomination shall be disregarded.

     Section 2.17. Procedures for Submission of Shareholder Proposals at Annual
Meeting. At any annual meeting of the shareholders of the Corporation, only such business
shall be conducted as shall have been brought before the meeting (i) by or at the direction of the
Board of Directors or (ii) by any shareholder of the Corporation who complies with the procedures
set forth in this Section 2.17. For business properly to be brought before an annual meeting by a
shareholder, the shareholder must have given timely notice thereof in proper written form to the
Secretary of the Corporation. To be timely, a shareholder’s notice must be delivered to or mailed
and received at the principal executive offices of the Corporation not less than thirty days nor
more than sixty days prior to the meeting; provided, however, that in the event that less than
forty days’ notice or prior public disclosure of the date of the meeting is given or made to
shareholders, notice by the shareholder to be timely must be received not later than the close of
business on the tenth day following the day on which such notice of the date of the annual meeting
was mailed or such public disclosure was made. To be in proper written form, a shareholder’s notice
to the Secretary shall set forth in writing as to each matter the shareholder proposes to bring
before the annual meeting (i) a brief description of the business desired to be

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brought before the annual meeting and the reasons for conducting such business at the annual
meeting, (ii) the name and address, as they appear on the Corporation’s books, of the shareholder
proposing such business, (iii) the class and number of shares of the Corporation which are
beneficially owned by the shareholder and (iv) any material interest of the shareholder in such
business. Notwithstanding anything in the Bylaws to the contrary, no business shall be conducted at
an annual meeting, except in accordance with the procedures set forth in this Section 2.17. The
chairman of a meeting shall, if the facts warrant, determine and declare to the meeting that
business was not properly brought before the meeting in accordance with the provisions of this
Section 2.17, and, if he or she should so determine, shall so declare to the meeting and any such
business not properly brought before the meeting shall not be transacted.

ARTICLE III. BOARD OF DIRECTORS 

     Section 3.01. General Powers. The property and business of the Corporation
shall be controlled and managed by its Board of Directors.

     Section 3.02. Number, Term and Qualifications. The number of directors to
constitute the Board of Directors shall be not less than three (3) nor more than eleven (11) by
resolution of the Board of Directors adopted by the vote or consent of at least sixty-six and
two-thirds percent (66-2/3%) of the number of directors then in office. The directors shall be
divided into three classes as more particularly set forth in the Articles of Incorporation of the
Corporation. Each director shall hold office until his or her successor shall have been elected and
qualified. The directors need not be residents of the State of Missouri or shareholders of the
Corporation.

     Section 3.03. Regular Meetings. A regular meeting of the Board of Directors
shall be held without other notice than this Bylaw immediately after, and at the same place as, the
annual meeting of shareholders. The Board of Directors may provide, by resolution, the time and
place, either within or without the State of Missouri, for the holding of additional regular
meetings without other notice than such resolution.

     Section 3.04. Special Meetings. A special meeting of the Board of Directors
may be called by, or at the request of, the President or any director. The person or persons
authorized to call such special meeting of the Board of Directors may fix any place, either within
or without the State of Missouri, as the place for holding such special meeting.

     Section 3.05. Notice. Notice of any special meeting shall be delivered at least two
days prior thereto by written notice delivered personally or left at or mailed to each director at
his or her business or residence address, or by telegram or telefax. If mailed, such notice shall
be deemed to be delivered when deposited in the United States mail, so addressed, with postage
thereon prepaid. If notice be given by telegram or telefax, such notice shall be deemed to be
delivered when the text of the telegram or telefax is delivered to the telegraph or telefax
company. The attendance of a director at a meeting shall constitute a waiver of notice of such
meeting, except where a director attends a meeting for the express purpose of objecting to the
transaction of any business because the meeting is not lawfully called or convened. Neither the
business to be transacted at, nor the purpose of, any regular or special meeting of the Board of
Directors need be specified in the notice or waiver of notice of such meeting.

     Section 3.06. Quorum; Participation by Telephone. A majority of the full
Board of Directors shall constitute a quorum for the transaction of business, but if less than a
majority are present at a meeting, a majority of the directors present may adjourn the meeting from
time to time without further notice. Members of the Board of Directors may participate in a meeting
of the Board of Directors, whether regular or special, by means of conference telephone or similar
communications equipment whereby all persons participating in the meeting can hear each other, and
participation in a meeting in this manner shall constitute presence in person at the meeting.

     Section 3.07. Manner of Acting. The act of a majority of the directors
present at a meeting at which a quorum is present shall be the act of the Board of Directors,
unless the act of a different number is required by statute, the Articles of Incorporation or these
Bylaws.

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     Section 3.08. Action Without a Meeting. Any action that may be taken at a
meeting of the Board of Directors or of a committee of directors may be taken without a meeting if
consents in writing, setting forth the action so taken, are signed by all of the members of the
Board of Directors or of the committee, as the case may be. Such written consents shall be filed by
the Secretary with the minutes of the proceedings of the Board of Directors or of the committee, as
the case may be, and shall have the same force and effect as a unanimous vote at a meeting duly
held.

     Section 3.09. Resignations. Any director may resign at any time by
delivering written notice to the Board of Directors, the President or the Secretary of the
Corporation. Any written notice delivered in person to the President or the Secretary shall be
effective upon delivery, unless otherwise provided therein. Written notice may be delivered by
certified or registered mail, with postage thereon prepaid and a return receipt requested. Such
resignation shall take effect on the date of the receipt of such notice which date of receipt shall
be deemed to be the date indicated upon the registered or certified mail return receipt, or at any
later time specified therein. Unless otherwise specified, acceptance of such resignation shall not
be necessary to make it effective.

     Section 3.10. Removal by Shareholders. At a meeting called expressly for
that purpose, the entire Board of Directors, or any individual director or directors, may be
removed with or without cause upon the affirmative vote of the holders of a majority of the shares
then entitled to vote at a meeting of shareholders called for an election of directors; provided,
however, that if less than the entire Board of Directors is to be so removed without cause, no
individual director may be so removed if the votes cast against such director’s removal would be
sufficient to elect such director. If there are classes of directors, no one director may be
removed if the votes cast against such director’s removal would be sufficient to elect the director
at an election of the class of directors of which the director is a part.

     Section 3.11. Vacancies. In case of the death, incapacity or resignation of
one or more of the directors, or in the case of a newly created directorship resulting from any
increase in the number of directors to constitute the Board of Directors, a majority of the
directors then in office, although less than a quorum, or the sole remaining director, may fill the
vacancy or vacancies until the next election of directors by the shareholders.

     Section 3.12. Compensation. By resolution of the Board of Directors, each
director may be paid his or her expenses, if any, of attendance at each meeting of-the
Board of Directors, and may be paid a stated salary as director or a fixed sum for attendance at
each meeting of the Board of Directors or both. No such payment shall preclude any director from
serving the Corporation in any other capacity and receiving compensation therefor.

     Section 3.13. Presumption of Assent. A director of the Corporation who is
present at a meeting of the Board of Directors at which action on any matter is taken shall be
presumed to have assented to the action taken unless the director dissents or abstains at such
meeting, and the fact of such dissent or abstention (a) is entered in the minutes of the meeting,
or (b) shall be filed by the director in writing with the person acting as secretary of the meeting
before the adjournment thereof, or (c) shall have been recorded by the director and forwarded by
registered mail to the Secretary of the Corporation promptly after the adjournment of the meeting.
Such right to dissent shall not apply to a Director who voted in favor of such action.

     Section 3.14. Committees. The Board of Directors, by resolution adopted by a
majority of the Board, may designate two or more directors to constitute (a) an executive
committee, which committee shall have and exercise all of the authority of the Board of Directors
in the management of the Corporation, or (b) any other committee which shall have the name,
purpose, power and authority delegated to it by such resolution.

ARTICLE IV. OFFICERS

     Section 4.01. Number. The officers of the Corporation shall be the Chairman,
the

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President, one or more Vice Presidents (the number and any descriptive title thereof to be
determined by the Board of Directors) and a Secretary, each of whom shall be elected by the Board
of Directors. Such other officers and assistant officers as may be deemed necessary may be elected
by the Board of Directors or appointed by the President, with the approval of the Board. Any two or
more offices may be held by the same person.

     Section 4.02. Election and Term of Office. The officers of the Corporation
to be elected by the Board of Directors shall be elected annually by the Board of Directors at the
first meeting of the Board of Directors held after the annual meeting of the shareholders. If the
election of officers shall not be held at such meeting, such election shall be held as soon
thereafter as conveniently may be arranged. Each officer shall hold office until his or her
successor shall have been duly elected and shall have qualified or until his or her death or until
he or she shall resign or shall have been removed in the manner hereinafter provided.

     Section 4.03. Removal. Any officer, agent, or other employee elected or
appointed by the Board of Directors may be removed by the Board of Directors, with or without
cause, whenever in its judgment the best interests of the Corporation will be served thereby, but
such removal shall be without prejudice to the contract rights, if any, of the person so removed.
Election or appointment of an officer or agent shall not of itself create contract rights.

     Section 4.04. Resignations. Any officer may resign at any time by giving
written notice to the Board of Directors, the Chairman, the President or the Secretary of the
Corporation. Any written notice delivered in person to the Chairman, the President or the Secretary
shall be effective upon delivery unless otherwise provided therein. Written notice may be delivered
by certified or registered mail, with postage thereon prepaid and a return receipt requested. Such
resignation shall take effect on the date of the receipt of such notice which date of receipt shall
be deemed to be the date indicated upon the registered or certified mail return receipt, or at any
later time specified therein. Unless otherwise specified herein, the acceptance of such resignation
shall not be necessary to make it effective.

     Section 4.05. Vacancies. A vacancy in any office because of death,
incapacity, resignation, removal, disqualification or otherwise, may be filled by the Board of
Directors for the unexpired portion of the term.

     Section 4.06. Chairman. The Chairman shall be the chief executive officer of
the Corporation and shall provide overall direction and guidance to the Corporation. He shall
preside at all meetings of the shareholders and the Board of Directors. The Chairman shall in
general perform all duties incident to the office of Chairman and such other duties as may be
prescribed by the Board of Directors from time to time.

     Section 4.07. President. The President shall be the chief operating officer
of the Corporation and shall in general supervise and control the operations of the Corporation.
The President may sign, with the Secretary or any other proper officer of the Corporation thereunto
authorized by the Board of Directors, certificates for shares of the Corporation, any deeds,
mortgages, bonds, contracts, or other instruments which the Board of Directors has authorized to be
executed, except in cases where the signing and execution thereof shall be expressly delegated by
the Board of Directors or by these Bylaws to some other officer or agent of the Corporation, or
shall be required by law to be otherwise signed or executed. The President may vote in person or by
proxy shares in other corporations standing in the name of this Corporation. The President shall in
general perform all duties incident to the office of President and such other duties as may be
prescribed by the Board of Directors from time to time.

     Section 4.08. Vice President. In the absence of the President, whether due
to resignation, incapacity or any other cause, or in the event of the President’s death, inability
or refusal to act, the Vice President (or in the event there be more than one Vice President, the
Vice Presidents in the order designated at the time of their election, or in the absence of any
designation, then in the order of their election) shall perform the duties of the President, and
when so acting, shall have all powers of and be subject to all the restrictions upon the President.
The Vice President shall

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exercise such powers only so long as the president remains absent or incapacitated, or until
the Board of Directors elects a new President. Any Vice President may sign, with the Secretary, an
Assistant Secretary, Treasurer or an Assistant Treasurer, certificates for shares of the
Corporation; and shall perform such other duties as from time to time may be assigned to him or her
by the President or by the Board of Directors.

     Section 4.09. Secretary. The Secretary shall (a) keep the minutes of the
proceedings of the shareholders and of the Board of Directors in one or more books provided for
that purpose; (b) see that all notices are duly given in accordance with the provisions of these
Bylaws or as required by law; (c) be custodian of the corporate records and of the seal of the
Corporation and see that the seal of the Corporation, if any, is affixed to all documents the
execution of which on behalf of the Corporation under its seal is duly authorized; (d) keep a
register of the post office address of each shareholder which shall be furnished to the Secretary
by such shareholder; (e) sign with the President, or a Vice President, certificates for shares of
the Corporation, the issuance of which shall have been authorized by resolution of the Board of
Directors; (f) have general charge of the stock transfer books of the Corporation; and (g) in
general perform all duties incident to the office of Secretary and such other duties as from time
to time may be assigned to the Secretary by the President or by the Board of Directors.

     Section 4.10. Treasurer. If the Board of Directors elects a person to be
Treasurer of the Corporation, the Treasurer shall: (a) have charge and custody of and be
responsible for all funds and securities of the Corporation; (b) receive and give receipts for
moneys due and payable to the Corporation from any source whatsoever, and deposit all such moneys
in the name of the Corporation in such banks, trust companies or other depositories as shall be
selected in accordance with the provisions of Article V of these Bylaws; and (c) in general perform
all of the duties incident to the office of Treasurer and such other duties as from time to time
may be assigned to the Treasurer by the President or by the Board of Directors. If required by the
Board of Directors, the Treasurer shall give a bond for the faithful discharge of the Treasurer’s
duties in such sum and with such surety or sureties as the Board of Directors shall determine. If
no Treasurer is elected, then such duties shall be carried out by the Vice President in charge of
the Corporation’s financial affairs, or such other officer as the Board of Directors may determine.

     Section 4.11. Salaries. The salaries of the officers shall be fixed from
time to time by the Board of Directors and no officer shall be prevented from receiving such salary
by reason of the fact that the officer is also a director of the Corporation and participated in
determining and voting upon the salary.

ARTICLE V. CONTRACTS, LOANS, CHECKS AND DEPOSITS

     Section 5.01. Contracts. The Board of Directors may authorize any officer or
officers, agent or agents, to enter into any contract or execute and deliver any instrument in the
name of and on behalf of the Corporation, and such authority may be general or confined to specific
instances.

     Section 5.02. Loans. No loans shall be contracted on behalf of the
Corporation and no evidences of indebtedness shall be issued in its name unless authorized by a
resolution of the Board of Directors. Such authority may be general or confined to specific
instances.

     Section 5.03. Checks, Drafts, etc. All checks, drafts or other orders for
the payment of money, notes or other evidences of indebtedness issued in the name of the
Corporation shall be signed by such officer or officers, agent or agents of the Corporation and in
such manner as shall from time to time be determined by resolution of the Board of Directors.

     Section 5.04. Deposits. All funds of the Corporation not otherwise employed
shall be deposited from time to time to the credit of the Corporation in such banks, trust
companies or other depositories as the Board of Directors may select.

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ARTICLE VI. CERTIFICATES FOR SHARES AND THEIR TRANSFER

     Section 6.01. Certificates for Shares. Certificates representing shares of
the Corporation shall be in such form as shall be determined by the Board of Directors.

     The shares of the Corporation shall be represented by certificates signed by the Chairman, or
the President or a Vice President, and by the Secretary or an Assistant Secretary or the Treasurer
or an Assistant Treasurer of the Corporation and sealed with the seal of the Corporation, if any,
or a facsimile thereof. Any signatures on the certificates may be facsimile. All certificates for
shares shall be consecutively numbered or otherwise identified. The name and address of the person
to whom the shares represented thereby are issued, with the number of shares and date of issue,
shall be entered on the stock transfer books of the Corporation. All certificates surrendered to
the Corporation for transfer shall be cancelled, and no new certificate shall be issued until the
former certificate for a like number of shares shall have been surrendered and cancelled, except
that in case of a lost, destroyed or mutilated certificate a new one may be issued therefor upon
such terms as the Board of Directors may prescribe.

     Section 6.02. Transfer of Shares. Transfer of shares of the Corporation
shall be made only on the stock transfer books of the Corporation by the holder of record thereof
or by his or her legal representative, or by his or her attorney thereunto authorized by power of
attorney duly executed and filed with the Secretary of the Corporation, and on surrender for
cancellation of the certificate for such shares. The person in whose name shares stand on the books
of the Corporation shall be deemed by the Corporation to be the owner thereof for all purposes.

ARTICLE VII. FISCAL YEAR

     The fiscal year of the Corporation shall begin on the first day of October and end on the
thirtieth day of September in each year.

ARTICLE VIII. DIVIDENDS

     The Board of Directors may, from time to time, declare and the Corporation may pay dividends
on its outstanding shares in the manner, and upon the terms and conditions provided by
law and Articles of Incorporation of the Corporation.

ARTICLE IX. CORPORATE SEAL

     The Board of Directors may provide a corporate seal in the form of a circle with the name of
the Corporation inscribed thereon.

ARTICLE X. WAIVER OF NOTICE

     Whenever any notice is required to be given to any shareholder or director of the Corporation
under the provisions of these Bylaws or of the Articles of Incorporation or of The General and
Business Corporation Law of Missouri, a waiver thereof in writing signed by the person or persons
entitled to such notice, whether before or after the time stated therein, shall be deemed
equivalent to the giving of such notice.

ARTICLE XI. AMENDMENTS 

     These Bylaws may be altered, amended or repealed and new Bylaws adopted by action of a
majority of the directors at any regular or special meeting of the directors.

     Adopted as of September 22, 1992.

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	 	/s/ Zsolt Rumy 

	ATTEST:
	 	 
	 
	 	 
	/s/ Cheryl K. Renne 

	 	 
	Cheryl K. Renne, Secretary
	 	 

-10-

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