SEC Filing Document

Company: Forbright, Inc.
Ticker: 
CIK: 1925062
Filing Type: S-1
Document Type: EX-3.3
Date Filed: 2026-05-15
Accession Number: 0001628280-26-035713
Exchange: 
SIC Code: 6022
SIC Description: State Commercial Banks
URL: https://www.sec.gov/Archives/edgar/data/1925062/000162828026035713/exhibit33-sx1publicflip.htm

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2014 Stock Incentive Plan; or (m) revoking the resolutions of the Company’s Board of Directors dated February 11, 2021, authorizing the Company to pursue a limited repurchase of up to $50,000,000 worth of the Company’s outstanding Common Stock, as more particularly described in the Unanimous Written Consent Without A Meeting of the Board of Directors of Congressional Bancshares, Inc. dated February 11, 2021. 2.4 Number and Term of Office. Subject to Section 2.3(g), the number of the members of the Board of Directors (the “Directors”) shall be fixed from time to time by resolution of the Board of Directors. No reduction in the number of Directors by resolution of the Board shall have the effect of removing any Director from office prior to the expiration of his term. For the avoidance of doubt, the stockholders shall not be entitled to fix the number of members of the Board of Directors.

The Directors shall be divided into three classes as nearly equal in number as possible, as determined by the Board, with the initial term of office of the first class of such Directors to expire at the 2022 annual meeting of stockholders of the Corporation, the initial term of office of the second class of such Directors to expire at the 2023 annual meeting of stockholders of the Corporation and the initial term of office of the third class of such Directors to expire at the 2024 annual meeting of stockholders of the Corporation, with each class of Directors to hold office until their successors have been duly elected and qualified. At each annual meeting of stockholders following such initial classification and election, Directors elected to succeed the Directors whose terms expire at such annual meeting shall be elected to hold office for a term of three years following their election and until their successors have been duly elected and qualified. If the number of Directors is changed, any increase or decrease shall be apportioned among the classes so as to maintain or attain a number of Directors in each class as nearly equal as reasonably possible, but no decrease in the number of Directors may shorten the term of any incumbent Director.

2.5    Vacancies. Subject to Article III of the Stockholders Agreement, (a) newly created directorships resulting from any increase in the number of Directors or any vacancies in the Board of Directors resulting from death, resignation, retirement, disqualification, removal from office or other cause shall be filled by a majority of all of the votes of stockholders entitled to be cast on the matter, and the Directors so chosen shall hold office for a term expiring at the next annual meeting of stockholders at which successors shall be elected and shall qualify; (b) whenever the holders of any class or classes of stock or series thereof are entitled to elect one or more Directors by the Charter, vacancies and newly created directorships of such class or classes or series may be filled by a majority of the Directors elected by such class or classes or series thereof then in office, or by the sole remaining Director so elected; and (c) any Director appointed to fill a vacancy shall hold office until and his or her successor is elected and qualified, unless such Director resigns or is removed prior to such time.

2.6    Removal of Directors. A Director may be removed from office only (a) pursuant to Section 3.4 of Stockholders’ Agreement or (b) for Cause (as defined in the Stockholders’ Agreement).

2.7    Resignation. A Director of the Corporation may resign at any time by giving written notice of his resignation to the Board of Directors, the Chairman of the Board, the President/Chief Executive Officer or the Secretary of the Corporation. A resignation shall take effect on the date specified in the notice of resignation or, should an effective date not be specified, immediately upon receipt of the notice of resignation. Unless otherwise specified therein, such resignation shall take effect upon delivery.

2.8    Place of Meeting. The Board of Directors may hold their meetings and have one or more offices, and keep the books of the Corporation, either within or outside the State of Delaware, at such place or places as they may from time to time determine. The Board of Directors may hold their meetings by conference telephone or other similar electronic communications equipment in accordance with the provisions of the Delaware General Corporation Law.

2.9    Regular Meetings. Regular meetings of the Board of Directors may be held without notice at such time and place within or without the State of Delaware as shall from time to time be determined by resolution of the Board; provided that (a) such meetings shall occur no less frequently than quarterly and (b) notice of every resolution of the Board fixing or changing the time or place for the holding of regular meetings of the Board shall be sent promptly to each Director not present at the meeting at which such change was made. Such notice shall be in the manner provided for notice of special meetings of the Board. The annual meeting of the Board of Directors shall be held immediately following the annual stockholders’ meeting. Any business may be transacted at any regular meeting of the Board.

2.10    Special Meetings. Special meetings of the Board of Directors shall be held at any time or place within or without the State of Delaware whenever called by direction of the Chairman of the Board or the President/Chief Executive Officer; provided that a special meeting must be called by the Chairman of the Board, the President/Chief Executive Officer or the Secretary upon written request of three members of the Board of Directors. Notice of each special meeting of the Board of Directors shall be given by the Secretary as hereinafter provided. Each notice shall state the date, time, place and purpose(s) of the meeting and shall be delivered or transmitted to each Director, either personally or by telephone or other standard form of telecommunication or by electronic mail to any electronic mail address of the Director, at least 48 hours before the time at which the meeting is to be held, or by first-class mail, postage prepaid, addressed to the Director at his residence or usual place of business, and mailed at least three days before the day on which the meeting is to be held, or transmitted by telegraph, cable or other communication leaving a visual record at least two days before the meeting.

Notice, when required, of any meeting of the Board of Directors or a committee of the Board need not be given to any Director who shall, either before or after the meeting, sign a written waiver of notice that is filed with the records of the meeting or who shall attend the meeting.

2.11    Quorum. Two-thirds of the entire number of Directors shall constitute a quorum for the transaction of business at all meetings of the Board of Directors; provided, however, if for two consecutive properly noticed meetings, a quorum is not present, the quorum for the next meeting of the Board of Directors shall be a majority of the entire number of Directors, so long as the only matters to be considered at such meeting are the same matters proposed to be addressed at the two prior called and properly noticed meetings. The act of a majority of the Directors present at any meeting at which there is a quorum shall be the act of the Board of Directors, except as may be otherwise specifically provided by law or by the Charter or by these Bylaws.

In the absence of a quorum at any meeting of the Board, a majority of the Directors present may adjourn the meeting to another date, time and place until a quorum shall be present. Notice of the date, time and place of any adjourned meeting shall be given to the Directors who were not present at the time of the adjournment and, unless the date, time and place were announced at the meeting at which the adjournment was taken, to the other Directors. At any adjourned meeting at which a quorum is present, any business may be transacted that might have been transacted at the meeting as originally called.

2.12    Conduct of Meetings. Meetings of Directors shall be presided over by the Chairman of the Board, or, in his absence or inability to act, the President/Chief Executive Officer, if also a Director, or, in the absence or inability of the President/Chief Executive Officer to act, another Director chosen by a majority of the Directors present, shall act as chairman of the meeting and preside at the meeting. The Secretary of the Corporation, or if he is not present, any Assistant Secretary shall act as secretary of such meetings; in the absence of the Secretary and any Assistant Secretary, the presiding officer may appoint a person to act as secretary of the meeting.