SEC Filing Document

Company: Forbright, Inc.
Ticker: 
CIK: 1925062
Filing Type: S-1
Document Type: EX-3.1
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/exhibit31-sx1publicflip.htm

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equal as reasonably possible, but no decrease in the number of directors may shorten the term of any incumbent director. 7.2 Removal of Directors. A director may be removed from office only (a) pursuant to Section 3.4 of the Stockholders’ Agreement or (b) for Cause (as defined in the Stockholders’ Agreement). 7.3 Initial Directors. The name and addresses of the initial directors of the Corporation shall be as follows: (a) Class 1 (Term Expiry 2022) (i) J.R. Schuble, Jr. — c/o Congressional Bancshares, Inc. 4445 Willard Avenue, 10th Floor Chevy Chase, Maryland 20815 (ii) Jason Fish — c/o Congressional Bancshares, Inc. 4445 Willard Avenue, 10th Floor Chevy Chase, Maryland 20815 (iii) John Delaney — c/o Congressional Bancshares, Inc. 4445 Willard Avenue, 10th Floor Chevy Chase, Maryland 20815 (b) Class 2 (Term Expiry 2023) (i) Jenevieve Mitchel — c/o Congressional Bancshares, Inc. 4445 Willard Avenue, 10th Floor Chevy Chase, Maryland 20815

(ii) Cliff Brokaw —	c/o Congressional Bancshares, Inc. 4445 Willard Avenue, 10th Floor Chevy Chase, Maryland 20815

(iii) Cynthia Planders —	c/o Congressional Bancshares, Inc. 4445 Willard Avenue, 10th Floor Chevy Chase, Maryland 20815

(iv) Steve Shafran —	c/o Congressional Bancshares, Inc. 4445 Willard Avenue, 10th Floor Chevy Chase, Maryland 20815

(c)    Class 3 (Term Expiry 2024)

(i) Pam Chan —	c/o Congressional Bancshares, Inc. 4445 Willard Avenue, 10th Floor Chevy Chase, Maryland 20815

(ii) Eric Hoffman —	c/o Congressional Bancshares, Inc. 4445 Willard Avenue, 10th Floor Chevy Chase, Maryland 20815

(iii) Christopher Jones —	c/o Congressional Bancshares, Inc. 4445 Willard Avenue, 10th Floor Chevy Chase, Maryland 20815

(iv) Donald Kohn —	c/o Congressional Bancshares, Inc. 4445 Willard Avenue, 10th Floor Chevy Chase, Maryland 20815

ARTICLE VIII

Any action required or permitted to be taken by the holders of any class or series of stock of the Corporation at a meeting, including, without limitation, the election of directors, may be taken without a meeting and prior notice, by signed written consent, delivered to the Corporation, of the holders of such class or series of stock of the Corporation having such minimum number of votes that would be necessary to take such action at a meeting at which all shares entitled to vote thereon were present and voted.

ARTICLE IX

Notwithstanding anything else in this Certificate of Incorporation to the contrary, an affirmative vote of the holders of not less than sixty-six and two thirds percent (66’3%) of the votes of all outstanding shares of capital stock of the Corporation entitled to vote generally in the election of directors shall be required to amend, alter, repeal or adopt any provision of this Certificate of Incorporation (whether by merger, consolidation or otherwise, and whether in a single transaction or a series of related transactions); provided that Article VI and Article XVI shall not be amended, altered or repealed except upon the affirmative vote of not less than 80% of the votes of all outstanding shares of capital stock of the Corporation entitled to vote generally in the election of directors.

ARTICLE X

10.1    Limited Liability of Directors. To the fullest extent authorized by the DGCL, a director of the Corporation shall not be liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except to the extent that such exemption from liability or limitation thereof is not permitted under the DGCL as currently in effect or as the same may hereafter be amended. No amendment, modification or repeal of this Section 10.1

shall adversely affect any right or protection of a director that exists at the time of such amendment, modification or repeal.

10.2    Indemnification. To the fullest extent permitted by the DGCL, the Corporation is authorized to provide indemnification of (and advancement of expenses to) the Corporation’s directors, officers and agents (and any other persons to which the DGCL permits the Corporation to provide indemnification) through the Corporation’s bylaws, agreements with such persons, vote of stockholders or disinterested directors or otherwise, in excess of the indemnification and advancement otherwise permitted by Section 145 of the DGCL, subject only to limits created by applicable Delaware law (statutory or non-statutory), with respect to actions for breach of duty to the Corporation, its stockholders and others, and by any applicable federal or state bank holding company or bank regulatory laws or regulations. The rights to indemnification and to the advancement of expenses conferred in this Section 10.2 shall not be exclusive of any other right which any such person may have or may hereafter acquire under this Certificate of Incorporation, the Corporation’s bylaws, any statute, agreement, insurance policy, vote of stockholders or disinterested directors or otherwise. No amendment, modification or repeal of this Section 10.2 shall adversely affect any right or protection of a director, officer, agent or other person existing at the time of, or increase the liability of any person with respect to any acts or omissions of such person occurring prior to, such amendment, repeal or modification.

ARTICLE XI

11.1    Forum Selection. Unless the Corporation consents in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware shall, to the fullest extent permitted by law, be the sole and exclusive forum for (a) any derivative action or proceeding brought on behalf of the Corporation, (b) any action asserting a claim of breach of a fiduciary duty owed by any director, officer or employee of the Corporation to the Corporation or the Corporation’s stockholders, (c) any action asserting a claim against the Corporation, its directors, officers or employees arising pursuant to any provision of the DGCL, this Certificate of Incorporation or the Corporation’s bylaws, or (d) any action asserting a claim against the Corporation, its directors, officers or employees that is governed by the internal affairs doctrine, in each such case subject to the Court of Chancery having personal jurisdiction over the indispensable parties named as defendants therein and the claim not being one which is vested in the exclusive jurisdiction of a court or forum other than the Court of Chancery or for which the Court of Chancery does not have subject matter jurisdiction. Any person purchasing or otherwise acquiring any interest in any shares of the Corporation’s capital stock shall be deemed to have notice of, and to have consented to, the provisions of this Section 11.1.

11.2    Severability. If any provision of this Certificate of Incorporation shall be held to be invalid, illegal or unenforceable as applied to any circumstance for any reason whatsoever: (a) the validity, legality and enforceability of such provision in any other circumstance and of the remaining provisions of this Certificate of Incorporation (including, without limitation, each portion of any paragraph of this Certificate of Incorporation containing any such provision held to be invalid, illegal or unenforceable that is not itself held to be invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and (b) to the fullest extent possible, the

provisions of this Certificate of Incorporation (including, without limitation, each such portion of any paragraph of this Certificate of Incorporation containing any such provision held to be invalid, illegal, or unenforceable) shall be construed so as to permit the Corporation to protect its directors, officers, employees and agents from personal liability in respect of their good faith service to or for the benefit of the Corporation to the fullest extent permitted by law.

ARTICLE XII

The corporation elects not to be governed by Section 203 of the DGCL, “Business Combinations with Interested Stockholders”, as permitted under and pursuant to subsection (b)(1) thereof.

ARTICLE XIII

Except with respect to “Permitted Transferees” (as defined in the Stockholders’ Agreement), prior to April 13, 2026, no Investor or Key Holder, as such terms are defined in the Stockholder’s Agreement, may sell, offer to sell, pledge, mortgage, hypothecate, encumber, dispose of or transfer any shares of capital stock. of the Corporation without the prior approval of the majority of Board (which consent, on or after April 13, 2024, shall not be unreasonably withheld, conditioned or delayed).

ARTICLE XIV

For purposes of Section 500 of the California Corporations Code (to the extent applicable), in connection with any repurchase of shares of Voting Common Stock permitted under this Certificate of Incorporation from employees, officers, directors or consultants of the Corporation in connection with a termination of employment or services pursuant to agreements or arrangements approved by the Board (in addition to any other consent required under this Certificate of Incorporation), such repurchase may be made without regard to any “preferential dividends arrears amount” or “preferential rights amount” (as those terms are defined in Section 500 of the California Corporations Code). Accordingly, for purposes of making any calculation under California Corporations Code Section 500 in connection with such repurchase, the amount of any “preferential dividends arrears amount” or “preferential rights amount” (as those terms are defined therein) shall be deemed to be zero (0).

The name and mailing address of the incorporator of the Corporation is:

Name	Mailing Address