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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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.

2.13    Action by Written Consent. Unless otherwise restricted by the Charter, any action required or permitted to be taken at a meeting of the Board of Directors may be taken without a meeting, if a unanimous written consent which sets forth the action is signed by each member of the Board and filed with the minutes of proceedings of the Board.

2.14    Compensation of Directors. Each Director shall be entitled to receive

compensation, if any, as may from time to time be fixed by the affirmative vote of Directors constituting at least two-thirds (2/3rds) of the entire Board of Directors, including a fee for each meeting of the Board or any committee thereof, regular or special, he attends. Directors may also be reimbursed by the Corporation for all reasonable expenses incurred in traveling to and from the place of a Board or committee meeting.

2.15    Committees. The Board of Directors may, by resolution passed by a majority of the entire Board, designate an executive and one or more other committees. Each committee shall consist of one or more of the Directors of the Corporation, which, to the extent provided in the resolution and as permitted by law, shall have and may exercise the powers of the Board of Directors. Such committee or committees shall have such names as may be determined from time to time by resolution adopted by the Board of Directors.

The Board of Directors shall appoint an NCG Committee, which shall be composed of at least three directors. The Board shall appoint to the committee (a) one of the Delaney Designees (as defined in the Stockholders’ Agreement), which such Delaney Designee shall be selected by John Delaney, (b) the most recently elected director designated pursuant to Section 3.2(e) of the Stockholders’ Agreement (who at the time of adoption of these Bylaws shall be deemed to be Christopher Jones) and (c) one Investor Designee (as defined in the Stockholders’ Agreement), rotating each year between first, a BVA Designee, second, a CBE and third a GPC Designee (in each case as defined in the Stockholders’ Agreement) (who at the time of adoption of these Bylaws shall be deemed to be Cliff Brokaw). The NCG Committee shall nominate for election or

appointment as directors those individuals designated as director nominees pursuant to Section 3.2 of the Stockholders’ Agreement (other than the Independent Director (as defined in the Stockholders’ Agreement)).

At least thirty days prior to the expiration of each term of the Independent Director, the Board of Directors shall appoint a Special Nominating and Governance Committee, which shall be composed of four directors as follows: (a) one Delaney Designee, (b) one BVA Designee, (c) one CBE Designee and (d) one GPC Designee (in each case as defined in the Stockholders’ Agreement). Upon the expiration of the term of the Independent Director, the Special Nominating and Governance Committee shall either (x) nominate for re-election, or re-appointment, the Independent Director, or (y) nominate a director selected in accordance with Section 3.2(c) of the Stockholders’ Agreement, and after such nomination the Special Nominating and Governance Committee shall be dissolved.

The Board of Directors shall appoint an Audit Committee, which shall be composed of at least three directors, including (i) at least one Delaney Designee; provided that if no Delaney Designee is eligible to serve on the Audit Committee, the director who shall serve in place of one Delaney Designee shall be selected by John Delaney so long as that individual is eligible to serve on the Audit Committee, and (ii) at least one Investor Designee, rotating annually between first, a CBE Designee, second, a GPC Designee and third, a BVA Designee. Any Investor (as defined in the Stockholders’ Agreement) who did not designate the Investor Designee appointed to the Audit Committee, shall have the right, but not the obligation, to designate one of its respective Investor Designees as a non-voting observer to such committee.

In the event that the Board of Directors appoints any additional committees of the Board (including an executive committee), to the extent permitted by applicable regulatory requirements, at least one Investor Designee shall serve on such committee, rotating annually between a GPC Designee, a BVA Designee and a CBE Designee.

Notice of committee meetings shall be given in the same manner as notice for special meetings of directors. A majority of the members of a committee, if there are three or more members of the committee, or all of the members of the committee, if there are less than three members, shall constitute a quorum for the transaction of any business at any meeting of the committee. The act of a majority of the committee members, if there are three or more committee members present, or all of the committee members, if there are less than three committee members present, shall be the act of the committee. The Board of Directors may designate a chairman of any committee, and such chairman or any two members of the committee, if the committee has at least two members, or the sole member of the committee, if the committee has one member, may fix the time and place of its meeting unless the Board shall otherwise provide. Each committee shall keep regular minutes of its meetings and report the same to the Board of Directors when required. The members of a committee present at any meeting, whether or not they constitute a quorum, may appoint a Director to act in the place of an absent member.

2.16    Honorary Directors; Directors Emeritus. The Board of Directors may from time to time designate and appoint one or more qualified persons to the position of “Honorary Director” or “Director Emeritus.” Each Honorary Director or Director Emeritus shall serve for such term as

shall be specified in the resolution of the Board of Directors appointing him or until his earlier death, resignation or removal. An Honorary Director or Director Emeritus may be removed from such position with or without cause by the vote of a majority of the Board of Directors given at any regular or special meeting. An Honorary Director or Director Emeritus may be invited to attend all meetings of the Board of Directors but shall not be present at any portion of a meeting from which the Honorary Director or Director Emeritus shall have been excluded by vote of the Directors. An Honorary Director or Director Emeritus shall not be a “Director” or “Officer” within the meaning of the Corporation’s Charter, or of these Bylaws; shall not be deemed to be a member of the Board of Directors for purposes of the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended; shall not hold himself out as any of the foregoing; and shall not be liable to any person for any act of the Corporation. Notice of regular or special meetings may be given to an Honorary Director or Director Emeritus but the failure to give such notice shall not affect the validity of any meeting or the action taken thereat. An Honorary Director or Director Emeritus shall not have the powers of a Director, may not vote at meetings of the Board of Directors, and shall not take part in the operation or governance of the Corporation. An Honorary Director or Director Emeritus shall be entitled to receive compensation, if any, as may from time to time be fixed by the Board of Directors, and may also be reimbursed for expenses incurred in attending meetings of the Board of Directors or otherwise.

ARTICLE III

OFFICERS