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Kartoon Studios, Inc. adopted a form of indemnification agreement for its directors and executive officers and…
TOONKartoon Studios, Inc.
Kartoon Studios, Inc. adopted a form of indemnification agreement for its directors and executive officers and implemented several material amendments to its bylaws, including the elimination of stockholder action by written consent and the requirement of a supermajority vote for certain amendments. The new bylaws also establish a classified board of directors, an exclusive forum for legal disputes in Clark County, Nevada, and specific advance notice requirements for director nominations. Kartoon Studios, Inc. is an entertainment company that produces and distributes animated content for children.