KEMET Corporation Provides Earnings Guidance for the Third Quarter of 2019; Reports Unaudited Consolidated Loss on Write Down and Disposal of Long-Lived Assets for the Quarter Ended September 30, 2019; Approves and Adopts the Second Amended and Restated By-Laws
For the quarter ended September 30, 2019, the company reported unaudited consolidated loss on write down and disposal of long-lived assets of $59,000 against $312,000 a year ago.
At a meeting of the board of directors of the Company held on November 11, 2019, the Board approved and adopted the Second Amended and Restated By-laws of the Company, dated November 11, 2019 (the Amended By-laws"), which became effective immediately upon approval of the Board and which supersede and replace the existing by-laws of the Company. The Amended By-laws include a new Article IX containing a forum selection by-law.