8-KThe WireRoutine
Bylaw Amendment
Filed May 16, 2025 · 1y ago · Accession 0001104659-25-050072
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Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
May 15, 2025
Tesla, Inc.
(Exact Name of Registrant as Specified in Charter)
Texas
001-34756
91-2197729
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
1 Tesla Road
Austin , Texas 78725
(Address of Principal Executive Offices, and
Zip Code)
( 512 ) 516-8177
Registrant’s Telephone Number, Including
Area Code
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction
A.2. below):
¨
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
¨
Pre-commencement communication pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communication pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
stock
TSLA
The Nasdaq Global
Select Market
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ¨
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On May 15, 2025, following the effectiveness
of amendments to the Texas Business Organizations Code and in light of Texas law, the Board of Directors of Tesla, Inc. (“Tesla”)
adopted certain amendments to Tesla’s Bylaws (the “Bylaws”) in order to:
(i) add a new section to provide for a jury trial waiver for “internal entity claims” as defined in the Texas Business Organizations
Code;
(ii) add a new section to adopt an ownership threshold requiring any shareholder or group of shareholders to hold shares of common stock
sufficient to meet an ownership threshold of at least 3% of Tesla’s issued and outstanding shares in order to institute or maintain
a derivative proceeding; and
(iii) make technical revisions to clarify the scope of the exclusive forum provision.
The Bylaw amendments, adopted in accordance with
Texas law, became effective on May 15, 2025.
The foregoing description is qualified in its entirety
by reference to the amended Bylaws filed as Exhibit 3.1 to this Report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
3.1
Amended and Restated Bylaws of Tesla, Inc .
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TESLA, INC.
By:
/s/ Brandon Ehrhart
Brandon Ehrhart
General Counsel and Corporate Secretary
Date: May 16, 2025
Filing details
- Company
- Tesla, Inc.
- Ticker
- TSLA
- CIK
- 1318605
- Form type
- 8-K
- Filing date
- May 16, 2025
- Report date
- May 15, 2025
- Document
- tm2515421d1_8k.htm
- Size
- 474 KB