Exhibit
3.2
AMENDED
AND RESTATED
BYLAWS
OF
ENABLE
HOLDINGS, INC.
a
Delaware Corporation
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ARTICLE
I
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Offices
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3
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Section
1.
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Registered
Office
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3
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Section
2.
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Other
Offices
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3
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ARTICLE
II
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Stockholders
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3
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Section
1.
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Place
of Meetings
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3
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Section
2.
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Annual
Meeting
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3
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Section
3.
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List
of Stockholders
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3
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Section
4.
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Special
Meetings
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3
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Section
5.
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Notice
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3
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Section
6.
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Inspectors
of Election
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4
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Section
7.
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Quorum
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4
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Section
8.
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Qualification
of Voters
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4
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Section
9.
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Voting
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5
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Section
10.
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Method
of Voting
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5
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Section
11.
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Record
Date
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5
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Section
12.
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Advance
Notice of Stockholder Nominees for Director and Other Stockholder
Proposals
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5
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ARTICLE
III
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Board
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5
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Section
1.
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Management
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5
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Section
2.
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Qualification;
Election; Term
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5
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Section
3.
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Number
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7
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Section
4.
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Removal
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7
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Section
5.
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Vacancies
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7
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Section
6.
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Place
of Meetings
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7
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Section
7.
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Annual
Meeting
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7
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Section
8.
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Regular
Meetings
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7
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Section
9.
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Special
Meetings
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7
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Section
10.
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Quorum
of Directors; Adjournments; Action by the Board
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8
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Section
11.
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Executive
and Other Committees of Directors
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8
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Section
12.
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Action
by Consent
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8
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Section
13.
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Compensation
of Directors
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8
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ARTICLE
IV
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Notice
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8
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Section
1.
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Form
of Notice
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8
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Section
2.
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Waiver
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9
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ARTICLE
V
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Officers
and Agents
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9
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Section
1.
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Election
of Officers
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9
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Section
2.
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Other
Officers and Agents
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9
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Section
3.
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Compensation
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9
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Section
4.
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Term
of Office and Removal
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9
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Section
5.
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President
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9
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Section
6.
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Vice
Presidents
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9
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Section
7.
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Secretary
and Assistant Secretaries
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9
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Section
8.
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Treasurer
and Assistant Treasurers
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10
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Section
9.
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Checks,
Notes and the Like
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10
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ARTICLE
VI
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Certificates
Representing Shares and Transfers of Shares
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10
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Section
1.
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Form
of Certificates
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10
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Section
2.
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Lost,
Stolen or Destroyed Certificates
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11
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Section
3.
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Transfer
of Shares
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11
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Section
4.
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Registered
Stockholders
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11
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ARTICLE
VII
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General
Provisions
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11
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Section
1.
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Dividends
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11
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Section
2.
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Telephone
and Similar Meetings
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11
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Section
3.
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Books
and Records
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12
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Section
4.
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Fiscal
Year
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12
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Section
5.
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Corporate
Seal
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12
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Section
6.
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Advances
of Expenses
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12
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Section
7.
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Indemnification
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12
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Section
8.
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Insurance
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13
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Section
9.
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Resignation
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13
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Section
10.
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Amendment
of Bylaws
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13
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Section
11.
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Invalid
Provisions
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13
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Section
12.
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Relation
to the Certificate of Incorporation
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13
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AMENDED
AND RESTATED
BYLAWS
OF
ENABLE
HOLDINGS, INC.
OFFICES
STOCKHOLDERS
Section
3. List
of Stockholders.
At
least 10 days before each meeting of stockholders, a complete list of the
stockholders entitled to vote at said meeting, arranged in alphabetical order,
with the address of and the number of voting shares registered in the name
of
each, will be prepared by the Corporation’s officer or agent having charge of
the stock transfer books. Such list will be open to the examination of any
stockholder, for any purpose germane to the meeting, during ordinary business
hours, for a period of at least 10 days prior to the meeting, either at a place
within the city where the meeting is to be held, which place will be specified
in the notice of the meeting, or if not so specified at the place where the
meeting is to be held. Such list will be produced and kept open at the time
and
place of the meeting during the whole time thereof, and will be subject to
the
inspection of any stockholder who may be present. If the right to vote at any
meeting is challenged, the inspector of election, or the person presiding
thereat ,if no such inspector has been appointed, will require such list of
the
stockholders to be produced as evidence of the right of the persons challenged
to vote at such meeting, and all persons who appear from such list to be
stockholders entitled to vote at such meeting may vote.
Section
5. Notice.
Written
notice stating the place, day and time of any meeting of the stockholders and,
in case of a special meeting, the purpose or purposes for which the meeting
is
called and the person calling the special meeting, will be delivered not less
than 10 nor more than 60 days before the date of the meeting, either personally
or by mail, by or at the direction of the Chairman of the Board, the
Corporation’s President, the Corporation’s Secretary, or the officer or person
calling the meeting, to each stockholder of record entitled to vote at the
meeting.
If,
at
any meeting, action is proposed to be taken which, if taken, would entitle
objecting stockholders to receive payment for their shares, the notice shall
include a statement of that purpose and to that effect. When a meeting is
adjourned to another time or place, it shall not be necessary to give any notice
of the adjourned meeting if the time and place to which the meeting is adjourned
are announced at the meeting at which the adjournment is taken. At the adjourned
meeting, any business may be transacted that might have been transacted on
the
original date of the meeting. However, if after the adjournment, the Board
fixes
a new record date for the adjourned meeting, a notice of the adjourned meeting
shall be given to each stockholder of record on the new record date entitled
to
notice under this Section.
The
inspector shall determine the number of shares outstanding and the voting power
of each, the shares represented at the meeting, the existence of a quorum,
and
the validity and effect of proxies, and shall receive votes, ballots or
consents, hear and determine all challenges and questions arising in connection
with the right to vote at the meeting, count and tabulate all votes, ballots
or
consents, determine the results thereof, and do such acts as are proper to
conduct the election or vote with fairness to all stockholders. On request
of
the person presiding at the meeting, or of any stockholder entitled to vote
thereat, the inspector will make a report in writing of any challenge, question
or matter determined by such inspector and will execute a certificate of any
fact found by such inspector. Any report or certificate made by the inspector
shall be prima facie evidence of the facts stated and of any vote certified
by
such inspector.
Section
7. Quorum.
Except
as otherwise provided by law, the Certificate of Incorporation or these Bylaws,
at all meetings of the stockholders, the presence in person or by proxy of
the
holders of a majority of the voting power represented by shares issued and
outstanding and entitled to vote will be necessary and sufficient to constitute
a quorum for the transaction of business; provided that when a specified item
of
business is required to be voted on by a class or series, voting as a class,
the
holders of a majority of the shares of such class or series shall constitute
a
quorum for the transaction of such specified item of business. If, however,
such
quorum is not present or represented at any meeting of the stockholders, a
majority of the stockholders entitled to vote thereat, present in person or
represented by proxy, will have power to adjourn the meeting from time to time,
without notice other than announcement at the meeting, until a quorum is present
or represented. If the adjournment is for more than 30 days, or if after the
adjournment a new record date is fixed for the adjourned meeting, a notice
of
the adjourned meeting will be given to each stockholder of record entitled
to
vote at the meeting. At such adjourned meeting at which a quorum is present
or
represented, any business may be transacted that might have been transacted
at
the meeting as originally notified.
Section
10. Method
of Voting.
Any
stockholder having the right to vote at a meeting of the stockholders, or to
express consent or dissent without a meeting, will be entitled to vote in
person, or by proxy appointed by an instrument in writing subscribed by such
stockholder and bearing a date not more than 3 years prior to such meeting,
or
such expression of consent or dissent without a meeting, unless such instrument
provides for a longer period. Each proxy will be revocable unless expressly
provided therein to be irrevocable and if, and only as long as, it is coupled
with an interest sufficient in law to support an irrevocable power. A proxy
may
be made irrevocable regardless of whether the interest with which it is coupled
is an interest in the stock itself or an interest in the Corporation generally.
The authority of the holder of a proxy to act shall not be revoked by the
incompetence or death of the stockholder who executed the proxy, unless before
the authority is exercised, written notice of an adjudication of such
incompetence or of such death is received by the Corporation’s Secretary. Such
proxy will be filed with the Secretary of the Corporation prior to or at the
time of the meeting. Voting at a meeting on any question or in any election,
other than for directors, may be by voice vote or show of hands unless the
presiding officer orders, or any stockholder demands, that voting be by written
ballot.
Section
11. Record
Date.
The
Board may fix in advance a record date for the purpose of determining
stockholders entitled to notice of or to vote at a meeting of stockholders,
or
to express consent to or dissent from any proposal without a meeting, or for
the
purpose of determining stockholders entitled to receive payment of any dividend
or the allotment of any rights, or for the purpose of any other action. Such
record date will not precede the date upon which the resolution fixing the
record date is adopted by the Board, and such record date will not be less
than
10 nor more than 60 days prior to such meeting, nor more than 60 days prior
to
any other action. In the absence of any action by the Board, the close of
business on the date next preceding the day on which the notice is given will
be
the record date, or, if notice is waived, the close of business on the day
next
preceding the day on which the meeting is held will be the record date. When
a
determination of stockholders of record entitled to notice of or to vote at
any
meeting of stockholders has been made as provided in this Section, such
determination shall apply to any adjournment thereof, unless the Board fixes
a
new record date for the adjourned meeting.
(a) Limitation.
The
action which may be considered by the stockholders at any annual or special
meeting of stockholders of the Corporation shall be limited to only those
actions properly brought before such meeting in compliance with the procedures
set forth in this Section.
(b) Procedure.
For any
action to be properly brought before any annual meeting of stockholders, the
action must be specified in the notice of meeting or the action may be brought
before the meeting by the Board or a stockholder entitled to vote at the
meeting, or by a person (a “Nominee
Holder”)
that
holds such stock through a nominee or “street name” holder of record of such
stock entitled to vote at the meeting who can demonstrate its ownership to
the
Corporation.
(c) Annual
Meetings.
(i) Stockholder
Proposals.
In
addition to any other requirements under applicable law, the Corporation’s
Certificate of Incorporation and these Bylaws, persons nominated by stockholders
for election as directors of the Corporation and any other proposals by
stockholders shall be properly brought before a meeting of stockholders only
if
notice of such proposal (a “Stockholder
Notice”)
is
delivered to the Secretary of the Corporation at the principal executive office
of the Corporation not less than 90 nor more than 120 days prior to the first
anniversary date of the annual meeting for the preceding year. If the annual
meeting is not scheduled to be held within 30 days of such anniversary date,
the
Stockholder Notice shall be delivered to the Secretary of the Corporation by
the
later of the close of business on the date 90 days prior to the meeting date
or
the 10th
day
following the date on which such other meeting date is first publicly
announced.
(ii) Stockholder
Nominees.
Any
stockholder desiring to nominate any person for election as a director of the
Corporation shall deliver, as part of the Stockholder Notice, a statement in
writing setting forth the name of the person to be nominated, the number and
class of all shares of each class of stock of the Corporation owned of record
and beneficially by such person, the information required by paragraphs (a),
(e)
and (f) of Item 401 of Regulation S-K adopted by the Securities and Exchange
Commission (the “SEC”),
regarding such person, the person’s signed consent to serve as a director of the
Corporation if elected, the nominating stockholder’s name and address, the
number and class of all shares of each class of stock of the Corporation owned
of record and beneficially by such stockholder and, in the case of a Nominee
Holder, evidence establishing such Nominee Holder’s indirect ownership of stock
and entitlement to vote such stock for the election of directors.
(iii) Stockholder
Proposals.
Any
stockholder who gives a Stockholder Notice of any proposal (other than a
nomination for director) shall deliver, as part of the Stockholder Notice,
the
text of the proposal to be presented and a brief written statement of the
reasons why such stockholder favors the proposal, the stockholder’s name and
address, the number and class of all shares of each class of stock of the
Corporation owned of record and beneficially by such stockholder, any material
interest of such stockholder in the proposal, and, in the case of a Nominee
Holder, evidence establishing such Nominee Holder’s indirect ownership of stock
and entitlement to vote such stock on the matter proposed.
(d) Special
Meetings.
(i) Procedure.
No
action shall be properly brought before a special meeting of stockholders unless
such item is included in the Corporation’s notice of such meeting.
(ii) Stockholder
Nominees.
In the
event the Corporation calls a special meeting of stockholders for the purpose
of
electing one or more directors to the Board, any stockholder entitled to vote
for the election of such director at such meeting may nominate a person for
election as are specified in the Corporation’s notice of such meeting, but only
if the Stockholder Notice is delivered to the Secretary of the Corporation at
the principal executive office of the Corporation not later than the close
of
business on the 10th
day
following the earlier to occur of the day on which the date of the special
meeting or the names of the nominees proposed by the Board or the number of
directors to be elected shall have been publicly announced.
(e) For
purposes of this Section, a matter shall be deemed to have been “publicly
announced or disclosed” if such matter is disclosed in a press release reported
by the Dow Jones News Service, the Associated Press or a comparable national
news service or in a document publicly filed by the Corporation with the
SEC.
(f) In
no
event shall the adjournment of an annual meeting or a special meeting, or any
announcement thereof, commence a new period for the giving of notice as provided
in this Section. This Section shall not apply to (i) any stockholder proposal
made pursuant to Rule 14a-8 under the Exchange Act or (ii) any nomination of
a
director in an election in which only the holders of one or more series of
Preferred Stock of the Corporation issued pursuant to the certificate of
incorporation are entitled to vote (unless otherwise provided in the terms
of
such stock).
(g) The
chairman of any meeting of stockholders, in addition to making any other
determinations that may be appropriate to the conduct of the meeting, shall
have
the power and duty to determine whether notice of nominees and other matters
proposed to be brought before a meeting has been duly given in the manner
provided in this Section and, if not so given, shall direct and declare at
the
meeting that such nominees and other matters shall not be
considered.
BOARD
Section
10. Quorum
of Directors; Adjournments; Action by the Board.
At all
meetings of the Board, the presence of a majority of the entire Board will
constitute a quorum for the transaction of business, and the vote of a majority
of the Directors present at a meeting at the time of such vote, if a quorum
is
then present, will be the act of the Board, except as may be otherwise
specifically provided by law, the Certificate of Incorporation or these Bylaws.
A majority of the directors present, whether or not a quorum is present, may
adjourn any meeting to another time and place. Notice of any adjournment of
a
meeting to another time or place shall be given to the directors who were not
present at the time of adjournment and, unless such time and place are announced
at the meeting, to the other directors.
Section
11. Executive
and Other Committees of Directors.
The
Board may, by resolution passed by a majority of the entire Board, designate
from among its members an executive committee and other committees, each
committee to consist of two or more Directors, which committees will have such
power and authority and will perform such functions as may be provided in such
resolution, except that no such committee shall have the authority as to any
of
the following matters: (i) the submission to stockholders of any action that
needs stockholders’ approval; (ii) the filling of vacancies in the Board or in
any committee; (iii) the fixing of compensation of the directors for serving
on
the Board or on any committee; (iv) the amendment or repeal of the Bylaws,
or
the adoption of new Bylaws; (v) the amendment or repeal of any resolution of
the
Board which, by its terms, shall not be so amendable or repealable; or (vi)
the
indemnification of any director. The Board may designate one or more directors
as alternate members of such committee, who may replace any absent member or
members at any meeting of such committee. Unless a greater proportion is
required by the resolution designating a committee, a majority of the entire
authorized number of members of such committee will constitute a quorum for
the
transaction of business, and the vote of a majority of the members present
at a
meeting at the time of such vote, if a quorum is then present, will be the
act
of such committee. Each such committee will serve at the pleasure of the Board,
will have such name as may be designated by the Board and will keep regular
minutes of its proceedings and report the same to the Board when
required.
NOTICE
Section
2. Waiver.
Whenever any notice is required to be given to any stockholder or director
of
the Corporation as required by law, the Certificate of Incorporation or these
Bylaws, a waiver thereof in writing signed by the person entitled to such notice
or a proxy, whether before or after the time stated in such notice, will be
equivalent to the giving of such notice. Attendance of a stockholder or director
at a meeting will constitute a waiver of notice of such meeting, except where
such stockholder or director attends for the express purpose of objecting,
at
the beginning of the meeting, to the transaction of any business on the ground
that the meeting has not been lawfully called or convened.
OFFICERS
AND AGENTS
The
Assistant Secretary, or if there be more than one, the Assistant Secretaries
in
the order designated by the Board, or in the absence of any designation, then
in
the order of their election, in the absence of the Secretary or in the event
of
the Secretary’s inability or refusal to act, will perform the duties and
exercise the powers of the Secretary and will perform such other duties and
have
such other powers as the Board may from time to time prescribe.
If
required by the Board, the Treasurer shall give the Corporation a bond in such
sum and with such surety or sureties as shall be satisfactory to the Board
for
the faithful performance of the duties of the office of Treasurer, and for
the
restoration to the Corporation, in the case of the Treasurer’s death,
resignation, retirement or removal from office, of all books, papers, vouchers,
money and other property of whatever kind in the possession or under the control
of the Treasurer belonging to the Corporation.
The
Assistant Treasurer, or if there be more than one, the Assistant Treasurers
in
the order designated by the Board, or in the absence of any designation, then
in
the order of their election, in the absence of the Treasurer or in the event
of
the Treasurer’s inability or refusal to act, will perform the duties and
exercise the powers of the Treasurer and will perform such other duties and
have
such other powers as the Board may from time to time prescribe.
Section
9. Checks,
Notes and the Like.
All
checks and drafts on, and withdrawals from the Corporation’s accounts with banks
or other financial institutions, and all bills of exchange, notes and other
instruments for the payment of money, drawn, made, endorsed, or accepted by
the
Corporation, shall be signed on its behalf by the person or persons thereunto
authorized by, or pursuant to resolution of, the Board.
CERTIFICATES
REPRESENTING SHARES AND TRANSFERS OF SHARES
Section
1. Form
of Certificates.
The
shares of the Corporation will be represented by certificates, in such forms
as
the Board may prescribe, signed by the President, or a Vice President, and
the
Secretary, or an Assistant Secretary, or the Treasurer, or an Assistant
Treasurer. The shares may be sealed with the seal of the Corporation or a
facsimile thereof. The signatures of the officers upon a certificate may be
facsimiles if the certificate is countersigned by a transfer agent or registered
by a registrar other than the Corporation or its employee. In case any officer
who has signed or whose facsimile signature has been placed upon a certificate
will have ceased to be such officer before such certificate is issued, it may
be
issued by the Corporation with the same effect as if he were such officer at
the
date of issue. Each certificate representing shares issued by the Corporation
will set forth upon the face or back of the certificate, or shall state that
the
Corporation will furnish to any stockholder upon request and without charge,
a
full statement of the designation, relative rights, preferences and limitations
of the shares of each class of shares, if more than one, authorized to be issued
and the designation, relative rights, preferences and limitations of each series
of any class of preferred shares authorized to be issued so far as the same
have
been fixed, and the authority of the Board to designate and fix the relative
rights, preferences and limitations of other series. Each certificate
representing shares shall state upon the face thereof: (i) that the Corporation
is formed under the laws of the State of Delaware; (ii) the name of the person
or persons to whom issued; and (iii) the number and class of shares, and the
designation of the series, if any, which such certificate
represents.
Section
2. Lost,
Stolen or Destroyed Certificates.
No
certificate for shares of the Corporation will be issued in place of any
certificate alleged to have been lost, destroyed or wrongfully taken, except,
if
and to the extent required by the Board upon: (i) production of evidence of
loss, destruction or wrongful taking; (ii) delivery of a bond indemnifying
the
Corporation and its agents against any claim that may be made against it or
them
on account of the alleged loss, destruction or wrongful taking of the replaced
certificate or the issuance of the new certificate; (iii) payment of the
expenses of the Corporation and its agents incurred in connection with the
issuance of the new certificate; and (iv) compliance with other such reasonable
requirements as may be imposed. When a certificate has been lost, apparently
destroyed or wrongfully taken, and the holder of record fails to notify the
Corporation within a reasonable time after such holder has notice of it, and
the
Corporation registers a transfer of the shares represented by the certificate
before receiving such notification, the holder of record is precluded from
making any claim against the Corporation for the transfer of a new
certificate.
GENERAL
PROVISIONS
Section
3. Books
and Records.
The
Corporation will keep correct and complete books and records of account and
minutes of the proceedings of its stockholders, Board and any committees of
directors and a current list of the directors and officers and their residence
addresses. The Corporation will keep at its registered office or principal
place
of business, or at the office of its transfer agent or registrar, a record
of
its stockholders, giving the names and addresses of all stockholders and the
number and class of the shares held by each and the dates when they respectively
became the owners of record thereof. The Board may determine whether and to
what
extent and at what times and places and under what conditions and regulations
any accounts, books, records or other documents of the Corporation will be
open
to inspection, and no creditor, security holder or other person will have any
right to inspect any accounts, books, records or other documents of the
Corporation except as conferred by statute or as so authorized by the
Board.
Section
6. Advances
of Expenses.
The
Corporation will advance to its directors and officers expenses incurred by
them
in connection with any “Proceeding,” which term includes any threatened, pending
or completed action, suit or proceeding, whether brought by or in the right
of
the Corporation or otherwise and whether of a civil, criminal, administrative
or
investigative nature (including all appeals therefrom), in which a director
or
officer may be or may have been involved as a party or otherwise, by reason
of
the fact that he is or was a director or officer of the Corporation, by reason
of any action taken by him or of any inaction on his part while acting as such,
or by reason of the fact that he is or was serving at the request of the
Corporation as a director, officer, trustee, employee or agent of another
corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise (“Official,”
which
term also includes directors and officers of the Corporation in their capacities
as directors and officers of the Corporation), whether or not he is serving
in
such capacity at the time any liability or expense is incurred; provided that
the Official undertakes to repay all amounts advanced unless: (i) in the case
of
all Proceedings other than a Proceeding by or in the right of the Corporation,
the Official establishes to the satisfaction of the disinterested members of
the
Board that he acted in good faith or in a manner he reasonably believed to
be in
or not opposed to the best interests of the Corporation and, with respect to
any
criminal proceeding, that he did not have reasonable cause to believe his
conduct was unlawful; provided that the termination of any such Proceeding
by
judgment, order of court, settlement, conviction, or upon a plea of nolo
contendere or its equivalent, shall not by itself create a presumption as to
whether the Official acted in good faith or in a manner he reasonably believed
to be in or not opposed to the best interests of the Corporation or, with
respect to any criminal proceeding, as to whether he had reasonable cause to
believe his conduct was unlawful; or (ii) in the case of a Proceeding by or
in
the right of the Corporation, the Official establishes to the satisfaction
of
the disinterested members of the Board that he acted in good faith or in a
manner he reasonably believed to be in or not opposed to the best interests
of
the Corporation; provided that if in such a Proceeding the Official is adjudged
to be liable to the Corporation, all amounts advanced to the Official for
expenses must be repaid except to the extent that the court in which such
adjudication was made shall determine upon application that despite such
adjudication, in view of all the circumstances, the Official is fairly and
reasonably entitled to indemnity for such expenses as the court may deem
proper.