Exhibit 3.1
AMENDMENT NO. 1 TO THEBY-LAWS OF
CATALYST PHARMACEUTICALS, INC.
WHEREAS, Article IX, Section 1 of the Certificate of Incorporation of Catalyst Pharmaceuticals, Inc. (the “Corporation”) and Section 7.6 of the currentBy-Laws of the Corporation (the “By-Laws”) provide that theBy-Laws may be amended by the Corporation’s Board of Directors (the “Board of Directors”); and
WHEREAS,the Board of Directors is desirous of amending theBy-Laws.
NOW, THEREFORE, theBy-Laws of the Corporation are hereby amended as follows:
1. Section 1.7 of theBy-Laws is hereby amended by deleting that section in its entirety and substituting in lieu thereof the following:
Section 1.7Voting; Proxies
(A) Except as otherwise provided by or pursuant to the provisions of the certificate of incorporation, each stockholder entitled to vote at any meeting of stockholders shall be entitled to one vote for each share of stock held by such stockholder which has voting power upon the matter in question. Each stockholder entitled to vote at a meeting of stockholders or to express consent to corporate action in writing without a meeting may authorize another person or persons to act for such stockholder by proxy, but no such proxy shall be voted or acted upon after three years from its date, unless the proxy provides for a longer period. A proxy shall be irrevocable if it states that it is irrevocable and if, and only as long as, it is coupled with an interest sufficient in law to support an irrevocable power. A stockholder may revoke any proxy which is not irrevocable by attending the meeting and voting in person or by delivering to the Secretary of the corporation a revocation of the proxy or a new proxy bearing a later date. Voting at meetings of stockholders need not be by written ballot.
(B) Unless authorized by law, the certificate of incorporation, or theseby-laws, the election of directors shall be decided by a majority of the votes cast at a meeting of the stockholders by the holders of stock entitled to vote in the election; provided, however, that if the Secretary of the Corporation determines that the number of nominees for director exceeds the number of directors to be elected, directors shall be elected by a plurality of the votes of the shares represented in person or by proxy at any meeting of stockholders held to elect directors and entitled to vote on such election of directors. For purposes of this Section 1.7(B), a majority of the votes cast means that the number of votes “for” a nominee must exceed the votes cast “against” such nominee’s election, without taking into account abstentions
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