The Commonwealth of Massachusetts
William Francis Galvin
Secretary of the Commonwealth
One Ashburton Place, Boston, Massachusetts 02108-1512
ARTICLES OF AMENDMENT
(General Laws, Chapter 156B, Section 72)
We, Marc J. Leder "Vice President"
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and Rodger R. Krouse, "Clerk",
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of Labtec Inc.
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(Exact name of corporation)
located at Boot Cotton Mill, 100 Foot of John Street, Lowell, MA 01852 ,
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(Street address of corporation in Massachusetts)
certify that these Articles of Amendment affecting articles numbered:
Article III
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(Number those articles 1, 2, 3, 4, 5 and/or 6 being amended)
of the Articles of Organization were duly adopted at a meeting held on November
24, 1999, by vote of:
shares of Common Stock of 7,225,863 shares outstanding,
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(type, class & series, if any)
as of the record date
shares of of shares outstanding, and
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(type, class & series, if any)
shares of of shares outstanding, and
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(type, class & series, if any)
1**being at least a majority of each type, class or series outstanding and
entitled to vote thereon:
* Delete the inapplicable words. **Delete the inapplicable clause
1 For amendments adopted pursuant to Chapter 156B, Section 70.
2 For amendments adopted pursuant to Chapter 156B, Section 71.
Note: If the space provided under any article or item on this form is
insufficient, additions shall be set forth on one side only of separate 8 1/2 x
11 sheets of paper with a left margin of at least 1 inch. Additions to more than
one article may be made on a single sheet so long as each article requiring each
addition is clearly indicated.
To change the number of shares and the par value (if any) of any type, class or
series of stock which the corporation is authorized to issue, fill in the
following:
The total presently authorized is:
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WITHOUT PAR VALUE STOCKS WITH PAR VALUE STOCKS
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TYPE NUMBER OF SHARES TYPE NUMBER OF SHARES PAR VALUE
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Common: Common:
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Preferred: Preferred:
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Change the total authorized to:
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WITHOUT PAR VALUE STOCKS WITH PAR VALUE STOCKS
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TYPE NUMBER OF SHARES TYPE NUMBER OF SHARES PAR VALUE
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Common: Common:
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Preferred: Preferred:
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ARTICLE III
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The last two paragraphs of Article III of the Company's Restated
Articles of Organization, as amended, are to be deleted in their entirety and
the following is to be added immediately after the current first paragraph
thereof (which sets forth the number and par value of the Company's authorized
capital stock, none of which is being amended):
"Upon the filing of these Articles of Amendment with the
Massachusetts Secretary of the Commonwealth, each two (2) shares of Common Stock
of the Corporation, $.01 par value per share (the "Common Stock"), issued and
outstanding or held in the treasury of the Corporation shall be consolidated and
combined into one (1) share of Common Stock. There shall be no fractional shares
issued. Stockholders who otherwise would be entitled to receive fractional
shares shall be entitled to receive a cash payment in lieu thereof at a price
equal to the fraction to which the stockholder would otherwise be entitled
multiplied by the closing price of the Common Stock, as reported in The Wall
Street Journal, on the last trading day prior to the filing date of these
Articles of Amendment (or if such price is not available, the average of the
last bid and ask prices of the Common Stock on such day or other price
determined by the Board of Directors). The ownership of a fractional interest
will not give the holder thereof any voting, dividend or other rights except to
receive payment therefor as described herein."
The foregoing amendment(s) will become effective when these Articles of
Amendment are filed in accordance with General Laws, Chapter 156B, Section 6
unless these articles specify, in accordance with the vote adopting the
amendment, a later effective date not more than thirty days after such filing,
in which event the amendment will become effective on such later date.
Later effective date: .
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SIGNED UNDER THE PENALTIES OF PERJURY, this 18th day of November , 1999.
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/s/ Marc J. Leder , Vice President,
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/s/ Rodger R. Krouse , Clerk
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*Delete the inapplicable words.
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THE COMMONWEALTH OF MASSACHUSETTS
ARTICLES OF AMENDMENT
(General Laws, Chapter 156B, Section 72)
I hereby approve the within Articles of Amendment and, the
filing fee in the amount of $100 having been paid, said
articles are deemed to have been filed with me this ___ day of
November 1999.
Effective date:______________________
/s/ William Francis Galvin
WILLIAM FRANCIS GALVIN
Secretary of the Commonwealth
TO BE FILLED IN BY CORPORATION
Photocopy of document to be sent to:
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Telephone:
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