Exhibit 3.9
CERTIFICATE OF RESTATED
ARTICLES OF INCORPORATION
OF
AMERICAN GUIDANCE SERVICE, INC.
The undersigned, being the President of AMERICAN GUIDANCE
SERVICES, INC., a Minnesota corporation subject to the provisions of Chapter
302A of the Minnesota Statutes, known as the Minnesota Business Corporation Act,
does hereby certify that pursuant to a Written Action taken in accordance with
Section 302A.441 of the Minnesota Business Corporation Act effective as of the
26th day of June, 1990, the following resolution was unanimously adopted by the
Company's shareholders entitled to vote thereon and these Restated Articles of
Incorporation supersede and take the place of existing Articles of Incorporation
and all amendments thereto:
RESOLVED, that the Articles of Incorporation of AMERICAN GUIDANCE
SERVICE, INC. be, and the same are hereby restated and the following Restated
Articles of Incorporation take the place of and supersede the existing Articles
of Incorporation and all amendments thereto, pursuant to Minnesota Statutes
Section 302A.135, subd. 4, to read as follows:
ARTICLE 1. NAME
The name of the Corporation is AMERICAN GUIDANCE SERVICE, INC.
ARTICLE 2. REGISTERED OFFICE
The address of the registered office of the Corporation is Publishers'
Building, Circle Pines, Minnesota 55014.
ARTICLE 3. AUTHORIZED SHARES
The number of shares which the Corporation shall have authority to
issue, itemized by class and par value of the shares, if any, is:
CLASS SHARES PAR VALUE
Class A Common Stock 10,000,000 $.01 Par Value
Class B Common Stock 1,000,000 $.01 Par Value
Class C Common Stock 5,000,000 $.01 Par Value
ARTICLE 4. PREFERENCES, LIMITATIONS AND
RELATIVE RIGHTS OF AUTHORIZED SHARES
The preferences, limitations, designation and relative rights of each
class of stock of the Corporation shall be identical with regard to dividend
rights, preferences on liquidation and all other respects except as more
specifically set forth as follows:
1. The shares of Class A Common Stock shall be voting
stock and shall be entitled to dividends if and
when declared by the Board of Directors; and
2. The shares of Class B Common Stock shall be voting stock and
shall be entitled to dividends if and when declared by the
Board of Directors.
3. The shares of Class C Common Stock shall be nonvoting stock
and shall be entitled to dividends if and when declared by the
Board of Directors.
The Board of Directors may declare dividends with respect to only one
class of stock and shall not be required to declare dividends with respect to
all classes of stock. If dividends are declared with respect to only one class
of stock, other than Class A common stock, the dividends must also be declared
with respect to the shares of Class A Common Stock. The shares of the Class B
Common Stock and Class C Common Stock may not be owned by an Employee Stock
Ownership Plan and Trust ("ESOP") as defined in Sections 401 and 4975(e)(7) of
the Internal Revenue Code of 1986, as amended (the "Code"). In the event any
shares of the Class B Common Stock or Class C Common Sock are sold, distributed,
or otherwise transferred or disposed of to an ESOP, such stock shall immediately
be converted to Class A Common Stock on a share for share basis. The Class B
Common Stock and the Class C Common Stock may be converted at any time, on a
share for share basis, to Class A Common Stock, at the sole discretion of a
shareholder, by giving thirty (30) days advance notice to the Corporation of the
shareholder's desire to convert his or her shares upon delivering his or her
Class B or Class C Common Stock Certificates to the Secretary of the
Corporation. Upon receipt of such notice and the appropriate Class B or Class C
Common Stock Certificates, the Secretary of the Corporation will issue new Class
A Common Stock Certificates to such shareholder.
ARTICLE 5. NO CUMULATIVE VOTING
There shall be no cumulative voting by the shareholders of the
Corporation.
ARTICLE 6. NO PREEMPTIVE RIGHTS
The shareholders of the Corporation shall not have preemptive rights.
ARTICLE 7. DIRECTOR LIABILITY
A director of the Corporation shall not be personally liable to the
Corporation or its shareholders for monetary damages for breach of fiduciary
duty as a director, except for (i) liability based on a breach of the director's
duty of loyalty to the Corporation or its shareholders; (ii) liability for acts
or omissions not in good faith or that involve intentional misconduct or a
knowing violation of law; (iii) liability under Sections 302A.559 or 802.23 of
the Minnesota Business Corporation Act or on violations of federal or state
securities laws; (iv) liability for any transaction from which the director
derived an improper personal benefit; or (v) liability for any act or omission
occurring prior to the date this Article 7 becomes effective. If Chapter 302A,
the Minnesota Business Corporation Act, hereafter is amended to authorize the
further elimination or limitation of the liability of directors, then the
liability of a director of the Corporation in addition to the limitation on
personal liability provided herein, shall be eliminated or limited to the
fullest extent permitted by the amended Chapter 302A, the Minnesota Business
Corporation Act as amended. Any repeal or modification of this Article by the
shareholders of the Corporation shall be prospective only and shall not
adversely affect any limitation on the personal liability of a director of the
Corporation existing at the time of such repeal or modification.
IN WITNESS WHEREOF, I have subscribed my name this 26th day of June,
1990.
/s/ John P. Yackel
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John P. Yackel, the President of
American Guidance Service, Inc.