Exhibit 3.1
AMENDED AND RESTATED
REGULATIONS
OF
OGLEBAY NORTON COMPANY
OFFICES
1. The principal office of the Corporation in the State of Ohio is located in
the City of Cleveland, Cuyahoga County or such other place as may be specified
in the Corporation's articles of incorporation as amended from time to time. The
Corporation may also have such other offices at such other places, either within
or without the State of Ohio, as the Board of Directors may from time to time
designate or the business of the Corporation may require.
SEAL
2. The Corporation may adopt a corporate seal, but failure to affix the
corporate seal shall not affect the validity of any instrument. The corporate
seal, if any, shall have inscribed thereon the name of the Corporation. Said
seal may be used by causing it, or a facsimile thereof, to be impressed,
affixed, or otherwise reproduced.
SHAREHOLDERS' MEETINGS
3. All meetings of the shareholders may be held at such place, if any, within
or without the State of Ohio as shall be designated in the call for such
meeting.
4. The annual meeting of the shareholders shall be held at such date, time
and place as shall be designated from time to time by the Board of Directors in
the call for such meeting, and at such meeting the shareholders shall elect a
Board of Directors and transact such other business as may properly be brought
before the meeting.
5. The holders of a majority of the outstanding shares of the Corporation
present in person or represented by proxy shall constitute a quorum at all
meetings of the shareholders for the transaction of business, except as
otherwise provided by law, by the Articles of Incorporation, or by these
Regulations; provided, however, that no action required by law, by the Articles
of Incorporation, or by these Regulations to be authorized or taken by a
designated proportion of the shares of the Corporation may be authorized or
taken by a lesser proportion; and provided, further, that, if a quorum shall not
be present or represented at any meeting of the shareholders, the holders of a
majority of the voting shares present or represented thereat shall have power to
adjourn the meeting, from time to time, without notice other than announcement
at the meeting, until the requisite number of shares shall be present or
represented. At such adjourned meeting, at which the requisite number of shares
shall be present or represented, any business may be transacted which might have
been transacted at the meeting as originally notified.
6. At each meeting of the shareholders, every shareholder having the right to
vote shall be entitled to vote in person or by proxy in accordance with Ohio
law. In all elections of Directors, each shareholder shall be entitled to vote
cumulatively, subject to the notice requirements of the Ohio General Corporation
Law, and to give one candidate as many votes as the number of Directors to be
elected multiplied by the number of his or her votes, or to distribute his or
her votes on the same principle among two or more candidates, as he or she sees
fit. On the demand of any shareholder, the vote upon any question before the
meeting shall be by ballot. All elections shall be had and all questions decided
by a plurality vote, except as otherwise required by law, the Articles of
Incorporation or by these Regulations.
7. Written notice of the annual meeting, stating the time, place and object
thereof, shall be sent to each shareholder entitled to vote thereat not less
than ten or more than sixty days prior to the meeting.
8. Upon request of any shareholder at any meeting of shareholders, a complete
list, or classified lists, of the shareholders of record, arranged in
alphabetical order and showing the address of each and the number of shares
registered in the name of each, shall be produced at the meeting and open to the
examination of any shareholder who may be present at the meeting.
9. Special meetings of the shareholders for any purpose or purposes, unless
otherwise prescribed by law, may be called by the Chairman of the Board, by the
President, by the Directors by action at a meeting or a majority of the
Directors acting without a meeting, or by persons who hold fifty percent of all
shares outstanding and entitled to vote at the meeting. The Board of Directors
may fix the place, if any, of any special meeting.
10. Business transacted at all special meetings shall be confined the objects
stated in the notice.
11. Written notice of any special meeting of the shareholders stating the
time, place and object thereof, shall be mailed, postage prepaid, not less than
ten or more than sixty days before such meeting, to each shareholder entitled to
vote thereat, at such address as appears on the books of the Corporation.
DIRECTORS
12. The property and business of this Corporation shall be managed by its
Board of Directors, consisting of such number of members, not less, however,
than three, as the shareholders may determine at any annual or special meeting
called for the purpose of electing Directors at which a quorum is present, by
the affirmative vote of a majority of the shares which are represented at the
meeting and entitled to vote on such proposal, or as the Directors may determine
from time to time. Whenever the number of Directors shall have been so
determined, such number shall be deemed the authorized number of Directors until
the same shall be changed by vote of the shareholders as aforesaid or by the
Directors. Directors need not be shareholders. They shall be elected at the
annual meeting of the shareholders, and each Director shall be elected to serve
until his successor shall be elected and shall qualify. No Director may be
removed from the Board other than for cause.
13. In addition to the powers and authorities by these Regulations expressly
conferred upon them, the Directors may exercise all such powers of the
Corporation and do all such lawful acts and things as are not by law, by the
Articles of Incorporation, or by these Regulations directed or required to be
exercised or done by the shareholders.
VACANCIES
14. If the office of any Director or Directors becomes vacant by reason of
death, resignation, retirement, disqualification or otherwise, or if the number
of Directors is increased in accordance with these Regulations, the remaining
Directors, though less than a quorum, may choose a successor or successors who
shall hold office until the next annual meeting of shareholders.
MEETINGS OF THE BOARD
15. Regular or special meetings of the Board may be called by the Chairman of
the Board or by the President on one day's notice to each Director, either
personally or by mail, telegram, cablegram, overnight delivery service, or any
other means of communication authorized by the director receiving the notice.
Special meetings shall be called by the President or Secretary in like manner
and on like notice on the written request of two Directors.
16. At all meetings of the Board, a majority of the Directors shall be
necessary and sufficient to constitute a quorum for the transaction of business,
and the act of a majority of the Directors present at any meeting at which there
is a quorum shall be the act of the Board of Directors, except as may be
otherwise specifically provided by law, by the Articles of Incorporation, or by
these Regulations.
ACTION WITHOUT A MEETING
17. Any action required or permitted to be taken at any meeting of the Board
of Directors or any committee thereof may be taken without a meeting if, prior
to such action, a written consent thereto is signed by all members of the Board
or of such committee, as the case may be, and such written consent is filed with
the minutes of proceedings of the Board or committee.
COMMITTEES
18. The Board of Directors shall by resolution appoint an Executive Committee
consisting of not less than four or more than eight Directors of the
Corporation, as the Board shall determine, together with such alternates as the
Board may deem advisable. The Executive Committee shall meet as called by either
the Chairman of that Committee or the Secretary of the Company, at such place or
places as they may from time to time determine. The Executive Committee shall
have and may exercise all of the powers and authority of the Board of Directors
in the management of the business and affairs of the Corporation, other than the
filling of vacancies among the Directors or in any committee of the Directors,
when the Board is not in session, subject to any specific resolutions of the
Board of Directors. Unless otherwise ordered by the Board of Directors, the
Executive Committee may prescribe its own rules for calling and holding meetings
and for its own procedures and may act at a meeting by a majority of its members
or without a meeting by written consent of all of its members. The Executive
Committee shall cause the Secretary to keep full and complete records of all
meetings and actions, which shall be open to inspection. by any Director. Each
member of the Executive Committee and each alternate shall hold office during
the pleasure of the Board of Directors.
19. The Board of Directors may by resolution appoint one or more additional
committees, each committee to consist of one or more Directors and to have such
authority and to perform such duties as may from time to time be determined by
the Board of Directors.
COMPENSATION OF DIRECTORS AND COMMITTEE MEMBERS
20. The Directors, by the affirmative vote of a majority of those in office,
shall have the authority to establish reasonable compensation for services to
the Corporation by Directors and committee members.
OFFICERS
21. The Board of Directors shall elect a Chairman of the Board, a President,
one or more Vice Presidents, any one or more of whom may be designated Executive
Vice Presidents and any one or more of whom may be designated Senior Vice
Presidents, a Treasurer and a Secretary. The Board of Directors may elect such
other officers as in its discretion it deems necessary. The Chairman of the
Board and any Vice Chairman of the Board, shall be Directors, but no other one
of the officers need be a Director. Any two, but not more than two, of such
offices may be held by the same person. Officers elected by the Board of
Directors shall hold office until their successors are chosen and qualified in
their stead. Any officer elected by the Board of Directors shall hold office
during the pleasure of the Board. If the office of any officer or officers
becomes vacant, the vacancy may be filled by the Board of Directors.
CHAIRMAN OF THE BOARD
22. The Chairman of the Board shall preside at all meetings of the Board of
Directors and shall have such other authority and perform such other duties as
may be determined by the Board of Directors.
PRESIDENT
23. The President, or such other person as designated by the Board of
Directors, shall preside at all meetings of the shareholders. Subject to
directions of the Board of Directors, he shall have general executive authority
and responsibility with respect to the business and affairs of the Corporation,
and shall have such other authority and perform such other duties as may be
determined by the Board of Directors.
SECRETARY
24. The Secretary, or another person designated by the Board of Directors,
shall record all of the proceedings of the meetings of the shareholders, the
Board of Directors, and the Executive Committee. He shall keep such other books
as may be required by the Board of Directors, shall give notices of meetings of
the shareholders, the Board, and the Executive Committee required by law, by
these Regulations, or otherwise, shall attest, on behalf of the Corporation, all
documents requiring the attestation of the Secretary, and shall have such
authority and perform such other duties as may be determined by the Board of
Directors.
TREASURER
25. The Treasurer shall receive and have in charge all money, bills, notes,
bonds, shares in other Corporations, and similar property belonging to the
Corporation, and shall hold and dispose of the same as may be ordered by the
Board of Directors. He shall keep accurate financial accounts and hold the same
open for the inspection and examination of the Directors and shall have such
authority and perform such other duties as may be determined by the Board of
Directors.
OTHER OFFICERS
26. The Vice Presidents, Assistant Secretaries, and the Assistant Treasurers,
if any, and any other officers whom the Board of Directors may elect shall,
respectively, have such authority and perform such duties as may be determined
by the Board of Directors.
AUTHORITY TO VOTE SECURITIES
27. The Chairman of the Board, the President, and any other officers
designated by the Board of Directors are each authorized to vote, appoint
proxies, and execute consents, waivers, and releases with respect to securities
of other Corporations owned by the Corporation.
DELEGATION OF AUTHORITY AND DUTIES
28. The Board of Directors is authorized to delegate the authority and duties
of any officer to any other officer and generally to control the action of the
officers and to require the performance of duties in addition to those mentioned
in these Regulations.
STOCK CERTIFICATES
29. Every holder of shares in the Corporation shall be entitled to one or more
certificates, signed by the Chairman of the Board, the President, or a Vice
President, and by the Treasurer, an Assistant Treasurer, the Secretary, or an
Assistant Secretary, certifying the number of shares owned by him in the
Corporation. When such a certificate is countersigned by an incorporated
transfer agent or registrar, the signature of any of said officers of the
Corporation may be facsimile, engraved, stamped, or printed. Although any
officer of the Corporation whose manual or facsimile signature is affixed to
such a certificate ceases to be such officer before the certificate is
delivered, such certificate nevertheless shall be effective in all respects when
delivered.
TRANSFERS OF SHARES
30. Shares of the Corporation shall be transferable upon the books of the
Corporation by the holders thereof, in person, or by a duly authorized attorney,
and new certificates shall be issued upon surrender and cancellation of
certificates for a like number of shares, with duly executed assignment or power
of transfer endorsed thereon or attached thereto, and with such proof of the
authenticity of the signatures to such assignment or power of transfer as the
Corporation or its agents may reasonably require.
LOST, STOLEN OR DESTROYED CERTIFICATES
31. The Corporation may issue a new stock certificate in the place of any
certificate alleged to have been lost, stolen or destroyed. The Board of
Directors may require the owner, or his legal representative, to give the
Corporation a bond sufficient to indemnify the Corporation against any claim
that may be made against it on account of the issuance of such new certificate.
A new certificate may be issued without requiring any bond when, in the judgment
of the Directors, it is proper to do so.
TRANSFER AGENT AND REGISTRAR
32. The Board of Directors may, from time to time, appoint, or revoke the
appointment of, transfer agents and registrars and may require all stock
certificates to bear the signatures of such transfer agents and registrars or
any of them.
RECORD DATES
33. The Board of Directors may fix in advance a date, not exceeding sixty days
preceding the date of any meeting of shareholders, or the date for the payment
of any dividend, or the date for the allotment of rights, or the date when any
change or conversion or exchange of shares shall go into effect, or a date in
connection with obtaining the consent of shareholders for any purpose, as a
record date for the determination of the shareholders entitled to notice of, and
to vote at, any such meeting and any adjournment thereof, or entitled to receive
payment of any such dividend, or to any such allotment of rights, or to exercise
the rights in respect of any such change, conversion or exchange of shares, or
to give such consent, and in such case only such shareholders as shall be
shareholders of record on the date so fixed shall be entitled to such notice of
and to vote at, such meeting and any adjournment thereof, or to receive payment
of such dividend, or to receive such allotment of rights, or to exercise such
rights, or to give such consent, as the case may be, notwithstanding any
transfer of any shares on the books of the Corporation after any such record
date fixed as aforesaid. In the event that no record date shall be fixed for the
determination of shareholders entitled to vote at a meeting of shareholders, the
record date shall be the date next preceding the day on which notice is given,
or the date next preceding the day on which the meeting is held, as the case may
be.
REGISTERED SHAREHOLDERS
34. The Corporation shall be entitled to treat the holder of record of any
share or shares as the holder in fact thereof, and, accordingly, shall not be
bound to recognize any equitable or other claim to, or interest in, such share
on the part of any other person, whether or not it shall have express or other
notice thereof, save as expressly provided by the laws of Ohio.
INSPECTION OF BOOKS
35. The Directors shall determine, from time to time, whether and if allowed,
when and under what conditions and regulations, the accounts and books of the
Corporation (except such as may by statute be specifically open to inspection),
or any of them, shall be open to the inspection of the shareholders, and the
shareholders' rights in this respect are and shall be restricted and limited
accordingly.
DIVIDENDS
36. Dividends upon the shares of the Corporation, subject to the provisions of
the Articles of Incorporation, if any, may be declared by the Board of Directors
at any regular or special meeting, pursuant to law. Dividends may be paid in
cash, in property or in shares. Before payment of any dividend, there may be set
aside, out of any funds of the Corporation available for dividends, such sum or
sums as the Directors, from time to time, in their absolute discretion, think
proper, as a reserve fund to meet contingencies, or for equalizing dividends, or
for repairing or maintaining any property of the Corporation, or for such other
purpose as the Directors shall think conducive to the interest of the
Corporation; and the Directors may abolish any such reserve in the manner in
which it was created.
DIRECTORS' ANNUAL STATEMENT
37. The Board of Directors shall present at each annual meeting, and when
called for by vote of the shareholders, at any special meeting of the
shareholders, a full and clear statement of the business and condition of the
Corporation.
NOTICES
38. Expect as provided in Section 39 and 40, whenever, under the provisions of
these Regulations, notice is required to be given to any Director, officer or
shareholder, it shall not be construed to mean personal notice, but such notice
as may be given by such other means as may be permitted by these Regulations.
Any shareholder, Director or officer may waive any notice required to be given
by law, by the Articles of Incorporation or by these Regulations and shall be
deemed to have waived notice of any meeting which he shall attend without
protesting, prior to or at the commencement of such meeting, the lack, of proper
notice thereof.
39. At any annual or special meeting of shareholders, proposals by
shareholders shall be considered only if the shareholder intending to make the
proposal is entitled to vote on the proposal at the meeting, advance notice of
the intention to make the proposal is timely given in accordance with this
Section 39 and the proposals are otherwise proper for consideration under
applicable law and the Articles of Incorporation. Notice of any such shareholder
proposal must be given in writing to the Secretary, and received at the
Corporation's principal executive offices, not less than sixty nor more than
ninety days prior to the scheduled date of the meeting, as disclosed by the
Corporation to its shareholders or in other public notice (including, in the
case of an annual meeting, disclosure of the anticipated date of the annual
meeting in the proxy statement for the previous year); except that, if notice to
the shareholders or prior public disclosure of the scheduled date of the meeting
is first given or made less than seventy-five days prior to the date of the
meeting, the written notice of the intention to make the shareholder proposal
must be given to the Secretary not later than the close of business on the
fifteenth day following the day on which such
notice to the shareholders or public disclosure (whichever occurs earlier) is
first given or made. Notice of the anticipated date of the annual meeting
included the Corporation's proxy statement for the prior year will, for this
purpose, be adequate notice of the date of the meeting unless the date is
subsequently advanced by more than thirty days or delayed by more than ninety
days. Any notice of the intention to make a shareholder proposal shall be
accompanied by the text of the proposal and a brief written statement of the
reasons why the shareholder favors the proposal and shall set forth (i) the
shareholder's name and record address, (ii) a representation that the
shareholder is a holder of record of shares of the Corporation entitled to vote
at the meeting and intends to appear in person or by proxy at the meeting to
make the proposal, (iii) a description of all arrangements or understandings
between the shareholder and any other person (naming that person) pursuant to
which the proposal is to be made, and (iv) the number and class of all shares of
the Corporation beneficially owned (within the meaning of Rule 13d-3 under the
Securities Exchange Act of 1934 or the corresponding provisions of any
regulations subsequently adopted by the Securities and Exchange Commission
applicable to the Corporation) by the shareholder and any material interest of
the shareholder in the proposal (other than any interest solely as a
shareholder). The person presiding at the meeting shall determine whether the
notice of the shareholder proposal has been duly given and shall direct that the
proposal not be considered if the notice (together with all information required
to be submitted by the shareholder under this Section 39) has not been given.
40. Subject to the rights of the holders of any class or series of preferred
shares of the Corporation, a shareholder may make nominations for the election
of Directors at an annual or special meeting of shareholders only if the
shareholder intending to make the nominations is entitled to vote for the
election of Directors at the meeting and written notice of the intention to make
the nominations is timely given as provided in this Section 40. Notice of any
such shareholder nominations must be given in writing to the Secretary, and
received at the Corporation's principal executive offices, not less than sixty
nor more than ninety days prior to the scheduled date of the meeting, as
disclosed by the Corporation to its shareholders or in other public notice
(including, in the case of an annual meeting, disclosure in the proxy statement
for the previous year); except that, if notice to the shareholders or prior
public disclosure of the scheduled date of the meeting is first given or made
less than seventy-five days prior to the date of the meeting, the written notice
of the intention to make the nominations must be given to the Secretary not
later than the close of business on the fifteenth day following the day on which
such notice to the shareholders or public disclosure (whichever occurs earlier)
is first given or made. Any notice of a shareholder's intention to make such
nominations shall set forth: (i) as to each person who is not an incumbent
Director when the shareholder proposes to nominate that person for election as a
Director, (A) the name, age, and business and residence address of that person,
(B) the principal occupation and employment of that person during the past five
years and the name and principal business of any Corporation or other
organization in which such occupations and employment were carried on, (C) all
positions of that person as a Director, officer, partner, employee or
controlling shareholder of any Corporation or other organization, (D) the class
and number of shares of the Corporation that are beneficially owned (within the
meaning of Rule 13d-3 under the Securities Exchange Act of 1934 or the
corresponding provisions of any regulations subsequently adopted by the
Securities and Exchange Commission applicable to the Corporation) by that
person, (E) any other information regarding the person that would be required,
pursuant to Item 401 of Regulation S-K adopted by the Securities and Exchange
Commission (or the corresponding provisions of any regulations subsequently
adopted by the Securities and Exchange Commission applicable to the
Corporation), to be included in a proxy statement of the Corporation complying
with the proxy rules of the Securities and Exchange Commission if that person
were nominated by the board of Directors of the Corporation, and (F) the written
consent of that person to serve as a Director of the Corporation, and (ii) as to
the shareholder giving the notice, (A) the name and record address of the
shareholder, (B) a representation that the shareholder is a holder of record of
shares of the Corporation entitled to vote at the meeting and intends to appear
in person or by proxy at the meeting to nominate the person specified in the
notice, (C) a description of all arrangements or understandings between the
shareholder and each nominee and any other person (naming that person) pursuant
to which the nomination is to be made, and (D) the class and number of shares of
the Corporation that are beneficially owned (within the meaning of Rule 13d-3
under the Securities Exchange Act of 1934 or the corresponding provisions of any
regulations subsequently adopted by the Securities and Exchange Commission
applicable to the Corporation) by the shareholder.
AMENDMENTS
41. These Regulations may be amended, or new Regulations may be adopted, at a
meeting by the affirmative vote of the holders of shares entitling them to
exercise a majority of the voting power of the Corporation on the proposal, or
without a meeting by the written consent of the holders of shares entitling them
to exercise all of the voting power of the Corporation on the proposal. No
amendment of these Regulations with respect to the time or place for the
election of Directors shall be made within sixty days next before the day on
which such election is to be held. In case of any amendment of these Regulations
with respect to such time or place, notice thereof shall be given to each
shareholder, in the manner provided in Section 38 of these Regulations, at least
twenty days before the first election following such amendment is held. Any
amendment of Section 14, Section 39, or Section 40 of these Regulations adopted
by shareholders at an annual or special meeting shall only be effective for
subsequent meetings and shall not eliminate or modify the prohibition on removal
of Directors or the requirement for advance notice of shareholder proposals or
shareholder nominations for the election of Directors, as the case may be, made
at the meeting at which the amendment is adopted.