MoneyGram 2015 Annual Report Download - page 56

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Table of Contents
Management’sReportonInternalControloverFinancialReporting
Management’s annual report on internal control over financial reporting is provided on page F-2 of this Annual Report on Form 10-K. The attestation report of the
Company’s independent registered public accounting firm, Deloitte & Touche LLP, regarding the Company’s internal control over financial reporting is provided
on page F-3 of this Annual Report on Form 10-K.
Item 9B. OTHER INFORMATION
On March 2, 2016 , the Company’s Board of Directors amended the Amended and Restated Bylaws of the Company (the “Amendment”), which became effective
immediately and amends Section 3.11 solely to also permit stockholders to remove directors without cause. The foregoing description of the Amendment is not
complete and is qualified in its entirety by reference to the complete text of the Amendment, a copy of which is filed as Exhibit 3.6 to this Annual Report on Form
10-K and incorporated by reference herein.
Article VIII(E) of the Company’s Amended and Restated Articles of Incorporation, as amended, contains a provision similar to the amended portion of Section
3.11 of the Amended and Restated Bylaws, as it read prior to the Amendment. In light of a recent ruling by the Delaware Chancery Court, the Company will not
attempt to enforce Article VIII(E) to the extent that it does not permit removal of directors without cause.
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