Relay Therapeutics (NASDAQ: RLAY) sets federal courts for securities claims
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Relay Therapeutics, Inc. updated its corporate bylaws to change where certain securities-related lawsuits can be filed. On March 6, 2026, the Board approved second amended and restated bylaws that designate the federal district courts of the United States as the exclusive forum for complaints asserting causes of action under the Securities Act of 1933, the Securities Exchange Act of 1934, or related rules and regulations, unless the company consents in writing to a different forum.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.03, 9.01
2 items
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What change did Relay Therapeutics (RLAY) make to its bylaws?
Relay Therapeutics amended and restated its bylaws to add an exclusive forum provision for securities law claims. Federal district courts of the United States are now the designated forum for actions under the 1933 and 1934 securities laws and related rules.
When did Relay Therapeutics (RLAY) approve the new bylaw provisions?
The Board of Relay Therapeutics approved the amended and restated bylaws on March 6, 2026. The change was effective immediately on approval, updating the company’s governance framework regarding where certain securities-related complaints must be filed.
Which types of claims are covered by Relay Therapeutics’ new exclusive forum clause?
The new clause covers any complaint asserting a cause of action under the Securities Act of 1933, the Securities Exchange Act of 1934, or the respective rules and regulations. These securities law claims must be brought in U.S. federal district courts, absent company consent.
Can securities lawsuits against Relay Therapeutics still be filed outside federal court?
Under the updated bylaws, securities law complaints must be filed in U.S. federal district courts, unless Relay Therapeutics consents in writing to an alternative forum. This gives the company flexibility to agree to a different court in specific situations.
Where can investors find the full text of Relay Therapeutics’ amended bylaws?
The full text of Relay Therapeutics’ second amended and restated bylaws is filed as Exhibit 3.1. The company notes that any summary description is qualified in its entirety by reference to this complete bylaws document.
Does the Relay Therapeutics bylaw change affect all legal disputes with the company?
The change specifically targets complaints asserting causes of action under the Securities Act of 1933, the Securities Exchange Act of 1934, and their rules. Other types of legal disputes are governed by existing provisions and are not described as changed here.