[8-K] International Bancshares Corp Reports Material Event
International Bancshares Corporation adopted Second Amended and Restated By-Laws effective August 6, 2025. The By-Laws require that a shareholder or group beneficially own 3% of IBC's common stock to institute or maintain a derivative proceeding. They designate the Texas Business Court, Fourth Business Court Division, or if that court lacks jurisdiction the U.S. District Court for the Southern District of Texas, or if that court lacks jurisdiction the state district court of Webb County as the sole and exclusive forum for filings unless agreed otherwise. The By-Laws also provide that, to the fullest extent permitted by law, shareholders, directors, and officers irrevocably and unconditionally waive any right to a trial by jury in internal entity claims and other claims against IBC, and state that purchasers or holders of IBC stock are deemed to have notice of and consented to these provisions. A copy of the By-Laws is attached as Exhibit 3.1.
International Bancshares Corporation ha adottato i Secondi By-Laws modificati e riformulati, efficaci dal 6 agosto 2025. I By-Laws prevedono che un azionista o un gruppo debba possedere effettivamente il 3% delle azioni ordinarie di IBC per instaurare o mantenere un procedimento derivativo. Designano la Texas Business Court, Fourth Business Court Division, o, qualora tale corte non abbia giurisdizione, il U.S. District Court for the Southern District of Texas, o in ultima istanza il state district court of Webb County come foro unico ed esclusivo per le azioni, salvo diverso accordo. I By-Laws prevedono inoltre che, nella misura massima consentita dalla legge, azionisti, amministratori e dirigenti rinuncino irrevocabilmente e incondizionatamente al diritto a un processo con giuria nelle controversie interne e in altre azioni contro IBC, e stabiliscono che gli acquirenti o i detentori di azioni IBC sono considerati informati e consenzienti a tali disposizioni. Una copia dei By-Laws è allegata come Exhibit 3.1.
International Bancshares Corporation adoptó los Second Amended and Restated By-Laws con vigencia a partir del 6 de agosto de 2025. Los By-Laws exigen que un accionista o un grupo posea de forma beneficiaria el 3% de las acciones ordinarias de IBC para iniciar o mantener un procedimiento derivado. Designan a la Texas Business Court, Fourth Business Court Division, o si ese tribunal carece de jurisdicción al U.S. District Court for the Southern District of Texas, o, en última instancia, al state district court of Webb County como foro único y exclusivo para las demandas, salvo acuerdo en contrario. Los By-Laws también disponen que, en la máxima medida permitida por la ley, los accionistas, directores y altos cargos renuncian irrevocable e incondicionalmente al derecho a un juicio con jurado en reclamaciones internas y otras demandas contra IBC, y establecen que los compradores o tenedores de acciones de IBC se consideran notificados y han prestado su consentimiento a dichas disposiciones. Se adjunta una copia de los By-Laws como Exhibit 3.1.
International Bancshares Corporation는 2025년 8월 6일부로 두 번째로 수정·재정비된 By-Laws를 채택했습니다. 이 By-Laws는 주주 또는 주주 그룹이 파생소송을 제기하거나 유지하려면 IBC 보통주의 3%를 실질적으로 보유해야 한다고 규정합니다. 또한 단독 관할 법원으로 Texas Business Court, Fourth Business Court Division를 지정하고, 해당 법원이 관할권이 없으면 U.S. District Court for the Southern District of Texas, 그마저도 관할권이 없으면 state district court of Webb County를 유일하고 배타적인 포럼으로 정하고 있습니다. By-Laws는 또한 법이 허용하는 최대 범위 내에서 주주, 이사 및 임원이 내부 분쟁 및 IBC에 대한 기타 소송에서 배심 재판권을 취소불능하고 무조건적으로 포기한다고 규정하며, IBC 주식의 매수자나 보유자는 이러한 규정에 대해 통지받고 동의한 것으로 간주된다고 명시합니다. By-Laws 사본은 Exhibit 3.1로 첨부되어 있습니다.
International Bancshares Corporation a adopté les Second Amended and Restated By-Laws, effectifs au 6 août 2025. Les By-Laws exigent qu'un actionnaire ou un groupe détienne effectivement 3% des actions ordinaires d'IBC pour intenter ou maintenir une action dérivative. Ils désignent la Texas Business Court, Fourth Business Court Division, ou si ce tribunal n'a pas compétence le U.S. District Court for the Southern District of Texas, ou à défaut le state district court of Webb County comme seul et unique forum pour les actions, sauf accord contraire. Les By-Laws prévoient également que, dans la mesure maximale permise par la loi, les actionnaires, administrateurs et dirigeants renoncent irrévocablement et inconditionnellement à tout droit à un procès avec jury dans les litiges internes et autres actions contre IBC, et précisent que les acheteurs ou détenteurs d'actions IBC sont réputés avoir été informés et avoir consenti à ces dispositions. Une copie des By-Laws est jointe en tant qu'Exhibit 3.1.
International Bancshares Corporation hat zum 6. August 2025 die zweitgeänderten und neu gefassten By-Laws angenommen. Die By-Laws verlangen, dass ein Aktionär oder eine Gruppe wirtschaftlich 3% der Stammaktien von IBC besitzt, um ein derivatives Verfahren einzuleiten oder aufrechtzuerhalten. Sie benennen das Texas Business Court, Fourth Business Court Division bzw. falls dieses Gericht keine Zuständigkeit hat das U.S. District Court for the Southern District of Texas, und falls auch dieses nicht zuständig ist das state district court of Webb County als den alleinigen und ausschließlichen Gerichtsstand für Klagen, sofern nicht anders vereinbart. Die By-Laws sehen ferner vor, dass Aktionäre, Direktoren und leitende Angestellte in dem gesetzlich zulässigen Umfang unwiderruflich und bedingungslos auf ihr Recht auf ein Juryverfahren in internen Streitigkeiten und anderen Klagen gegen IBC verzichten, und stellen fest, dass Käufer oder Inhaber von IBC-Aktien als über diese Bestimmungen informiert und damit einverstanden gelten. Eine Kopie der By-Laws ist als Exhibit 3.1 beigefügt.
- By-Laws specify a clear derivative standing requirement of 3% beneficial ownership, providing an explicit threshold for instituting derivative proceedings.
- Exclusive forum clause is defined, naming the Texas Business Court, U.S. District Court for the Southern District of Texas, and the state district court of Webb County in prioritized order.
- Includes an irrevocable waiver of jury trial for internal entity claims and other claims against IBC to the fullest extent permitted by law.
- Raises barriers for shareholder litigation by combining a 3% standing threshold with exclusive forum selection and jury-trial waivers, limiting procedural options for claimants.
Insights
TL;DR: By-Laws impose a 3% derivative standing threshold, exclusive forum selection, and broad jury-trial waivers, altering shareholder litigation rights.
The adoption of these By-Laws formalizes material governance changes. Requiring 3% beneficial ownership to institute derivative actions raises the standing threshold for shareholders seeking to bring derivative claims. The exclusive forum clause specifies a prioritized sequence of courts: the Texas Business Court Fourth Business Court Division, then the U.S. District Court for the Southern District of Texas, then the state district court of Webb County. The provisions include an irrevocable waiver of jury trial to the fullest extent permitted by law for internal entity claims and other claims against IBC. These changes are designed to concentrate dispute resolution in specified courts and limit procedural options available to claimants. The By-Laws became effective on August 6, 2025.
TL;DR: Governance updates clarify litigation forum and standing for derivative suits but do not include financial metrics or transactions.
The filing documents non-financial, governance-focused amendments without accompanying financial statements or operational changes. The key measurable items are the 3% ownership requirement for derivative proceedings and the specified exclusive forum hierarchy. No revenues, earnings, acquisitions, or material transactions are disclosed in this report. The document references Exhibit 3.1 for the full text of the By-Laws. From a securities perspective, these changes affect shareholder rights and potential litigation pathways but the Form 8-K does not provide information on any immediate financial impact.
International Bancshares Corporation ha adottato i Secondi By-Laws modificati e riformulati, efficaci dal 6 agosto 2025. I By-Laws prevedono che un azionista o un gruppo debba possedere effettivamente il 3% delle azioni ordinarie di IBC per instaurare o mantenere un procedimento derivativo. Designano la Texas Business Court, Fourth Business Court Division, o, qualora tale corte non abbia giurisdizione, il U.S. District Court for the Southern District of Texas, o in ultima istanza il state district court of Webb County come foro unico ed esclusivo per le azioni, salvo diverso accordo. I By-Laws prevedono inoltre che, nella misura massima consentita dalla legge, azionisti, amministratori e dirigenti rinuncino irrevocabilmente e incondizionatamente al diritto a un processo con giuria nelle controversie interne e in altre azioni contro IBC, e stabiliscono che gli acquirenti o i detentori di azioni IBC sono considerati informati e consenzienti a tali disposizioni. Una copia dei By-Laws è allegata come Exhibit 3.1.
International Bancshares Corporation adoptó los Second Amended and Restated By-Laws con vigencia a partir del 6 de agosto de 2025. Los By-Laws exigen que un accionista o un grupo posea de forma beneficiaria el 3% de las acciones ordinarias de IBC para iniciar o mantener un procedimiento derivado. Designan a la Texas Business Court, Fourth Business Court Division, o si ese tribunal carece de jurisdicción al U.S. District Court for the Southern District of Texas, o, en última instancia, al state district court of Webb County como foro único y exclusivo para las demandas, salvo acuerdo en contrario. Los By-Laws también disponen que, en la máxima medida permitida por la ley, los accionistas, directores y altos cargos renuncian irrevocable e incondicionalmente al derecho a un juicio con jurado en reclamaciones internas y otras demandas contra IBC, y establecen que los compradores o tenedores de acciones de IBC se consideran notificados y han prestado su consentimiento a dichas disposiciones. Se adjunta una copia de los By-Laws como Exhibit 3.1.
International Bancshares Corporation는 2025년 8월 6일부로 두 번째로 수정·재정비된 By-Laws를 채택했습니다. 이 By-Laws는 주주 또는 주주 그룹이 파생소송을 제기하거나 유지하려면 IBC 보통주의 3%를 실질적으로 보유해야 한다고 규정합니다. 또한 단독 관할 법원으로 Texas Business Court, Fourth Business Court Division를 지정하고, 해당 법원이 관할권이 없으면 U.S. District Court for the Southern District of Texas, 그마저도 관할권이 없으면 state district court of Webb County를 유일하고 배타적인 포럼으로 정하고 있습니다. By-Laws는 또한 법이 허용하는 최대 범위 내에서 주주, 이사 및 임원이 내부 분쟁 및 IBC에 대한 기타 소송에서 배심 재판권을 취소불능하고 무조건적으로 포기한다고 규정하며, IBC 주식의 매수자나 보유자는 이러한 규정에 대해 통지받고 동의한 것으로 간주된다고 명시합니다. By-Laws 사본은 Exhibit 3.1로 첨부되어 있습니다.
International Bancshares Corporation a adopté les Second Amended and Restated By-Laws, effectifs au 6 août 2025. Les By-Laws exigent qu'un actionnaire ou un groupe détienne effectivement 3% des actions ordinaires d'IBC pour intenter ou maintenir une action dérivative. Ils désignent la Texas Business Court, Fourth Business Court Division, ou si ce tribunal n'a pas compétence le U.S. District Court for the Southern District of Texas, ou à défaut le state district court of Webb County comme seul et unique forum pour les actions, sauf accord contraire. Les By-Laws prévoient également que, dans la mesure maximale permise par la loi, les actionnaires, administrateurs et dirigeants renoncent irrévocablement et inconditionnellement à tout droit à un procès avec jury dans les litiges internes et autres actions contre IBC, et précisent que les acheteurs ou détenteurs d'actions IBC sont réputés avoir été informés et avoir consenti à ces dispositions. Une copie des By-Laws est jointe en tant qu'Exhibit 3.1.
International Bancshares Corporation hat zum 6. August 2025 die zweitgeänderten und neu gefassten By-Laws angenommen. Die By-Laws verlangen, dass ein Aktionär oder eine Gruppe wirtschaftlich 3% der Stammaktien von IBC besitzt, um ein derivatives Verfahren einzuleiten oder aufrechtzuerhalten. Sie benennen das Texas Business Court, Fourth Business Court Division bzw. falls dieses Gericht keine Zuständigkeit hat das U.S. District Court for the Southern District of Texas, und falls auch dieses nicht zuständig ist das state district court of Webb County als den alleinigen und ausschließlichen Gerichtsstand für Klagen, sofern nicht anders vereinbart. Die By-Laws sehen ferner vor, dass Aktionäre, Direktoren und leitende Angestellte in dem gesetzlich zulässigen Umfang unwiderruflich und bedingungslos auf ihr Recht auf ein Juryverfahren in internen Streitigkeiten und anderen Klagen gegen IBC verzichten, und stellen fest, dass Käufer oder Inhaber von IBC-Aktien als über diese Bestimmungen informiert und damit einverstanden gelten. Eine Kopie der By-Laws ist als Exhibit 3.1 beigefügt.
FAQ
What governance changes did International Bancshares (IBOC) announce in the Form 8-K?
When did the new IBOC By-Laws become effective?
What is the ownership requirement to institute a derivative proceeding at IBOC?
Which courts are named as the exclusive forum in IBOC's By-Laws?
Where can I find the full text of IBOC's amended By-Laws?
