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Houston American Energy Corp. (NYSE American:HUSA) reported Wednesday that it has amended its certificate of incorporation and bylaws to declassify its board of directors. The changes were effective October 9, according to a statement in the company’s recent SEC filing.
The amendment to the certificate of incorporation was filed with the Secretary of State of Delaware on October 9, 2025. As a result, all current and future members of the board will be elected annually, rather than serving staggered multi-year terms. The governance changes come as the company’s stock trades near its 52-week low of $5.50, having declined about 44% over the past six months.
The company said the amendment was approved by both the board of directors and a majority of shareholders by written consent on September 8. On the same day, the board also approved an amendment to the company’s bylaws to make conforming changes related to the board’s declassification. The bylaw amendment also became effective October 9.
Houston American Energy’s common stock trades on the NYSE American under the ticker HUSA. The company is incorporated in Delaware.
This information is based on a statement included in the company’s Form 8-K filing with the Securities and Exchange Commission.
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