XPEL amends bylaws to designate Nevada courts as exclusive forum for disputes

XPEL, Inc. (NASDAQ:XPEL) amended its bylaws on October 28, 2025, to establish specific courts as the exclusive venues for certain legal actions involving the company. According to a statement in a press release based on an SEC filing, the Eighth Judicial District Court of Clark County, Nevada, or other state courts in Nevada if necessary, will now serve as the sole and exclusive forum for a range of actions. These include lawsuits brought in the name or right of the corporation, claims alleging breaches of fiduciary duty by current or former directors, officers, employees, or agents, internal corporate actions as defined under Nevada law, and cases interpreting or enforcing the corporation’s articles of incorporation or bylaws.

The amendment also specifies that federal district courts in the United States will be the exclusive forum for any claims arising under the Securities Act of 1933 or the Securities Exchange Act of 1934, as well as any related rules or regulations.

The company’s common stock is listed on the Nasdaq Stock Market under the symbol XPEL. The amendment was signed by Barry R. Wood, Senior Vice President and Chief Financial Officer.

This information is based on a press release statement included in the company’s recent filing with the Securities and Exchange Commission.

In other recent news, XPEL Inc. reported its second-quarter 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.59, exceeding the forecasted $0.51. Additionally, XPEL reported revenue of $124.7 million, which was above the anticipated $119.97 million. These financial results indicate a strong performance for the quarter. In other developments, XPEL is set to introduce its new XPEL COLOR Paint Protection Film at the 2025 SEMA Show in Las Vegas. This product offers vehicle paint protection with customization options in 16 different colors. Attendees will have the opportunity to see a live demonstration as a 2025 BMW M5 Touring is transformed using XPEL’s Ultra Plum color film. These recent developments highlight significant advancements and achievements for the company.

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