Trio-Tech International Inc.
(NYSE:TRT) shares surged 16.47% to $11.95 after the bell on Tuesday.
The jump in the late trading session follows an intraday gain of 5.66%, where the stock of the California-based semiconductor testing and manufacturing company closed at $10.26, according to Benzinga Pro data.
Bylaw Overhaul Precedes The Spike The stock move follows a Jul. 10 Securities and Exchange Commission filing, disclosing that Trio-Tech's board adopted Third Amended and Restated Bylaws effective Jul. 7.
The amendment adds shareholder-nomination notice requirements and designates California courts as the exclusive venue for derivative and fiduciary-duty claims.
