Certificate of Incorporation - Jacobs Engineering Group Inc.
[COMPOSITE CONFORMED COPY]
CERTIFICATE OF INCORPORATION
OF
JACOBS ENGINEERING GROUP INC.
[as amended]
1. The name of the Corporation is JACOBS ENGINEERING GROUP INC.
2. The name and address of the registered agent of the Corporation in the
State of Delaware is The Corporation Trust Company, 1209 Orange Street,
Wilmington, New Castle County, Delaware 19801.
3. The purpose of the Corporation is to engage in any lawful act or
activity for which corporations may be organized under the General Corporation
Law of Delaware.
4. The name and mailing address of the incorporator of the Corporation is
as follows:
<TABLE>
<CAPTION>
Name Mailing Address
<S> <C>
Joseph J. Jacobs 251 South Lake Avenue
Pasadena, California 91101
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5. (a) The Corporation is authorized to issue two classes of capital
stock, designated Common Stock and Preferred Stock. The total amount of
authorized capital stock of the Corporation is 61,000,000 shares, divided into
60,000,000 shares of Common Stock, par value $1.00 per share, and 1,000,000
shares of Preferred Stock, par value $1.00 per share.
(b) The Preferred Stock may be issued in one or more series. The Board of
Directors is hereby authorized to issue the share of Preferred Stock in such
series and to fix from time to time before issuance the number of shares to be
included in any series and the designation, relative powers, preferences and
rights and qualifications, limitations or restriction of all shares of such
series. The authority of the Board of Directors with respect to each series
shall include, without limiting the generality of the foregoing, the
determination of any or all of the following:
(1) the number of shares of any series and the designation to
distinguish the shares of such series from the shares of all other series;
(2) the voting powers, if any, and whether such voting powers are
full or limited, in any such series;
(3) the redemption provisions, if any, applicable to such series,
including the redemption price or prices to be paid;
(4) whether dividends, if any, shall be cumulative or noncumulative,
the dividend rate, or method of determining the dividend rate, of such
series, and the dates and preferences of dividends on such series;
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(5) the rights of such series upon the voluntary or involuntary
dissolution of, or upon any distribution of the assets of, the Corporation;
(6) the provisions, if any, pursuant to which the shares of such
series are convertible into, or exchangeable for, shares of any other class
or classes or of any other services of the same or any other class or
classes of stock, or any other security, of the Corporation or any other
corporation, and the price or prices or the rates of exchange applicable
thereto;
(7) the right, if any, to subscribe for or to purchase any securities
of the Corporation or any other corporation;
(8) the provisions, if any, of a sinking fund applicable to such
series; and
(9) any other relative, participating, optional or other special
powers, preferences, rights, qualifications, limitations or restrictions
thereof;
all as shall be determined from time to time by the Board of Directors and shall
be stated in a resolution or resolutions providing for the issuance of such
Preferred Stock (a "Preferred Stock Designation").
(c) The number of authorized shares of Preferred Stock may be increased or
decreased (but not below the number of shares then outstanding) by the
affirmative vote of the holders of not less the 75% of the total voting power of
all outstanding securities of the Corporation then entitled to vote generally in
the election of directors, considered for this purpose as one class.
(d) Expect as may be provided by the Board of Directors in a Preferred
Stock Designation or by law,
(i) dividends may be declared and paid or set apart from payment upon
the Common Stock out of any assets or funds of the Corporation legally
available for the payment of dividends;
(ii) the holders of Common Stock shall have the exclusive right to
vote for the election of directors and on all other matters requiring
stockholder action, each share being entitled to one vote; and
(iii) upon the voluntary or involuntary liquidation, dissolution or
winding up of the Corporation, the net assets of the Corporation shall be
distributed pro rata to the holders of the Common Stock in accordance with
their respective rights and interests.
(e) The Corporation shall be entitled to treat the person in whose name
any share of its stock is registered as the owner thereof for all purposes, and
shall not be bound to recognize any equitable or other claim to, or interest in,
such share on the part of any other person, whether or not the Corporation shall
have notice thereof, except as expressly provided by applicable law.
6. In furtherance and not in limitation of the powers conferred by
statute, the Board of Directors is expressly authorized to make, repeal, alter,
amend and rescind the Bylaws of the Corporation.
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7. Bylaws shall not be made, repealed, altered, amended or rescinded by
the stockholders of the Corporation except by the affirmative vote of the
holders of not less than 75% of the total voting power of all outstanding
securities of the Corporation then entitled to vote generally in the election of
directors, considered for purposes of this Article 7 as one class.
8. The business and affairs of the Corporation shall be managed by or
under the direction of a Board of Directors consisting of not less than three
directors or more than twenty-one directors, the exact number of directors to be
determined from time to time by resolution adopted by affirmative vote of a
majority of the entire Board of Directors. The directors shall be divided into
three classes, designated Class I, Class II and Class III. Each class shall
consist, as nearly as may be possible, of one-third of the total number of
directors constituting the entire Board of Directors. At the 1987 annual
meeting of stockholders, Class I directors shall be elected for a one-year term,
Class II directors for a two-year term and Class III directors for a three-year
term. At each succeeding annual meeting of stockholders beginning in 1988,
successors to the class of directors whose term expires at the annual meeting
shall be elected for a three-year term. If the number of directors is changed,
any increase or decrease shall be apportioned among the classes so as to
maintain the number of directors in each class as nearly equal as possible, and
any additional director of any class elected to fill a vacancy resulting form an
increase in such class shall hold office for a term that shall coincide with the
remaining term of that class, but in no case will a decrease in the number of
directors shorten the term of any incumbent director. A director shall hold
office until the annual meeting for the year in which his term expires and until
his successor shall be elected and shall qualify, subject, however, to prior
death, resignation, retirement, disqualification or removal from office. Any
vacancy on the Board of Directors that results from an increase in the number of
directors may be filled by a majority of the Board of Directors then in office,
provided that a quorum is present, and any other vacancy occurring in the Board
of Directors may be filled by a majority of the directors then in office, even
if less than a quorum, or by a sole remaining director. Any director elected to
fill a vacancy not resulting from an increase in the number of directors shall
have the same remaining term as that of his predecessor.
Notwithstanding the foregoing, whenever the holders of any one or more
classes or series of preferred stock issued by the Corporation shall have the
right, voting separately by class or series, to elect directors at an annual or
special meeting of stockholders, the election, term of office, filling of
vacancies and other features of such directorships shall be governed by the
terms of this Certificate of Incorporation applicable thereto, and such
directors so elected shall not be divided into classes pursuant to this Article
8 unless expressly provided by such terms.
Notwithstanding the rule that the three classes shall be as nearly equal in
number of directors as possible, in the event of any change in the authorized
number of directors each director then continuing to serve as such shall
nevertheless continue as a director of the class in which he is a member until
expiration of his current term, or his prior death, resignation or removal. If
any newly created directorship may, consistent with the rule that the three
classes shall be as nearly equal in number of directors as possible, be
allocated to one or two or more classes, the Board shall allocate it to that of
the available class whose term of office is due to expire at the earliest date
following such allocation.
During any period when the holders of any Preferred Stock or any one or
more series thereof, voting as a class, shall be entitled to elect a specified
number of directors, by reason of dividend arrearages or other provisions giving
them the right to do so, then and during such time as such right
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continues (1) the then otherwise authorized number of directors shall be
increased by such specified number of directors, and the holders of such
Preferred Stock or such series thereof, voting as a class, shall be entitled to
elect the additional directors so provided for, pursuant to the provisions of
such Preferred Stock or series; (2) each such additional director shall serve
for such term, and have such voting powers, as shall be stated in the provisions
pertaining to such Preferred Stock or series; and (3) whenever the holders of
any such Preferred Stock or series thereof are divested of such rights to elect
a specified number of directors, voting as a class, pursuant to the provisions
of such Preferred Stock or series, the terms of office of all directors elected
by the holders of such Preferred Stock or series, voting as a class, pursuant to
such provisions, or elected to fill any vacancies resulting from the death,
resignation or removal of directors so elected by the holders of such Preferred
Stock or series, shall forthwith terminate and the authorized number of
directors shall be reduced accordingly.
9. Subject to any rights granted in a Preferred Stock Designation to any
series of Preferred Stock, any action required to permitted to be taken by the
stockholders of the Corporation must be effected at an annual or special meeting
of stockholders of the Corporation and may not be effected by any consent in
writing of such stockholders.
10. No vote at any meeting of stockholders need be by written ballot
unless the Board of Directors, in its discretion, or the officer of the
Corporation presiding at the meeting, in his discretion, specifically directs
the use of a written ballot.
11. Special meetings of the stockholders of the Corporation for any
purpose or purposes may be called at anytime by the Board of Directors or by a
committee of the Board of Directors that has been duly designated by the Board
of Directors and whose powers and authority, as provided in a resolution of the
Board of Directors or in the Bylaws of the Corporation, include the power to
call such meetings or by the Chairman of the Board of Directors, but such
special meetings may not be called by any other person or person; provided,
however, that, if and to the extent that any special meeting of the stockholders
may be called by any other person or persons specified in any provisions of any
certificate filed under Section 151(g) of the Delaware General Corporation Law
(or its successor statute as in effect from time to time hereunder), then such
special meeting may also be called by the person or persons, in the manner, at
the times and for the purposes so specified.
12. Meetings of stockholders may be held within or without the State of
Delaware, as the Bylaws of the Corporation may provide. The books of the
Corporation may be kept (subject to any provision contained in applicable law)
outside the State of Delaware at such place as may be designated from time to
time by the Board of Directors or the Bylaws of the Corporation.
13. Whenever a compromise or arrangement is proposed between the
Corporation and its creditors or any class of them and/or between the
Corporation and its stockholders or any class of them, any court of equitable
jurisdiction within the State of Delaware may, on the application in a summary
way of the Corporation or any creditor or stockholder thereof or on the
application of any receiver or receivers appointed for the Corporation under the
provision of Section 291 of Title 8 of the Delaware General Corporation Law or
on the application of trustees in dissolution or of any receiver or receivers
appointed for the Corporation under the provisions of Section 279 of Title 8 of
the Delaware General Corporation Law, order a meeting of the creditors or class
of creditors, and/or of the stockholders or class of stockholders of this
Corporation, as the case may be, to be summoned in such manner as the said court
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directs. If a majority in number representing three-fourths in value of the
creditors or class of creditors, and/or of the stockholders or class of
stockholders of the Corporation, as the case may be, agree to any compromise or
arrangement and to any reorganization of the Corporation as a consequence of
such compromise or arrangement, the said compromise or arrangement and the said
reorganization shall, if sanctioned by the court to which said application has
been made, be binding on all the creditors or class of creditors, and/or on all
the stockholders or class of stockholders, of the Corporation, as the case may
be, and also on the Corporation.
14. To the fullest extent permitted by the Delaware General Corporation
Law as the same exists or may hereafter be amended, a director of this
Corporation shall not be personally liable to the corporation or its
shareholders for monetary damages for breach of fiduciary duty as a director,
except that this Article 14 shall not eliminate or limit a director's liability
(i) for any breach of the director's duty of loyalty to the Corporation or its
shareholders, (ii) for acts or omissions that are not in good faith or that
involve intentional misconduct or a knowing violation of law, (iii) under
Section 174 of the Delaware General Corporation Law, or (iv) for any transaction
from which the director derived an improper personal benefit. If the Delaware
General Corporation Law is hereafter amended to authorize corporate action
further eliminating or limiting the personal liability of directors, then the
liability of a director of the Corporation shall be eliminated or limited to the
fullest extent permitted by the Delaware General Corporation Law, as so amended
from time to time.
Any repeal or modification of this Article 14 shall not increase the
personal liability of any director of this Corporation for any act or occurrence
taking place prior to such repeal or modification or otherwise adversely affect
any right or protection of a director of the Corporation existing at the time of
such repeal or modification.
The provisions of this Article 14 shall not be deemed to limit or preclude
indemnification of a director by the Corporation for any liability of a director
that has not been eliminated by the provisions of this Article 14.
15. The Corporation shall indemnify to the fullest extent authorized or
permitted by law any person made, or threatened to be made, a party to any
action or proceeding (whether civil or criminal or otherwise) by reason of the
fact that he, his testator or intestate, is or was a director or officer of the
Corporation or by reason of the fact that such director or officer, at the
request of the Corporation, is or was serving any other corporation,
partnership, joint venture, trust, employee benefit plan or other enterprise, in
any capacity. Nothing contained herein shall affect any rights to
indemnification to which employees other than directors and officers may be
entitled by law, a contract to which the Corporation is a party or a bylaw of
the Corporation.
16. No contract or other transaction between the Corporation or any other
person, firm or corporation and no other act of the Corporation shall, in the
absence of fraud, in any way be affected or invalidated by the fact that any of
the directors of the Corporation are pecuniarily or otherwise interested in, or
are directors or officers of, such other person, firm or corporation. Any
director of the Corporation individually or any firm or corporation of which any
director may be an officer, director or shareholder, partner or owner, may be a
party to, or may be pecuniarily or otherwise interested in, any contract or
transaction of the Corporation, provided that the fact that he individually or
such firm or corporation is so interested shall be disclosed or shall have been
known to the Board of Directors or a
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majority of such members thereof as shall be present at any meeting of the Board
of Directors at which action upon any such contract or transaction shall be
taken. Any director of the Corporation who is also an officer, director or
shareholder, partner or owner of such other person, firm or corporation or who
is so interested may be counted in determining the existence of a quorum at any
meeting of the Board of Directors which shall authorize any such contract or
transaction, and may vote thereat to authorize any such contractor transaction
with like force and effect as if he were not such officer, director or
shareholder, partner or owner of such other person, firm or corporation or not
so interested. Any director of the Corporation may vote upon any contract or
other transaction between the Corporation and any subsidiary or affiliated
corporation without regard to the fact that he is also a director of such
subsidiary or affiliated corporation.
Any contract, transaction or act of the Corporation or of the directors
that is ratified by a majority of a quorum of the stockholders of the
Corporation at any annual meeting, or at any special meeting called for such
purpose, shall, insofar as permitted by law or by the Certificate of
Incorporation of the Corporation, be as valid and as a binding as though
ratified by every stockholder of the Corporation; provided, however, that any
failure of the stockholders to approve or ratify any such contract, transaction
or act, when and if submitted, shall not be deemed in any way to invalidate the
same or deprive the Corporation, its directors, officers or employees of its or
their right to proceed with such contract, transaction or act.
17. Notwithstanding any other vote that may be required under applicable
law, and in addition thereto, the affirmative vote of holders of not less than
two-thirds of the total voting power of all outstanding securities entitled to
vote in the ordinary election of directors of the Corporation voting together as
a single class, shall be required:
(a) To adopt any agreement for, or to approve, the merger or
consolidation of this Corporation with or into any other corporation except
for mergers for which no stockholder vote is required under Section 253 of
the Delaware General Corporation Law or any successor section;
(b) To authorize any sale, lease, transfer, exchange, mortgage,
pledge or other disposition to any other corporation, person or entity of
all or substantially all of the assets of this Corporation;
(c) To authorize the issuance or transfer by this Corporation of any
voting securities of this Corporation in exchange or payment for the
securities or assets of any other corporation, person or entity if such
authorization is otherwise required by law or by any agreement between this
Corporation and any national securities exchange or by any other agreement
to which this Corporation is a party; or
(d) To adopt a plan or proposal for the liquidation or dissolution of
this Corporation.
18. Notwithstanding anything to the contrary in this Certificate of
Incorporation, the provisions set forth in this Article 18 and in Articles 6, 8,
9, 11, 14, 15 and 17 may not be repealed, amended or otherwise modified directly
or indirectly in any respect (whether by amendment of this Certificate of
Incorporation or the Bylaws of the Corporation or otherwise) and the provisions
of Article 7 may not be repealed, amended or otherwise modified directly or
indirectly (whether by amendment of this Certificate
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of Incorporation or the Bylaws of the Corporation or otherwise) in any respect
that would reduce or diminish in any manner any requirement set forth in such
Articles for stockholder or director approval of any matter described therein;
provided, however, that any of the foregoing Articles may be repealed or amended
in any respect if such repeal or amendment is approved by such vote as may be
required under applicable law and in addition thereto by the affirmative vote of
the holders, voting together as a single class, if not less than two-thirds
(2/3) of the total voting power of all outstanding securities that are entitled
to vote in the ordinary election of directors of the Corporation.
19. The Corporation reserves the right to amend, alter, change or repeal
any provision contained in this Certificate of Incorporation in the manner now
or hereafter prescribed by statute, and all rights conferred on stockholders
herein are granted subject to this reservation. Notwithstanding the foregoing,
the provisions set forth in Articles 6, 7, 8, 9, 11, 14, 15 and 17 may not be
repealed or amended in any respect unless such repeal or amendment is in
conformity with Article 18 of this Certificate of Incorporation.
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