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        <ExplanationTxt>In February 2024, the Board of Directors amended the ByLaws of Fort Worth MedTech Center, Inc. Significant changes were as follows: (1) The minimum number of directors was changed from 0 to 3, and the minimum number of directors on a committee was changed from 1 or more to 2 or more. (2) Specified that directors who have served 2 full terms are not eligible for at least 2 years after the end of the 2nd full term. (3) Renamed the Executive Director position to Chief Executive Officer and added another officer position of President. The ByLaws did not specify the duties of the President, but did specify the duties of all other officers. (4) Removed the requirement that directors must receive a copy of a proposed amendment to the ByLaws at least 30 days before the meeting to adopt the proposed amendment. (5) Changed the mission of the organization back to its original statement in 1998: To promote local economic development and further social welfare in the community known as the Southside Medical District in Fort Worth, TX, by operating a small business incubator that will provide small, start-up businesses with operating space and management counseling and support, at below market rates. This small business incubator will primarily target medical and technology oriented start-up business for the purposes of economic and employment growth opportunities.</ExplanationTxt>
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