An offense that is punishable by a term of imprisonment exceeding one year may be prosecuted by an information with a waiver of indictment. Waiver of indictment is not permitted for offenses punishable by death. If the charge proceeds by a waiver of indictment, the defendant shall be informed of the nature of the charge and the right to have the charge presented to a grand jury. The waiver must be in open court and on the record.