Colgate-Palmolive amends by-laws to update stockholder proposal rules and add exclusive forum provision

COLGATE PALMOLIVE CO

Board approved by-law amendments effective January 12, 2023.
New requirement: stockholder nominating directors must disclose intent to solicit proxies for at least 67% of voting shares.
Added exclusive forum provision: Delaware state court (or federal court) for derivative and fiduciary duty claims.
Other technical and administrative changes included in the amended by-laws.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

COLGATE PALMOLIVE CO: Amended By-laws to update stockholder proposal procedures and forum selection clause (effective 2023-01-12).

Change: bylaw amendment
Effective: 2023-01-12

Exact text from the filing

On January 12, 2023, the Board of Directors of Colgate-Palmolive Company (the “Company”) approved amendments to the Company’s Amended and Restated By-laws (“By-laws”), effective as of the same date.

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Source: SEC EDGAR

accession 0000021665-23-000005

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