Lowe's amends bylaws to strengthen shareholder nomination and proposal rules

On November 11, 2022, the Board of Directors (the “Board”) of Lowe’s Companies, Inc. (the “Company”) approved certain amendments (the “Amendments”) to the Company’s Bylaws (the “Bylaws”) that became effective immediately upon approval by the Board. The Amendments were made to enhance the procedural mechanics and disclosure requirements in connection with shareholder nominations of directors and submissions of shareholder proposals (other than proposals to be included in the Company’s proxy statement pursuant to Rule 14a-8 under the Exchange Act) at shareholder meetings, including without limitation, by (i) requiring a shareholder delivering a notice pursuant to the advance notice provisions of the Bylaws to comply with the requirements of Rule 14a-19 under the Securities Exchange Act of 1934, as amended, and make related undertakings, including to provide reasonable evidence that the undertakings have been satisfied; and (ii) requiring additional background information and disclosures