other
confidence high
sentiment neutral
materiality 0.20
Bank of America amends Bylaws to clarify stockholder meeting and proxy access rules
BANK OF AMERICA CORP /DE/
- Board clarifies it may determine to hold remote-only stockholder meetings under Delaware law.
- Voting thresholds revised: affirmative votes needed for matters requiring other than majority support are now specified.
- Procedural and disclosure requirements for stockholder proposals and nominations tightened, including information requests for nominees.
- Proxy access nomination provision updated to expand scope of information requests and remove tendered resignation requirement.