other
confidence high
sentiment neutral
materiality 0.35
Old Republic terminates poison pill effective immediately; amends bylaws
OLD REPUBLIC INTERNATIONAL CORP
- Rights Agreement amended to accelerate Final Expiration Date from June 25, 2027 to August 18, 2022; rights expired and agreement terminated.
- Stockholder meeting quorum increased from one-third to a majority of outstanding shares via amended bylaws.
- Bylaws updated to implement SEC universal proxy rules; exclusive forum provision expanded to include federal district court.
- Board size range fixed at 9–15 directors; Chairman or Board may adjourn meetings without quorum for any reasonable purpose.