other material
confidence high
sentiment neutral
materiality 0.30
PVH Corp. amends By-Laws to update proxy rules, reduce board size to 8, and add exclusive forum provision
PVH CORP. /DE/
- Board reduced minimum board size from 9 to 8 directors.
- Amended advance notice and proxy access provisions to align with SEC universal proxy rules.
- Added exclusive forum clause for state corporate law claims in Delaware courts unless company consents otherwise.
- Changed quorum for Board meetings from one-third to a majority of directors.
- Board and committees may now convene virtually and take action by written consent.