---
schema_version: "secwatch.filing_event.v1"
accession: "0000088121-24-000011"
form_type: "8-K"
ticker: "SEB"
cik: "0000088121"
company_name: "SEABOARD CORP /DE/"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T15:33:37.082224+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Seaboard adopts exclusive forum bylaw designating Delaware Court of Chancery for stockholder disputes

## Summary
- Board amended bylaws on Jan 25, 2024 to add Section 57 requiring exclusive forum in Delaware Court of Chancery for derivative and internal affairs claims.
- New bylaw covers derivative actions, breach of fiduciary duty claims, DGCL claims, and internal affairs claims.
- Provision applies unless Seaboard consents in writing to alternative forum.
- Restated Bylaws filed as Exhibit 3.1 to the 8-K.

## SEC filing metadata
- accession: 0000088121-24-000011
- form_type: 8-K
- ticker: SEB
- cik: 0000088121
- company_name: SEABOARD CORP /DE/
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88121/000008812124000011/0000088121-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88121/000008812124000011/seb-20240125x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000088121-24-000011
- JSON: https://secwatch.observer/filing/0000088121-24-000011.json
- Plain text: https://secwatch.observer/filing/0000088121-24-000011.txt

## Key facts
- Governance Changes
  SEABOARD CORP /DE/: Added new Section 57 establishing Delaware Court of Chancery as exclusive forum for certain stockholder actions (effective 2024-01-25).
  - Change: bylaw amendment
  - Effective: 2024-01-25
  source text: On January 25, 2024, the Board of Directors of Seaboard Corporation (“Seaboard”) approved and adopted certain amendments, effective immediately, to its Bylaws (as amended, the “Restated Bylaws”). The Restated Bylaws amend, among other things, Seaboard’s Bylaws to add a new Section 57 that provides that, unless Seaboard consents in writing to the selection of an alternative forum, the sole and exclusive forum for any current or former stockholder to bring (i) any derivative action or proceeding brought on behalf of Seaboard, (ii) any action asserting a claim that is based upon a violation of a duty owed by any current or former director, officer, employee, or stockholder of Seaboard to Seaboard or its stockholders, (iii) any action asserting a claim against Seaboard or its current or former directors, officers, employees, or stockholders arising pursuant to any provision of the Delaware General Corporate Law (“DGCL”) or the certificate of incorporation or the bylaws, (iv) any action a
  evidence_url: https://www.sec.gov/Archives/edgar/data/88121/000008812124000011/0000088121-24-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.