SPX Technologies amends bylaws to align with SEC universal proxy rules

SPX Technologies, Inc.

Board approved amended bylaws effective Dec 12, 2022, updating director nomination procedures.
New rules require stockholders soliciting proxies to comply with Rule 14a-19 (67% voting power).
Stockholders must provide enhanced information, supplemental disclosures, and use non-white proxy cards.
Nominations limited to number of directors up for election; nominees must complete company questionnaire.
Remote meeting provisions clarified; Chairman of Board now designated presiding officer.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

SPX Technologies, Inc.: Amended and restated by-laws to update procedural requirements for director nominations in light of universal proxy rules under Rule 14a-19, including enhanced information submissions, proxy solicitation requirements, and other administrative changes (effective 2022-12-12).

Change: bylaw amendment
Effective: 2022-12-12

Exact text from the filing

On December 12, 2022, the board of directors of SPX Technologies, Inc. (the “Company”) approved an amendment and restatement of the Company’s amended and restated by-laws (as so amended and restated, the “Amended By-laws”), effective as of such date.

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SPX Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0000088205-22-000050

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