SCI adopts bylaw amendments: 3% derivative threshold, jury trial waiver, exclusive forum

SERVICE CORP INTERNATIONAL

New ownership threshold requires shareholders to hold at least 3% of outstanding common stock to initiate derivative proceedings.
Jury trial waiver added for 'internal entity claims' as defined under the Texas Business Organizations Code.
Exclusive forum for internal claims: U.S. District Court for Southern District of Texas, or Texas Business Court, or state court in Harris County.
Chairman of Board may now receive director resignation letters; outdated references updated (e.g., telegraph replaced with electronic transmission).
Amendments effective August 6, 2025, reflecting recent Texas Business Organizations Code changes.

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

SERVICE CORP INTERNATIONAL: Amended and Restated Bylaws to implement changes to Texas Business Organizations Code, including new derivative proceeding ownership threshold, jury trial waiver for internal entity claims, exclusive forum provision for internal entity claims, updated director resignation procedure, and technical re (effective 2025-08-06).

Change: bylaw amendment
Effective: 2025-08-06

Exact text from the filing

On August 6, 2025, the Board of Directors (the “Board”) of Service Corporation International (the “Company”) approved and adopted Amended and Restated Bylaws of the Company (as so amended and restated, the “Bylaws”), that became immediately effective.

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Source: SEC EDGAR

accession 0000089089-25-000075

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