other_material
confidence high
sentiment neutral
materiality 0.15
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- Chairman of Board may now receive director resignation letters; outdated references updated (e.g., telegraph replaced with electronic transmission).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.
item 5.03item 9.01