Chevron amends bylaws to remove director resignation requirement and binding proxy access interpretation

CHEVRON CORP

Removed Article IV, Section 3 requiring director to submit resignation if failing to receive majority vote in uncontested elections.
Deleted Article IV, Section 7(n) provision that board's good-faith interpretation under proxy access bylaw is binding on corporation and stockholders.
Amended and restated bylaws effective December 4, 2024, filed as Exhibit 3.2.

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

CHEVRON CORP: Amended Article IV, Section 3 to delete director resignation requirement for majority vote failure, and amended Article IV, Section 7(n) to delete binding interpretation provision for proxy access by-law (effective 2024-12-04).

Change: bylaw amendment
Effective: 2024-12-04

Exact text from the filing

On December 4, 2024, the Board of Directors (the “Board”) of Chevron Corporation (the “Corporation”) approved and adopted amended and restated By-Laws of the Corporation (the “By-Laws”), effective December 4, 2024.

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Source: SEC EDGAR

accession 0000093410-24-000066

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