Levi Strauss amends bylaws to update nomination procedures and governance provisions
LEVI STRAUSS & CO
- Amends advance notice requirements for stockholder nominations and proposals, clarifying disclosure needs.
- Updates provisions to align with SEC universal proxy rules under Rule 14a-19.
- Clarifies chairperson authority to convene, recess, or adjourn stockholder meetings.
- Requires indemnitee to provide undertaking to repay advancement if not entitled to indemnification.
- Designates Delaware Court of Chancery as exclusive forum for indemnification and advancement claims.