MGIC Investment amends bylaws to align with universal proxy rules and impose 67% solicitation requirement

MGIC INVESTMENT CORP

Board approved amendments effective Jan 24, 2023, to Amended and Restated Bylaws.
White proxy card reserved for Board; shareholders soliciting proxies must use other colors.
Shareholders nominating directors must represent intent to solicit holders of at least 67% voting power in support of non-Board nominees per Rule 14a-19.
Failure to comply with Rule 14a-19 results in votes for such nominees treated as abstentions.
New provisions require shareholder notice of change in intention and allow Board to request nominee questionnaires.

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

MGIC INVESTMENT CORP: Amended Bylaws sections 2.10, 2.14(a)(i), 2.14(a)(ii), 2.14(b), 2.14(c)(i), and 2.14(c)(iv) to revise proxy and shareholder nomination procedures, including compliance with Rule 14a-19 (effective 2023-01-24).

Change: bylaw amendment
Effective: 2023-01-24

Exact text from the filing

On January 24, 2023, the Board of Directors of MGIC Investment Corporation (the “Corporation”) approved amendments to its Amended and Restated Bylaws.

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Source: SEC EDGAR

accession 0000876437-23-000004

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