Equity LifeStyle Properties adopts proxy access, declares Q3 dividend of $0.4475/share

EQUITY LIFESTYLE PROPERTIES INC

Proxy access allows eligible stockholders owning 3%+ for 3+ years to nominate up to 2 directors or 25% of board; effective 2024 meeting.
Advance notice window for 2024 annual meeting: December 27, 2023 to January 26, 2024.
Q3 2023 dividend declared at $0.4475 per share, payable October 13 to holders of record September 29.
Other bylaw amendments include proxy card color rule and updated procedural requirements under Rule 14a-19.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

EQUITY LIFESTYLE PROPERTIES INC: Amended and restated bylaws to implement proxy access, update advance notice window, and make other changes (effective 2023-07-25).

Change: bylaw amendment
Effective: 2023-07-25

Exact text from the filing

On July 25, 2023, the Board of Directors (the “Board”) of Equity LifeStyle Properties, Inc., a Maryland corporation (referred to herein as the “Company,” “we,” “us,” and “our”), amended and restated the Company’s bylaws (the “Fourth Amended and Restated Bylaws”), effective as of such date, to, among other things: • Implement proxy access to permit an eligible stockholder, or group of up to 20 eligible stockholders, owning 3% or more of the Company’s outstanding common stock continuously for at least three years, to nominate and include in the Company’s proxy materials director nominees constituting up to the lesser of two individuals and 25% of the number of the Company’s directors then serving, provided the stockholder(s) and the nominee(s) satisfy the requirements specified in the Fourth Amended and Restated Bylaws; • Proxy access will first apply with respect to the Company’s 2024 annual meeting of stockholders; • Update the timing, informational and procedural requirements for a st

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Source: SEC EDGAR

accession 0000895417-23-000055

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