other material
confidence high
sentiment neutral
materiality 0.30
Mueller Industries amends bylaws to vest director removal solely with stockholders
MUELLER INDUSTRIES INC
- Removed provision allowing director removal by majority of Board; now only stockholders can remove directors by majority vote.
- Amendment to Article III, Section 3 of Bylaws, effective April 6, 2022.
- Change was adopted by Board of Directors on April 6, 2022.
- Governance revision eliminates board's power to remove directors, enhances stockholder control.