other material
confidence high
sentiment neutral
materiality 0.15
McKesson board adopts bylaw amendments tightening stockholder proposal and nomination rules
MCKESSON CORP
- Stockholders must maintain ownership through meeting date; special meeting requests require record-date holder status and compliance with Rule 14a-19.
- Board gains ability to postpone, reschedule, or cancel previously scheduled stockholder meetings at any time.
- Additional disclosure required: text of proposals, participants in solicitation, costs borne, and certification of compliance with securities laws.
- Indemnification claims: 60-day waiting period before suit (20-day for advancement); advancement clarified for investigation-related expenses.
- Amendments conform to DGCL updates on remote meetings, stockholder list, board emergency powers, and uncertificated shares.