Dime Community Bancshares adopts majority voting for uncontested director elections

Dime Community Bancshares, Inc. /NY/

Board approved amended bylaws effective Oct 24, 2024, adopting majority voting standard for uncontested elections.
In uncontested races, a nominee must receive more 'for' than 'against' votes to be elected; contested elections use plurality.
Expired Article VIII (effective until July 1, 2023) removed from the bylaws.
Amendment aligns director elections with common governance best practices.

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

Dime Community Bancshares, Inc. /NY/: Amended and restated bylaws to revise director election voting standard and remove expired Article VIII (effective 2024-10-24).

Change: bylaw amendment
Effective: 2024-10-24

Exact text from the filing

On October 24, 2024, the Board of Directors (the “Board”) of Dime Community Bancshares, Inc. (the “Company”) approved amended and restated Bylaws of the Company (the “Amended and Restated Bylaws”), effective as of such date.

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Dime Community Bancshares, Inc. /NY/ filing history →

Source: SEC EDGAR

accession 0000943374-24-000436

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