other material
confidence high
sentiment neutral
materiality 0.40
Garrett Motion shareholders approve charter amendments lowering director removal threshold and enabling special meetings
Garrett Motion Inc.
- Shareholders approved amendment to reduce stockholder vote required to remove directors and amend bylaws (189.5M for, 73K against).
- Shareholders approved officer exculpation amendment per Delaware law (178.4M for, 10.9M against).
- Shareholders approved amendment permitting stockholders to call special meetings (189.4M for, 80.8K against).
- Board adopted bylaw amendment establishing procedures for stockholders with 25% beneficial ownership to request special meetings.
- All nine director nominees elected; Deloitte SA ratified as auditor; say-on-pay advisory vote approved.