BancFirst amends bylaws to plurality voting for contested director elections, adopts RSU plan

BANCFIRST CORP /OK/

Board approved bylaw amendment changing contested director elections from majority to plurality standard effective immediately.
Approved 2023 Restricted Stock Unit Plan for employees and directors; plan will be submitted for shareholder approval at May 25, 2023 annual meeting.
Company intends to terminate existing stock option plans once the new RSU Plan becomes effective.

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

BANCFIRST CORP /OK/: Amended bylaws to provide that the vote required for contested elections of directors be based upon a plurality of the shares voting on the election (effective 2023-03-23).

Change: bylaw amendment
Effective: 2023-03-23

Exact text from the filing

Item 5.03 Amendments to Articles of Incorporation or Bylaws. BancFirst Corporation Amends its Bylaws On March 23, 2023, the Board of BancFirst Corporation approved an amendment to the Company's Bylaws to provide that the vote required for contested elections of directors be based upon a plurality of the shares voting on the election.

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Source: SEC EDGAR

accession 0000950170-23-009557

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