ABM Industries adopts amended bylaws with universal proxy rule and exclusive forum provisions

ABM INDUSTRIES INC /DE/

Removed classified board provisions; all directors now elected annually.
Updated to comply with Delaware law and implement Universal Proxy Rule requirements.
New exclusive forum clause designates federal district courts for Securities Act claims.
Enhanced advance notice bylaw provisions for director nominations and stockholder proposals.
White proxy card reserved for Board use; other solicitors must use a different color.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ABM INDUSTRIES INC /DE/: Board approved Amended and Restated Bylaws effective June 13, 2023, including changes to remove classified board provisions, conform to DGCL updates, address Universal Proxy Rule, enhance advance notice requirements, adopt exclusive forum provision, and other administrative updates (effective 2023-06-13).

Change: bylaw amendment
Effective: 2023-06-13

Exact text from the filing

On June 13, 2023, the Board of Directors (the “Board”) of ABM Industries Incorporated (the “Company”) approved the ABM Industries Incorporated Amended and Restated Bylaws, effective as of such date (the “Amended and Restated Bylaws”).

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Source: SEC EDGAR

accession 0000950170-23-028287

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