MGE Energy adopts amended bylaws with universal proxy rules and exclusive forum provisions

MGE ENERGY INC

Board adopted amended bylaws effective immediately on Sept 15, 2023, addressing universal proxy rules and meeting procedures.
Shareholder nomination window for annual meetings changed to 90–120 days prior to anniversary (was 75–100).
Exclusive forum: Wisconsin state courts for shareholder disputes; federal courts for Securities Act claims.
New requirements: nominating shareholders must provide updated info and submit to interviews within 10 days of request.
Plurality voting applies in director elections if shareholder nomination notice timely given and not withdrawn by 10 days before meeting notice mailing.

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

MGE ENERGY INC: Adopted amended and restated bylaws effective September 15, 2023, incorporating universal proxy rule changes, updated shareholder meeting procedures, director nomination mechanics, exclusive forum provisions, and other updates (effective 2023-09-15).

Change: bylaw amendment
Effective: 2023-09-15

Exact text from the filing

On September 15, 2023, in connection with the Securities and Exchange Commission rules regarding universal proxy cards and a periodic review of the bylaws of MGE Energy, Inc. (the “ Company ”), the Company’s board of directors (the “ Board ”) unanimously adopted amended and restated bylaws of the Company (the bylaws, as so amended and restated, the “ Amended and Restated Bylaws ”), effective immediately.

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Source: SEC EDGAR

accession 0000950170-23-048495

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