ABM settles shareholder lawsuit over bylaw disclosure requirements; pays $325K in fees

ABM INDUSTRIES INC /DE/

Plaintiff alleged directors breached fiduciary duties by imposing unreasonable disclosure requirements on dissident nominations.
Company adopted amended bylaws on March 27, 2024 to resolve the claims and the 220 demands.
Company paid $325,000 in attorneys' fees and expenses to settle all claims; denies all wrongdoing.
Delaware Court of Chancery closed the action on Sept. 10, 2024, subject to this 8-K filing.

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