OFG Bancorp removes director age limit of 71 from bylaws

OFG BANCORP

Amended bylaws effective Jan 25, 2023 to eliminate mandatory director retirement at age 71.
Removed limitations on electing, re-electing, or nominating directors aged 71 or older.
Prior board-approved exceptions to the age limit are no longer applicable.
Amendment changes Section 2 of Article II of the Bylaws.

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

OFG BANCORP: Eliminated age limitations for directors by amending Section 2 of Article II of Bylaws (effective 2023-01-25).

Change: bylaw amendment
Effective: 2023-01-25

Exact text from the filing

Effective January 25, 2023, OFG Bancorp (the “Company”) amended Section 2 of Article II of its Bylaws to eliminate any age limitations in connection with serving as a director of the Company.

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OFG BANCORP filing history →

Source: SEC EDGAR

accession 0001030469-23-000007

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