Columbia Sportswear amends bylaws to tighten shareholder nomination rules

COLUMBIA SPORTSWEAR CO

Amended and restated bylaws adopted Jan 27, 2023, effective immediately.
Enhanced disclosure requirements for shareholder director nominations, including background info and proxy solicitation intent.
Shareholders soliciting proxies must use a proxy card color other than white.
Company may exclude a nominee from proxy materials if provided information is materially false or incomplete.
Amendments also include ministerial, clarifying, and conforming changes.

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

COLUMBIA SPORTSWEAR CO: Amended and restated bylaws to enhance procedural mechanics for shareholder director nominations, require proxy card color other than white, and allow exclusion of nominees for false information (effective 2023-01-27).

Change: bylaw amendment
Effective: 2023-01-27

Exact text from the filing

On January 27, 2023, the Board of Directors (the “Board”) of Columbia Sportswear Company (the “Company”) approved and adopted amended and restated bylaws (the “2023 Amended and Restated Bylaws”), which became effective the same day.

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Source: SEC EDGAR

accession 0001050797-23-000017

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