Crown Castle amends bylaws to remove 'Acting in Concert' provisions after Elliott challenge

CROWN CASTLE INC.

Board adopted 2023 By-laws on Dec 6, 2023, removing 'Acting in Concert' provisions that could hinder stockholder proposals.
Elliott Investment Management identified that prior bylaw language could interfere with stockholder nominations.
Company commits to evaluate other shareholder concerns regarding director nomination ability in good faith.
Full text of the amended and restated by-laws filed as Exhibit 3.1 to the 8-K.

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

CROWN CASTLE INC.: Amended and restated bylaws to remove Acting in Concert provisions regarding stockholder proposals and director nominations (effective 2023-12-06).

Change: bylaw amendment
Effective: 2023-12-06

Exact text from the filing

On December 6, 2023, the Board amended and restated its By-laws (as amended and restated, "2023 By-laws"), effective immediately, removing the Acting in Concert provisions in the By-laws that required that stockholders seeking to submit proposals or to nominate director candidates provide the Company with information which could be difficult for such stockholders to obtain.

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Source: SEC EDGAR

accession 0001051470-23-000171

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