other material
confidence high
sentiment positive
materiality 0.50
CoStar Group amends bylaws to add proxy access, special meeting right, simple majority voting
COSTAR GROUP, INC.
- Holders of 25% of outstanding common stock can call a special meeting.
- Proxy access: stockholder/group of up to 20 owning 3% for 3 years can nominate up to 2 or 20% of board.
- Eliminated supermajority voting requirements; all stockholder votes now simple majority.
- Other clarifications to advance notice provisions and Delaware law compliance.