East West Bancorp adopts proxy access bylaw, amends other governance provisions

EAST WEST BANCORP INC

Proxy access permits stockholder or group of up to 20 owning 3% for 3 years to nominate up to 2 directors or 20% of board.
Bylaw effective for 2024 annual meeting; nominations due 120-150 days before proxy mailing anniversary.
Amendments also update compliance with Rule 14a-19 and reflect recent Delaware corporate law changes.
Bylaws include clerical and conforming changes; full text in Exhibit 3.1.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

EAST WEST BANCORP INC: Amended and restated bylaws to implement stockholder proxy access, update Rule 14a-19 compliance, and incorporate Delaware law changes (effective 2023-03-14).

Change: bylaw amendment
Effective: 2023-03-14

Exact text from the filing

On March 14, 2023, the Board of Directors of East West Bancorp, Inc. (the “Company”) adopted and approved, effective as of such date, amended and restated bylaws of the Company (as amended and restated, the “Bylaws”).

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Source: SEC EDGAR

accession 0001069157-23-000033

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