Axon adopts proxy access and exclusive forum provisions in bylaw amendments

AXON ENTERPRISE, INC.

Proxy access allows 3%-owned stockholders (held 3+ years) to nominate up to 2 directors or 20% of board.
Universal proxy rule compliance required; stockholders must certify compliance 7 business days before meeting.
Delaware Chancery Court designated exclusive forum for stockholder disputes; federal courts for Securities Act claims.
Updated nomination deadlines: timely notice 120-90 days before prior year annual meeting anniversary.
Other changes include proxy card color requirements and adjournment procedures per DGCL updates.

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

AXON ENTERPRISE, INC.: Amended bylaws to add proxy access, update universal proxy rules, adjust nomination deadlines, add forum selection clauses, and make other administrative changes (effective 2023-12-20).

Change: bylaw amendment
Effective: 2023-12-20

Exact text from the filing

On December 20, 2023, the Board of Directors (the "Board") of Axon Enterprise, Inc. (the "Company" or "Axon") adopted and approved amendments (the "Amendments") to the Company's bylaws (the "Bylaws"), which became effective immediately.

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AXON ENTERPRISE, INC. filing history →

Source: SEC EDGAR

accession 0001069183-23-000063

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