Align Technology adopts proxy access bylaw allowing 3% holders to nominate directors

ALIGN TECHNOLOGY INC

Board approved amended bylaws on Feb 27, 2023 adding proxy access for director nominations.
Stockholder or group of up to 20 owning at least 3% of common stock for 3+ years may nominate directors.
Nominees can be up to the greater of 2 individuals or 20% of the Board, subject to bylaw requirements.
Proxy access provision is included in new Section 2.5 of the Amended and Restated Bylaws.

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

ALIGN TECHNOLOGY INC: Amended and restated bylaws to add a proxy access provision allowing stockholders owning at least 3% of stock for three years to nominate directors (effective 2023-02-27).

Change: bylaw amendment
Effective: 2023-02-27

Exact text from the filing

On February 27, 2023, the Board of Directors of Align Technology, Inc, a Delaware corporation (the "Company"), approved an amendment and restatement of the Company’s bylaws to add a proxy access provision (the "Amended and Restated Bylaws").

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ALIGN TECHNOLOGY INC filing history →

Source: SEC EDGAR

accession 0001097149-23-000015

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