secwatch.observer — SEC 8-K summary
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Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001097149-23-000015
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714923000015/0001097149-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714923000015/algn-20230227.htm
  HTML page:      https://secwatch.observer/filing/0001097149-23-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer