Gilead reduces special-meeting ownership threshold to 15% from 20%

GILEAD SCIENCES, INC.

Board amended bylaws to lower ownership threshold for calling a special meeting to 15% of outstanding common stock.
Previous threshold was 20%; change effective February 6, 2023.
One or more stockholders in aggregate must hold at least 15% to call a special meeting.

item 5.03 item 9.01

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

GILEAD SCIENCES, INC.: Reduced ownership threshold for calling special meeting from 20% to 15% (effective 2023-02-06).

Change: bylaw amendment
Effective: 2023-02-06

Exact text from the filing

Effective February 6, 2023, the Board of Directors (the “Board”) of Gilead Sciences, Inc., a Delaware corporation (the “Company”), adopted Amended and Restated Bylaws to reduce the ownership threshold required to call a special meeting of stockholders to provide that one or more stockholders owning in the aggregate not less than fifteen percent (15%) of the Company’s outstanding common stock shall have the right to call a special meeting.

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Source: SEC EDGAR

accession 0001104659-23-011167

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