Lamb Weston amends bylaws; adds proxy access for 3%+ holders starting 2024

Lamb Weston Holdings, Inc.

Board approved amended bylaws effective March 23, 2023, with several governance updates.
New proxy access right: holder(s) of 3%+ stock for 3 years can nominate up to 20% of directors starting 2024 annual meeting.
Procedures updated for director nominations, including universal proxy rules and Board’s exclusive use of white proxy card.
Shares will be uncertificated; other administrative and DGCL-related changes.

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

Lamb Weston Holdings, Inc.: Amended and restated bylaws to update stockholder nomination and proposal procedures, implement proxy access, and make other changes (effective 2023-03-23).

Change: bylaw amendment
Effective: 2023-03-23

Exact text from the filing

On March 23, 2023, the Board of Directors (the “Board”) of Lamb Weston Holdings, Inc. (“LW” or the “Company”) approved an amendment and restatement of the Company’s Bylaws, effective immediately (as so amended and restated, the “Amended Bylaws”).

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Lamb Weston Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-036640

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