Sonoco amends bylaws to align with SEC universal proxy rules and SC corporate law

SONOCO PRODUCTS CO

Board approved amendments on Oct 17, 2023; effective immediately.
New rules require nominating shareholders to solicit proxies from at least 67% of voting shares.
Nominees limited to number of directors to be elected; non-compliant nominations may be disregarded.
Enhanced disclosure: nominating shareholders must complete a background questionnaire.
Updates also reflect changes to South Carolina Business Corporation Act.

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

SONOCO PRODUCTS CO: Amended By-Laws to align with universal proxy rules and South Carolina BCA changes, effective upon board approval on October 17, 2023 (effective 2023-10-17).

Change: bylaw amendment
Effective: 2023-10-17

Exact text from the filing

On October 17, 2023, the Board of Directors of Sonoco Products Company (the “Company”) approved amendments to the By-Laws of the Company (as amended, the “Amended By-Laws”)

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Source: SEC EDGAR

accession 0001104659-23-110105

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