8-K
filed April 29, 2025, 7:59 PM ET
ticker SEM
CIK 0001320414
other material
confidence high
sentiment neutral
materiality 0.45
Select Medical shareholders approve director comp policy and eliminate supermajority voting
SELECT MEDICAL HOLDINGS CORP
- Stockholders approved a Non-Employee Director Compensation Policy with $18,000 quarterly cash retainer and $200,000 annual equity grant.
- Charter amended to eliminate supermajority voting requirements; voting threshold reduced to majority of outstanding shares.
- Bylaws amended to reduce voting threshold to majority for amending bylaws and removing directors for cause.
- Four Class I directors elected: Russell Carson, Katherine Davisson, William Frist, Marilyn Tavenner.
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
SELECT MEDICAL HOLDINGS CORP: Reduced voting threshold to a majority of outstanding shares to amend the Bylaws and remove a Director for cause, effective upon the Charter amendment (effective 2025-04-28).
- Change
- bylaw amendment
- Effective
- 2025-04-28
Exact text from the filing
The Board previously also approved an amendment to the Bylaws, which became effective upon the effectiveness of the foregoing amendment to the Charter.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
SELECT MEDICAL HOLDINGS CORP: Eliminated supermajority voting requirements from the Charter, reducing voting threshold to a majority of outstanding shares to amend the Bylaws and certain enumerated provisions of the Charter (effective 2025-04-28).
- Change
- charter amendment
- Effective
- 2025-04-28
Exact text from the filing
The amendment of the Charter became effective upon the filing of a certificate of amendment with the Delaware Secretary of State on April 28, 2025.
View on SEC.gov
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