other material
confidence high
sentiment neutral
materiality 0.40
KKR amends charter to exculpate officers and eliminate Series C preferred stock
KKR & Co. Inc.
- Officers exculpated for monetary damages for breach of fiduciary duty.
- Indemnification rights removed for affiliates that are not subsidiaries.
- Series C Mandatory Convertible Preferred Stock eliminated; shares restored to authorized preferred.
- Bylaws amended to update Conflicts Committee responsibilities.
- Amendments effective August 5, 2024.