TPI Composites adopts majority voting standard for director elections, commits to remove supermajority requirements

TPI COMPOSITES, INC

Board approved amendment to bylaws implementing majority voting for uncontested director elections, effective Jan 1, 2023.
Board committed to stockholder vote at 2023 annual meeting to eliminate supermajority vote requirements in charter and bylaws.
Board already seeking stockholder approval to declassify the Board at the 2022 annual meeting.
Majority voting requires each nominee to submit irrevocable resignation if they don't receive more for than against votes; plurality continues for contested elections.

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