other
confidence high
sentiment neutral
materiality 0.20
Frontdoor amends charter and bylaws; increases vote threshold for future amendments
Frontdoor, Inc.
- Stockholders approved charter amendments requiring majority vote to amend charter or bylaws, effective after 2022 annual meeting.
- Company filed Certificate of Amendment to rename from 'frontdoor, inc.' to 'Frontdoor, Inc.'
- Bylaws updated to allow electronic transmission of notices and add advance notice requirements for stockholder nominations.
- Advancement of expenses for officers/directors deemed a contract right that cannot be diminished retroactively.
- Eliminated duplicative bylaw section on director reliance on accounts and reports; other minor clarifying changes.