other
confidence high
sentiment neutral
materiality 0.30
Lincoln Electric amends bylaws; adds exclusive forum provisions, director count range 5-15
LINCOLN ELECTRIC HOLDINGS INC
- Amended advance notice provisions for shareholder proposals and director nominations at annual/special meetings.
- Added procedural and information requirements for special meetings called by shareholders.
- Board size range set at 5-15 directors; number fixed/changed by 2/3 shareholder vote.
- Designated Ohio courts as exclusive forum for certain intra-company and shareholder litigation.
- Designated federal courts as exclusive forum for suits under Securities Act of 1933.