other material
confidence high
sentiment neutral
materiality 0.35
ACI Worldwide adopts majority voting standard for uncontested director elections
ACI WORLDWIDE, INC.
- Board amended bylaws on March 22, 2022 to change voting standard from plurality to majority for uncontested director elections.
- Incumbent directors who fail to receive majority of votes in uncontested election must tender resignation.
- Plurality voting standard remains in effect for contested elections.
- Majority voting standard previously in Corporate Governance Guidelines is now codified in bylaws.