other
confidence high
sentiment neutral
materiality 0.10
ON Semiconductor amends bylaws to add proxy access, virtual meeting provisions
ON SEMICONDUCTOR CORP
- Amended Article II to allow eligible stockholders to include director nominees in proxy materials.
- Permits virtual stockholder meetings and electronic transmission of meeting notices.
- Clarifies duties of stockholders submitting nominations and states Board may solicit against them.
- Article III codified director powers, election, qualification, vacancy-filling, resignation, and removal procedures.
- Added indemnification provisions in Article VII consistent with the Certificate of Incorporation.