Fortive amends bylaws to adopt universal proxy rule requirements

Fortive Corp

Board adopted amended and restated bylaws effective November 3, 2022.
Stockholder nominees must comply with Rule 14a-19 and solicit proxies from at least 67% of voting power.
Nominees must not enter undisclosed voting agreements and must provide required questionnaires/information.
Company may disregard nominations if the proposing stockholder or nominee fails to comply with bylaw requirements.
Amendments also include minor ministerial and conforming changes (e.g., deletion of expired transition provision).

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Fortive Corp: Amended bylaws to implement universal proxy rules, adding requirements for stockholder nominees and solicitation thresholds (effective 2022-11-03).

Change: bylaw amendment
Effective: 2022-11-03

Exact text from the filing

On November 3, 2022, the board of directors of Fortive Corporation, a Delaware corporation (the “ Company ”), adopted the Company’s amended and restated bylaws (the “ Amended Bylaws ”), effective as of such date, in connection with the universal proxy rules adopted by the U.S. Securities and Exchange Commission.

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Source: SEC EDGAR

accession 0001193125-22-280200

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