Robinhood amends bylaws to adopt universal proxy card rules, DGCL changes

Robinhood Markets, Inc.

Board approved Amended and Restated Bylaws effective December 14, 2022.
Updates procedures for director nominations and stockholder proposals to comply with SEC universal proxy card rules.
Requires stockholders making nominations to provide representations and documentation per Rule 14a-19.
Limits number of nominees a stockholder may nominate to number of directors to be elected.
Clarifies procedures for meeting adjournment, notice, stockholder lists per recent DGCL amendments.

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

Robinhood Markets, Inc.: Board approved Amended and Restated Bylaws to incorporate amendments related to universal proxy card rules and DGCL changes, effective immediately (effective 2022-12-14).

Change: bylaw amendment
Effective: 2022-12-14

Exact text from the filing

On December 14, 2022, as part of its periodic review of corporate governance matters and in connection with the new Securities and Exchange Commission rules regarding the use of “universal proxy cards” and certain recent changes to the Delaware General Corporation Law (the “ DGCL ”), the Board of Directors (the “ Board ”) of Robinhood Markets, Inc. (the “ Company ”) approved the Company’s Amended and Restated Bylaws (the “ Amended Bylaws ”), which became effective the same day.

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Source: SEC EDGAR

accession 0001193125-22-307480

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