Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
LINCOLN ELECTRIC HOLDINGS INC: Lincoln Electric Holdings Inc. amended its Code of Regulations (bylaws) to modernize provisions and comply with new SEC universal proxy rules, including updates to shareholder nomination and proposal procedures, disclosure requirements, and proxy card color rules (effective 2023-02-15).
- Change
- bylaw amendment
- Effective
- 2023-02-15
Exact text from the filing
On February 15, 2023, the Board of Directors (the “Board”) of Lincoln Electric Holdings, Inc. (the “Company”) approved amendments to the Company’s Amended and Restated Code of Regulations (the “Regulations”), which became effective immediately upon adoption. The Board adopted the following amendments in an effort to modernize the Regulations and to comply with the new universal proxy rules adopted by the Securities and Exchange Commission (the “SEC”). Specifically, in addition to other ministerial changes, the amendments to the Regulations: • update the procedural mechanics and disclosure requirements for shareholder nominations of directors and submissions of proposals, including to address rules related to the use of “universal” proxy cards adopted by the SEC under new Rule 14a-19; • update certain procedural mechanics and disclosure requirements for information to be provided in connection with shareholder director nominations or submissions of non-Rule 14a-8 proposals; and • requir
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