Skechers amends bylaws to tighten stockholder nomination rules and comply with universal proxy

SKECHERS USA INC

Revised advance notice provisions require additional disclosures from proposing stockholders and restrict nominees to number of directors being elected.
Universal proxy rules (Rule 14a-19) adopted: no proxy solicitation for non-Board nominees unless compliance met.
Stockholders soliciting proxies must use a proxy card color other than white.
Technical updates to align with Delaware General Corporation Law changes.

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

SKECHERS USA INC: Amended bylaws to revise advance notice provisions, adopt universal proxy rules, restrict proxy solicitation, and make technical updates (effective 2023-03-09).

Change: bylaw amendment
Effective: 2023-03-09

Exact text from the filing

On March 9, 2023, the Board of Directors of the Company approved an amendment of the Company’s bylaws (the “Fourth Amendment”), effective as of the same date.

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Source: SEC EDGAR

accession 0001193125-23-071447

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