GM lowers shareholder special meeting threshold from 25% to 15% of voting power

General Motors Co

Board approved amendment effective April 20, 2023.
Threshold reduced to 15% of outstanding voting shares.
Shareholders can now call special meeting with lower ownership requirement.
Amended and Restated Bylaws filed as Exhibits 3.1 and 3.2.

Key facts

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

General Motors Co: Lowered threshold for shareholders to call a special meeting from 25% to 15% of voting power (effective 2023-04-20).

Change: bylaw amendment
Effective: 2023-04-20

Exact text from the filing

On April 20, 2023, the Board of Directors of General Motors Company (the “Company”) approved an amendment to the Company’s Bylaws (the “Amended and Restated Bylaws”), which became effective immediately. The Amended and Restated Bylaws were amended to lower the threshold for shareholders to call a special meeting from shares representing 25 percent of the Company’s voting power to shares representing 15 percent of the Company’s voting power.

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Source: SEC EDGAR

accession 0001193125-23-110552

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