Lumen shareholders approve 2M share increase to 2018 Equity Plan; Board adopts bylaws updates

Lumen Technologies, Inc.

Shareholders approved Second Amended 2018 Equity Plan, increasing share reserve to 77.6M shares (+2M).
Plan removes annual limit on maximum shares in any award to an individual.
Board adopted Restated Bylaws updating director nomination procedures to comply with Rule 14a-19.
All 10 director nominees elected; KPMG ratified as auditor; say-on-pay passed; annual frequency vote approved.
Board will hold annual executive compensation vote until at least 2029.

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

Lumen Technologies, Inc.: Amended and restated bylaws effective immediately, including updates to director nomination procedural requirements and disclosure provisions, along with ministerial changes (effective 2023-05-17).

Change: bylaw amendment
Effective: 2023-05-17

Exact text from the filing

On May 17, 2023, the Board of Directors of the Company approved and adopted an amendment and restatement of the Company’s Amended and Restated By-Laws (as amended and restated, the “Restated Bylaws”), effective immediately.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.7

Lumen Technologies, Inc. shareholders approved Approval of Second Amended and Restated 2018 Equity Incentive Plan at the 2023-05-17 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2023-05-17

Exact text from the filing

the Company’s shareholders approved the Second Amended and Restated 2018 Equity Incentive Plan

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Lumen Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-149305

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