Akamai amends bylaws to adopt proxy access for director nominations

AKAMAI TECHNOLOGIES INC

Stockholders holding 3%+ of common stock for 3+ years may nominate directors.
Maximum nominees capped at 25% of board seats (rounded down to whole number).
Group of up to 20 stockholders can aggregate holdings to meet the 3% threshold.
Amendment effective immediately upon board approval on September 13, 2023.

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

AKAMAI TECHNOLOGIES INC: Amendment to by-laws to add proxy access provisions for director nominations (effective 2023-09-13).

Change: bylaw amendment
Effective: 2023-09-13

Exact text from the filing

On September 13, 2023, the board of directors (the “Board”) of Akamai Technologies, Inc. (the “Company”) approved an amendment to the Company’s amended and restated by-laws (the “Amendment”), effective immediately.

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Source: SEC EDGAR

accession 0001193125-23-237687

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