Radian Group amends bylaws to restrict proxy card color and nominee limits for stockholder meetings

RADIAN GROUP INC

Bylaw Section 4.13 amended: stockholder nominees cannot exceed number of directors to be elected.
New Bylaw Section 4.14: stockholder proxy cards must be a color other than white; white reserved for Board.
Amendments approved by Board on November 15, 2023, effective immediately.
Changes part of regular corporate governance review; no financial or operational impact.

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

RADIAN GROUP INC: Amended bylaws to clarify that number of nominees may not exceed number of directors to be elected and to reserve white proxy card for board use (effective 2023-11-15).

Change: bylaw amendment
Effective: 2023-11-15

Exact text from the filing

On November 15, 2023, the Board of Directors of Radian Group Inc. (the “Company”), as part of its regular course review of the Company’s corporate governance documents, approved amendments to the Company’s Amended and Restated By-laws (as further amended, the “Fourth Amended and Restated By-laws”) pertaining to meetings of the Company’s stockholders to: (i) clarify in Section 4.13 of the Fourth Amended and Restated By-laws that the number of nominees a stockholder may nominate may not exceed the number of directors to be elected at the meeting; and (ii) provide in Section 4.14 of the Fourth Amended and Restated By-laws that the proxy card used by any stockholder directly or indirectly soliciting proxies from other stockholders must be a card color other than white (with the white card to be reserved for the exclusive use by the Company’s Board of Directors).

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Source: SEC EDGAR

accession 0001193125-23-280663

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