LPL Financial amends bylaws to align with SEC universal proxy rules and DGCL updates

LPL Financial Holdings Inc.

Amended Section 1.2 to require stockholder nomination notices to include intent to solicit proxies per Rule 14a-19.
Company will disregard proxies for nominees if stockholder fails to comply with Rule 14a-19(a)(2) and (3).
Section 1.8: white proxy card reserved for exclusive use by the Company.
Section 1.11: eliminated requirement to have stockholder list at meetings; updated adjournment communication rules.

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

LPL Financial Holdings Inc.: Amended and restated bylaws to address universal proxy rules and DGCL amendments, revising Sections 1.2, 1.4, 1.8, and 1.11 (effective 2024-02-15).

Change: bylaw amendment
Effective: 2024-02-15

Exact text from the filing

On February 15, 2024, the Board of Directors (the “Board”) of LPL Financial Holdings Inc. (the “Company”) amended and restated the Company’s Sixth Amended and Restated Bylaws in connection with (i) the effectiveness of the rules of the Securities and Exchange Commission regarding universal proxy cards and (ii) amendments to the Delaware General Corporation Law (the “DGCL”).

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Source: SEC EDGAR

accession 0001193125-24-040007

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