GM removes irrevocable resignation letter requirement for proxy access shareholder nominees

General Motors Co

Bylaw amendment eliminates requirement that proxy access nominees submit an irrevocable resignation letter.
Resignation previously triggered if nominee's information was materially untrue or nominee failed to comply with obligations.
Bylaws also updated with administrative and clarifying changes; effective October 4, 2024.
Amended and restated bylaws filed as Exhibits 3.1 and 3.2.

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

General Motors Co: Removed requirement that a proxy access shareholder nominee must provide an irrevocable resignation letter subject to certain conditions; also made administrative and clarifying updates (effective 2024-10-04).

Change: bylaw amendment
Effective: 2024-10-04

Exact text from the filing

On October 4, 2024, the Board of Directors (the “Board”) of General Motors Company (the “Company”) approved amendments to the Company’s Bylaws (the “Amended and Restated Bylaws”), which became effective immediately.

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Source: SEC EDGAR

accession 0001193125-24-235250

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