other material
confidence high
sentiment neutral
materiality 0.35
BioMarin amends bylaws to adopt majority voting for directors and tighten advance notice provisions
BIOMARIN PHARMACEUTICAL INC
- Uncontested director elections now require 'for' votes to exceed 'against' votes (majority voting standard).
- Advance notice deadlines clarified; stockholder must appear at meeting or proposal is disregarded.
- Stockholders must update disclosure information as of record date and 10 days before meeting.
- Company may request information on nominee independence; substitute nominees require full disclosure.
- Officers may be removed by majority of directors present at a meeting with a quorum.