other material
confidence high
sentiment neutral
materiality 0.60
Dell amends bylaws to impose stricter shareholder proposal requirements under Texas law
Dell Technologies Inc.
- Effective July 2, 2026, Board approved amendments electing Section 21.373 of Texas Business Organizations Code.
- Shareholder proposals now require at least $1M market value or 3% of outstanding voting shares, held for six months.
- Proponents must also continue holding through meeting and solicit holders of 67% voting power on proposal.
- Changes apply to proposals submitted under Rule 14a-8.
- Amended and Restated Bylaws filed as Exhibit 3.2.