secwatch / observer
8-K filed February 2, 2023, 6:59 PM ET CIK 0001959472
other confidence high sentiment positive materiality 0.40

Kimco Realty adopts proxy access bylaw allowing 3% holders to nominate directors

Kimco Realty OP, LLC

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

Kimco Realty OP, LLC: Amended bylaws to add proxy access provision allowing stockholders owning 3% or more common stock for at least three years to nominate director candidates for up to 20% of the board (effective 2023-01-31).

Change
bylaw amendment
Effective
2023-01-31
Exact text from the filing
On January 31, 2023, the Board of Directors of Kimco Realty Corporation, a Maryland corporation (the “Company”), amended and restated the company’s bylaws (the “Bylaws”) to implement proxy access by adding Article II, Section 14 of the Bylaws to permit a stockholder (or group of up to 20 stockholders), owning 3% or more of the Company’s common stock continuously for at least three years, to nominate and include in the Company’s proxy materials for an annual meeting of stockholders, director candidates constituting up to 20% of the Board elected by holders of the Company’s common stock, provided that the stockholder (or group) and each nominee satisfy the requirements specified in the Bylaws.
View on SEC.gov

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Source: SEC EDGAR
accession 0001206774-23-000127
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