Envestnet declassifies board; annual director elections begin in 2024

ENVESTNET, INC.

Board adopted Restated By-laws effective March 14, 2024, declassifying the board.
Phase-in of annual director elections over two years, starting with 2024 annual meeting.
Directors elected to one-year terms may be removed with or without cause.
Restated By-laws also include ministerial, modernizing, clarifying, and conforming changes.

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

ENVESTNET, INC.: Board declassified and phased in annual director elections starting 2024 annual meeting; director removal clarified to with or without cause; and ministerial, modernizing, clarifying and conforming changes adopted (effective 2024-03-14).

Change: bylaw amendment
Effective: 2024-03-14

Exact text from the filing

On March 14, 2024, the Board of Directors (the “Board”) of Envestnet, Inc. (the “Company”) amended and restated the Company’s By-laws (the “Restated By-laws”), effective March 14, 2024.

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Source: SEC EDGAR

accession 0001213900-24-022801

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