other material
confidence high
sentiment neutral
materiality 0.30
Penumbra adopts proxy access bylaw allowing 3% holders to nominate directors
Penumbra Inc
- Board adopted Second Amended and Restated Bylaws effective August 1, 2022, adding proxy access.
- Eligible stockholders (or groups up to 20) with at least 3% ownership for 3 years may nominate directors.
- Maximum nominees: greater of 25% of board seats or 2 directors; reduction applies if proxy-access-elected director stands for reelection.
- Proxy access first available for the 2023 annual meeting; conforming changes to nomination notice requirements.