---
schema_version: "secwatch.filing_event.v1"
accession: "0001321732-22-000079"
form_type: "8-K"
ticker: "PEN"
cik: "0001321732"
company_name: "Penumbra Inc"
filed_at: "2022-08-05T23:59:59+00:00"
generated_at: "2026-06-24T03:13:50.789636+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Penumbra adopts proxy access bylaw allowing 3% holders to nominate directors

## Summary
- 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.

## SEC filing metadata
- accession: 0001321732-22-000079
- form_type: 8-K
- ticker: PEN
- cik: 0001321732
- company_name: Penumbra Inc
- filed_at: 2022-08-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1321732/000132173222000079/0001321732-22-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1321732/000132173222000079/pen-20220801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001321732-22-000079
- JSON: https://secwatch.observer/filing/0001321732-22-000079.json
- Plain text: https://secwatch.observer/filing/0001321732-22-000079.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.