secwatch.observer — SEC 8-K summary
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Issuer:     Penumbra Inc (PEN)
CIK:        0001321732
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001321732-22-000079
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1321732/000132173222000079/0001321732-22-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1321732/000132173222000079/pen-20220801.htm
  HTML page:      https://secwatch.observer/filing/0001321732-22-000079

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer