Etsy amends bylaws to add proxy access for 3% holders for 3+ years

ETSY INC

Proxy access allows a stockholder or group of up to 20 to nominate up to 2 directors or 20% of board (greater).
Owners must hold at least 3% of outstanding voting power continuously for at least 3 years.
Bylaws also update director nomination procedures and conform to recent Delaware law changes.
Effective November 30, 2022; full text in Exhibit 3.1.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ETSY INC: Amended and restated bylaws to add a proxy access provision, allowing a stockholder or group of up to 20 stockholders owning at least 3% of voting power for at least 3 years to nominate director nominees constituting up to the greater of two directors or 20% of directors to be elected, with certain (effective 2022-11-30).

Change: bylaw amendment
Effective: 2022-11-30

Exact text from the filing

On and effective as of November 30, 2022, the Board of Directors of Etsy, Inc. (“Etsy”) amended and restated Etsy’s Bylaws (as amended, the “Bylaws”) to add a proxy access provision, among other amendments.

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ETSY INC filing history →

Source: SEC EDGAR

accession 0001370637-22-000084

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