Etsy amends bylaws to adopt majority voting for director elections

ETSY INC

Board changed voting standard from plurality to majority for uncontested director elections.
Plurality voting retained for contested elections where number of nominees exceeds seats.
Change effective December 12, 2023; Corporate Governance Guidelines also updated.
Majority voting requires directors to receive more 'for' than 'against' votes to be elected.

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

ETSY INC: Amended and restated Bylaws to change voting standard for director elections from plurality to majority in uncontested elections; retained plurality for contested elections (effective 2023-12-12).

Change: bylaw amendment
Effective: 2023-12-12

Exact text from the filing

amended and restated Etsy’s Bylaws (as amended, the “Bylaws”) to change the voting standard for the election of directors in uncontested elections from a plurality to a majority voting standard.

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Source: SEC EDGAR

accession 0001370637-23-000087

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