other material
confidence high
sentiment neutral
materiality 0.20
ServiceNow adopts bylaw amendments including forum selection and universal proxy updates
ServiceNow, Inc.
- New exclusive forum provision designates Delaware Chancery Court for certain stockholder actions, and federal district courts for Securities Act claims.
- Notice window for stockholder proposals and director nominations changed to 90–120 days before annual meeting anniversary.
- Amendments incorporate SEC universal proxy rules; requires white proxy cards be reserved for Board nominees only.
- Removed classified board provisions (board declassified in 2023); eliminated stockholder list inspection requirement per Delaware law.