secwatch.observer — SEC 8-K summary
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Issuer:     BOX INC (BOX)
CIK:        0001372612
Form:       8-K
Filed at:   2021-07-06T23:59:59+00:00
Accession:  0001387131-21-007154
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Box eliminates supermajority, adopts majority voting; sets July 12 proposal deadline
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- Eliminated supermajority stockholder vote requirement to alter or repeal bylaws.
- Changed director election standard from plurality to majority of votes cast (plurality retained for contested elections).
- Adopted director resignation policy in connection with majority vote standard.
- Set board refreshment goal of average tenure of 10 years or less for independent directors.
- Added board diversity requirement (comply with law on female and underrepresented communities); 2021 annual meeting proposals due July 12.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1372612/000138713121007154/0001387131-21-007154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1372612/000138713121007154/box-8k_070621.htm
  HTML page:      https://secwatch.observer/filing/0001387131-21-007154

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