other material
confidence high
sentiment neutral
materiality 0.35
Box adopts proxy access bylaw amendment allowing 3% stockholders to nominate directors
BOX INC
- New Section 2.15 permits stockholders owning 3%+ of outstanding common stock for ≥3 years to nominate director candidates.
- A group of up to 20 stockholders may aggregate ownership to meet the 3% threshold.
- Proxy access allows nomination of the greater of two directors or 20% of board seats.
- Amendment effective September 5, 2021, adopted by Board after stockholder engagements.