J.B. Hunt amends bylaws to adopt proxy access for shareholders holding 3% for 3+ years

HUNT J B TRANSPORT SERVICES INC

Amendment No. 3 adds Section 2.14 to Article II of the bylaws, effective October 19, 2023.
A stockholder or group of up to 20 can nominate up to the greater of 2 directors or 20% of the board.
Requires ownership of at least 3% of outstanding common stock continuously for at least 3 years.
Proxy access is subject to conditions and requirements detailed in the amended bylaws.

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

HUNT J B TRANSPORT SERVICES INC: Added proxy access provisions to Article II of the Bylaws, permitting stockholders to nominate director candidates under specified conditions (effective 2023-10-19).

Change: bylaw amendment
Effective: 2023-10-19

Exact text from the filing

On October 19, 2023, the Board of Directors (the “Board”) of J.B. Hunt Transport Services, Inc. (the “Company”) approved and adopted Amendment No. 3 to the Company’s Second Amended and Restated Bylaws (the “Bylaws”), effective immediately, to include proxy access provisions.

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Source: SEC EDGAR

accession 0001437749-23-028815

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