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
Alarm.com Holdings, Inc.: Adopted amendments to implement proxy access framework, add Rule 14a-19 compliance requirement, and add nominee information/agreement requirements (effective 2023-03-15).
- Change
- bylaw amendment
- Effective
- 2023-03-15
Exact text from the filing
Effective March 15, 2023, the Board of Directors (the “Board”) of Alarm.com Holdings, Inc. (the “Company”) adopted amendments to the Company’s Amended and Restated Bylaws (the “Bylaws”) to (i) implement a proxy access framework that permits a stockholder or a group of up to 20 stockholders owning three percent or more of the Company’s outstanding common stock (on a net long basis) continuously for at least three years to nominate and include in the Company’s proxy materials for any annual meeting director candidates constituting up to the greater of two individuals or 20% of the Board, subject to certain procedural and eligibility requirements and limitations, (ii) make compliance with the applicable provisions of Rule 14a-19 under the Securities Exchange Act of 1934, as amended, a requirement for a stockholder’s eligibility to nominate a director candidate, (iii) add a requirement that all stockholder nominees for director provide certain information, representations and agreements to
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