WSFS amends bylaws to allow 25% stockholder special meeting, adopt universal proxy rules

WSFS FINANCIAL CORP

Stockholders holding at least 25% of voting power may demand a special meeting.
Bylaws updated to comply with SEC universal proxy rules (Rule 14a-19) for contested elections.
Meetings may be held solely by remote communication; notices may be delivered electronically.
Advance notice for director nominations: 90-120 days before anniversary of prior annual meeting.
Directors and officers granted indemnification and expense advancement rights per DGCL.

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

WSFS FINANCIAL CORP: Amended bylaws to clarify stockholder meeting logistics, implement universal proxy rules, and make administrative changes (effective 2023-02-23).

Change: bylaw amendment
Effective: 2023-02-23

Exact text from the filing

On February 23, 2023, the Board of Directors (the “Board”) of WSFS Financial Corporation (the “Corporation”) approved amendments to the Corporation’s Amended and Restated Bylaws (as amended, the “Bylaws”).

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WSFS FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001552781-23-000063

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