Textron amends By-Laws to adopt universal proxy rules and other governance changes

TEXTRON INC

Amended By-Laws effective Feb 21, 2024, implementing Rule 14a-19 universal proxy requirements.
Nominating shareholders must comply with SEC universal proxy rules and solicit holders of ≥67% voting power.
Limits number of nominees per stockholder to number of directors to be elected at meeting.
Designates federal district courts as exclusive forum for claims under Securities Act of 1933.
Conforms portions of By-Laws to Delaware law and makes technical, clarifying changes.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

TEXTRON INC: Amended and restated By-Laws to address universal proxy rules and corporate governance matters (effective 2024-02-21).

Change: bylaw amendment
Effective: 2024-02-21

Exact text from the filing

On February 21, 2024, the Board of Directors of Textron Inc. (“Textron” or the “Company”) amended and restated the Company’s By-Laws (the “By-Laws”), to be effective immediately.

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Source: SEC EDGAR

accession 0001552781-24-000048

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