other
confidence high
sentiment neutral
materiality 0.20
First American adopts majority voting for uncontested director elections
First American Financial Corp
- Board unanimously approved amendment to Section 3.2 of Bylaws on January 19, 2022.
- Majority voting applies in uncontested elections; plurality voting remains for contested elections.
- Directors who fail to receive majority of votes cast must promptly tender resignation per updated policy.
- Amendment effective immediately.