Arista Networks adopts proxy-access bylaw for 3% holders with 3-year holding period

Arista Networks, Inc.

Amended bylaws effective Dec 18, 2023 include proxy access provision.
Stockholder or group of up to 20 with ≥3% ownership for ≥3 years may nominate directors.
Maximum nominees: greater of 2 or 20% of board seats.
Amendment also includes clarifying and ministerial changes.

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

Arista Networks, Inc.: Adopted amended and restated bylaws adding proxy access provision for stockholders to include director nominees in proxy materials (effective 2023-12-18).

Change: bylaw amendment
Effective: 2023-12-18

Exact text from the filing

On December 18, 2023, the Board of Directors (the “Board”) of Arista Networks, Inc. (the “Company”), acting upon the recommendation of the Board’s Nominating and Corporate Governance Committee, adopted amended and restated bylaws (the “Amended and Restated Bylaws”), which became effective immediately.

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Arista Networks, Inc. filing history →

Source: SEC EDGAR

accession 0001596532-23-000349

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