Urban Edge Properties adopts proxy access; opts out of Maryland Business Combination Act; restricts poison pills

Urban Edge Properties

Adopted proxy access: shareholder or group of up to 20 owning 3%+ for 3 years may nominate up to 2 or 20% of board members.
Opted out of Maryland Business Combination Act; repeal requires shareholder approval.
Amended guidelines to require shareholder approval for poison pills unless plan expires within 1 year and is ratified.
Changes effective February 25, 2022.

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