other material
confidence high
sentiment neutral
materiality 0.30
Baxter amends bylaws: majority voting, exclusive federal forum, stricter advance notice
BAXTER INTERNATIONAL INC
- Default voting standard for non-director matters changed to majority of shares entitled to vote (was plurality).
- Stockholders using universal proxy rules must comply with SEC rules and provide evidence upon request.
- Advance notice requirements enhanced; update deadline reduced to five business days after record date.
- Exclusive federal district court forum established for claims under the Securities Act of 1933.
- Stockholder soliciting proxies from others must use a proxy color other than white.