Beyond Meat reduces stockholder meeting quorum to one-third of voting power

BEYOND MEAT, INC.

Board approved amended bylaws on April 9, 2023, effective same day.
Quorum for stockholder meetings lowered from majority to one-third of voting power.
Change intended to improve ability to hold stockholder meetings when called.

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

BEYOND MEAT, INC.: Amended quorum requirement for stockholder meetings from majority to one-third of voting power (effective 2023-04-09).

Change: bylaw amendment
Effective: 2023-04-09

Exact text from the filing

Article I, Section 1.5 of the Bylaws was amended to modify the quorum required for the transaction of business at a meeting of stockholders of the Company to provide that the presence, in person or by proxy, of holders of one-third (1/3 rd) of the voting power of the shares of stock issued and outstanding and entitled to vote at the meeting will constitute a quorum for the transaction of business at such meeting

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BEYOND MEAT, INC. filing history →

Source: SEC EDGAR

accession 0001655210-23-000066

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