Brighthouse Financial amends bylaws; adopts majority voting in uncontested elections, updates proxy rules

Brighthouse Financial, Inc.

Changed from plurality to majority voting in uncontested board elections.
Updated stockholder nomination and proposal disclosure rules; requires compliance with SEC universal proxy rule (Rule 14a-19).
Reflects recent Delaware DGCL amendments on meeting notice, stockholder list inspection, and adjourned meetings.
Limits number of nominees a stockholder may propose; requires nominee representation of intent to serve full term.

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

Brighthouse Financial, Inc.: Adopted amended and restated bylaws, effective January 26, 2023, updating provisions related to stockholder meetings, notice, stockholder list, adjourned meetings, stockholder nominations, and director election voting (changed from plurality to majority in uncontested elections) (effective 2023-01-26).

Change: bylaw amendment
Effective: 2023-01-26

Exact text from the filing

On January 26, 2023, the Board of Directors (the “Board”) of Brighthouse Financial, Inc. adopted the Amended and Restated Bylaws of Brighthouse Financial, Inc. (as amended and restated, the “Bylaws”), effective on such date.

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Brighthouse Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001685040-23-000003

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