NexTier amends bylaws for universal proxy rules and director resignation policy

NEXTIER OILFIELD SOLUTIONS INC.

Amended bylaws adopted April 18, 2023 to comply with SEC Rule 14a-19 universal proxy rules.
Stockholders nominating directors must certify compliance with Rule 14a-19; non-compliant nominations may be disregarded.
Added resignation policy for incumbent directors who fail to receive majority vote in reelection.
Removed references to Keane Control Group ownership rights that are no longer applicable.

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

NEXTIER OILFIELD SOLUTIONS INC.: Board approved and adopted amendments to Bylaws to address new universal proxy rules, added nomination compliance requirements and resignation policy for directors, effective as of April 18, 2023 (effective 2023-04-18).

Change: bylaw amendment
Effective: 2023-04-18

Exact text from the filing

On April 18, 2023, the Board of Directors (the “Board”) of NexTier Oilfield Solutions Inc. (the “Company”), acting upon recommendation of its Nominating and Corporate Governance Committee, approved and adopted amendments to its Bylaws (as amended, the “Amended and Restated Bylaws”), effective as of the date of adoption.

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Source: SEC EDGAR

accession 0001688476-23-000057

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