Amerant Bancorp amends bylaws to adopt majority voting standard for uncontested director elections

Amerant Bancorp Inc.

Adopted majority vote standard for uncontested director elections; plurality vote standard for contested elections.
Directors failing to receive majority in uncontested election must tender resignation to the Board.
Nominating Committee will review resignation and recommend action; Board must decide within 90 days of election certification.
Amendment effective October 18, 2023, as approved by the Board.

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

Amerant Bancorp Inc.: Added Section 2.15 to establish majority and plurality vote standards for director elections and a director resignation policy in uncontested elections, effective October 18, 2023 (effective 2023-10-18).

Change: bylaw amendment
Effective: 2023-10-18

Exact text from the filing

On October 18, 2023, the Board of Directors (the “Board”) of Amerant Bancorp Inc. (the “Company”), acting upon the recommendation of the Board’s Corporate Governance, Nominating and Sustainability Committee, approved an amendment to the Amended and Restated Bylaws of the Company effective as of October 18, 2023 (the “Bylaws”).

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Source: SEC EDGAR

accession 0001734342-23-000069

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