Utz Brands amends bylaws to update director nomination and proxy rules

Utz Brands, Inc.

Bylaws amended effective March 21, 2023, to enhance stockholder nomination disclosure requirements.
Amendments align with SEC universal proxy card rules under Rule 14a-19 of the Exchange Act.
Stockholder nominees may be disregarded if nominating stockholder fails to provide compliance evidence.
Changes also address proxy card color reserved for company use and include conforming updates.
Board has authority to amend bylaws under Delaware law and the company's certificate of incorporation.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Utz Brands, Inc.: Amended and restated bylaws to update director nomination procedures and disclosure requirements, adopt universal proxy card rules, and make conforming changes (effective 2023-03-21).

Change: bylaw amendment
Effective: 2023-03-21

Exact text from the filing

On March 21, 2023, the Board of Directors (the “Board”) of Utz Brands, Inc. (the “Company”) amended and restated the Company’s bylaws (the “Bylaws”) to update the procedures and disclosure requirements for the nomination of director candidates for election at meetings of stockholders, including to require additional information in a notice of nomination submitted by a stockholder, and to address the adoption by the U.S. Securities and Exchange Commission of the “universal proxy card” rules, as set forth in Rule 14a-19 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

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Source: SEC EDGAR

accession 0001739566-23-000046

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