EnPro Industries, Inc.
Extract: Bylaws Amended/Restated (Plain English Desc) from a 8-K on 10/31/2019   Download
SEC Document
SEC Filing
On October 30, 2019, in connection with its periodic review of corporate governance matters, the Board of Directors of EnPro Industries, Inc. (the “Company”) adopted, effective immediately, the Company’s Amended and Restated Bylaws (as amended, the “Bylaws”). The Bylaws include amendments providing enhanced advance notice disclosure requirements for shareholder proposals of business or director nominations in connection with meetings of shareholders. The amendments, which are designed to foster greater transparency and a more orderly shareholder meeting process, among other things, expand the information that shareholder proponents and others (each a “Proposing Person”) must disclose to the Company to include the Proposing Person’s direct and indirect ownership interests, derivative interests, dividend and voting rights, and other rights or interests connected to the Company’s stock and updates of specified required disclosures, if necessary, as of the record date for the applicable meeting. The Bylaws also delete an obsolete provision that addressed the timing for delivery of shareholder notices in connection with the Company’s first annual shareholders meeting as a public company in 2003. In addition, the Bylaws make certain conforming and numbering changes.