Sabre Corporation
Extract: Bylaws Amended/Restated (Plain English Desc) from a 8-K on 02/06/2020   Download
SEC Document
SEC Filing
Effective February 5, 2020, the Bylaws (the “Bylaws”) of Sabre Corporation (the “Company”) have been amended and restated to implement proxy access for eligible stockholders.
The amendments added a new Section 2.19 of the Bylaws, which permits a stockholder (or a group of up to 20 stockholders) owning 3% or more of the Company’s outstanding common stock continuously for at least three years to nominate and include in the Company’s proxy materials for an annual meeting of stockholders the greater of (x) two or (y) 20% of the total number of directors in office (in general and rounded down to the nearest whole number), provided that such nominating stockholder(s) and nominee(s) satisfy the requirements specified therein. In addition, the Bylaws contain certain amendments to the notice provisions in Sections 2.4 and 2.16 and to the action without meeting provision in Section 3.10.