Conagra Brands, Inc.
Extract: Bylaws Amended/Restated (Plain English Desc) from a 8-K on 07/28/2020   Download
SEC Document
SEC Filing

On July 23, 2020, and effective as of such date, the Board also approved an amendment to the Bylaws to permit eligible stockholders to include stockholder-nominated director candidates in the Company’s proxy materials for its annual shareholder meetings (the “Proxy Access Bylaw”). The Proxy Access Bylaw provides that any stockholder, or group of up to 20 stockholders, that has owned at least 3% of the Company’s outstanding common stock continuously for at least the previous three years may nominate and include in the Company’s proxy materials director nominees constituting up to the greater of (i) two directors and (ii) 20% of the number of the directors then serving on the Board, provided that the stockholder(s) and the nominee(s) satisfy the requirements specified in the Proxy Access Bylaw.