Waste Management, Inc.
20201118172231791 in a 8-K on 11/18/2020   Download
SEC Document
SEC Filing

On November 17, 2020, the Board of Directors (the “Board”) approved the amended and restated by-laws of the Company (the “Amended and Restated By-laws”), effective as of November 18, 2020. The Amended and Restated By-laws (i) include a new Section 2.17 that serves to opt-out of Section 116 of the General Corporation Law of the State of Delaware (the “DGCL”) by requiring that notices and other information or documents provided by stockholders to the Company pursuant to by-law requirements must be delivered in writing and (ii) provide that the number of nominees that a stockholder seeks to nominate for election to the Board under the advance notice by-law provision may not exceed the number of directors to be elected at the meeting. The Amended and Restated By-laws also include minor clarifications and changes intended to respond and conform to recent amendments to the DGCL.