Compass Minerals International, Inc.
Extract: Bylaws Amended/Restated (Plain English Desc) from a 8-K on 12/30/2020   Download
SEC Document
SEC Filing
On December 26, 2020, the Board of Directors (the “Board”) of Compass Minerals International, Inc. (the “Company”) approved and adopted the amendment and restatement of the Company’s existing Amended and Restated By-Laws (as amended and restated, the “2020 Amended and Restated By-Laws”) to implement proxy access.

The 2020 Amended and Restated By-Laws permit a stockholder, or group of up to 20 stockholders, owning at least 3% 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 director nominees constituting up to the greater of two nominees or 20% of the Board. The stockholders’ proxy access rights are subject to the satisfaction of conditions and other requirements by the stockholders and the director nominees as specified in the 2020 Amended and Restated By-Laws. The amendment and restatement took effect upon approval and adoption by the Board.