Akamai Technologies, Inc.
Extract: Bylaws Amendment (Plain English Desc) from a 8-K on 09/19/2023   Download
SEC Document
SEC Filing

On September 13, 2023, the board of directors (the “Board”) of Akamai Technologies, Inc. (the “Company”) approved an amendment to the Company’s amended and restated by-laws (the “Amendment”), effective immediately. The Amendment provides that a stockholder (or a group of up to 20 stockholders) that has held at least 3% of the Company’s issued and outstanding common stock for three years or more may nominate a number of candidates for director not to exceed 25% (or if such amount is not a whole number, the closest whole number below 25%) of the number of directors in office as of the last day on which a notice of proxy access nomination may be timely delivered pursuant to and in accordance with the Amendment.