Fastenal Company
Extract: Bylaws Amended/Restated (Plain English Desc) from a 10-K on 02/06/2024   Download
SEC Document
SEC Filing
On February 2, 2024, our board of directors amended and restated our by-laws as a result of a periodic review of best practices and the SEC's adoption of the universal proxy rules.
The amendments:
(i) Make certain limited updates to the procedural mechanics for meetings of shareholders and clarify that the chair of a shareholder meeting may adjourn a meeting for any reason;
(ii) Include express authorization of electronic and telephonic proxies and add a requirement that a shareholder soliciting proxies must use a proxy card color other than white, in order to avoid shareholder confusion; and
(iii) Make various other conforming, technical, and non-substantive changes.