MGP Ingredients ( (MGPI) ) has issued an update.
MGP Ingredients, Inc.’s Board of Directors has approved immediate amendments to the company’s bylaws, introducing several key changes to modernize and streamline corporate governance. These changes include compliance requirements for stockholders using the Universal Proxy Rules, allowing majority written consent for preferred stock actions, and providing the Board the authority to fill vacancies until the next annual meeting. Additionally, the bylaws have been updated to reflect current electronic communication practices and other procedural modifications.
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