RPM International (RPM) has released an update to notify the public and investors about corporate charter and bylaws modifications.
On January 24, 2024, RPM International Inc. amended its By-Laws to include a proxy access provision, allowing a stockholder or a group of up to twenty stockholders holding at least three percent of the company’s outstanding common stock for a minimum of three years to nominate and include director candidates in the company’s proxy materials for its annual meeting. This new Article XV enables nominations of up to two directors or 20% of the board, whichever is greater, provided all specified requirements are met. This amendment is now effective and involves additional related changes.
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For a comprehensive understanding of the announcement, you can read the full document here.
