AutoNation, Inc. (NYSE:AN) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03. Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.
AutoNation, Inc. (the Company) amended and restated the Companys
By-Laws (as so amended and restated, the By-Laws), effective
immediately, primarily to implement proxy access. Section 13 of
Article III has been added to the By-Laws to permit a
stockholder, or a group of up to 20 stockholders, owning three
percent or more of the Companys outstanding common stock
continuously for at least three years to nominate and include in
the Companys proxy materials director candidates constituting up
to the greater of two individuals or 20% of the Board, provided
that the stockholder(s) and the nominee(s) satisfy the
requirements and conditions specified in the By-Laws. Proxy
access will first be available to stockholders in connection with
the Companys 2018 annual meeting of stockholders.
and refinements to the advance notice by-laws contained in
Section 7 of Article II and Section 2 of Article III. In
addition, new Section 14 of Article III adds a requirement that
all nominees for director provide certain information,
representations, and agreements to the Company in order to be
eligible for election.
summary only and is qualified in its entirety by reference to the
full text of the By-Laws, a copy of which is included as Exhibit
3.1 to this report and incorporated by reference herein.
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Exhibits
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December 12, 2016.
About AutoNation, Inc. (NYSE:AN)
AutoNation, Inc. is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources. It operates through three segments, including Domestic, Import and Premium Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and FCA US. The Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda and Nissan. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured by Mercedes-Benz, BMW, Audi and Lexus. AutoNation, Inc. (NYSE:AN) Recent Trading Information
AutoNation, Inc. (NYSE:AN) closed its last trading session up +0.64 at 48.60 with 557,530 shares trading hands.