FMC CORPORATION (NASDAQ:FMC) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal YearItem 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
FMC CORPORATION (NASDAQ:FMC) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Effective December 22, 2016, the Board of Directors (the “Board”) of FMC Corporation (the “Company”) adopted amendments to the Company’s By-Laws to implement proxy access and additional administrative and conforming amendments.
A new Section 2A of Article IV of the By-Laws permits a stockholder (or a group of up to 20 stockholders) owning at least 3% of the number of the Company’s outstanding shares of common stock, continuously for at least three years, to include director nominees in the Company’s annual meeting proxy materials, provided that the stockholders and nominees satisfy the requirements specified in the By-Laws. The Company is not required to include in the proxy statement more nominees than that number of directors constituting the greater of two directors or 20% of the Board, subject to reduction in certain circumstances. The Company’s obligation to include director nominees in the Company’s annual meeting proxy materials is also subject to certain exceptions as set forth in the By-Laws. Written notice of the nomination(s) must be submitted to the Secretary of the Company at its principal executive office no earlier than 150 calendar days and no later than 120 calendar days before the anniversary of the date that the Company mailed its proxy statement for the prior year’s annual meeting of stockholders.
In addition, certain administrative and conforming amendments were made to the By-Laws.
This description is only a summary of the amendments made in the By-Laws and is qualified in its entirety by reference to the amendments to the By-Laws, which are attached hereto as Exhibit 3.1 and are incorporated herein by reference.
ITEM 9.01. Financial Statements and Exhibits.
3.1 Amendment to By-laws of FMC Corporation effective December 22, 2016
About FMC CORPORATION (NASDAQ:FMC)