ILG,Inc. (NASDAQ:ILG) Files An 8-K Other EventsITEM 8.01 Other Events.
The Board of Directors (the “Board”) of ILG, Inc. has amended the ILG Corporate Governance Guidelines to adopt a majority vote policy for the election of directors (the “Policy”). Under the Policy, any nominee for director who receives more “withheld” votes than “for” votes in an uncontested election must submit a written offer to resign as director. The Policy provides that any such resignation will be evaluated by the Board’s Nominating Committee and the Board in accordance with their fiduciary duties to, and in furtherance of the best interests of, ILG and its shareholders and, within 90 days after the election, the independent members of the Board are to determine whether to accept, reject or take other appropriate action with respect to, the resignation. The Policy also requires that if the Board takes any action, other than accepting the resignation, such action and the reasons therefor will be disclosed in a Form 8-K furnished to the Securities and Exchange Commission.
The ILG Corporate Governance Guidelines containing the Policy are available on ILG’s website, at www.iilg.com on the Investor Relations page under the Corporate Governance section, which website is not to be considered a part of this report or incorporated herein by reference.
