Lincoln National Corporation (NYSE:LNC) 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
National Corporation (“LNC” or the “Company”), on
recommendation of the Company’s Corporate Governance Committee,
approved an amendment to the Company’s Amended and Restated
Bylaws (the “Bylaws”), to implement proxy access as a means for
the Company’s shareholders to include shareholder-nominated
director candidates in the Company’s proxy materials for its
annual meeting of shareholders. The approved proxy access will
first be available to shareholders in connection with the
Company’s 2017 Annual Meeting of Shareholders.
permit a shareholder, or a group of up to 20 shareholders, owning
at least three percent of the Company’s outstanding stock
continuously for at least three years to nominate and include in
the Company’s annual meeting proxy materials, director nominees
constituting up to the greater of two directors or twenty percent
of the Board, provided that the shareholder(s) and nominee(s)
satisfy the eligibility, procedural and other requirements
specified in the Bylaws. Certain of the eligibility requirements,
including completion of a customary director questionnaire and a
representation agreement disclosing voting commitments and
outside compensation, also apply to director nominations made to
Section 11.
reference to the full text of the amendment, which is attached as
Exhibit 3.1 and incorporated herein by reference.
|
Exhibit Number
|
Description
|
|
3.1
|
Amendment to LNC’s Amended and Restated Bylaws
|
About Lincoln National Corporation (NYSE:LNC)
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. It operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses in the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products. These products include fixed and indexed annuities, variable annuities, universal life insurance, variable universal life insurance, linked-benefit UL, term life insurance, indexed universal life insurance, employer-sponsored retirement plans and services, and group life, disability and dental. Lincoln National Corporation (NYSE:LNC) Recent Trading Information
Lincoln National Corporation (NYSE:LNC) closed its last trading session down -1.46 at 67.84 with 1,307,361 shares trading hands.
