NEWFIELD EXPLORATION COMPANY (NASDAQ:NFX) 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.
(a) On November 11, 2016, the Board of Directors (the Board) of
Newfield Exploration Company (the Company) approved an amendment
(the First Amendment) to the bylaws of the Company (as amended,
the Bylaws), effective November 11, 2016, to implement proxy
access and to make certain changes to the advance notice
provisions contained in Article II, Section 2.13. Article II,
Section 2.13(e) has been added to the Bylaws to permit a
stockholder, or a group of up to 20 stockholders, owning 3% or
more of the Companys outstanding common stock continuously for at
least three years to nominate and include in the Companys proxy
materials directors constituting up to the greater of (i) 20% of
the Board or (ii) two directors, provided that the stockholder(s)
and the nominee(s) satisfy the requirements specified in the
Bylaws.
This summary is qualified in its entirety by reference to the
First Amendment, effective November11, 2016, which is filed as
Exhibit3.1 attached hereto and incorporated by reference herein.
Item 9.01 Financial Statements and
Exhibits
(d) Exhibits
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3.1 |
First Amendment to the Amended and Restated Bylaws, |
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