SIMON PROPERTY GROUP,INC. (NYSE:SPG) 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.
On March20, 2017, the Board of Directors (the Board) of Simon
Property Group,Inc. (NYSE: SPG) (the Company) approved the
amendment and restatement of its Amended and Restated By-Laws
(the By-Laws), effective immediately, to implement proxy access
by adding ArticleI, Section1.11, which will first apply with
respect to the Companys 2018 annual meeting of stockholders. The
By-Laws will permit eligible stockholders, including qualifying
groups of up to 20 stockholders, that have continuously owned at
least 3% of the Companys outstanding common stock throughout at
least a three year period to nominate and include in the Companys
proxy materials director nominees constituting up to the greater
of two director nominees or 20% of the number of directors
serving on the Board which the holders of ClassA common stock are
entitled to elect, provided that the stockholder(s)and the
nominee(s)satisfy the requirements specified in the By-Laws and
subject to the terms and conditions therein.
The By-Laws also contain revisions to the advance notice
requirements for stockholder nominations in ArticleI,
Section1.10, in order to conform with the new proxy access
provisions as well as to incorporate various related
The foregoing description of the Companys By-Laws does not
purport to be complete and is qualified in its entirety by
reference to the full text of the By-Laws, a copy of which is
filed as Exhibit3.1 to this Current Report on Form8-K and is
incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
Amended and Restated By-Laws of Simon Property Group,Inc.
About SIMON PROPERTY GROUP, INC. (NYSE:SPG)
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets. As of December 31, 2016, the Company owned or held an interest in 206 income-producing properties in the United States, which consisted of 108 malls, 67 Premium Outlets, 14 Mills, four lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. As of December 31, 2016, it had redevelopment and expansion projects, including the addition of anchors, big box tenants, and restaurants, underway at 27 properties in the United States and it had one outlet and one other retail project under development. SIMON PROPERTY GROUP, INC. (NYSE:SPG) Recent Trading Information
SIMON PROPERTY GROUP, INC. (NYSE:SPG) closed its last trading session down -0.13 at 167.43 with 1,459,674 shares trading hands.