Corporate GovernanceMay 21, 2026, 04:58 PM
Choice Hotels Increases Board Size Range to 5-15 Directors
AI Summary
Choice Hotels International shareholders approved an amendment to the Certificate of Incorporation, increasing the Board of Directors' size range from 3-12 to 5-15 directors. The Board also approved corresponding amendments to the company's bylaws. Additionally, shareholders elected eleven directors, approved the advisory vote on executive compensation, and ratified Ernst & Young LLP as the independent auditor for 2026.
Key Highlights
- Shareholders approved an amendment to increase Board size range from 3-12 to 5-15 directors.
- Company filed a Certificate of Amendment with the Delaware Secretary of State on May 21, 2026.
- Board approved Third Amended and Restated Bylaws, effective May 21, 2026, updating Board size.
- Eleven directors were elected to serve a one-year term until the 2027 Annual Meeting.
- Advisory vote on executive compensation was approved with 36,213,116 votes for.
- Ernst & Young LLP was ratified as the independent auditor for fiscal year 2026.
Price Impact
More from CHH