Corporate GovernanceApr 27, 2026, 04:23 PM
LEVI Amends and Restates Bylaws
AI Summary
LEVI STRAUSS & CO. has amended and restated its bylaws, effective April 23, 2026. The updated bylaws detail procedures for stockholder meetings, including the nomination of directors and the proposal of business. Key changes include specific notice requirements for stockholders, conditions for calling special meetings, and clarifications regarding virtual meetings and proxy solicitations.
Key Highlights
- Amended and Restated Bylaws effective April 23, 2026.
- Updated procedures for stockholder nominations of directors at annual meetings.
- Revised requirements for stockholders to propose business at annual meetings.
- Specified timelines for submitting notices for nominations and proposals.
- Detailed conditions for stockholders to request special meetings, requiring 30% voting power.
- Clarified rules for virtual meetings and proxy solicitations, including Rule 14a-19 compliance.
- Empowered the Board to postpone, reschedule, or cancel annual meetings.
- Defined 'Derivative Transaction' and 'public announcement' for clarity.
Price Impact
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