Corporate GovernanceMay 11, 2026, 09:07 AM
Molina Healthcare Amends Bylaws; Boosts Equity Plan by 1.5M Shares
AI Summary
Molina Healthcare's stockholders approved an amendment to the 2025 Equity Incentive Plan, increasing the aggregate number of shares authorized for issuance by 1,500,000 to 3,295,000 shares. Additionally, stockholders approved an amendment to the Certificate of Incorporation to allow stockholders holding at least 20% of the voting power to call a special meeting, subject to new Amended and Restated Bylaws approved by the Board. All director nominees were elected at the Annual Meeting, which achieved a 90.55% quorum.
Key Highlights
- Stockholders approved an amendment to the 2025 Equity Incentive Plan, increasing authorized shares by 1,500,000 to 3,295,000.
- Stockholders approved an amendment to the Certificate of Incorporation allowing holders of at least 20% voting power to call special meetings.
- The Board approved Amended and Restated Bylaws, effective immediately, detailing conditions for special meeting requests.
- Special meeting requests require stockholders to own and continuously hold at least 20% of voting power for one year.
- All ten director nominees were duly elected at the Annual Meeting.
- A quorum was met with 90.55% of outstanding shares (47,172,628 shares) represented at the Annual Meeting.
Price Impact
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