Corporate GovernanceMay 8, 2026, 11:21 AM
Service Corp Intl Amends Bylaws, Changes Board Director Rules
AI Summary
Service Corporation International shareholders approved amendments to the company's Restated Articles of Incorporation and Amended and Restated Bylaws at their annual meeting on May 6, 2026. These changes, effective May 6-7, 2026, grant the Board of Directors the authority to increase the number of directors and fill newly created vacancies, removing previous restrictions that required shareholders to fill such roles. Additionally, the amendments reduce the minimum number of directors required on the Board from nine to three, while the maximum remains at fifteen.
Key Highlights
- Shareholders approved amendments to the Articles of Incorporation and Bylaws on May 6, 2026.
- Amendments to the Articles of Incorporation became effective on May 7, 2026.
- Amendments to the Bylaws became effective on May 6, 2026.
- The Board can now increase the number of directors and fill newly created vacancies.
- The minimum number of directors on the Board was reduced from nine to three.
- The maximum number of directors remains at fifteen.
Price Impact
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