Summary
Allstate Corp (ALL) filed an 8-K on July 15, 2021, to report on amendments to its Amended and Restated Bylaws, effective July 16, 2021. These changes primarily involve the renaming of two key board committees. The 'Nominating and Governance Committee' will now be known as the 'Nominating, Governance and Social Responsibility Committee,' and the 'Compensation and Succession Committee' will be renamed the 'Compensation and Human Capital Committee.'
Key Highlights
- 1Allstate's Board of Directors approved amendments to its Bylaws.
- 2Effective July 16, 2021, the Bylaws were amended.
- 3The Nominating and Governance Committee's name changed to 'Nominating, Governance and Social Responsibility Committee'.
- 4The Compensation and Succession Committee's name changed to 'Compensation and Human Capital Committee'.
- 5These changes reflect an expanded focus on social responsibility and human capital management within the board's committee structure.
- 6The filing includes the Amended and Restated Bylaws as an exhibit.
Frequently Asked Questions
The primary purpose of this 8-K filing is to inform investors about the amendments made to Allstate's Amended and Restated Bylaws, specifically concerning the renaming of two key board committees.
The 'Nominating and Governance Committee' has been renamed the 'Nominating, Governance and Social Responsibility Committee,' and the 'Compensation and Succession Committee' has been renamed the 'Compensation and Human Capital Committee.'
The name changes suggest an increased emphasis by Allstate's board on social responsibility issues and the strategic importance of human capital management within the company's governance structure.
The full text of the Amended and Restated Bylaws, as amended on July 16, 2021, is included as Exhibit 3.1 to this 8-K filing.