Summary
Celestica Inc. has filed an 8-K report detailing a significant amendment to its corporate governance procedures. The company's Board of Directors has adopted a new Advance Notice By-Law, which establishes a formal framework for shareholders intending to nominate directors. This by-law requires timely written notice to be provided to the Corporate Secretary, outlining specific deadlines and information requirements for such nominations. The goal is to bring clarity and structure to the director nomination process, ensuring all parties are aware of the procedural requirements well in advance of shareholder meetings. The adoption of this Advance Notice By-Law is subject to confirmation by ordinary resolution at Celestica's 2025 Annual Meeting of Shareholders, scheduled for June 17, 2025. If not confirmed, the by-law will cease to be effective. The filing also provides important dates for shareholders, including the record date for the annual meeting, the deadline for submitting shareholder proposals for inclusion in proxy materials, and the specific deadlines for director nominations under the new by-law.
Key Highlights
- 1Celestica Inc. adopted a new Advance Notice By-Law on January 29, 2025, to formalize director nomination procedures.
- 2The by-law requires shareholders to provide timely written notice and specific information when nominating director candidates.
- 3Shareholders will be asked to confirm the adoption of this by-law at the 2025 Annual Meeting of Shareholders.
- 4The 2025 Annual Meeting of Shareholders is scheduled for June 17, 2025.
- 5The record date for the 2025 Annual Meeting is April 22, 2025.
- 6The deadline for shareholder proposals to be included in proxy materials is February 24, 2025.
- 7Shareholder director nominations under the new by-law must be submitted by May 8, 2025, for eligibility at the 2025 Annual Meeting.