Summary
Emerson Electric Co. (EMR) filed an 8-K on June 11, 2018, primarily to report an amendment to its corporate bylaws. The key change involves the removal of a forum selection provision that previously designated courts in Missouri as the exclusive venue for specified legal actions. This provision was not ratified by shareholders at the company's 2018 Annual Meeting, leading the Board of Directors to reconsider and ultimately remove it. This amendment is significant as it relates to corporate governance and potential legal proceedings. The removal of the forum selection provision means that certain legal actions against the company may no longer be restricted to Missouri courts, potentially impacting the location and jurisdiction of future litigation.
Key Highlights
- 1Emerson Electric Co. amended its Bylaws on June 5, 2018.
- 2The amendment removed the forum selection provision, which previously mandated that legal actions be filed in Missouri courts.
- 3The removal follows the non-ratification of the forum selection provision by shareholders at the 2018 Annual Meeting.
- 4The Board of Directors subsequently reconsidered and decided to eliminate this provision.
- 5This change impacts the exclusive jurisdiction for specified legal actions against the company.
- 6The full text of the amended Bylaws and marked changes are filed as exhibits to this 8-K.