Summary
This 8-K/A filing from Fortinet, Inc. serves as an amendment to a previous 8-K report, clarifying a detail regarding the company's recently amended and restated bylaws. The primary purpose of this amendment is to correct a misstatement concerning the 'proxy access' provision implemented by the Board of Directors on April 23, 2021. This provision allows eligible stockholders to nominate directors for inclusion in the company's proxy materials.
Key Highlights
- 1Fortinet filed an amendment (8-K/A) to a previous 8-K filing on April 29, 2021.
- 2The amendment corrects a misstatement related to the company's proxy access bylaw provision.
- 3The proxy access provision, implemented on April 23, 2021, allows certain stockholders to nominate directors.
- 4Eligible stockholders must continuously own at least 3% of common stock for three years.
- 5A qualifying stockholder group can nominate up to two directors or 20% of the Board, whichever is less.
- 6The specific details and requirements for nomination are outlined in the Amended and Restated Bylaws.