Summary
General Dynamics Corporation (GD) filed an 8-K on October 4, 2023, reporting an amendment to its corporate bylaws, effective October 4, 2023. The primary change involves an increase in the retirement age for directors and also sets a higher age limit beyond which an individual cannot stand for election to the Board. These changes are detailed in the amended and restated Article III, Section 2 of the Bylaws.
Key Highlights
- 1GD amended its corporate bylaws on October 4, 2023.
- 2The amendment specifically targets director retirement age.
- 3The maximum age for an individual to stand for election to the Board has been increased.
- 4The changes are effective immediately as of October 4, 2023.
- 5This is a governance-related update, not a financial or operational announcement.