Summary
General Electric Company (GE) filed an 8-K on February 14, 2011, to report an amendment to its By-Laws approved by its Board of Directors on February 11, 2011. The key change is a reduction in the threshold required for shareholders to call a special meeting. Previously, 25% of the issued stock entitled to vote was needed, but this has now been lowered to 20%. This amendment, along with the updated By-Laws as an exhibit, is the primary focus of this filing.
Key Highlights
- 1GE's Board of Directors approved an amendment to the company's By-Laws on February 11, 2011.
- 2The amendment modifies Article VII of the By-Laws concerning the calling of special shareholder meetings.
- 3The ownership threshold for shareholders to call a special meeting has been reduced from 25% to 20% of the issued stock entitled to vote.
- 4This change aims to make it easier for a significant minority of shareholders to convene a special meeting.
- 5The filing includes the amended By-Laws as an exhibit.
- 6The earliest event reported is February 11, 2011, and the report was filed on February 13, 2011.