Summary
Prologis, Inc. (PLD) has filed an 8-K to announce an amendment to its bylaws, specifically regarding the ability of stockholders to call special meetings. The Board of Directors approved the Eleventh Amended and Restated Bylaws on February 20, 2025, which lower the threshold for stockholders to convene a special meeting. Previously, 50% of all votes entitled to be cast were required; the new bylaws stipulate that stockholders holding at least 20% of all votes entitled to be cast can now call such a meeting, subject to the bylaws' terms.
Key Highlights
- 1Prologis (PLD) amended its corporate bylaws.
- 2The amendment lowers the threshold for stockholders to call a special meeting.
- 3Previously, 50% of voting power was needed to call a special meeting.
- 4Now, stockholders holding at least 20% of voting power can call a special meeting.
- 5This change aims to provide stockholders with greater ability to initiate corporate actions.
- 6The Eleventh Amended and Restated Bylaws were approved by the Board on February 20, 2025.
- 7The full text of the amended bylaws is filed as an exhibit to the 8-K.