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Fastly | 8-K: Current report

SEC ·  Aug 16 04:27

Summary by Futu AI

On August 14, 2024, Fastly's board of directors amended and restated the company's bylaws, effective immediately. The changes include granting the board the right to postpone, reschedule, or cancel stockholder meetings, and addressing SEC's universal proxy rules by clarifying compliance requirements for director nominee proposals.The amendments establish additional disclosure requirements for stockholders proposing nominees or business, and mandate the use of non-white proxy cards for stockholder-initiated proxy solicitations. The bylaws now specify a majority of votes cast standard for non-director election proposals, with abstentions and broker non-votes having no effect on outcomes.These amendments aim to modernize Fastly's corporate governance practices and align them with current regulatory standards. The full text of the Amended and Restated Bylaws is available as an exhibit to the Form 8-K filed on August 15, 2024.
On August 14, 2024, Fastly's board of directors amended and restated the company's bylaws, effective immediately. The changes include granting the board the right to postpone, reschedule, or cancel stockholder meetings, and addressing SEC's universal proxy rules by clarifying compliance requirements for director nominee proposals.The amendments establish additional disclosure requirements for stockholders proposing nominees or business, and mandate the use of non-white proxy cards for stockholder-initiated proxy solicitations. The bylaws now specify a majority of votes cast standard for non-director election proposals, with abstentions and broker non-votes having no effect on outcomes.These amendments aim to modernize Fastly's corporate governance practices and align them with current regulatory standards. The full text of the Amended and Restated Bylaws is available as an exhibit to the Form 8-K filed on August 15, 2024.

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