Summary by Moomoo AI
On June 4, 2024, Paramount Global announced amendments to its bylaws following approval from its Board of Directors. The changes primarily involve the removal of provisions that were only effective until the second anniversary of the 2019 Viacom merger and had expired in 2021. These amendments align with changes to the company's Certificate of Incorporation, which were approved at the 2024 Annual Meeting of Stockholders. During the Annual Meeting, all director nominees and three proposals were approved by a majority vote of Class A Common Stockholders, while two stockholder proposals, including one for a policy on 'golden parachute' compensation and another for a transparency report on artificial intelligence use, were not approved. The meeting saw a representation of approximately 96.16% of the Class A shares outstanding. The full text of the amended Bylaws was attached to the report as Exhibit 3.1.
