Summary by Moomoo AI
On September 18, 2024, Nike, Inc. announced the adoption of its Sixth Amended and Restated Bylaws following approval by the company's Board of Directors. The updated bylaws introduce several significant changes, including revised deadlines for shareholder proposal submissions, adherence to universal proxy rules for director nominations, and mandatory attendance or representation at shareholder meetings for those submitting proposals or nominations. Additionally, the bylaws now require shareholders to provide more detailed background information and updates for proposals and nominations, use a non-white proxy color for soliciting proxies, and specify that shareholder meetings can only be adjourned by the Board, the Chair of the Board, or the presiding officer. The amendments also clarify the responsibilities of the company's officers and include other administrative updates. The full text of the Sixth Amended and Restated Bylaws is available as Exhibit 3.1 in the Current Report on Form 8-K filed with the SEC.
