Summary by Moomoo AI
On December 5, 2024, Salesforce's Board of Directors amended and restated the company's Bylaws, effective immediately. The Bylaw Amendments focus on refining procedural and disclosure standards for stockholder-initiated director nominations and business proposals, excluding those submitted under Rule 14a-8. They also clarify and limit the scope of persons associated with stockholders for whom information must be provided.The amendments update indemnification terms for directors, officers, employees, and agents. Additionally, they incorporate changes to reflect updates in Delaware General Corporation Law regarding stockholder lists and meeting adjournments. Other technical and non-substantive changes were also included to ensure consistency and compliance.These amendments are part of Salesforce's periodic review of corporate governance matters, aiming to enhance and streamline its operational procedures. The full text of the Amended and Restated Bylaws is available as Exhibit 3.1 in the company's filing.
