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Analog Devices Announces Board Changes and Bylaw Amendment

Story Highlights
  • James Champy will retire from the Board, and Andrea F. Wainer is appointed as a new director.
  • The amendment lowers the ownership threshold for calling special meetings to 25%.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Analog Devices Announces Board Changes and Bylaw Amendment

Analog Devices ( (ADI) ) has shared an update.

Analog Devices, Inc. announced that James Champy will retire from its Board of Directors and not seek re-election at the 2025 annual meeting. Andrea F. Wainer has been appointed as an independent director and a member of the Nominating and Corporate Governance Committee, with compensation details outlined as per the company’s non-employee director program. Additionally, the company’s Bylaws have been amended to lower the shareholder ownership threshold required to call a special meeting from 80% to 25%. This change aims to streamline the process and minimize potential disruptions from frequent shareholder meetings.

More about Analog Devices

YTD Price Performance: 0.48%

Average Trading Volume: 3,013,199

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $105.4B

For detailed information about ADI stock, go to TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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