Bright Horizons (BFAM) has provided an announcement.
Bright Horizons Family Solutions Inc. announced significant corporate governance changes following their Annual Meeting on June 5, 2024. Dr. Sara Lawrence-Lightfoot retired, prompting the Board to reclassify and reduce its size to nine members. Shareholders approved amendments allowing for decategorization of the board, officer exculpation consistent with Delaware law, and the addition of federal and updated Delaware forum selection provisions. The amendments and the adoption of the Amended and Restated Bylaws reflect an updated corporate structure and governance model aimed at modernizing and streamlining the company’s operations and compliance.
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