Nu Skin Enterprises (NUS) has released an update to notify the public and investors about corporate charter and bylaws modifications.
Nu Skin Enterprises, Inc. has adopted a new set of Bylaws effective February 5, 2024, which primarily update the company’s governance in line with current Delaware law. Key changes include adjustments to stockholder meeting adjournment procedures, proxy solicitation regulations including the use of colored proxy cards, and more stringent requirements for stockholders proposing director nominations or other business. These updates aim to streamline processes, ensure legal compliance, and reinforce the company’s governance structure, including mandatory expense advancement for former directors and officers under certain conditions.
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For a comprehensive understanding of the announcement, you can read the full document here.
