Okta (OKTA) just unveiled an announcement.
Okta, Inc. expanded its Board of Directors, appointing Anthony Bates as a new director slated to serve until the 2026 Annual Meeting of Stockholders. In tandem with this, the company amended its Bylaws to align with SEC universal proxy rules, set new deadlines for stockholder proposals and director nominations, and introduced more stringent requirements for disclosing stockholder-proposed business. Additionally, they established the Court of Chancery of the State of Delaware as the sole legal venue for certain corporate legal actions. At the 2024 Annual Meeting, stockholders elected three Class I directors, ratified Ernst & Young LLP as their independent auditor, and approved executive officer compensation.
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