The board of Hilltop Holdings Inc. may have up to 20 members, down from the previous 21.
The reduction was one of several amendments made to the Dallas-based company's bylaws. Among other changes were the addition of a provision letting stockholders amend bylaws through unanimous written consent and a provision making Maryland courts the exclusive forum for certain legal actions, unless the company gives written consent for a different venue.
Hilltop's board also tweaked stock ownership requirements for shareholders looking to call special meetings. It lowered the ownership threshold, but added a requirement that the threshold must have been met and held continuously for at least a year as of the record date.
