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Chesapeake Lodging to put charter amendment proposal to shareholder vote

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Chesapeake Lodging to put charter amendment proposal to shareholder vote

Chesapeake Lodging Trust's board amended the company's bylaws in response to a nonbinding shareholder proposal that was approved at the 2016 annual stockholder meeting.

The board, in order to effectuate the shareholder proposal, is proposing to amend the company's charter to allow shareholders to amend the company's bylaws via a majority vote.

The company's charter currently reserves the right to amend the bylaws to the board.

The board's proposed charter amendment will be up for a vote at the 2017 annual meeting.