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1-800-FLOWERS.COM stockholders approve board declassification

1-800-FLOWERS.COM Inc. stockholders approved an amendment to the company's certificate of incorporation, resulting in the declassification of the company's board.

The declassification, which was approved at the company's annual stockholders' meeting, will allow shareholders holding a majority of the total voting power of the company's outstanding common stock to remove directors from the board either with or without cause.

Prior to the amendment, directors of the company could only be removed for cause and only by an affirmative vote of no less than 66.67% of the total voting power of the company's outstanding common stock.

Along with the declassification, the amendment also institutes annual voting for each director, starting with the 2016 annual meeting of stockholders, according to a Dec. 15 Form 8-K filing.