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CONSOL adopts 'proxy access' into bylaws allowing board nominations

CONSOL EnergyInc. has adopted "proxy access" into its bylaws, allowingshareholders owning at least 3% of outstanding shares of the company tonominate members to the company board of directors.

According to a Sept. 26 filing, CONSOL amended its bylaws tostate that any shareholder or group of 20 or fewer shareholders may be eligibleto nominate a board member and have them included in annual meeting proxymaterials.

The process is subject to additional requirements, includingan obligation to deliver the nomination no later than 120 days from the"first anniversary of the date on which the company mailed its proxystatement for the preceding year's annual meeting of shareholders" and noearlier than 150 days.