CorEnergy Infrastructure Trust Inc. amended its bylaws to adopt certain governance changes and other matters.
The company amended the bylaws to replace the plurality vote standard with a majority vote for uncontested director elections.
The bylaws were also amended to require that shareholders submitting board nominees and other proposals must have continuously held 1% or more of CorEnergy's outstanding shares of beneficial interest for at least three years before the date of such nomination or proposal and through the date of the related annual meeting.
CorEnergy also amended the bylaws to designate the Circuit Court for Baltimore City as the sole and exclusive forum for lawsuits involving the company, its directors or other employees.