trending Market Intelligence /marketintelligence/en/news-insights/trending/iCxrNF9pXWndLuUGhlxAeg2 content esgSubNav
In This List

Macerich amends bylaws governing proxy access

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Macerich amends bylaws governing proxy access

Macerich Co.'sboard amended and restated the company's bylaws mainly to add new proxy access provisions.

The amended bylaws provide that eligible shareholders or groupsof up to 20 shareholders who have continuously owned 3% or more of Macerich's outstandingcommon stock for a minimum of three years may nominate up to the greater of twodirectors or 20% of the number of board seats and include such nominees in the company'sproxy materials.

The proxy access provisions would apply to annual shareholdermeetings after the 2016 meeting.

Macerich's board adopted the changes April 21, and the amendedbylaws went into effect immediately, according to a filing.