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Mercury General seeks shareholders' approval to cut range of required directors

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Mercury General seeks shareholders' approval to cut range of required directors

Mercury General Corp.'s board has adopted a resolution approving an amendment to the company's bylaws to change the authorized range of required directors to a minimum of six and a maximum of 11.

The company's bylaws currently authorize a board with a size of between eight and 15 directors.

The company's shareholders will be asked to vote on the amendment at the company's annual shareholders meeting to be held May 9.

The board unanimously recommends that shareholders vote for the approval of the amendment.