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DCT Industrial board OKs bylaw amendments


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DCT Industrial board OKs bylaw amendments

DCT IndustrialTrust Inc. said that its board unanimously approved amending thecompany's bylaws to provide proxy access rights and exclusive forum provisions.

According to a filing,the proxy access rights amendment permits an eligible stockholder or a group ofno more than 20 stockholders to include director nominees in proxy materialsfor the company's annual meetings of stockholders. All director nomineessubmitted through the proxy access provisions must be independent and meetspecific, additional criteria.

Meanwhile, the other amendment designates the Circuit Courtfor Baltimore City, Md., as the sole and exclusive forum for derivative claimsbrought on behalf of the company and claims against any of its personnel over abreach of duty owed to the company or stockholders, among others.

The amendments were adopted May 4.