At the May 24 annual meeting, Employers Holdings Inc. shareholders voted to declassify the company's board.
Directors elected at the annual meeting will hold office for a three-year term ending at the 2021 annual meeting. Thereafter, directors would be elected for one-year terms commencing upon the expiration of a director's term.
The amendment will first apply to directors standing for election at the 2019 annual meeting, and the declassification of the board would be phased in over a three-year period. The amendment will not shorten the existing terms of any class of directors.
