On December 2, 2024, MKS Instruments, Inc.'s Board of Directors approved and adopted the Second Amended and Restated By-Laws of the Company, effective the same date. These amendments include the declassification of the Board of Directors.
The declassification process will be phased in over a three-year period, commencing with the company's 2026 annual meeting of stockholders. This will result in the Board being fully declassified by the 2028 annual meeting, meaning all Board members will stand for annual elections.
The updated bylaws also enhance and clarify certain procedural and disclosure requirements related to stockholder nominations of directors and submissions of proposals for other business at annual or special meetings of stockholders. This includes specific information about stockholders and their affiliates required to be disclosed to the company.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.