BackSummary
Alexandria Real Estate Equities, Inc. amended its charter effective March 31, 2026 to adopt a majority vote standard for director removal.
Key takeaways
- Effective March 31, 2026, the company opted out of MGCL Section 3-804(a) two-thirds director removal vote requirement.
- Director removal now requires an affirmative majority vote of entitled shareholders per the company charter.
- The Articles Supplementary amendment was approved by the Board of Directors on March 30, 2026.
- The change followed 2025 annual meeting stockholder approval of the simple majority vote proposal.