BackSummary
Yext amended its bylaws to adopt majority voting for uncontested director elections and update advance notice and forum selection provisions.
Key takeaways
- Majority voting standard adopted for uncontested director elections, enhancing board accountability.
- Advance notice provisions for stockholder proposals and nominations updated, potentially tightening deadlines.
- Forum selection clause added, likely requiring litigation in Delaware.
- Amendments effective April 27, 2026, prior to proxy statement filing.
- Changes reflect Delaware law updates and current market practice.