US Foods amended its charter and bylaws to allow stockholders owning at least 25% of outstanding common stock to call special meetings, effective May 14, 2026.
Key takeaways
Stockholders with 25% net long ownership can now call special meetings, enhancing shareholder rights.
The charter amendment and restated bylaws were approved by stockholders and board, effective immediately.
Procedural requirements include detailed information, ownership certification, and blackout periods.
All director nominees were elected, and advisory say-on-pay and auditor ratification passed.
The special meeting right excludes certain periods and duplicate items to prevent abuse.