Omnicom Group Inc. (OMC, Financial) has announced significant amendments to its amended and restated by-laws, effective October 17, 2024. The Board of Directors has approved these changes to modernize and clarify the company's governance framework. These amendments include technical and conforming updates, ensuring the by-laws align with current corporate governance standards.
One of the notable changes is the adjustment of deadlines for shareholder proposals and nominations. Shareholders intending to present a proposal or nominate a candidate for election at the 2025 annual meeting must submit written notice between January 7, 2025, and February 6, 2025. This timeline is crucial for shareholders to adhere to the procedures outlined in the updated by-laws.
The amendments reflect Omnicom's commitment to maintaining a transparent and efficient governance structure, providing clear guidelines for shareholder engagement. For a comprehensive understanding of the changes, stakeholders are encouraged to review the full text of the Amended and Restated By-Laws, which is available as Exhibit 3.1 in the company's latest Form 8-K filing.
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