ArcBest Corporation (NASDAQ: ARCB) announced on February 26, 2025, that its Board of Directors approved the adoption of its Ninth Amended and Restated Bylaws, effective immediately as of February 20, 2025. The updated bylaws introduce a proxy access provision that permits eligible shareholders to include director nominees in the Company’s proxy materials.
Under the new guidelines, any stockholder—or a coordinated group of up to 20 stockholders—that has continuously held at least 3% of ArcBest’s outstanding common stock for a minimum of three years may nominate director candidates. In addition, the updated bylaws limit the number of director nominees that may be included in the proxy materials to the greater of two or 25% of the Board.
The filing did not indicate any further changes to ArcBest’s fiscal policies or additional corporate actions at this time.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read ArcBest’s 8K filing here.
ArcBest Company Profile
ArcBest Corporation, an integrated logistics company, engages in the provision of ground, air, and ocean transportation solutions. It operates through two segments: Asset-Based and Asset-Light. The Asset-Based segment provides less-than-truckload (LTL) services, that transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, non-bulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products.
See Also
- Five stocks we like better than ArcBest
- Breakout Stocks: What They Are and How to Identify Them
- Nebius Slides Post-Earnings: A Long-Term Buy Opportunity?
- How to Invest in the FAANG Stocks
- NVIDIA Stock: A Market Barometer in Tech’s Turbulent Times
- What is the Euro STOXX 50 Index?
- Palantir Stock Nears Bear Market Territory – Why and What’s Next?
