The company said its Board of Directors amended the company's By-laws, as amended and restated as of March 4, 2025, effective immediately, on December 5, 2025. The company said the amendments clarify certain provisions in furtherance of good corporate governance practices.

1. 01

   The company said its Board of Directors amended the company's By-laws, as amended and restated as of March 4, 2025, effective immediately, on December 5, 2025. The company said the amendments clarify certain provisions in furtherance of good corporate governance practices.

2. 02

   Hershey said the amendments removed language stating that Michele Buck may hold the position of Chairman of the Board from the By-laws.

3. 03

   The company said it removed references to the Lead Independent Director from the By-laws, in line with earlier amendments requiring the Chairman of the Board to be selected from the independent directors on the Board.

4. 04

   The company clarified that the Governance Committee Chair will preside over stockholder and Board meetings when neither the Chairman nor the Vice Chairman (if any) is present. It also said the Vice Chairman (if any) has authority to call a Board meeting during an emergency or when the Chief Executive Officer is unable or unavailable to act.

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Original filing

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