PulteGroup said on May 6, 2024 that shareholders approved an amendment to Articles X and XI to eliminate the 69.3% supermajority voting requirements, and that the amendment took effect the same day after filing with the Michigan Department of Licensing and Regulatory Affairs.

1. 01

   PulteGroup said on May 6, 2024 that shareholders approved an amendment to Articles X and XI to eliminate the 69.3% supermajority voting requirements, and that the amendment took effect the same day after filing with the Michigan Department of Licensing and Regulatory Affairs.

2. 02

   The company said that before the amendment, Article X required the affirmative vote of 69.3% of the shares voting on the proposed business combination, and that amending Article X also required the same 69.3% affirmative vote.

3. 03

   The company said that under the amendment, certain business combinations with interested shareholders and amendments to the affected provisions will be approved by a majority of the outstanding voting shares, in addition to the vote otherwise required by the Michigan Business Corporation Act.

4. 04

   The company said shareholders approved the charter amendment at its May 6, 2024 annual meeting, with 174,109,541 votes for, 522,293 against and 359,144 abstentions. Broker non-votes totaled 15,745,823.

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Original filing

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