Monday, July 20, 2015

Regency Centers Amends Bylaws to Align with Industry Standards and Best Practices


JACKSONVILLE, FL--(BUSINESS WIRE)-- Regency Centers Corporation (NYSE: REG) (“Regency” or the “Company”), a leading developer, owner and operator of shopping centers nationwide, today announced that its Board of Directors has amended certain of the Company’s bylaws and employment agreements.

The Board, with the assistance of outside legal and compensation advisors, undertook a thorough review and determined to amend certain policies in accordance with current best practices.

The changes include: implementation of a proxy access bylaw; adoption of an exclusive forum bylaw; irrevocably opting out of Florida’s control share acquisition statute without shareholder approval; establishing a 25% stock ownership threshold required to call a special shareholder meeting;

 amending the Company’s bylaws to include a majority vote standard, such that director nominees can only be elected to the Board with the support of a majority of shares voted in an uncontested election, and; executing new employment agreements with its executive officers.

Complete details can be found in the Company's Form 8-K filed today with the Securities and Exchange Commission.

For a complete copy of the company’s news release, please contact:

Regency Centers Corporation
Michael Mas, 904-598-7470

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