Cummins Announces Proposal to Implement Unilateral Shareholder By-law Amendment Power
October 13 2017 - 11:15AM
Business Wire
Cummins Inc. (NYSE: CMI) today announced that it is planning to
submit to a vote of shareholders at its 2018 Annual Meeting of
Shareholders amendments to its Restated Articles of Incorporation
to provide shareholders with the ability to unilaterally amend
Cummins’ By-laws.
If approved by the shareholders, the amendments to the Restated
Articles of Incorporation will become effective promptly after the
2018 Annual Meeting of Shareholders, along with a conforming By-law
amendment.
The proposed amendments to the Restated Articles of
Incorporation would provide Cummins’ shareholders with the power to
amend the By-laws upon the affirmative vote of at least a majority
of the votes entitled to be cast.
The proposed amendments are consistent with Cummins’ commitment
to strong Corporate Governance practices.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of
complementary business units that design, manufacture, distribute
and service diesel and natural gas engines and related
technologies, including fuel systems, controls, air handling,
filtration, emission solutions and electrical power generation
systems. Headquartered in Columbus, Indiana, (USA) Cummins
currently employs approximately 55,400 people worldwide and serves
customers in approximately 190 countries and territories through a
network of approximately 600 company-owned and independent
distributor locations and approximately 7,400 dealer locations.
Cummins earned $1.39 billion on sales of $17.5 billion in 2016.
Press releases can be found on the Web at www.cummins.com. Follow
Cummins on Twitter at www.twitter.com/cummins and on YouTube at
www.youtube.com/cumminsinc.
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version on businesswire.com: http://www.businesswire.com/news/home/20171013005475/en/
Cummins Inc.Jon Mills, 317-658-4540Director, External
Communicationsjon.m.mills@cummins.com
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