Cummins Announces Proposal to Implement Unilateral Shareholder By-law Amendment Power
Business Wire 13-Oct-2017 11:15 AM
COLUMBUS, Ind.--(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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Cummins Inc. Jon Mills, 317-658-4540Director, External Communicationsjon.email@example.com
Source: Cummins Inc.