Avery Dennison Raises Director Retirement Age to 75 in Bylaw Overhaul

Reuters02-27 05:45
Avery Dennison Raises Director Retirement Age to 75 in Bylaw Overhaul

Avery Dennison Corporation said its board approved amended and restated bylaws effective Feb. 26, 2026. The changes add new advance-notice disclosure requirements for stockholder proposals, including any material interest in business brought before a meeting, and require the corporate secretary to provide a questionnaire and written representation and agreement to requesting stockholders within 10 days. The amendments also remove certain references about the nature of board determinations, raise the mandatory director retirement age to 75 from 72, and make other non-substantive and clarifying updates.

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