Western Asset Investment Grade Income Fund amends bylaws, changes director election vote to majority
Western Asset Investment Grade Income Fund Inc. amended and restated its bylaws effective November 2, 2020, and furnished them as Exhibit 99.1. The changes alter stockholder nomination notice rules, director election voting, meeting procedures and director qualifications, which affect how shareholders can nominate directors and vote at meetings.
Key points
- Board changed the vote required to elect directors from a plurality to a majority of all votes entitled to be cast in the election
- Advance notice requirements for stockholder director nominations and other proposals were modified, including required contents of notices
- New director qualifications and an emergency provision for board actions when a majority cannot convene were added
- Amended and Restated Bylaws are dated November 2, 2020, and were filed with the 8-K dated November 5, 2020
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2020.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.