Every material Form 8-K WESTERN ASSET PREMIER BOND FUND has filed with the SEC since March 10, 2020, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
The Fund's Board of Trustees amended and restated its bylaws effective November 2, 2020, disclosed in a Form 8-K filed November 5, 2020. The changes add a control share acquisition provision that limits voting rights for large share acquirers unless other shareholders approve, and alter director election and shareholder nomination rules.
Effective November 2, 2020, the board amended and restated the bylaws, with the amended bylaws furnished as Exhibit 99.1.
Control share provisions apply to acquisitions crossing thresholds starting at one-tenth of voting power; acquirers may request a vote of non-interested shareholders to approve their voting rights.
Board director elections move from a plurality to a majority-of-all-votes standard, and advance notice requirements for shareholder nominations are revised.
Effective April 14, 2020, the Fund's Board of Trustees amended its bylaws to add Section 10.6, which clarifies how shareholder meetings can be held by remote communication. The change allows the Board or a committee to decide that a meeting be held solely by remote communication or by a mix of remote and physical attendance, which may matter to shareholders who attend or vote at meetings.
Amendment effective April 14, 2020, adding new Article 10, Section 10.6 to the bylaws
Board or a committee may decide at any time, including after a meeting is called, to hold a shareholder meeting solely by remote communication or both in person and remotely
If remote participation is decided after notice is sent, notice may be given by press release or other public means
Western Asset Premier Bond Fund disclosed that Michael Larson was appointed a trustee of the Fund, effective March 6, 2020, as announced in a press release dated March 10, 2020. The filing is a routine board appointment with no financial results, fund performance figures, or changes to fund operations disclosed.
Michael Larson appointed as a new trustee of the Fund, effective March 6, 2020.
Larson also appointed as a new director of Western Asset Investment Grade Income Fund Inc. (NYSE: PAI).
Larson is Chief Investment Officer for William H. Gates III and serves as trustee and chairman of two Western Asset inflation-linked funds.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every WESTERN ASSET PREMIER BOND FUND filing is on SEC EDGAR ↗. 8-K briefs of other companies →