Fidelity National Financial (FNF) announced that its stockholders have approved an amendment to its Articles of Incorporation to eliminate the company's classified board structure. This change will phase out staggered three-year terms for directors in favor of annual elections for the entire board.
Key Details
- Transition Plan: The declassification will be phased in over a three-year period, beginning with the 2027 Annual Meeting of Stockholders.
- Timeline: Directors will be elected to one-year terms as their current three-year terms expire. By the 2029 Annual Meeting, all directors will stand for annual election.
- Effective Date: The amendment was approved at the 2026 Annual Meeting and became effective on June 10, 2026.