JetBlue Airways Corporation announced that its Board of Directors approved and adopted amendments to the company's bylaws, effective December 9, 2025. The changes primarily involve modernizing corporate governance procedures, clarifying shareholder rights, and establishing exclusive legal forums for certain disputes.
Key Details
- Shareholder Rights & Nominations: The amendments clarify procedural and disclosure requirements for stockholder nominations and update proxy access provisions to conform with recent Delaware law.
- Exclusive Forum: The bylaws now designate the Court of Chancery of Delaware as the exclusive forum for certain corporate actions (e.g., fiduciary duty claims) and U.S. federal district courts as the exclusive forum for claims under the Securities Act of 1933.
- Governance Updates: The changes also update provisions for majority voting in director elections, director indemnification to align with market terms, and remove obsolete sections.