SEC Filing Summary: T. Rowe Price Group, Inc. (8-K)
Business Context and Reporting Period
This Form 8-K Current Report was filed by T. Rowe Price Group, Inc. on December 13, 2007. The filing addresses corporate governance changes effective as of the report date.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on governance amendments and does not contain financial performance data.
Material Changes
The Board of Directors adopted Amended and Restated By-Laws effective December 13, 2007. The amendments modify Sections 1.05 and 2.03 of the By-Laws to change director election procedures in uncontested elections from a plurality of votes cast to a majority of votes cast.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Effective December 13, 2007, uncontested director elections now require a majority of votes cast rather than a plurality.
- The Amended and Restated By-Laws are attached as Exhibit 3(ii) to this filing.
- The report was signed by Kenneth V. Moreland, Vice President and Chief Financial Officer, on December 18, 2007.