Business Context and Reporting Period
Company: Prudential Financial, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: February 12, 2013
Event: Amendment to the Company's By-Laws regarding shareholder rights to call special meetings.
Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document is a corporate governance report.
Material Changes
The Board of Directors amended Article II, Section 3 of the Company's By-Laws. The threshold for shareholders to call a special meeting of shareholders for any purpose was reduced from twenty-five percent (25%) to ten percent (10%) of the shares entitled to vote.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, risk factors, or discussion of contingencies. It strictly reports the procedural change to the By-Laws.
Key Facts for Investor Verification
- The minimum share ownership required to call a special shareholder meeting is now 10%.
- The previous requirement was 25%.
- The amendment became effective on February 12, 2013.
- The Amended and Restated By-Laws are filed as Exhibit 3.1.