By changing the bylaws, Knight Ridder has managed to postpone indefinitely the annual meeting initially scheduled for Apr. 18 — meaning the board and top management do not have to meet with shareholders anytime soon. They actually amended the bylaws to remove the requirement to meet in April or May. The board also has ensured that executive officers will be protected in the event of a change of control, fairly standard but I’d guess hard to hear if you’re one of the much larger KR employee pool sans protection.
SEC filing.
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