Weyerhaeuser (WY)

Weyerhaeuser Company Tuesday said its board of directors has approved amendments to the company's articles of incorporation to eliminate the company's classified board structure and remove existing super majority voting provisions. The board will ask shareholders to approve these amendments at Weyerhaeuser's annual shareholder meeting in April 2010. It will take a 66 2/3 percent favorable vote of the outstanding shares to approve the amendments. Shareholders will receive information on these proposals in the 2010 proxy statement to be mailed in February.

Dec 15 · 10:26:00 AM · Source: Company News
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by Larry Etter