Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year
On February 8, 2023, the Board of Directors of Host Hotels & Resorts, Inc., a
Maryland corporation (the "Company"), approved and adopted certain amendments
(the "Amendments") to the Company's Bylaws, effective immediately, at the
recommendation of the Nominating, Governance and Corporate Responsibility
Committee.
The Amendments update various provisions of the Bylaws to require parties
proposing a nominee for election of a director to comply with the universal
proxy rules adopted by the U.S. Securities and Exchange Commission. In addition,
the Amendments update the Bylaws' proxy and advance notice provisions,
specifically, the notice required thereby, to require, among other things, (i)
certain representations with respect to the solicitation intentions of the
proposing stockholder; and (ii) additional representations consistent with the
proponent's obligations under the universal proxy rules, including the
willingness of a Proposed Nominee (as defined in the Bylaws) to serve on the
Board, if elected, and that no additional consents from any third party are
required for a Proposed Nominee to serve on the Company's Board of Directors, if
elected. The Amendments also clarify that a stockholder may not nominate more
individuals than there are directors to be elected or substitute or replace a
proposed nominee without compliance with the requirements for nomination in the
Bylaws, including compliance with any applicable deadlines.
The Amendments also include other conforming changes, including updates to
provisions relating to virtual meetings to align with changes to the Maryland
General Corporation Law statutory language.
The foregoing summary does not purport to be complete and is qualified in its
entirety by reference to the full text of the amended and restated Bylaws, a
copy of which is attached hereto as Exhibit 3.2 and incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit
No. Description
3.2 Amended and Restated Bylaws of Host Hotels & Resorts, Inc., effective as
of February 8, 2023.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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