The Williams Companies, Inc. announced that its 2016 Annual Meeting of Stockholders will be held on Wednesday, November 23, 2016. Stockholders of record at the close of business on October 7, 2016 will be entitled to vote at the Annual Meeting, according to the company’s press release issued on Friday.
Stockholder proposals must be submitted by close of business on August 7, 2016. The deadline for timely notice of other business to be brought before the Annual Meeting (including nominations for election to the Board of Directors) is the close of business on July 18, 2016, according to the press release.
The Williams board was comprised of 13 members prior to the resignation of six members on June 30. The six members resigned following a failed attempt to oust Williams CEO, Alan Armstrong. Seven members remain present on the current Board.
Article III, Section 1 of the company’s bylaws require a minimum of five members to constitute the Board of Directors.
In a July 1 press release, Williams stated it would “evaluate the appropriate size and composition of the Board going forward in accordance with its standard Nominating and Governance procedures.”