Summary by Moomoo AI
On February 9, 2024, Beyond Meat, Inc. announced the adoption of amended and restated bylaws, effective immediately. The Board of Directors approved changes to the company's voting standards for director elections. The amendment introduces a majority voting standard for uncontested director elections, while maintaining a plurality voting standard for contested elections. This shift aims to enhance corporate governance practices. Additionally, the company's Corporate Governance Guidelines were updated to include a director resignation policy, which requires the Board to act on a recommendation from the Nominating and Corporate Governance Committee within 90 days following election results. The full text of the amended Bylaws is available as Exhibit 3.1 attached to the report, and the Corporate Governance Guidelines can be accessed on Beyond Meat's investor relations website.