Align Technology (NASDAQ: ALGN) sets 25% threshold for stockholder special meetings
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Align Technology, Inc. updated its corporate bylaws after board approval on February 24, 2026. The amended and restated bylaws now require the board to call a special stockholder meeting if one or more stockholders properly request it and have continuously held at least 25% of the company’s outstanding common stock for at least one year before mailing the request.
The bylaws also add informational, timing, and other procedural requirements for such requests, and include additional clarifying, conforming, technical, and ministerial changes. The full amended bylaws are attached as an exhibit.
Positive
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8-K Event Classification
2 items: 5.03, 9.01
2 items
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What governance change did Align Technology (ALGN) make in this 8-K?
Align Technology amended and restated its bylaws to add a stockholder special meeting right. The board must call a special meeting if properly requested by qualifying holders meeting ownership and timing conditions, as detailed in the amended bylaws attached as an exhibit.
What is the ownership threshold for calling a special meeting at Align Technology (ALGN)?
Stockholders must collectively hold at least 25% of Align Technology’s outstanding common stock. They must have held this stake continuously for at least one year before mailing a special meeting request and also comply with specified informational and timing requirements.
Did Align Technology (ALGN) change anything else in its bylaws besides special meeting rights?
Yes. Along with introducing the special meeting provisions, Align Technology made additional clarifying, conforming, technical, and ministerial changes. These updates are contained in the amended and restated bylaws, which are filed as an exhibit to the current report.
Where can investors see the full amended bylaws of Align Technology (ALGN)?
The complete amended and restated bylaws are filed as Exhibit 3.1. Investors can review this exhibit to see the detailed special meeting procedures, ownership requirements, and other language changes approved by the board on February 24, 2026.