JetBlue (NASDAQ: JBLU) revises bylaws on nominations and legal forums
Rhea-AI Filing Summary
JetBlue Airways Corporation has updated its amended and restated bylaws, effective December 9, 2025. The changes refine how stockholders can nominate director candidates, including rules on the form of notices, the number of nominees, how nominations are presented at meetings, and enhanced disclosure requirements around nominees and supporters.
The bylaws also revise proxy access provisions to align with recent Delaware law, clarify timing and ownership requirements for using proxy access, and update procedures for conducting stockholder meetings. Majority voting provisions for director elections are revised so that the process for any director resignations will be addressed in the company’s corporate governance guidelines. In addition, JetBlue updates indemnification and advancement-of-expense provisions to current market terms and adopts exclusive forum clauses designating Delaware courts for most internal corporate disputes and U.S. federal courts for Securities Act claims, unless the company consents to another forum.
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FAQ
What did JetBlue (JBLU) change in its bylaws on December 9, 2025?
JetBlue updated its amended and restated bylaws to refine stockholder nomination procedures, revise proxy access provisions, clarify stockholder meeting procedures, update majority voting mechanics for director elections, modernize indemnification and expense advancement provisions, and adopt exclusive forum clauses for certain legal claims.
How do the new JetBlue (JBLU) bylaws affect stockholder director nominations?
The bylaws now clarify how notices of director nominations must be delivered, address the number of nominees and the presentation of nominations at meetings, and enhance disclosure requirements about nominees and those involved in the nomination process.
What proxy access changes did JetBlue (JBLU) implement?
JetBlue updated its proxy access provisions to conform with recent Delaware law. The revisions clarify the time period during which stockholders must submit proxy access notices and the requirements for stockholder ownership needed to use proxy access.
What is JetBlue’s new exclusive forum provision in its bylaws?
The bylaws designate the Court of Chancery of the State of Delaware, or if it lacks subject matter jurisdiction, the federal district court in Delaware as the exclusive forum for certain actions against the company. They also designate the federal district courts of the United States as the exclusive forum for Securities Act of 1933 claims, unless JetBlue consents to another forum.
How did JetBlue (JBLU) change its director election and resignation process?
JetBlue updated its majority voting provisions for director elections so that the process for any director resignations related to majority voting outcomes will be set forth in the company’s corporate governance guidelines rather than detailed directly in the bylaws.
What changes did JetBlue (JBLU) make to indemnification and expense advancement?
The amended bylaws update indemnification and advancement of expenses provisions to reflect market terms, including specifying who is covered and how proceedings and expenses will be administered.
