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Beacon Financial Corporation announced its intention to propose an amendment to its Charter at the next annual meeting…
BBTBeacon Financial Corp
Beacon Financial Corporation announced its intention to propose an amendment to its Charter at the next annual meeting of stockholders. The proposed change would allow directors to be removed with or without cause by a majority vote of outstanding shares, aligning with Section 141(k) of the Delaware General Corporation Law. The Board decided against calling a special meeting to amend the Charter to avoid unnecessary costs. Beacon Financial Corporation is a financial services company.