RRD Extends Existing Stockholder Rights Plan
R.R. Donnelley & Sons Company announced that the Company’s Board of Directors has amended the Company’s stockholder rights plan to extend its final expiration date to August 28, 2022.
The Board extended the Rights Plan due to concerns about the potential for one or more persons or groups to gain undue influence over or control of the Company through open market accumulation or other tactics. The Rights Plan does not prevent any action the Board determines to be in the best interests of the Company and its stockholders.
As the Company previously announced, if circumstances warranted an extension of the Rights Plan, the Board would submit the extended Rights Plan to stockholders for ratification at the Company’s 2022 annual meeting of stockholders (the “2022 Annual Meeting”). If not approved by stockholders, the Rights Plan would expire at the close of business on the first business day following the certification of the voting results for the 2022 Annual Meeting.
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of Printing Impressions.