Global Payments Inc. has amended its corporate bylaws, effective October 28, 2026, to establish an exclusive legal forum for internal corporate claims and to set a minimum ownership threshold for shareholders wishing to file derivative lawsuits on behalf of the company.
Key Details
- Exclusive Forum: The Georgia State-wide Business Court is now designated as the sole and exclusive forum for internal entity claims, including shareholder actions related to corporate records.
- Derivative Lawsuit Threshold: Shareholders must now own at least 1% of the company's shares to commence or maintain a derivative proceeding.
- Effective Date: The amendments were approved by the Board of Directors on October 28, 2026, and are effective immediately.