{"id":755000,"date":"2023-05-04T11:08:23","date_gmt":"2023-05-04T15:08:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pitney-bowes-board-commits-to-key-governance-enhancements\/"},"modified":"2023-05-04T11:08:23","modified_gmt":"2023-05-04T15:08:23","slug":"pitney-bowes-board-commits-to-key-governance-enhancements","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pitney-bowes-board-commits-to-key-governance-enhancements\/","title":{"rendered":"Pitney Bowes Board Commits to Key Governance Enhancements"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwpadl0 { padding-left: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwuline { text-decoration: underline }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth50 { width: 50% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Pitney Bowes Board Commits to Key Governance Enhancements<\/b><\/p>\n<p class=\"bwalignc\"><i>Will Submit a Proposal to Allow Shareholders to Call Special Meetings<\/i><\/p>\n<p class=\"bwalignc\"><i>Will Adopt Proxy Access Bylaws<\/i><\/p>\n<p>STAMFORD, Conn.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nPitney Bowes (the \u201cCompany\u201d) (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced that its Board of Directors has approved two key governance enhancements. These changes reflect the Company\u2019s ongoing commitment to best corporate governance practices.<\/p>\n<p>\nThe Board will submit a proposal at the 2024 annual meeting of shareholders to amend the Company\u2019s certificate of incorporation to give shareholders the right to call special meetings of shareholders. If the proposal is approved, shareholders holding at least 25% of the outstanding shares of Company common stock may call a special meeting, provided that shareholders comply with customary procedures and requirements.<\/p>\n<p>\nThe Board has also approved the adoption of proxy access bylaws, which will allow shareholders to include their own director nominees in the Company\u2019s proxy materials for its annual meetings. The proxy access bylaws will give a shareholder, or group of up to 20 shareholders, who own at least 3% of the Company\u2019s outstanding shares of common stock continuously for three years the right to nominate the greater of two candidates or 20% of the Board for inclusion in the Company\u2019s proxy materials, provided that shareholders comply with customary procedures and requirements. These bylaws will be adopted following the conclusion of the 2023 annual meeting of shareholders.<\/p>\n<p>\nBob Dutkowsky, Chair of the Board of Pitney Bowes, said \u201cWe believe that these changes are in the best interests of all shareholders and represent best practice in regards to corporate governance. They offer more avenues for our shareholders to directly opine on Board composition and hold us accountable. We continue to engage as always with our shareholders to understand their points of view.\u201d<\/p>\n<p>\nThe Board continues to believe that its eight director nominees and Hestia nominee Katie May are the right Board to lead the Company forward and to drive Pitney Bowes\u2019 strategic transformation and create sustainable value for shareholders.<\/p>\n<p class=\"bwalignc\"><b>VOTE THE <span class=\"bwuline\">GOLD<\/span> PROXY CARD TODAY FOR ALL PITNEY BOWES\u2019 RECOMMENDED DIRECTOR NOMINEES<\/b><\/p>\n<p>\nThe Board urges all shareholders to vote \u201cFOR\u201d all the nominees recommended by the Pitney Bowes Board (all eight Company nominees and the recommended Hestia nominee, Katie May) on the <b><span class=\"bwuline\">GOLD<\/span><\/b> proxy card today. All Pitney Bowes shareholders of record as of the close of business on March 10, 2023 are entitled to vote in connection with the Annual Meeting. Please vote using one of the following methods:<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignt bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth50\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Vote Online<\/b><\/p>\n<p class=\"bwcellpmargin\">\nGo to the website identified on the enclosed <b><span class=\"bwuline\">GOLD<\/span><\/b> proxy card or voting instruction form.<\/p>\n<\/td>\n<td class=\"bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwwidth50\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Vote by Mail<\/b><\/p>\n<p class=\"bwcellpmargin\">\nIf you received your Annual Meeting material by mail, you also may choose to grant your proxy by completing, signing, dating, and returning the enclosed <b><span class=\"bwuline\">GOLD<\/span><\/b> proxy card.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nFor more information about the 2023 Annual Meeting, please visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.VoteforPitneyBowes.com&amp;esheet=53393759&amp;newsitemid=20230504005621&amp;lan=en-US&amp;anchor=www.VoteforPitneyBowes.com&amp;index=1&amp;md5=88c25161cfac0fea46b9027756863f89\">www.VoteforPitneyBowes.com<\/a>. Shareholders who have any questions or need assistance voting may contact the Company\u2019s proxy solicitor, Morrow Sodali LLC, toll-free at 1 (800) 662-5200.<\/p>\n<p><span class=\"bwuline\">About Pitney Bowes<\/span><\/p>\n<p>\nPitney Bowes (NYSE:PBI) is a global shipping and mailing company that provides technology, logistics, and financial services to more than 90 percent of the Fortune 500. Small business, retail, enterprise, and government clients around the world rely on Pitney Bowes to remove the complexity of sending mail and parcels. For the latest news, corporate announcements and financial results visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.pitneybowes.com%2Fus%2Fnewsroom.html&amp;esheet=53393759&amp;newsitemid=20230504005621&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.pitneybowes.com%2Fus%2Fnewsroom.html&amp;index=2&amp;md5=269ae21cf9caaf54d02867709fae7c91\">https:\/\/www.pitneybowes.com\/us\/newsroom.html<\/a>. For additional information visit Pitney Bowes at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.pitneybowes.com&amp;esheet=53393759&amp;newsitemid=20230504005621&amp;lan=en-US&amp;anchor=www.pitneybowes.com&amp;index=3&amp;md5=b0480e43d11b1890575a88d33ae9655e\">www.pitneybowes.com<\/a>.<\/p>\n<p><span class=\"bwuline\">Forward-Looking Statements<\/span><\/p>\n<p>\nThis document contains \u201cforward-looking statements\u201d about the Company\u2019s expected or potential future business and financial performance. Forward-looking statements include, but are not limited to, statements about future revenue and earnings guidance and future events or conditions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from those projected. In particular, we continue to navigate the impacts of the Covid-19 pandemic (Covid-19) as well as the risk of a global recession, and the effects that they may have on our and our clients\u2019 business. Other factors which could cause future financial performance to differ materially from expectations, and which may also be exacerbated by Covid-19 or the risk of a global recession or a negative change in the economy, include, without limitation, declining physical mail volumes; changes in postal regulations or the operations and financial health of posts in the U.S. or other major markets or changes to the broader postal or shipping markets; the loss of, or significant changes to, United States Postal Service (USPS) commercial programs, or our contractual relationships with the USPS or USPS\u2019 performance under those contracts; our ability to continue to grow and manage volumes, gain additional economies of scale and improve profitability within our Global Ecommerce segment; changes in labor and transportation availability and costs; and other factors as more fully outlined in the Company\u2019s 2022 Form 10-K Annual Report and other reports filed with the Securities and Exchange Commission (the \u201cSEC\u201d). Pitney Bowes assumes no obligation to update any forward-looking statements contained in this document as a result of new information, events or developments.<\/p>\n<p><span class=\"bwuline\">Important Additional Information and Where to Find It<\/span><\/p>\n<p>\nPitney Bowes has filed a definitive proxy statement (the \u201cProxy Statement\u201d) and other documents with the SEC in connection with its solicitation of proxies from shareholders in respect of the Annual Meeting. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS ARE URGED TO READ ALL RELEVANT DOCUMENTS, INCLUDING PITNEY BOWES\u2019 PROXY STATEMENT AND ANY AMENDMENTS AND SUPPLEMENTS THERETO AND THE ACCOMPANYING GOLD PROXY CARD, FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN, OR WILL CONTAIN, IMPORTANT INFORMATION ABOUT PITNEY BOWES. Shareholders may obtain free copies of the Proxy Statement and other relevant documents that Pitney Bowes files with the SEC and on Pitney Bowes\u2019 website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.pitneybowes.com&amp;esheet=53393759&amp;newsitemid=20230504005621&amp;lan=en-US&amp;anchor=www.pitneybowes.com&amp;index=4&amp;md5=f43180b6abdb0adab27682f1e0ef1d22\">www.pitneybowes.com<\/a> or from the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=53393759&amp;newsitemid=20230504005621&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=5&amp;md5=0ff0b12c69b4745e2cc3428e21a583d1\">www.sec.gov<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230504005621r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230504005621\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230504005621\/en\/<\/a><\/span><\/p>\n<p>\nEditorial &#8211;<br \/>\n<br \/>Bill Hughes<br \/>\n<br \/>Chief Communications Officer<br \/>\n<br \/>203.351.6785<\/p>\n<p>Financial &#8211;<br \/>\n<br \/>Ned Zachar, CFA<br \/>\n<br \/>VP, Investor Relations<br \/>\n<br \/>203.614.1092<\/p>\n<p>Alex Brown<br \/>\n<br \/>Senior Manager, Investor Relations<br \/>\n<br \/>203.351.7639<\/p>\n<p><b>KEYWORDS:<\/b> Connecticut United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Supply Chain Management Professional Services Online Retail Retail Small Business Logistics\/Supply Chain Management Transport<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230504005621\/en\/451224\/3\/PBI_New_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Pitney Bowes Board Commits to Key Governance Enhancements Will Submit a Proposal to Allow Shareholders to Call Special Meetings Will Adopt Proxy Access Bylaws STAMFORD, Conn.&#8211;(BUSINESS WIRE)&#8211; Pitney Bowes (the \u201cCompany\u201d) (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced that its Board of Directors has approved two key governance enhancements. These changes reflect the Company\u2019s ongoing commitment to best corporate governance practices. The Board will submit a proposal at the 2024 annual meeting of shareholders to amend the Company\u2019s certificate of incorporation to give shareholders the right to call special meetings of shareholders. If the proposal is approved, shareholders holding at least 25% of the outstanding shares of Company common stock may &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pitney-bowes-board-commits-to-key-governance-enhancements\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Pitney Bowes Board Commits to Key Governance Enhancements&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-755000","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pitney Bowes Board Commits to Key Governance Enhancements - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pitney-bowes-board-commits-to-key-governance-enhancements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pitney Bowes Board Commits to Key Governance Enhancements - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Pitney Bowes Board Commits to Key Governance Enhancements Will Submit a Proposal to Allow Shareholders to Call Special Meetings Will Adopt Proxy Access Bylaws STAMFORD, Conn.&#8211;(BUSINESS WIRE)&#8211; Pitney Bowes (the \u201cCompany\u201d) (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced that its Board of Directors has approved two key governance enhancements. These changes reflect the Company\u2019s ongoing commitment to best corporate governance practices. The Board will submit a proposal at the 2024 annual meeting of shareholders to amend the Company\u2019s certificate of incorporation to give shareholders the right to call special meetings of shareholders. 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These changes reflect the Company\u2019s ongoing commitment to best corporate governance practices. The Board will submit a proposal at the 2024 annual meeting of shareholders to amend the Company\u2019s certificate of incorporation to give shareholders the right to call special meetings of shareholders. 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