L3HARRIS TECHNOLOGIES, INC. /DE/
Shareholder Proposals
Item 4
Amend governing documents to allow shareholders owning a combined 10% of outstanding common stock to call a special (including online) shareholder meeting.
The proposal requests that the company amend its governing documents so that holders of a combined 10% of outstanding common stock (or the lowest percentage permitted by state law) may call a special shareholder meeting, and that such meetings may be held online. The proposal also asks that no minimum ownership holding period be required for shareholders to participate in calling a special meeting. The proponent argues this right helps guard against board complacency and helps shareholders pursue urgent governance or strategic actions between annual meetings, citing the company’s previous say-on-pay result and alleged executive pay concerns as a rationale. The proposal is submitted for shareholder vote and explicitly contemplates online meetings and the removal of any discriminatory holding-period rules.