ALBEMARLE CORP

The proposal requests that the company amend its governing documents to permit shareholders holding a combined 10% of outstanding common stock (or the lowest percentage permitted under state law) to call a special shareholder meeting, and to allow such meetings to be held online. It also asks that no ownership holding-period requirement be imposed to participate in calling a special meeting. The proponent states the change would strengthen shareholder engagement by providing shareholders a "Plan B" if governance or strategy issues are not adequately addressed. The submission cites examples of similar proposals at other companies and emphasizes that online meetings make special meetings less burdensome.