ITC Holdings Corp. 8-K/A
Research Summary
AI-generated summary
ITC Holdings Corp. Reports Board Size Increase & Director Changes
What Happened
- ITC Holdings Corp. filed an 8-K on February 5, 2026 reporting Item 5.02 (departure/election of directors or certain officers) and Item 5.03 (bylaw amendment).
- On November 13, 2025, the company's shareholder adopted the Twelfth Amended and Restated Bylaws, effective immediately, modifying Section 5.02 to increase the maximum Board size from 13 to 15 members.
Key Details
- Bylaw adoption date: November 13, 2025.
- Change: maximum Board size increased from 13 to 15 (Section 5.02).
- Effective immediately upon adoption.
- The Twelfth Amended and Restated Bylaws will be filed as an exhibit to ITC Holdings’ next Annual Report on Form 10-K.
Why It Matters
- The formal increase in the board’s maximum size allows for up to two additional director appointments, which can change board composition and committee assignments.
- Investors should review the company’s 8-K and forthcoming 10-K exhibit for the full bylaw text and check the original Item 5.02 disclosure for specifics on the director/officer changes (names, effective dates, and roles).