Eastman Chemical Co. said Friday that its board will recommend that stockholders approve amendments to the company's certificate of Incorporation to eliminate all supermajority stockholder voting provisions that are not required by Delaware law.
The Kingsport, Tenn., maker and distributor of chemicals, plastics, and fibers said the recommended amendments and related changes to the bylaws will be described in detail in the company's 2012 annual meeting proxy statement and submitted to stockholders at the company's 2012 annual meeting of stockholders. A call seeking further comment was not immediately returned.