Market Overview

EQT to Declassify Board of Directors

EQT Corporation (NYSE: EQT) today announced that it intends to include
in its proxy statement for the 2013 annual shareholder meeting a
proposal to eliminate the Company's classified board structure. The
recommended proposal, which was approved by the Board of Directors, is
subject to shareholder approval at the Company's 2013 annual meeting.

Currently, the Board of Directors is divided into three classes, each of
which is elected for a three-year term. If the proposal receives
shareholder approval, declassification of the board will be implemented
via a phase-in approach beginning with the 2014 annual meeting. The
phase-in will allow each class of directors to complete their existing
terms; however, future elections will have a one-year term. Any director

See full press release

Posted-In: News Guidance Management

 

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