On March 28, 2024, First Solar Inc announced that it has received a shareholder proposal from John Chevedden requesting that the board to take the steps necessary to amend the appropriate Company governing documents to give the owners of a combined 10% of the outstanding common stock the power to call a special shareholder meeting (or the lowest percentage according to state law) regardless of length of stock ownership also in accordance with state law and to enable street name shareholders and non-street name shareholder to have as much equal rights in calling for a special shareholder meeting as allowed by state law. In addition, the Company urged the shareholders to vote against the shareholder proposal at its annual general meeting of shareholders scheduled to be held on May 8, 2024.
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