HP Amends Bylaws to Redefine 'Competitor' for Director Eligibility

HP Inc. announced that its Board of Directors approved and adopted amendments to the company's bylaws, effective June 24, 2026. The amendment modifies the director qualification provisions by changing the definition of a 'competitor' company.

Key Details

• Amendment: The change modifies the definition of “competitor” in Section 3.3 of the company's bylaws, which outlines qualifications for director nominees.
• New Definition: A “competitor” is now defined as a company that is a “principal competitor of HP, as determined by the Board,” giving the Board discretion in this determination.
• Effective Date: The amended and restated bylaws became effective on June 24, 2026.