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Get filing alertsHP amends bylaws to narrow director 'competitor' definition to principal competitors
Filed June 26, 2026 · Period ending June 24, 2026 · ~1 min read
Key Changes
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Board amended bylaws to redefine 'competitor' for director qualification as 'principal competitor' determined by the Board, giving directors more flexibility in evaluating candidates with industry ties.
Item 5.03 verify on EDGAR →
Summary
HP's Board amended the company's bylaws to narrow the definition of 'competitor' used in director qualification provisions. Previously, the bylaws restricted directors affiliated with any competitor; the new language limits the restriction to 'principal competitors' as determined by the Board.
This change gives the Board discretion to evaluate director candidates who may have relationships with companies in related industries without automatic disqualification. The amendment is a routine governance adjustment that expands the pool of potential director candidates while maintaining oversight of material conflicts.
Section-by-Section Diff
Event · Item 5.03 — Amendments to Articles of Incorporation or Bylaws
Item 5.03 — Amendments to Articles of Incorporation or Bylaws filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
The amendments to the Bylaws modify the definition of “competitor” in the director qualification provisions in Section 3.3 of the Bylaws to mean a company that is a principal competitor of HP, as determined by the Board.
HP's Board amended the bylaws to change how 'competitor' is defined for director qualification purposes. The new definition narrows the scope to 'principal competitor' rather than any competitor, with the Board having discretion to make that determination. This gives the Board more flexibility in evaluating director candidates who may have ties to companies in related industries.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 26, 2026 · How we verify