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Get filing alertsJPMorgan Chase amends bylaws to tighten control over legal fee advancement to officers
Filed April 24, 2026 · Period ending April 21, 2026 · ~1 min read
Key Changes
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Board amended bylaws to require that any advancement of legal fees or expenses to directors and officers comply with Corporation-established terms, which JPMorgan can modify at its discretion.
Item 5.03 — Amendments to Articles of Incorporation or Bylaws verify on EDGAR →
Summary
JPMorgan Chase's Board amended the company's bylaws effective April 21, 2026, updating Article IX provisions that govern when and how the bank advances legal fees or expenses to directors, officers, and employees facing legal proceedings. The change requires any such advancement to comply with terms the Corporation establishes and may modify unilaterally. This is a routine governance matter with no immediate red flags.
The amendment gives management greater discretion over advancement decisions, which could matter in future litigation scenarios but has no direct impact on current operations or shareholder value. Retail holders should watch whether the company discloses the specific terms it establishes under this new framework, though such disclosure is not required and may not occur.
Section-by-Section Diff
Event · Item 5.03 — Amendments to Articles of Incorporation or Bylaws
JPMorgan Chase amended its By-laws to update advancement provisions, requiring compliance with Corporation-established terms for fee/expense advances.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
The Board of Directors (the “Board”) of JPMorgan Chase & Co. (the “Corporation”) has adopted amendments to the Corporation’s By-laws, effective April 21, 2026 (as so amended, the "By-laws"), to update the advancement provisions in Article IX, including by requiring that any advancement of fees or expenses comply with terms and conditions established by the Corporation, which the Corporation may amend or modify.
JPMorgan Chase's Board amended the company's By-laws effective April 21, 2026, specifically updating Article IX provisions related to advancement of fees or expenses. The amendment requires that any such advancement comply with terms and conditions that the Corporation establishes and may change at its discretion. This gives the company greater control over when and how it advances legal fees or expenses to directors, officers, or employees in connection with legal proceedings.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 17, 2026 · How we verify