Axalta Coating Systems entered into Amendment No. 2 to its Merger Agreement with AkzoNobel, refining post-merger governance. The amendment introduces annual re-election of all directors after the first three years and, during that initial period, requires approval by two-thirds of non-executive directors for director appointments and removals, CEO/Deputy CEO/CFO changes, chair designations, and remuneration policy amendments. All other terms of the merger agreement remain in effect as the parties continue toward closing.
Agreement details:
- Agreement type: Amendment No. 2 to Merger Agreement
- Counterparty: AkzoNobel
- Signed / Effective: Jul 23 2026 / same
- Reason: Refine post-merger governance and director approvals
Original SEC Filing:
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