Align Technology Shareholder Meeting Rights May Influence Future Board Decisions

Align Technology has amended its corporate bylaws to let certain shareholders call special meetings. The new right applies to investors who have continuously held at least 25% of the company’s common stock for one year. This change gives large, long term shareholders a formal way to request meetings outside the regular annual schedule. Align Technology (NasdaqGS:ALGN) is making this governance adjustment at a time when the shares trade around $174.0. The stock shows mixed recent...