Relating to the submission and approval of certain proposals by shareholders of nationally listed corporations.

HB 4115 establishes requirements for shareholders to submit proposals to certain Texas corporations with national stock listings. It applies to Texas-formed companies listed on national exchanges that either have their main office in Texas or are listed on a Texas-approved exchange. To submit a proposal, shareholders must own either $1 million in market value of voting shares or 3% of the company’s voting shares for six months and secure support from 67% of voting shareholders. The bill does not apply to director nominations or procedural meeting resolutions. This is a procedural rule change affecting shareholder voting rights, effective September 1, 2025.