Cummins Announces Proposal to Implement Unilateral Shareholder By-law Amendment Power

Cummins Inc. (NYSE: CMI) today announced that it is planning to submit
to a vote of shareholders at its 2018 Annual Meeting of Shareholders
amendments to its Restated Articles of Incorporation to provide
shareholders with the ability to unilaterally amend Cummins’ By-laws.

If approved by the shareholders, the amendments to the Restated Articles
of Incorporation will become effective promptly after the 2018 Annual
Meeting of Shareholders, along with a conforming By-law amendment.

The proposed amendments to the Restated Articles of Incorporation would
provide Cummins’ shareholders with the power to amend the By-laws upon
the affirmative vote of at least a majority of the votes entitled to be
cast.

The proposed amendments are consistent with Cummins’ commitment to
strong Corporate Governance practices.

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary
business units that design, manufacture, distribute and service diesel
and natural gas engines and related technologies, including fuel
systems, controls, air handling, filtration, emission solutions and
electrical power generation systems. Headquartered in Columbus, Indiana,
(USA) Cummins currently employs approximately 55,400 people worldwide
and serves customers in approximately 190 countries and territories
through a network of approximately 600 company-owned and independent
distributor locations and approximately 7,400 dealer locations. Cummins
earned $1.39 billion on sales of $17.5 billion in 2016. Press releases
can be found on the Web at www.cummins.com.
Follow Cummins on Twitter at www.twitter.com/cummins
and on YouTube at www.youtube.com/cumminsinc.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171013005475/en/

News by QuoteMedia

www.quotemedia.com