Micron Technology Updates Bylaws to Reflect Delaware Law Changes

Micron Technology has updated its bylaws to align with recent changes in Delaware state law, specifically the Delaware exclusive forum provision. The amendments aim to enhance the company's corporate governance practices and ensure legal compliance. The changes reflect Micron Technology's proactive approach to governance and dedication to best practices in corporate management. The full text of the amended bylaws is available in the company's official filings.

Micron Technology, Inc. (NASDAQ: MU) has amended its corporate bylaws to reflect recent changes in Delaware state law. The updates, effective as of July 17, 2025, were approved by the company's Board of Directors and focus on aligning the Delaware exclusive forum provision with recent statutory changes. This amendment aims to enhance corporate governance practices and ensure legal compliance.

The primary change involves the exclusive forum provision, a technical legal clause that dictates where certain shareholder lawsuits can be filed. By updating its bylaws, Micron Technology is proactively addressing evolving Delaware corporate law, which governs the majority of U.S. public companies. The amendment does not impact the company's financials, operational strategy, or capital structure, as it is strictly a legal and procedural update.

The amended bylaws are available in the company's official filings, providing full transparency for investors and stakeholders. This update underscores Micron's commitment to robust governance and adherence to legal best practices. According to the filing, "The Amended Bylaws include an amendment to adjust the Company’s existing Delaware exclusive forum provision to reflect changes in the laws of the state of Delaware, and other ministerial, clarifying and conforming changes."

In addition to the bylaws update, Micron Technology has received positive analyst ratings and significant investment from billionaire Kerr Neilson. Mizuho Securities recently raised its price target on Micron Technology from $130 to $150, maintaining an 'Outperform' rating following the company's strong earnings results for Q3 fiscal 2025. The company's share price has seen a 46.76% year-to-date increase, driven by robust demand for its DRAM and high-bandwidth memory (HBM) chips. Micron is expected to expand its role in the AI market, with its HBM market share projected to reach 25% by the end of 2025.

References:
[1] https://www.reddit.com/r/PocketQuantResearch/comments/1m3cjb1/mu_8k_bylaws_amended_to_reflect_delaware_law/
[2] https://finance.yahoo.com/news/mizuho-securities-maintains-outperform-rating-121945632.html