Axalta announces shareholder meeting on pending AkzoNobel merger

Axalta will hold a special meeting in Philadelphia on Aug. 5, 2026 to vote on governance arrangements tied to its pending merger of equals with AkzoNobel.

Shareholders will be asked to back changes that move to annual director elections starting three years after closing, versus five years previously.

The meeting will also vote on lowering the supermajority threshold during the first three years to two-thirds of non-executive directors from 75%.

The threshold would apply to proposals on director appointments or removals, senior executive appointments, chair titles, remuneration policy amendments.