AkzoNobel, Axalta Coating Systems Revise Governance Terms for Planned Merger

03:37 AM EDT, 07/23/2026 (MT Newswires) -- Dutch paint company AkzoNobel (AKZA.AS) and Axalta Coating Systems revised governance arrangements for their proposed all-share merger of equals following discussions with shareholders, according to a Thursday release. Under the changes, all directors of the combined company will face annual re-election after an initial three-year period, instead of five years. The approval threshold for certain board and executive appointments, dismissals and remuneration-policy changes during that period will be lowered to two-thirds of nonexecutive directors from 75%. Shareholder meetings scheduled for Aug. 5 will proceed with their existing agendas.