PHILADELPHIA -- Pep Boys this week announced an amendment of its bylaws that will give shareholders holding 15 percent of the company’s stock the right to call a special meeting.
“Good governance is something that we practice every day at Pep Boys. We are very proud of our RiskMetrics Corporate Governance Quotient, which indicates that Pep Boys outperforms 97.8 percent of the Standard & Poor’s 600 Index,” said Max Lukens, chairman of the board. “With the input of our shareholder, John Chevedden, the board of directors saw this amendment as an opportunity to further strengthen our policies.”
