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Did Proposed Officer Liability Shield Just Shift Array Digital Infrastructure's (AD) Investment Narrative?
Array Digital Infrastructure, Inc. has proposed amending its Restated Certificate of Incorporation to add exculpation protections for certain corporate officers against monetary damages for breaches of the fiduciary duty of care, subject to limitations, with shareholders asked to vote on the change at the May 19, 2026 annual meeting.
This move, which would extend protections similar to those already available to directors, raises important questions about how investors assess management...