The board of Waltham’s Mac-Gray Corp. disclosed a change to the company’s governance framework. The panel approved the termination of its shareholder rights plan and voted to recommend the adoption of a majority vote standard to amend Mac-Gray's bylaws. The provider of laundry facilities management services to multifamily housing and college and university residence halls also nominated the reelection of directors David W. Bryan and Mary Ann Tocio.
Mac-Gray alters its governance structure
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