Estée Lauder Updates Bylaws to Reflect Modern Governance Practices

The Estée Lauder Companies Inc. amended and restated its bylaws. Key changes include new procedural requirements for shareholder proposals and director nominations, adoption of exclusive forum provisions for certain legal claims, clarification that indemnification for agents is optional, and updates aligning with Delaware law. The Board also removed the Executive Chairman role and established a Chair of the Board position. These updates aim to modernize governance and enhance clarity.