On April 4, 2023, Proto Labs Inc announced that it has received shareholder proposal from James McRitchie and Myra Young, asking the Company to amend its bylaws to include shareholder approval is required for any advance notice bylaw amendments that 1) require the nomination of candidates more than 90 days before the annual meeting, 2) impose new disclosure requirements for director nominees, including disclosures related to past and future plans, or 3) require nominating shareholders to disclose limited partners or business associates, except to the extent such investors own more than 5% of the Company's shares. In addition, the Company recommended the shareholders to vote against the proposal at the annual meeting of shareholders scheduled to be held on May 17, 2023.