Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

Under Maryland law, the shareholders of a Maryland real estate investment trust only have the right to cumulate votes in an election of trustees if such right is explicitly provided for in the company's declaration of trust. The Company's Articles of Amendment and Restatement of Declaration of Trust, which has not been amended since the Company's initial public offering, does not grant shareholders cumulative voting in the election of trustees. Accordingly, the Company has never permitted or provided for cumulative voting in its annual elections of trustees. Effective March 9, 2020, the Board of Trustees amended and restated the Company's bylaws ("Bylaws") to revise Article II, Section 7 of the Bylaws to conform to the Company's Articles of Amendment and Restatement of Declaration of Trust by removing an inoperative and inadvertent reference to cumulative voting. The Board of Trustees further revised the Bylaws to remove old Article XV (Special Election Meeting) and related references as they were no longer operative given satisfaction of the conditions that were set forth therein.

The foregoing summary of the Bylaws is qualified in its entirety by reference to the copy of the Bylaws filed as Exhibit 3.1 hereto and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits



(d)      Exhibits
Exhibit
 Number    Description

  3.1        Amended and Restated Bylaws of American Homes 4 Rent
  104      Cover Page Interactive Data File (embedded within the Inline XBRL document)

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