Form with which the secretary of a corporation notifies all necessary parties of the date, time, and place of a special meeting of the board of directors.
Special Meeting Of Shareholders Template In Maricopa
State:
Multi-State
County:
Maricopa
Control #:
US-0014-CR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
The primary purpose of an EGM is to make decisions on matters of significant importance to the company and its shareholders. These matters may include: Amendments to the company's articles of association. Approval of major transactions, such as mergers or acquisitions.
The extraordinary general meeting is used as a way to meet and deal with urgent matters that arise in between the annual shareholders' meetings. An EGM might be called to deal with any of the following: The removal of an executive. A legal matter. Any matter that can't wait until the next shareholders meeting.
(d) Special meetings of the shareholders may be called by the board, the chairperson of the board, the president, the holders of shares entitled to cast not less than 10 percent of the votes at the meeting, or any additional persons as may be provided in the articles or bylaws.
Shareholders must be given clear advance notice of the meeting's date, time, place, and agenda, typically within a state-specified timeframe. A corporation's bylaws or certificate of incorporation may allow the board, executives, or qualifying shareholders to call a special meeting.
While AGMs focus on routine governance and accountability, EGMs provide a mechanism for addressing urgent or significant issues that arise between annual meetings.
For example, the removal of a top executive might constitute the agenda of an extraordinary general meeting. An EGM is also called a special/emergency general meeting.
An Extraordinary General Meeting (EGM) is an urgent meeting called to address pressing company issues or emergencies. These matters require the immediate attention of the board, shareholders and senior company executives.
Shareholders occasionally hold special meetings outside of normal annual meetings—and these should be recorded with meeting minutes. Special meetings are typically held when urgent or sudden changes occur to the corporation.
The Board usually meets two Wednesdays every month in the Supervisor's Auditorium at the Maricopa County Complex in Phoenix, Arizona. Members of the public are invited to attend these meetings. As of November 2022, Bill Gates is the board's chairman.
