Form with which the secretary of a corporation notifies all necessary parties of the date, time, and place of the annual stockholder's meeting.
Form with which the secretary of a corporation notifies all necessary parties of the date, time, and place of the annual stockholder's meeting.
A proxy statement outlines the changes or updates, so that shareholders can verify the information and see the company holding itself accountable for its decisions. Shareholders hold an important role in the future success of the company, which requires access to information.
The proxy documents provide shareholders with the information necessary to make informed votes on issues important to the company's performance. A proxy statement offers shareholders and prospective investors insight into a company's governance and management operations.
A proxy statement allows shareholders time they need to research and consider the options before them, so they can make an educated decision at vote time. Detailed reports give shareholders relevant data that they can use to assess the health of the company and the best choices for the future.
In a proxy vote, a shareholder delegates another individual or firm to vote on their behalf; the person voting for the shareholder is called the proxy. This commonly occurs when the shareholder can't attend the annual meeting in person. Most shareholders have a proxy but may not even know it.
A proxy may refer to a person who is authorized to act for another or it may designate the function or authority of serving in another's stead. In the latter sense, it generally is preceded by the word by (“vote by proxy”).
Proxy statements describe matters up for shareholder vote, and include management and executive compensation information if the shareholders are voting for the election of directors.
Proxy Statement Filing Date: Allow 1-3 business days between the definitive proxy statement SEC Filing date and mail date. Meeting Date: At least 40 calendar days is required between the mailing and meeting dates if you are sending the Notice only.
A shareholder entitled to vote has the right to appoint a proxy holder to attend and vote on his or her behalf at any shareholders' meeting. If your corporation has more than 50 shareholders or is a distributing corporation, certain rules apply regarding sending a form of proxy.
Proxy Statement Filing Date: Allow 1-3 business days between the definitive proxy statement SEC Filing date and mail date. Meeting Date: At least 40 calendar days is required between the mailing and meeting dates if you are sending the Notice only.