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SEC Form PRE 14A is a form that must be filed with the Securities and Exchange Commission on certain matters requiring a shareholder vote. Proxy materials are filed to shareholders before annual meetings to disclose important information and give them a chance to vote on basic issues.
A universal proxy card lists the names of all duly- nominated director candidates for election at an upcoming shareholder meeting, regardless of whether the candidates were nominated by management or shareholders.
For example, if a member will be absent from a company meeting, they have the right to appoint another person (a non-member of the company) to attend the meeting and vote in their stead. This person is therefore called a Proxy.
Proxy statements must offer insights into board and company performance, including: The salaries of the company's five highest-paid executives (including bonuses and equity) and the appropriate benchmark in chart form. Executive performance and the performance of executives of similar companies.
Introduction. A proxy is an individual, legally allowed to act on behalf of another party or a format that would allow a participant to vote without being physically present at the meeting.