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A proxy statement is a document that public companies must provide their shareholders prior to a shareholder meeting. The Securities and Exchange Commission (SEC) requires companies to file their proxy statement in compliance with Schedule 14A. Companies file proxy statements on a Form DEF 14A.
SEC Form DEF 14A, also known as a "definitive proxy statement," is a required filing when a shareholder vote is required. The Form DEF 14A outlines the list of items up for vote by shareholders, such as the hiring of new directors or other business decisions.
SEC Form DEF 14A, also known as a "definitive proxy statement," is a required filing when a shareholder vote is required. The Form DEF 14A outlines the list of items up for vote by shareholders, such as the hiring of new directors or other business decisions.
A preliminary proxy statement, or SEC Form PRE 14A, notifies shareholders of a vote and includes all the context shareholders need to make an informed decision about their vote. Companies usually file a preliminary proxy statement 10 days before the definitive proxy statement or SEC Form DEF 14A.
Proxy statements must disclose the company's voting procedure, nominated candidates for its board of directors, and compensation of directors and executives.