Illinois Proxy statement for stockholder action by written consent - ALC Communications Corporation
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A document sent to shareholders letting them know when and where a shareholders' meeting is taking place and detailing the matters to be voted upon at the meeting. You can attend the meeting and vote in person or cast a proxy vote.
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.
Proxy statements are documents that the Securities and Exchange Commission requires companies to give to shareholders so they can weigh in on important company issues. Proxy statements offer shareholders information about changes on the board and other important decisions the board needs to make.
A general proxy is empowered to vote freely on any matter which arises at the meeting, whereas a limited proxy is only allowed to vote on certain matters which arise, or must vote in a particular way as determined by the principal voter.
Filling out a voting proxy form is necessary in order to be able to have someone vote on your behalf in an election or referendum. Proxy voting, the act of having some else vote on your behalf, is often allowed in specific circumstances.
Proxy statements are intended for shareholders with voting rights, while annual reports are for anyone following the company. This may be shareholders, including potential investors, regulators, financial institutions and more.
