Maryland Security ownership of directors, nominees and officers showing sole and shared ownership

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Multi-State
Control #:
US-CC-24-285B
Format:
Word; 
Rich Text
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This sample form, a detailed Security Ownership of Directors, Nominees and Officers Showing Sole and Shared Ownership document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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FAQ

Registered owners (or record holders) receive a proxy and cast votes directly with the company that issues the shares. Beneficial owners, on the other hand, receive a ?voting instruction form? directing their brokerage firm or other financial institution how to vote their shares.

The Companies Act 2006 simply refers to a shareholder's right to appoint ?another person?. Therefore, a shareholder can appoint any other person to serve as their proxy. There is no statutory requirement for a proxy to be a shareholder, director, or secretary of the company.

A beneficial owner of a company is any individual who, directly or indirectly, exercises substantial control over a reporting company, or who owns or controls at least 25 percent of the ownership interests of a reporting company.

A beneficial owner is someone who owns at least part of a property or other asset, even if its legal title is owned by someone else. That person can also vote on or otherwise influence decisions regarding transactions involving that asset or property. An example is a corporate shareholder.

Under financial regulations, a beneficial owner is considered anyone with a stake of 25% or more in a legal entity or corporation. Beneficial owners can also be considered anyone with a significant role in the management or direction of those entities, or any trusts that own 25% or more of an entity.

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Maryland Security ownership of directors, nominees and officers showing sole and shared ownership