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LSDefine

Simple English definitions for legal terms

annual meeting

Read a random definition: jus possessionis

A quick definition of annual meeting:

An annual meeting is a gathering of the people who own a company, called shareholders, that happens once a year. At this meeting, the shareholders vote to choose the people who will run the company, called the board of directors. They also vote to approve the company's financial statements and can talk about other important things that affect the company. Sometimes, shareholders can't go to the meeting, so they vote by proxy, which means they send in their vote ahead of time. The company has to tell everyone about the meeting and what will be voted on in a document called a proxy statement.

A more thorough explanation:

An annual meeting is a gathering of a company's shareholders that takes place once a year. The purpose of the meeting is to elect the board of directors and to vote on important matters related to the company's operations. The meeting is usually held on a specific date or according to a formula set out in the company's bylaws.

  • At the annual meeting, shareholders vote on the election of the board of directors. This means that they choose who will be responsible for making important decisions about the company's future.
  • Shareholders also vote on the approval of the company's financial statements. This is important because it ensures that the company is being transparent about its financial performance.
  • Other matters that may be discussed and voted on at the annual meeting include changes to the company's bylaws, ratification of board actions, and requests for the board to take action if the company is underperforming.

For example, if a company is not doing well financially, shareholders may use the annual meeting to request that the board take action to improve the company's performance. This could involve making changes to the company's strategy or leadership team.

annual exclusion gift | annual percentage rate (APR)

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GreyCeaselessMammoth
10:41
oh that's interesting, is your skin more resistant to the sun??
JumpySubsequentDolphin
10:42
@GreyCeaselessMammoth: there isn’t much sun here ☹️
10:42
shaq is rite, gotta stay on top if this shit.
PuppyBot
10:42
pigmentation reduces vitamin D production in the skin
JumpySubsequentDolphin
10:42
also yeah Arabs are like perpetually vit d deficient. we get those big bulk pill bottles for everyone in my family
GreyCeaselessMammoth
10:43
that's so interesting, i have a lot of arab family but i haven't heard of that
GreyCeaselessMammoth
10:43
i guess it makes sense
JumpySubsequentDolphin
10:43
@shaquilleoatmeal: I still think that would hurt my stomach
lilypadfrog
10:43
@shaquilleoatmeal: quarterly is crazy I haven’t gotten a physical in over three years
PuppyBot
10:43
median vitamin D intakes of American blacks are below recommended intakes in every age group, with or without the inclusion of vitamin D from supplements.
JumpySubsequentDolphin
10:43
@GreyCeaselessMammoth: NO WAY!! from where mammoth
GreyCeaselessMammoth
10:44
egypt! wa usratik mineyn?
indian people are also vitamin d deficient lolol
cumsock
10:44
i want a burgerrrrrrrrrr cheesy burger double patty bacon pickles
10:44
i am vitamin d deficient lol
PuppyBot
10:44
no pickles
JumpySubsequentDolphin
10:45
@GreyCeaselessMammoth: I LOVE EGYPTIAN ARABIC IT KILLS ME
JumpySubsequentDolphin
10:45
im palestinian
shaquilleoatmeal
10:45
@lilypadfrog: lmao, i get vo2 testing done at a lab and they offer it so i just do it. Also wtf havent u gotten a physical in so long?!
GreyCeaselessMammoth
10:45
JUMPYYYY we're neighbors!!
cumsock
10:45
what if ur irish and u are pale enough to reflect light does that mean ur deficient
@GreyCeaselessMammoth: i eat mostly whole foods now on my day to day and its the best
PuppyBot
10:45
maybe. i also burn. so i dont get how im deficient
GreyCeaselessMammoth
10:46
well i'm white but my stepdad is egyptian so i've been there a bunch and raised in a multi-gen egyptian household
10:47
Bio Chemistry is odd, some ppl just cannot absorb certain nutrients/vits. Like some calcium deficient ppl actually loose more calcium when they increase intake.
10:48
also some ppl are hyper sensitive to hormones/vit/nutrients.
JumpySubsequentDolphin
10:48
@GreyCeaselessMammoth: love my masris
JumpySubsequentDolphin
10:48
@PuppyBot: I burn bad i don’t get it either
cumsock
10:49
i burn worse
shaquilleoatmeal
10:49
deficiencies are one thing, what scares me the most is if i ever became antibiotic resistant
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