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LSDefine

Simple English definitions for legal terms

proxy

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A quick definition of proxy:

A proxy is a person who represents someone else at a meeting for a company. They have a special document that proves they can do this. The law says that the proxy has the same rights as the person they are representing. This means they can vote and hear what is happening at the meeting. They can also vote without going to the meeting. A proxy statement is a letter that the company sends to shareholders before the meeting. It tells them what will be voted on and who is running for the board of directors. The Securities and Exchange Commission (SEC) makes sure that companies follow the rules when they send out proxy statements.

A more thorough explanation:

A proxy is a person who represents someone else at a company's shareholders' meeting. They have a legal document that proves they have the authority to act on behalf of the shareholder.

According to the Delaware General Corporation Law (DGCL), the proxy holder has the same rights as the shareholder they represent. This means they can participate in the meeting, vote, and hear the proceedings of the meeting, whether it's held in person or remotely.

For example, if a shareholder cannot attend a meeting, they can appoint a proxy to attend and vote on their behalf. The proxy will have the same rights as the shareholder to vote and express their consent or dissent in writing without a meeting.

Proxy can also refer to a proxy statement, which is a written notice that companies must send to shareholders before voting by proxy. The statement includes information about the issues to be voted upon, the names of directors up for election to the board, and votes on transactions.

For example, if a company wants to merge with another company, they must send a proxy statement to their shareholders. The statement will explain the details of the merger and ask shareholders to vote on whether or not they approve of the merger.

The Securities and Exchange Commission (SEC) requires companies to file their proxy statements in compliance with Schedule 14A. Companies file proxy statements on a Form DEF 14A.

Proximate cause | proxy statement

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TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
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windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
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try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
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