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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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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the devil
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20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
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im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
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22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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JumpySubsequentDolphin
22:39
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JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
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