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LSDefine

Simple English definitions for legal terms

proxy statement

Read a random definition: writ of dower

A quick definition of proxy statement:

A proxy statement is a document that a company gives to its shareholders before a meeting. It tells them what they will be voting on, like choosing new leaders or deciding on important business deals. The government makes sure companies follow rules when they make these statements.

A more thorough explanation:

A proxy statement is a document that public companies have to give to their shareholders before a shareholder meeting. The Securities and Exchange Commission (SEC) makes companies follow Schedule 14A when they file their proxy statement. Companies use a Form DEF 14A to file their proxy statements. Proxy statements explain proposals that shareholders will vote on, like electing new directors, deciding on executive compensation plans, and voting on important transactions.

Let's say you own some shares in a company. The company wants to make some big changes, like hiring new executives or merging with another company. Before they can do that, they have to get approval from their shareholders. They'll send you a proxy statement that explains what they want to do and asks for your vote. You can vote in person at the shareholder meeting or by filling out a proxy card and sending it back to the company.

Another example could be a company proposing a new policy that would affect the environment. The proxy statement would explain the policy and ask shareholders to vote on whether or not to approve it.

These examples show how a proxy statement is a way for companies to communicate with their shareholders and get their input on important decisions.

proxy | prudence

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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