Proxy Statement
A document the SEC requires public companies to provide to shareholders before a shareholder meeting, containing information needed to make informed voting decisions.
Encyclopedia entry: Proxy Statement
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proxy statement
A proxy statement is a document that public companies must provide their shareholders prior to a shareholder meeting .
The Securities and Exchange Commission (SEC) requires companies to file their proxy statement in compliance with Schedule 14A . Companies file proxy statements on a Form DEF 14A. Proxy statements summarize proposals submitted to shareholders for a vote, such as election of new directors , submission of executive compensation plans, and votes on material transactions.
[Last reviewed in February of 2022 by the Wex Definitions Team
]
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.