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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