Business / Taxes / Proxy Statement: The Securities and Exchange Commission (SEC) requires that all publicly traded companies provide a proxy statement to its shareholders prior to the annual meeting. The proxy statement presents the candidates who have been nominated to the board of directors and any proposed changes in corporate management that require shareholder approval. The statment also states the position the board of directors takes on the nominations and proposals. By law, the proxy statement must also present shareholder proposals even if they are at odds with the board’s position. SEC rules also require that the proxy statement shows, in chart form, the total compensation of the company’s five highest paid executives and compares the stock’s performance to the performance of similar companies and the appropriate benchmark.
Proxy Verb Synonyms: substitute, agent, delegate, surrogate, representative, factor
Statement Adjective Synonyms: assertion, allegation, declaration, expression, report, account, affirmation, asseveration, averral, announcement, annunciation, proclamation, utterance, communication, disclosure
Business / Finance / Registration Statement: A legal document filed with the SEC to register securities for public offering that details the purpose of the proposed public offering. The statement outlines financial details, a history of the comp MORE
Business / Real Estate / Reduction Certificate (Payoff Statement): The document signed by a lender indicating the amount required to pay a loan balance in full and satisfy the debt, used in the settlement process to protect both the sellers and the buyers interests. MORE
Business / Real Estate / Real Estate Transfer Disclosure Statement: As required by California Civil Code Sections 1102-1102.14, a transferee (buyer) of residential real property is entitled to a statement from the transferor (seller) which provides information regardi MORE