What are the ‘proxy statements’ I get from companies?
Most publicly held companies must comply with the SEC's proxy rules whenever they seek a shareholder vote on corporate matters. These rules require the company to provide a proxy statement to its shareholders, together with a proxy card when soliciting proxies. Proxy statements discuss management and executive compensation, along with descriptions of the matters up for a vote.
The proxy rules also require your company to send an annual report to shareholders if there will be an election of directors. These reports contain much of the same information that a company must file with the SEC, including audited financial statements. The proxy rules also govern when your company must provide shareholder lists to investors and when it must include a shareholder proposal in the proxy statement.
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