When is preliminary proxy required

Answer: Yes. Accordingly, financial and other information would be required in the proxy statement to the extent required by Item 13 of Schedule 14A. James M. Kilpatrick Stephen Older.

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No thank you. This exclusion from filing preliminary proxy material does not apply if the registrant comments upon or refers to a solicitation in opposition in connection with the meeting in its proxy material. Five copies of an amendment to such statement shall be furnished or mailed to the Commission, in connection with dissemination of any additional communications, not later than three days after the date the additional material is first sent or given to any security holder.

Three copies of the Notice of Exempt Solicitation and amendments thereto shall, at the same time the materials are furnished or mailed to the Commission, be furnished or mailed to each national securities exchange upon which any class of securities of the registrant is listed and registered. The following state regulations pages link to this page. This means that the Staff will need to make a decision by the end of the following Friday.

What is the timing of a review? In general, if the preliminary proxy statement is screened for a review, the timing for receiving comments from the Staff is roughly days from the date of filing similar to registration statements , although depending on the issues and type of meeting involved annual meeting versus special meeting the Staff may be quicker to issue a letter. Also, note that not all comments are issued in letter form—sometimes if the issue was straightforward, it is not uncommon for the Staff to issue an oral comment and tell the company to include the disclosure in the definitive proxy statement when filed.

Are there exceptions to the usual screening procedures? Also known as a preliminary proxy statement, it discloses all relevant details related to the issues being put forward for a shareholder vote. Announcement of annual meetings, election of directors, issuance of stock, changes to a company's articles of incorporation, shareholder proposals, and board compensation are all matters that would necessitate the filing of Form PRE 14A. Article Sources. Investopedia requires writers to use primary sources to support their work.

These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.

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This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. Proxy Statement Definition A proxy statement is a document the SEC requires companies to provide shareholders that includes information needed to make decisions at shareholder meetings.