Proxy Solicited by Management for Stockholder's Approval of Merger or Consolidation is a situation where a proxy is requested by the management of a company to the shareholders of the company in order to gain approval to merge or consolidate with another company. This type of proxy is generally used when a company is attempting to acquire a larger company or when a company is looking to expand its operations into a new market. The proxy will usually include information about the proposed merger or consolidation, the terms of the transaction, and the potential risks and benefits associated with the proposed merger or consolidation. There are two main types of Proxy Solicited by Management for Stockholder's Approval of Merger or Consolidation: a written proxy and a verbal proxy. The written proxy is typically signed by the management of the company and includes a detailed description of the proposed merger or consolidation. The verbal proxy is usually a verbal agreement between the management of the company and the shareholders of the company in which the shareholders agree to the terms of the merger or consolidation.