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A proxy statement is a legal document that a company must provide to its shareholders (investors who hold the company shares) to make further informed investment decisions.
The proxy will detail business plans or issues on which the board may vote. This information, while sometimes contained in the 10-K, is often much more concise and easy to read in the proxy statement.
Proxy Statement Details Description of the merger agreement. Background and reasons for the merger. The recommendation of the board of directors with respect to the merger. Fairness opinion of the financial advisor, which summarizes whether the price being paid or received in the merger is fair.
Proxy statements are documents that the Securities and Exchange Commission requires companies to give to shareholders so they can weigh in on important company issues. Proxy statements offer shareholders information about changes on the board and other important decisions the board needs to make.
Registration statements have two principal parts. In the prospectus, your company must clearly describe important information about its business operations, financial condition, results of operations, risk factors, and management.
Joint Proxy Statement/Prospectus means a proxy statement to be filed with the SEC for the purpose of obtaining the Company Stockholder Approval at the Company Stockholders' Meeting and the Parent Stockholder Approval at the Parent Stockholders' Meeting, as amended or supplemented from time to time.