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The average Eastern Bank executive compensation is $233,005 a year. The median estimated compensation for executives at Eastern Bank including base salary and bonus is $238,713, or $114 per hour. At Eastern Bank, the most compensated executive makes $450,000, annually, and the lowest compensated makes $53,000.
A proxy statement is a document that public companies must provide their shareholders prior to a shareholder meeting. The Securities and Exchange Commission (SEC) requires companies to file their proxy statement in compliance with Schedule 14A. Companies file proxy statements on a Form DEF 14A.
Proxies allow users to use an account (it can be in cold storage or a hot wallet) less frequently but actively participate in the network with the weight of the s in that account. Proxies are allowed to perform a limited amount of actions related to specific substrate pallets on behalf of another account.
Proxies make payments simpler by doing away with the need to know beneficiary bank details ? all you need is their mobile number or email address. QR codes for paying businesses are another example of proxies - you don't need to know bank details, just scan the code and the payment will reach its destination.
Companies use mailed notices to direct shareholders to publicly accessible websites where they can find proxy statements. The SEC also makes proxy statements available through its EDGAR database. Most retail investors, however, learn about the availability of proxy statements through an email from their brokerage firm.
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.