When a Party Wants to Make a Proxy Solicitation of Shareholders

question 103

Multiple Choice

When a party wants to make a proxy solicitation of shareholders in a publicly-held corporation,what must occur following the filing of the proxy materials with the Securities and Exchange Commission?

• A) Before sending out the proxy solicitation, that party must wait until receiving the appropriate Securities and Exchange Commission approval of the solicitation materials.
• B) The Securities and Exchange Commission will prepare a statement of its position on the matter connected with the proxy solicitation, and this must be sent out along with the proxy solicitation materials.
• C) The Securities and Exchange Commission will make the solicitation public, and allow a public comment period.
• D) A period of ten days must pass, during which time the Securities and Exchange Commission can notify the party soliciting proxies that additional disclosures are needed.
• E) After a period of ten days has passed, the party must seek permission from the Securities and Exchange Commission to send out the solicitation materials.

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