All of the Following Is True About Proxy Contests Except

question 58

Multiple Choice

All of the following is true about proxy contests except for

• A) Proxy materials must be filed with the SEC immediately following their distribution to investors
• B) The names and interests of all parties to the proxy contest must be disclosed in the proxy materials
• C) Proxy materials may be distributed by firms seeking to change the composition of a target firm's board of directors
• D) Proxy materials may be distributed by the target firm seeking to influence how their shareholders vote on a particular proposal
• E) Target firm proxy materials must be filed with the SEC.

---

Definitions:

Implied Authority

Power granted by custom or implied by the conduct of a role, allowing an agent to perform acts that are reasonably necessary to accomplish tasks.

Right of Reimbursement

The legal right to be repaid or compensated for expenses, losses, or liabilities incurred on behalf of another party or as a result of another's actions.

Preponderance of the Evidence

A standard of proof in civil cases, requiring that a party's evidence is more convincing than the opponent's evidence to win the case.

Advisory

Providing suggestions, recommendations, or guidance, often from a position of expertise.