CIRO Proxy Statement & Annual Report 2

Question 1

Under SEC rules, what is the maximum number of days before the annual meeting that a proxy statement must be filed?

Accepted Answer

40 days

Answer

SEC Rule 14a-6 requires preliminary proxy statements to be filed at least 10 days before definitive filing, but the definitive proxy must be sent to shareholders at least 40 calendar days before the meeting.

Question 2

Which section of the proxy statement discloses the stock ownership of directors and officers holding more than 5% of the company's shares?

Accepted Answer

Security Ownership of Certain Beneficial Owners and Management

Answer

The 'Security Ownership of Certain Beneficial Owners and Management' table discloses beneficial ownership by directors, officers, and 5%+ shareholders.

Question 3

What does the term 'record date' mean in the context of a proxy statement?

Accepted Answer

The date used to determine which shareholders are eligible to vote

Answer

The record date is the cutoff date established by the board to determine which shareholders are entitled to receive notice of and vote at the meeting.

Question 4

Which form must companies file with the SEC to provide shareholders with an annual report on company performance?

Accepted Answer

Form 10-K

Answer

Form 10-K is the annual report filed with the SEC that provides a comprehensive overview of a company's financial performance.

Question 5

In a proxy statement, what is a 'say-on-pay' vote?

Accepted Answer

An advisory shareholder vote on executive compensation

Answer

Say-on-pay is a non-binding advisory vote under the Dodd-Frank Act that allows shareholders to express approval or disapproval of named executive officer compensation.

(CIRO) Certified Investor Relations Officer Practice Test

(CIRO) Certified Investor Relations Officer Practice Test

CIRO Proxy Statement & Annual Report 2