SEC Form PRER14A
Contents
Understanding SEC Form PRER14A: A Guide to Proxy Material Revisions
Unraveling the Intricacies of SEC Form PRER14A
What Is SEC Form PRER14A?
SEC Form PRER14A is a crucial filing required by the Securities and Exchange Commission (SEC) whenever preliminary proxy materials undergo revisions. These materials play a vital role in informing shareholders about corporate matters and facilitating informed voting decisions.
How the SEC Form PRER14A Works
Mandated under Section 14(a) of the Securities Exchange Act of 1934, Form PRER14A ensures transparency and shareholder protection. It furnishes essential details such as meeting logistics, proxy revocability, dissenters' rights, and financial disclosures, enabling shareholders to exercise their voting rights effectively.
Example of an SEC Form PRER14A
Illustratively, Yahoo! filed a PRER14A amendment in 2017 regarding its sale to Verizon Communications. The document outlined proposals for shareholder approval, including executive compensation and meeting adjournment procedures.