Proxy Contest: A battle for the control of a firm in which a dissident group seeks, from the firm's other shareholders, the right to vote those shareholders' shares in favor of the dissident group's slate of directors. Also called proxy fights.

 

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Proxy Contest: A battle for the control of a firm in which a dissident group seeks, from the firm's other shareholders, the right to vote those shareholders' shares in favor of the dissident group's slate . . . View Full Definition

Proxy Statement: The Securities and Exchange Commission (SEC) requires that all publicly traded companies provide a proxy statement to its shareholders prior to the annual meeting. The proxy statement presen . . . View Full Definition

Proxy Vote: Vote cast by one person or entity on behalf of another.

Proxy Server: A server that acts as an intermediary between a workstation user and the internet so that the enterprise can ensure security, administrative control, and caching service. A proxy server is a . . . View Full Definition

Proxy Fight: Often used in risk arbitrage. Technique used by an acquiring company to attempt to gain control of a takeover target. The acquirer tries to persuade the shareholders of the target company th . . . View Full Definition

Proxy: If you own common stock in a US corporation, you have the right to vote on certain company policies and elect the board of directors by casting a proxy, or vote. You may vote in person at th . . . View Full Definition

Incontestability Clause: Levies on the income of a business imposed by federal and state governments. This expense appears on the income statement simply as Taxes.

Open Proxy: Software that exists on a server that allows the third-party relay of e-mail messages through ports other than port 25.