What Is Schedule 14C?

Schedule 14C is an information statement that is required by Section 14(c) of the Securities Exchange Act of 1934. It lays out certain disclosure criteria for companies with securities registered with the Securities and Exchange Commission (SEC) before the company ho𓂃lds its 🍸annual stockholders' meeting.

Schedule 14C, which is a 澳洲幸运5官方开奖结果体彩网:proxy statement prepared by an attorney, is required when the issuer holds special meetings to vote on corporate actions such as name changes and mergers. It must be completed for SEC-reporting compᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚanies whose shareholders approve an action by written consent.

Understanding Schedule 14C

Companies with SEC-registered securities are required to comply with Section 14 of the 澳洲幸运5官方开奖结果体彩网:Securities Exchange Act of 1934. Section 14 describes proxy rules concerning 澳洲幸运5官方开奖结果体彩网:disclosures required in any materials that solicit shareholder votes at annual meetings. Schedule 14C ensures that the stockholders executing the written consent have sufficient votes to control the outcome of the matter voted upon. Shareholder voting takes place either in person or by proxy.

Proxy rules are enforced by the following:

1. State corporate law
2. Stock exchange listing requirements
3. SEC proxy rules
4. The issuers’ articles and bylaws

Issuers who have a class registered under the Securities Exchange Act of 1934 are subject to the proxy rules. The disclosures on the proxy rules contain the information necessary for shareholders to vote in an informed manner. Voting occurs at either the traditional annual shareholders' meeting or a special shareholders' meeting. This is intended to ensure that shareholders are able to impact the outcome of t𓂃he vote.

Usually, a Schedule 14C disclosure document is prepared by an attorney who specializes in SEC disclosures. In some cases, shareholder approval is obtained in writing and is not required at a meeting.ꦅ Then, a company satisfies the disclosure requirements of Section 14 by disclosing the information described in Schedule 14C before 𓂃shareholders give their written approval.

How to File a Schedule 14C

The SEC’s proxy rules are found in Section 14 of the Securities Exchange Act. A proxy statement on Schedule 14A or an informaꦅtion statement on Schedule 14C gives shareholders information on corporate changes, actions, and shareholder meetings.

Actions that require Schedule 14A or 14C filings include name changes, reverse mergers, stock splits, domicile changes, corporate reorganizations, and other events that require a vote by the issuer’s shareholders.

Schedule 14C also provides investors with information on actions that have been approved by the issuer’s majority shareholders. Ten days after filing a preliminary information statement on Schedule 14C, if no SEC comments are received, the issuer may file a definitive information statement.

In summary, the issuer of the schedule is requesting that a shareholder consent to an action. The schedule asks for the shareholders' approval, and the issuer must comply with Schedule 14A’s proxy solicitation requirements.

The Bottom Line

Schedule 14C is an informational statement that is required by Se🐬ction 14(c) of th🔯e Securities Exchange Act of 1934. It sets out disclosure requirements for SEC-reporting companies that must be shared with stockholders before they approve an action by written consent.

Schedule 14C is intended to ensure that༺ shareholders have enough votes to control the outcome of the matter they are voting on, such as a name change, corporate reorganization, or stock split. It is𝓀 usually paired with Schedule 14A, which ensures that stockholders have the necessary information to understand the matter they are voting on.