Definition for: Proxy Statement
A "proxy statement" is a document prepared by a corporation for dissemination to its stockholders, which provides the stockholders with information necessary to vote in an informed manner on matters to be brought up at a stockholders' meeting. Proxy statements typically encompass matters such as voting for directors, approval of stock options plans, approval of mergers, and other important items to be brought for stockholder approval. The proxy statement is accompanied by a proxy form allowing the stockholder to vote without having to attend the meeting in person. For U.S. publicly held corporations, the SEC mandates certain disclosures in proxy statements.
