Annual Meeting
A stockholder meeting that is held yearly. Functions of an annual meeting are for corporate executives to report on the year’s results, to elect the board of directors, and to transact other business. The chief executive officer customarily makes a statement on the outlook for the next year and conducts a question and answer period. If a shareholder is unable to attend the annual meeting, the owner may vote for directors and pass on resolutions through the use of a proxy. Proxy materials are mailed to all shareholders of record.
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