What Is Record 14C?
Schedule 14C lays out certain disclosure requirements for companies with securities registered with the Securities and Exchange Commission (SEC). Register 14C is a proxy statement that an attorney prepares when a public company holds its stockholders’ meeting each year. It is made when the issuer holds special meetings to vote on corporate actions such as name changes and mergers.
Allot 14C must be completed for SEC reporting companies whose shareholders approve an action by written consent.
- Schedule 14C sets forth the provisions for SEC reporting companies whose shareholders approve an action by written consent.
- The form requires that the stockholders executing the decried consent have sufficient votes to control the outcome of the matter voted upon.
- Actions that require Assign 14A or 14C filings include name changes, stock splits, domicile changes, reverse mergers, corporate reorganizations, and other experiences that require a shareholder vote.
Understanding Schedule 14C
Companies with SEC-registered securities are required to comply with Segment 14 of the
Who Can File a Schedule 14C?
A Schedule 14C attorney typically prepares the proxy statement for the stockholders’ annual when franchises on corporate actions occur. Other times, public companies take action with the written consent of the issuer’s shareholders.
How to Row A Schedule 14C?
The SEC’s proxy rules are found in Section 14 of the Exchange Act. A proxy statement on Schedule 14A or an Information Statement on Outline 14C gives shareholders information on corporate changes, actions, and shareholder meetings.
Actions that require Schedule 14A or 14C filings embody name changes, reverse mergers, stock splits, domicile changes, corporate reorganizations, and other events that desire a vote by the issuer’s shareholders.
Schedule 14C also provides investors with information on actions that have been approved by the issuer’s lions share shareholders. Ten days after filing a Preliminary Information Statement on Schedule 14C, if no SEC comments are received, the issuer may file a Exhaustive Information Statement.
In summary, the issuer of the schedule is requesting that a shareholder consent to an action. the schedule asks for the shareholder’s affirm, and the issuer must comply with Schedule 14A’s proxy solicitation requirements.