Ten-Day Rule

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Ten-Day Rule

The New York Stock Exchange rule permitting member firms (brokers) to vote in favor of management ten days or less before the meeting, provided that the member firm mailed proxy material to beneficial owners at least 15 business days before the meeting. The rule allows many shares to be voted, which would otherwise not be, to reach a quorum, approve the choice of directors and auditors and handle other routine matters. This rule does not apply to banks, their nominees or their depository positions, nor to non-routine proposals such as approval for the corporation to issue more shares.

Ten-Day Rule

In shareholder meetings, a rule on the New York Stock Exchange allowing member firms to vote with the management of a company that trades on the NYSE if there are 10 or fewer days until a meeting. The 10-day rule only applies if the member firm has attempted to contact the beneficial owners of shares in a timely manner, have received no response, and the meeting would otherwise not be able to make a quorum unless the member firm votes.
References in periodicals archive ?
If technologists are unsure of pregnancy, they should use the 10-day rule.
His 10-day rule prevented any mention of all meteorological conditions or happenings - except curiously in the Straits of Dover - for that length of time, lest it helped the enemy to forecast the weather!
In particular, the regulations do not provide illustrative examples specifying whether the days of in-school suspension should be counted as days of removal under the 10-day rule. In addition, Education's IDEA oversight system may not detect possible noncompliance because it relies on state monitoring efforts, including state self-assessments and discipline data that have been shown to contain some inaccuracies.
"We are asking RWC to extend the 10-day rule and we know a number of other countries are in this with us.
The proof of the 10-day rule will come when scrutiny committees, having considered objections from officers, feel obliged to issue critical reports anyway.
The GAO also has frequently applied the parallel 10-day rule for other procurement protests (4 C.F.R.
The 10-day rule for SBT does not apply for sales and use tax nexus purposes.
The regulations released this past March clarify this "10-day rule." It's now clear that a disruptive special needs student can be removed from a classroom for more than 10 school days.
Because it did not meet the 10-day rule, the city of Copperas Cove was told it must release a requested document written by the city manager.
One company, for example, uses the so-called 10-day rule of the New York Stock Exchange.
Joe Pojman, founder and executive director of Texas Alliance for Life, said his organization believes Texas' end-of-life laws need reforming, including, as a starting point, extending the 10-day rule to something closer to 21 days.
It briefly discusses several common rules associated with radiography, including the 10-day rule for women of childbearing age and technical factors that influence density and contrast.