annual general meeting

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Annual General Meeting

The main meeting of the shareholders of a publicly-traded company that takes place each year. At the annual general meeting, the company may present its financial reports. Shareholders may ask questions of the board of directors and they may vote on matters pertaining to the company that only shareholders may decide. Publicly-traded companies are required to have an AGM and must inform shareholders of where and when it will occur in a timely manner. See also: Extraordinary General Meeting.

annual general meeting (AGM)

the yearly meeting of SHAREHOLDERS which JOINT-STOCK COMPANIES are required by law to convene, in order to allow shareholders to discuss their company's ANNUAL REPORT AND ACCOUNTS, elect directors and agree the DIVIDEND payouts suggested by directors. In practice, annual general meetings are usually poorly attended by shareholders and only rarely do directors fail to be re-elected on the strength of PROXY votes cast in favour of the directors.

Extraordinary or special general meetings may also be called by directors or shareholders to deal with major changes in, say, the firm's capital structure. See BOARD OF DIRECTORS.

annual general meeting (AGM)

the yearly meeting of SHAREHOLDERS that JOINT-STOCK COMPANIES are required by law to convene, in order to allow shareholders to discuss their company's ANNUAL REPORT AND ACCOUNTS, elect members of the BOARD OF DIRECTORS and agree the DIVIDEND payouts suggested by directors. In practice, annual general meetings are usually poorly attended by shareholders and only rarely do directors fail to be re-elected on the strength of PROXY votes cast in favour of the directors.

See CORPORATE GOVERNANCE.

References in periodicals archive ?
In addition, the company has said that its board of directors has set the corporation's annual stockholders meeting on May 9, 2018 for New Britain, Connecticut.
Salem Media Group Inc (Nasdaq:SALM) disclosed on Friday that its annual stockholders meeting will be held on 10 May 2017 at 09:30 Pacific Time.
Further, the company stated that it reached an agreement with this shareholder group consisting of Hale Partnership Fund LP and Talanta Fund LP (together with their affiliates, the Hale-Talanta Group), which collectively owns about 8.9% of the company's outstanding common stock and who had nominated two candidates for election to its board at the 2016 annual stockholders meeting.
M2 EQUITYBITES-November 30, 2015-Special Opportunities Fund establishes date of annual stockholders meeting
Also, the company's board set 18 May 2015 as the date for its 2015 Annual Stockholders Meeting to be held in Washington D.C, while 20 March 2015 is set as the record date for determining stockholders eligible to vote at the Annual Stockholders Meeting.
CommScope Holding Company Inc (Nasdaq:COMM), a provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks, announced on Friday that its stockholders have approved four proxy proposals at the company's annual stockholders meeting held in New York City held on 2 May 2014.
A transportation holding company, Kansas City Southern (KCS) (NYSE:KSU) said today that its annual stockholders meeting was held yesterday (1 May) in Kansas City, Missouri and that over 89% of its outstanding common and preferred stock represented in person or by proxy, voted.
M2 EQUITYBITES-April 14, 2014-Columbia Seligman Premium Technology Growth Fund provides results of its annual stockholders meeting
Additionally, the board established 25 April 2013 as the date for the company's 2013 annual stockholders meeting. The record date is 15 March 2013.

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