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Are NASDAQ-listed companies required to solicit proxies for shareholder meetings?

April 26, 2017companies meetings nasdaq-listed proxies shareholder solicit

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Are NASDAQ-listed companies required to solicit proxies for shareholder meetings?

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Yes. Under Listing Rule 5620(b), each company is required to solicit proxies and provide proxy statements for all shareholder meetings. It must also provide copies of its proxy solicitation to NASDAQ. If the company files its proxy statement via EDGAR, it has fulfilled its notification requirement with NASDAQ. However, under Rule 5615(a)(3) a foreign private issuer may follow its home country practice in lieu of this requirement. See Non-U.S. Companies FAQs.