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Chapter 21: Proxy Statements Guide Quiz
Test your knowledge of the proxy statements chapter material!
1 / 10
Where can proxy statements be found?
Answer can be found on page 231.
Correct! Proxy statements can always be found on the SEC’s EDGAR database, and you may also be able to find them on corporate websites or investor-relations pages too.
2 / 10
What is not included in the Bonus column of the Summary Compensation Table of a proxy statement?
Answer can be found on page 232.
Correct! Incentive bonuses appear three columns later.
3 / 10
Any perk or benefit provided to executives that is worth over ______ must be itemized on the proxy statement.
Answer can be found on page 233.
Correct!
4 / 10
True or false: Companies are supposed to explain why executives got paid what they did in proxy statements.
Read more on page 234.
Correct! You’ll find this explanation in the Compensation Discussion and Analysis section, though it can be difficult to decipher.
5 / 10
Which organization is a good resource if you want an investor’s perspective on pay practices?
Answer can be found on page 237.
6 / 10
If information is missing from the proxy statement, where should you look?
Answer can be found on page 238.
Correct! Technically, most of the information commonly found in the proxy can appear in Section III of the 10-K.
7 / 10
Which of the following is a proxy advisory firm?
Answer can be found on page 234.
8 / 10
What is a company’s final proxy statement filed as in EDGAR?
Correct! This is also referred to as a “definitive” proxy.
9 / 10
Who generally files a company’s proxy statement?
10 / 10
True or false: Every company files their proxy statements at the end of the year.
Different companies end their fiscal year at different times, so this varies. Read more on page 231.
Correct! Different companies end their fiscal year at different times, so one company may file their proxy statement in January while another has their proxy statement come out in April.
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The average score is 85%
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