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Chapter 21: Proxy Statements Guide Quiz
Test your knowledge of the proxy statements chapter material!
1 / 10
If over 50% of the voting power of a company is held by an individual or group, that company is considered a __________.
Answer can be found on page 238.
Correct!
2 / 10
In which column of the Summary Compensation Table would you find discounted sports tickets reported?
Answer can be found on page 233.
3 / 10
What is a company’s final proxy statement filed as in EDGAR?
Answer can be found on page 231.
Correct! This is also referred to as a “definitive” proxy.
4 / 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.
5 / 10
True or false: All news organizations use the “total pay” as reported on the proxy statement in their reporting.
Some news organizations have their own formulas they use to calculate “total” pay. Read more on page 233.
Correct! Some news organizations have their own formulas they use to calculate “total” pay.
6 / 10
What story might you get from reading proxy statement documents?
Answer can be found on pages 236-237.
Correct! There are all sorts of things you can learn from reading proxy statements. Be sure to read the footnotes too!
7 / 10
The reported values of Stock-Based Compensation are:
Since the true value will fluctuate over time with a company’s stock price, these values are estimated. Read more on page 232.
Correct! Since the true value will fluctuate over time with a company’s stock price, these values are estimated.
8 / 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.
9 / 10
Who generally files a company’s proxy statement?
10 / 10
If information is missing from the proxy statement, where should you look?
Correct! Technically, most of the information commonly found in the proxy can appear in Section III of the 10-K.
Your score is
The average score is 85%
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