Examples of proxy in a Sentence
Since I wouldn't be available to vote, I nominated him to act as my proxy.
sent a proxy to the meeting to cast his vote for him
Recent Examples of proxy from the Web
Pads ownership and its proxies never promised playoff victories and return trips to the World Series, yet did imply that a new ballpark would better the odds on the field.
At length, after being pitched on it by an acolyte (who becomes his proxy in managing the conspiracy day-to-day), Thiel resolves on action.
In its proxy, JPMorgan called its approach to compensation disciplined and said the company’s board considered several years of strong results in setting Mr. Dimon’s pay.
The proxy will drop any deleterious requests, making the setup especially useful for defending against DDoS attacks.
The data is pulled from corporate proxy statements, which have to disclose the names and pay of the CEO, chief financial officer, and next three highest paid executives.
CNBC Facebook Pay The median pay package at Facebook was more than $240,000 last year, with CEO Mark Zuckerberg getting more than $8.8 million, the company revealed in its annual proxy.
And since then, many women have served as peacemakers in resolving political disputes as the country slowly descended into war, a war driven in part by a proxy fight for influence between Saudi Arabia and Iran.
Its $130bn offer for Qualcomm was rebuffed last year; a heated proxy fight at Qualcomm’s annual investor meeting in March seems likely.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'proxy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Proxies and Proxy Servers
Proxy comes from a contracted form of the Middle English word procuracie (meaning “procuration”). A proxy may refer to a person who is authorized to act for another or it may designate the function or authority of serving in another’s stead. In the latter sense, it generally is preceded by the word by (“vote by proxy”).
Proxy has recently taken on meanings in computing, where it is found in such phrases as proxy server, a computer system that facilitates the exchange of data between users on a network.
Financial Definition of PROXY
What It Is
A proxy is the common name for the Securities and Exchange Commission (SEC) Form 14-A (the "proxy statement"), which is the document containing the voting ballot and material information related to the propositions to be determined.
How It Works
Shareholders in corporations have the right to vote on matters such as electing directors, selecting an auditor, approving a merger, or selling the company. The SEC requires public companies to file proxy statements prior to the companies' annual shareholder meetings; the objective is to inform shareholders of the meeting, what matters are up for a vote, and instructions for voting. The proxy statement contains background information so that shareholders can make informed voting decisions. Proxy statements often reveal the relationships between board members and management (i.e., family ties, prior professional relationships, etc.)
Shareholders can vote by mailing their ballots; they don't have to attend the company's annual meeting or vote in person. In many cases, shareholders don't actually receive a proxy statement in the mail if they own shares indirectly, as is the case with mutual funds (in that situation, shareholders own shares of the mutual fund rather than shares of the underlying assets).
Investors who hold shares in street name (that is, the shares are registered to the investor's brokerage firm rather than in his or her own name) might also not receive proxies. In these cases, the fund manager or brokerage firm is the actual shareholder in the eyes of the company, and they receive the proxy statement and can vote the shares. These representatives are responsible for voting the shares in the best interest of their investors, and in many cases, a mutual fund is a sizeable shareholder--its vote may have a significant impact on the company.
Why It Matters
One of the most basic rights of shareholders is the right to vote. The proxy and the voting process it is associated with are manifestations of this most fundamental right. Shareholders are the owners of a company, and they can use their votes to influence a company, sometimes against management's wishes. These are called callable preferred stock fights.
One type of information that is often of particular interest is management compensation data. Companies must disclose how much particular executives are making and how those executives are compensated. For example, a proxy may disclose that a CEO is bonused a certain amount when the company achieves a certain percentage of customer growth; this is helpful to shareholders because it might explain why the CEO is focused on advertising campaigns rather than infrastructure or product development.
PROXY Defined for English Language Learners
Definition of proxy for English Language Learners
: a person who is given the power or authority to do something (such as to vote) for someone else
: power or authority that is given to allow a person to act for someone else
PROXY Defined for Kids
legal Definition of proxy
- appointed a health-care proxy
Origin and Etymology of proxy
Seen and Heard
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