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2010 Annual Report | 2011 Proxy StatementCompany Profile A company can be described in a variety of ways including the industry it serves, its product, service, or even size. However, at its core,
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An annual report is a comprehensive report detailing a company's activities and financial performance over the past year. A proxy is a legal document that allows a shareholder to authorize someone else to attend a shareholders' meeting and vote on their behalf.
Publicly traded companies are required to file an annual report and proxy statement with the Securities and Exchange Commission (SEC), as well as with relevant state regulatory agencies. Private companies may also be required to file annual reports depending on state laws.
To fill out an annual report, companies typically gather financial statements, management discussion & analysis, and other necessary disclosures. For the proxy, companies provide information about matters to be voted on at the annual meeting and include a proxy card allowing shareholders to vote by mail or online.
The purpose of an annual report is to inform stakeholders of the company's performance, including financial results and strategic direction. The proxy provides shareholders with information on voting matters and allows them to participate in corporate governance without attending the meeting in person.
An annual report must include financial statements, notes to the financials, management discussion, and disclosures on company performance. The proxy statement must detail agenda items for voting, board of director nominations, and executive compensation information.
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