BLAW 308 Lecture Notes - Lecture 21: Proxy Fight, Securities Exchange Act Of 1934, Scienter
Document Summary
Short swing profits- will be on the test. We don"t want insiders to buy and sell constantly, so you may not do it within any six month period, buy and sell stock of your company. Jan 1 buy 100 shares for , march 1 buy 100 shares at , may 1 sell 100 at. They"re gonna make you give up 15, for that 20 sell, and give up 20 for that july sell. They"re gonna try to make you give up as much as possible. Don"t like the director"s job, wants to elect your own, then they do proxy contest. Send out proxy materials and what"s in them is on 1934. Directors that we would like you to vote for, experience, attendance, committees. Shareholders can nominate people to the board. You dont have to put a resolution before the shareholders if it has been concerned in recent years.
