Schedule 14C

DEFINITION of 'Schedule 14C'

This schedule sets forth the disclosure requirements for information statements. Generally, a company with securities registered under Section 12 of the 1934 Act must send an information statement to every holder of the registered security who is entitled to vote on any matter for which the company is not soliciting proxies. If the company does solicit proxies, Schedule 14A may be required.

BREAKING DOWN 'Schedule 14C'

A proxy statement is intended to provide security holders with the information necessary to enable them to vote in an informed manner on matters pertaining to the company in question. These votes occur at either the traditional annual shareholders meeting or at a specially-called shareholders meeting.

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