Larry has owned $5,000 of stock in E-prise,Inc.for the past 18 months.Under SEC rules,Larry can require that one proposal be placed in the company's proxy statement to be voted on at the shareholder meeting.

Question

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According to SEC rules, a shareholder who has owned at least $2,000 in company stock for at least one year can submit a proposal to be included in the company's proxy statement and voted on at the shareholder meeting. Therefore, since Larry has owned $5,000 of stock in E-prise, Inc. for the past 18 months, he is eligible to require that one proposal be placed in the company's proxy statement.

Larry Has Owned $5,000 of Stock in E-Prise,Inc