Veritas,Inc.is planning its annual shareholder meeting on June 15.The company

Question

Quizplus · Accepted Answer

According to the rules of the Securities and Exchange Commission (SEC), companies must send notices to shareholders who own stock on the "record date," which is typically set no more than 70 days before the annual meeting. Therefore, Veritas, Inc. must send notices to everyone who owns stock on the record date, which should be well before the June 15 annual meeting. Option A is incorrect because the fact that Veritas always holds its annual meeting on the third Thursday of June does not exempt it from sending notices to shareholders. Option B is incorrect because January 1 is not necessarily the record date for Veritas. Option D is incorrect because all listed companies are required to hold annual shareholder meetings, regardless of which stock exchange they are listed on.