proxy fight

American  

noun

1. a contest between factions of stockholders in a company, in which each group attempts to gain control by soliciting signed proxy statements for sufficient votes.

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Example Sentences

Activist investor Engine Capital, which owns more than 3% of UniFirst shares, recently waged a proxy fight at the company while pushing for a sale.

From The Wall Street Journal

The Journal previously reported that the company’s estranged founder, Chip Wilson, had privately been taking steps to run a proxy fight, frustrated with Lululemon “losing its cool,” among other things.

From The Wall Street Journal

His exit comes as Lululemon’s estranged founder, Chip Wilson, had privately been taking steps to run a proxy fight, frustrated with Lululemon’s marketing strategy, among other things, The Wall Street Journal reported.

From The Wall Street Journal

Mestrovic wouldn’t say whether he planned to launch a proxy fight to unseat directors.

From The Wall Street Journal

In February, Starboard launched a proxy fight, resulting in the appointment of the firm’s Chief Executive Officer Jeff Smith to Kenvue’s board.

From The Wall Street Journal