proxy fight

American

noun

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.

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Paramount threatened to run a proxy fight to secure seats on Warner’s board and filed a lawsuit seeking to force Warner to release more information about its deal with Netflix.

From The Wall Street Journal

Wilson launched a proxy fight in December, proposing three new candidates to add to the board while the company searches for a new chief executive.

From The Wall Street Journal

The firm didn’t explicitly say it plans to launch a proxy fight but leaves the door open to one.

From The Wall Street Journal

He was dragged into a bitter proxy fight with two billionaire investors, who challenged his strategy, succession plans and Disney’s 2019 purchase of much of Rupert Murdoch’s 21st Century Fox.

From Los Angeles Times

In December, he launched a proxy fight to replace several board members while the company looks for a new chief executive.

From The Wall Street Journal

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023