Proxy battles

A proxy battle occurs when shareholders or outside groups oppose the company's current management or board of directors. Instead of changing leadership directly, they try to persuade other shareholders to vote differently on key decisions, often by sending proxy materials or holding meetings. It’s like a corporate election where different parties try to influence who sits on the board. Proxy battles typically happen during disagreements over company direction, strategic plans, or management changes, and they involve intense campaigning for votes without direct control through physical takeover.