Proxy fight

A proxy fight occurs when shareholders of a company disagree about who should control the company’s leadership. Instead of fighting physically, the opposing parties try to persuade other shareholders to cast their votes in favor of their preferred candidates or plans by sending proxy materials—documents that allow shareholders to delegate their voting rights. It’s a way for dissenting groups to attempt to gain influence or change management without holding an actual shareholder meeting. Essentially, a proxy fight is a contest to sway enough votes to control the company’s decision-making body.