Annual General Meeting (AGM)
A mandatory yearly meeting where shareholders vote on board elections, executive pay, and company resolutions.
What is AGM?
An Annual General Meeting (AGM) is the mandatory yearly gathering of a public company's shareholders, typically held within a few months of the fiscal year-end. At the AGM, shareholders vote on key resolutions: electing or re-electing board directors, approving executive compensation, ratifying the external auditor, and considering shareholder-submitted proposals. The AGM also provides shareholders an opportunity to question management directly. The SEC requires all US publicly traded companies to hold an AGM and to distribute proxy materials — including the proxy statement and annual report — in advance of the meeting.
Example
Apple Inc. held its 2024 Annual General Meeting on February 28, 2024. Shareholders voted on eight director nominees, the advisory say-on-pay resolution, ratification of Ernst & Young as auditor, and several shareholder proposals covering issues including AI transparency and equal employment reporting.