Annual General Meeting - AGM
No, this isn't a yearly get-together of high-ranking army guys, where they face off in very-well-strategized three-legged races. Rather, this is the yearly get-together of shareholders of a company. (The frequency of picnic games varies from company to company...)
Each year, companies are required to host an annual general meeting, giving shareholders a chance to hear from management. This gives owners (keep in mind that the shareholders are the owners of the company) an opportunity to get briefed on where business stands and to receive an update on the company's strategy going forward.
Usually, management and the board of directors will make a presentation detailing the company's annual report and take questions from shareholders. There might also be items for shareholders to vote on, such as membership on the board of directors or changes to company policy.
Related or Semi-related Video
Finance: What are a 10K and 10Q?57 Views
finance a la shmoop what are 10K and 10Q filings well as the pros say 10Q
very much yeah you know we had to go there sorry well they're just filings a [Girl filing her fingernails]
different kind of filings legal filings papers or data
well the 10K is the annual report and the 10Q is the quarterly report their
note the Q in there yeah very clever naming their people well we have no idea
why the K is there like shouldn't it have been a 10A fling equals annual
anyway the filings contain the key elements that report to shareholders the [Man giving presentation to shareholders]
progress or lack thereof that the company has made in the period it's
reporting and these apply to public companies people privates don't
necessarily file... well the K the Q have to contain an updated income statement [Income statement, balance sheet and cash flow statement appear]
balance sheet and cash flow statement along with tons of notes on whatever
business metrics the company regularly reports the number of people made sick
by the lemonade the number a coal miner Barbies sold the number of Disney cruise
passengers infected with Legionnaires disease and so on and if you're the CEO [Person puking off the edge of a cruise ship]
or CFO of the company and you don't get your filings in on time well you'll be
doing a different kind of filing so yeah 10K, 10Q they're really important
don't ignore them...
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