Editing Openai/69435bf2-22f4-8002-922c-db7b65a3e9ed (section)

=== Assistant: Most publicly traded companies schedule shareholder annual or special meetings after market close for a few practical, … ===
Most publicly traded companies schedule shareholder (annual or special) meetings after market close for a few practical, legal, and investor-relations reasons:

===== 1. Avoids market disruption =====

Holding the meeting after trading hours prevents:
* Sudden volatility during the session
* Mid-day price swings driven by live headlines, votes, or Q&A comments Markets can digest the information calmly and reflect it in the next trading session instead.

===== 2. Fair disclosure (Reg FD) compliance =====

If material information comes up during:
* Executive remarks
* Shareholder Q&A
* Vote results After-hours timing allows companies to:
* Issue a press release
* File an 8-K
* Post materials publicly …before the market opens, reducing the risk that some investors get information earlier than others.

===== 3. Operational convenience =====
* Board members, executives, and legal counsel can attend without disrupting normal business hours
* Proxy solicitors, inspectors of election, and outside advisors are more available
* Easier coordination across time zones, especially for national or global shareholder bases

===== 4. Clear vote tabulation and disclosure =====

Votes on:
* Directors
* Say-on-pay
* Mergers
* Equity plans are often finalized during or immediately after the meeting. After-hours scheduling gives time to:
* Certify results
* Prepare disclosures
* Avoid releasing partial or unverified information mid-session

===== 5. Investor access =====

Retail investors are more likely to:
* Attend virtually
* Watch webcasts
* Review materials after normal work hours, which improves participation and optics.

===== 6. Legal and precedent norms =====
* Most proxy advisors (ISS, Glass Lewis)
* Corporate governance best practices
* Stock exchange norms implicitly assume non-trading hours for events that could affect valuation.

===== In short =====

After-market shareholder meetings reduce volatility, improve fairness, simplify compliance, and give companies time to properly disclose outcomes before the next trading day.

If you want, I can also explain:
* Why earnings calls follow the same pattern
* When companies don’t wait until after hours
* How vote outcomes typically affect stock price the next day