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Types of Shareholders Generally, common stockholders enjoy voting rights, but preferred stockholders do not. However, preferred stockholders have a priority claim to dividends. Furthermore, the dividends paid to preferred stockholders are fixed even if profits decline.
Refers to a meeting of shareholders outside the usual annual general meeting. In the context of corporate governance, some limitations either increase the level of shareholder support required to call a special meeting beyond that specified by state law or eliminate the ability to call one entirely.
A special meeting is any meeting other than a regular or emergency meeting. An emergency meeting is one called because of generally unexpected circumstances that require immediate consideration by the public body. G.S. 143-318.12(b)(3).
Special meetings of the shareholders may be called for any purpose or purposes, at any time, by the Chief Executive Officer; by the Chief Financial Officer; by the Board or any two or more members thereof; or by one or more shareholders holding not less than 10% of the voting power of all shares of the corporation
If the time and place of a directors meeting is fixed by the bylaws or the board of directors, the meeting is a regular meeting. All other meetings are special meetings.
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The term shareholder strictly refers to the owner of shares in the company, meaning equity stakes. The term stockholder refers to someone who owns stock in the company, which can sometimes get interpreted as inventory rather than equity. As a result, shareholder may represent the more technical term for this entity.
Here are a few valid reasons for calling a special meeting: An urgent matter needs to be dealt with before the next regular meeting. There is a proposal to amend bylaws. Adopting or amending special rules of order.
In general, companies require a letter or similar notification from investors having a sufficient number of shares, demanding a special meeting and stating the purpose for that meeting. The company can then set the date for the meeting, typically within a 30 to 90 day time period after receipt of the demand.

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