Answer (C) is correct. A proxy fight is an attempt by dissident shareholders to gain control of the corporation, or at least gain influence, by electing directors. A proxy is a power of attorney given by a shareholder that authorizes the holder to exercise the voting rights of the shareholder. The proxy is limited in its duration, usually for a specific occasion like the annual shareholders’ meeting. The issuer of a proxy statement must file a copy with the SEC 10 days prior to mailing it to shareholders. SEC rules require the solicitor of proxies to give shareholders all material information concerning the issues. A form that indicates the shareholder’s agreement or disagreement must be provided. Also, if the purpose is for voting for directors, proxies must be accompanied by an annual report.