Corporate action

Corporate actions are typically agreed upon by a company's board of directors and authorized by the shareholders.

Examples of corporate actions include stock splits, dividends, mergers and acquisitions, rights issues, and spin-offs.

For companies that trade in the over-the-counter (OTC) marketplace, U.S. federal securities regulators task Financial Industry Regulatory Authority (FINRA), a self-regulatory organization, with processing the corporate action announcement.

[2] The event information flow for public companies where shareholders or bondholders can vote usually involves numerous parties.

Financial data companies which provide economic and financial data to customers collect such information and disseminate it via their own services to banks, institutional investors, managed service providers, and other market participants.