This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Broadridge Reports Annual Proxy Season Statistics

LAKE SUCCESS, N.Y., July 11, 2012 /PRNewswire/ --  Broadridge Financial Solutions, Inc. (NYSE:BR), the nation's largest investor communications company, today reported its annual proxy season statistics and that technology contributed to record results in a number of areas.

(Logo: http://photos.prnewswire.com/prnh/20110920/MM71626LOGO )

Average quorum levels were high at 82.7% as shares voted with shareholders' instructions partially offset a decline in broker votes.  Over 95% of all of the shares voted through Broadridge were voted electronically through ProxyEdge®, ProxyVote®.com and automated voice response.

Continuing a trend, the 2012 proxy season set another record in communications efficiency -- over 60% of all required mailings were either delivered through one of the company's electronic platforms or consolidated, by specialized processing, into a single delivery or e-delivery for households and managed accounts.  

"A record 35.4 million voting forms were delivered electronically this season, a 13% increase over last season," stated Robert Schifellite, President, Investor Communications Solutions, Broadridge.  "Electronic delivery represents a growing percentage of 'preference' processing, and innovations in e-delivery continue to provide shareholders with additional choices and conveniences for participation.  Mobile voting, among other examples, grew to over 445,000 shareholders, a fourfold increase over last season," continued Mr. Schifellite.  "Moreover," he added, "the Investor Mailbox continues to drive voting and e-delivery.  And, our Advisor Mailbox solution was rolled out to over 3,000 financial advisors this season." 

The use of Broadridge's advanced technology resulted in estimated potential savings to corporate issuers overall of more than $522 million in comparison to the estimated costs of printing and mailing packages of proxy materials.  And for physical deliveries, the average time from material receipt to distribution was 2.22 days this season, a figure that is less than one-half the turnaround time required in applicable regulations.  Electronic deliveries are fulfilled on average within 24 hours.

The report also makes reference to a pilot of QR codes on mailed proxy statement Notices for 1.1 million shareholders and the availability of end-to-end vote confirmation to over 1.5 million shareholders.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,850.14 -78.06 -0.44%
S&P 500 2,086.20 -3.26 -0.16%
NASDAQ 4,930.7030 -8.6240 -0.17%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs