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For the report referenced in the press release below, see

 

Broadridge Financial Solutions, Inc. (as published by BusinessWire), August 4, 2011 press release

 

Business Wire

 

 

http://www.broadridge.com

 

 

Broadridge Saves Corporate Issuers More Than $508 Million This Proxy Season

LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--Broadridge Financial Solutions, Inc. (NYSE:BR), the nation’s largest investor communications company, estimates that it saved corporate issuers an unprecedented $508 million this proxy season, compared to $446 million during last year’s proxy season, through the use of its cutting-edge technologies. Broadridge achieved these estimated cost savings while processing 12 billion more shares than a year ago.

“Broadridge is assisting companies with addressing a troubling decline in retail voting, while also working to accelerate adoption of e-delivery by global shareholders.”
“Broadridge's technologies for electronic delivery and ProxyEdge®, our complete electronic proxy management system, together with its specialized processing for managed accounts, resulted in the elimination of more than 57% of physical proxy mailings. This led to substantial savings on printing and postage for corporate issuers,” stated Robert Schifellite, President, Investor Communication Solutions, Broadridge.

Electronic delivery surged this proxy season, with more than 31 million distributions going through the Internet, a 17% increase over last season. “We continue to drive increases in Internet participation through investments to help save companies and their shareholders significant sums on paper, printing and postage,” noted Mr. Schifellite. “Broadridge is assisting companies with addressing a troubling decline in retail voting, while also working to accelerate adoption of e-delivery by global shareholders.”

“The continued fascination with all things digital is evident this season as approximately 150,000 shareholders voted through their mobile devices after Broadridge’s introduction of Mobile ProxyVote®.com in March. Mobile ProxyVote allows shareholders to vote their shares on an array of market-leading mobile devices. An estimated 30% of those votes came from first-time voters. The growing adoption rate of Mobile ProxyVote reflects rapidly changing preferences to access and act on information on the go,” concluded Mr. Schifellite.

The proxy voting season runs from February 15, 2011 through May 1, 2011. For a full report of Broadridge’s proxy season stats please visit: http://www.broadridge.com/investor-communications/us/Proxy_Stats_2011.pdf.

About Broadridge

Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit www.broadridge.com.

Contacts

The Torrenzano Group
Edward Orgon, +1-212-681-1700
ed@torrenzano.com
or
Broadridge Financial Solutions, Inc.
Arlene Driscoll, +1-212-981-1347
Arlene.Driscoll@broadridge.com

 

 

 

 

This Forum program is open, free of charge, to anyone concerned with investor interests in the development of standards for conducting shareholder meetings with electronic participation. As stated in the posted Conditions of Participation, the Forum's purpose is to provide decision-makers with access to information and a free exchange of views on the issues presented in the program's Forum Summary. Each participant is expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants.  It is a Forum rule that participants will not be identified or quoted without their explicit permission.

The organization of this Forum program was encouraged by Walden Asset Management, and is proceeding with the invited leadership support of Broadridge Financial Solutions, Inc. and Intel Corporation to address issues relevant to broad public interests in marketplace practices, rather than investor decisions relating to only a single company. The Forum may therefore invite program support of several companies that can provide both expertise and examples of leadership relating to the issues being addressed.

Inquiries about this Forum program and requests to be included in its distribution list may be addressed to e-mtg@shareholderforum.com.

The information provided to Forum participants is intended for their private reference, and permission has not been granted for the republishing of any copyrighted material. The material presented on this web site is the responsibility of Gary Lutin, as chairman of the Shareholder Forum.

Shareholder Forum™ is a trademark owned by The Shareholder Forum, Inc., for the programs conducted since 1999 to support investor access to decision-making information. It should be noted that we have no responsibility for the services that Broadridge Financial Solutions, Inc., introduced for review in the Forum's 2010 "E-Meetings" program and has since been offering with the “Shareholder Forum” name, and we have asked Broadridge to use a different name that does not suggest our support or endorsement.