What is ADPs role in the voting process?
Brokers are obligated to pass annual materials, including a proxy, to all of their clients holding stock in your company. To accomplish this, most hire ADP. ADP will obtain the appropriate number of sets of materials and forward them to the street-name holders. Voted proxies are returned to ADP which tabulates the vote and forwards this to the transfer agent for inclusion with the other votes being gathered for the Meeting. ADP will present the company with a separate bill for its forwarding services.
