What is Broadridge?
Broadridge is a firm that many of the brokerages have contracted with to perform annual meeting mailings and proxy tabulations. Individual brokerage houses have out-sourced annual meeting processing to Broadridge. When a broker search is performed, the results often indicate that a large percentage of the proxy material is going to be delivered to Broadridge for further distribution to the beneficial holders of the various brokerages. Broadridge will mail the proxy material to beneficial shareholders and tabulate the proxy results. There exists a small percentage of brokerages that have not enlisted Broadridge to perform annual meeting processing.
