NEW YORK, NY -- (MARKETWIRE) -- 07/10/07 --
Broadridge Financial Solutions, Inc. (NYSE: BR), a leading global provider of technology-based outsourcing solutions to
financial services firms and public companies, announced that its Investor
Communication Solutions business distributed nearly 1 million Material
Availability Notices to shareholders during the first week that the U.S.
Securities and Exchange Commission's amendments to the proxy rules were in
effect (the "Notice and Access Rule").
The Notice and Access Rule removes the requirement for public companies to
automatically send shareholders a full, hard-copy set of annual meeting and
proxy materials by allowing them instead to deliver to their shareholders a
Notice of Internet Availability of Proxy Materials, and to provide online
access to the documents. Companies choosing the option to use this new
notice and access delivery model must give shareholders an ability to
request a paper copy of the posted materials.
Broadridge has held a series of meetings and online seminars for publicly
held corporations, banks, brokers and the mutual fund community to help
them plan and execute an implementation strategy that complies with the
Notice and Access Rule and helps them take advantage of print and postage
savings. "Our collaborative approach has resulted in the development of a
financial modeling tool that allows corporate issuers and mutual funds to
make informed decisions about whether to fully adopt the notice and access
delivery model, use a traditional distribution model, or even a combined
approach that blends Material Availability Notice mailings with complete
hard-copy packages," said Bob Schifellite, President of the Investor
Communication Solutions business of Broadridge.
Converting documents to HTML format, document web hosting, e-delivery,
warehousing, fulfillment, mail, voting and tabulation, and delivery
preference management services are all part of Broadridge's integrated set
of investor communication solutions. Broadridge's deep expertise and its
ability to provide a consultative approach for clients in instances such as
the implementation of the Notice and Access Rule is a unique value that has
helped define Broadridge's leadership position in the investor
communications industry. "We're well positioned to support public
companies, funds, and bank and brokerage firms with our innovative product
offerings. Our unique business model helps clients navigate the changing
regulatory landscape and advancements in technology so they can focus more
on their core business," said Mr. Schifellite.
About Broadridge
Broadridge Financial Solutions, Inc., formerly ADP Brokerage Services
Group, with nearly $2.0 billion in revenues and more than 40 years of
experience, is a leading global provider of technology-based outsourcing
solutions to the financial services industry. Our integrated systems and
services include investor communication, securities processing, and
clearing and outsourcing solutions. We offer advanced, integrated systems
and services that are dependable, scalable and cost-efficient. Our systems
help reduce the need for clients to make significant capital investments in
operations infrastructure, thereby allowing them to increase their focus on
core business activities. For more information about Broadridge, please
visit www.broadridge.com.
Contact:
Investor Relations:
Marvin Sims
Broadridge
(212) 981-1427
Email Contact
Media:
Tony DeMeo
Broadridge
(212) 918-6919
Email Contact