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'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.
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
Source: Broadridge Financial Solutions, Inc.