Voting Your Proxy
Just as there are a variety of ways you can select to receive your proxy, you also have options when it comes to casting your vote. You can vote in person by attending the meeting, or you typically can vote via proxy by sending voting instructions to the company. You can do this online, by mail or by telephone.
Your Voting Options
You can vote “for,” “against” or “abstain” with respect to each of the proposals listed in the proxy materials.
You may notice slightly different wording for the election of directors. If your company uses a plurality standard, you will be given a choice to vote in favor of all directors or to “withhold” on all directors or a particular director. The plurality standard provides that a director nominee receive at least one share voted FOR in order to be elected.
Companies also have the option to choose a majority vote standard for their director elections. Under this scenario, a director would be elected only if he or she receives affirmative votes from a majority of either the votes cast at the meeting or the shares eligible to be voted at a meeting, depending on the company’s standard.
Since 2004, numerous companies have implemented majority voting for electing directors in various forms, generally as part of their corporate governance guidelines or other board policy.
Changing Your Vote
If you decide to change your vote on one or more proposals, you must reiterate all your voting choices for all proposals. Your previous votes will not stand if you make any changes to your vote. If you require another Proxy Card or Vote Instruction Form (VIF), contact your intermediary.