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CCO » Topics » Q: If my shares are held in street name by my broker, will my broker vote my shares for me?

This excerpt taken from the CCO DEF 14A filed Apr 7, 2008.

Q: If my shares are held in “street name” by my broker, will my broker vote my shares for me?

 

A: Under New York Stock Exchange (“NYSE”) rules, brokers will have discretion to vote the shares of customers who fail to provide voting instructions on “routine matters,” but brokers may not vote such shares on “non-routine matters” without voting instructions. The election of directors is a routine matter. Your broker will send you directions on how you can instruct your broker to vote.

If you do not provide instructions to your broker on how to vote your shares on routine matters, they may either vote your shares on these matters in their discretion or leave your shares unvoted.

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