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DVN » Topics » Can brokers who hold shares in street name vote those shares with respect to the election of Directors if they have received no instructions?

This excerpt taken from the DVN DEF 14A filed Apr 24, 2009.
Can brokers who hold shares in street name vote those shares with respect to the election of Directors if they have received no instructions?
 
We believe that brokers who are members of the New York Stock Exchange (the NYSE) and hold common stock in street name for customers, but have not received instructions from a beneficial owner, have the authority under the rules of the NYSE to vote those shares with respect to the election of Directors.
 
This excerpt taken from the DVN DEF 14A filed Apr 28, 2008.
Can brokers who hold shares in street name vote those shares with respect to the election of Directors if they have received no instructions?
 
We believe that brokers that are members of the New York Stock Exchange, the NYSE, and who hold common stock in street name for customers, but have not received instructions from a beneficial owner, have the authority under the rules of the NYSE to vote those shares with respect to the election of Directors.
 
This excerpt taken from the DVN DEF 14A filed Apr 27, 2007.
Can brokers who hold shares in street name vote those shares with respect to the election of Directors if they have received no instructions?
 
We believe that brokers that are members of the New York Stock Exchange (the “NYSE”), and who hold common stock in street name for customers, but have not received instructions from a beneficial owner, have the authority under the rules of the NYSE to vote those shares with respect to the election of Directors.
 

EXCERPTS ON THIS PAGE:

DEF 14A
Apr 24, 2009
DEF 14A
Apr 28, 2008
DEF 14A
Apr 27, 2007

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