Avid Bioservices Inc (CDMO)

[Protector]

Broadridge is PPHM's transfert agent.

You may just have found the ANSWER to what is occupying my mind on proposal #3. They SECURED the vote (see red text below) hence now it makes sense they do NOT expect many non-broker votes.

Transfer Agent

Broadridge Corporate
Issuer Solutions, Inc.
P.O. Box 1342
Brentwood, NY 11717
Toll-Free: 866-232-0395
International: 720-358-3630
E-mail: [e-mail]

source

Some institutional shareholders have raised alarms about ways in which Broadridge’s proxyvote.com and its investor mailbox voting platforms are stacked in favor of management. As a result, the SEC recently disallowed a “vote all items with management” button. But the Council of Institutional Investors (CII) remains concerned that if an investor using these systems omits a vote on an item, the electronic platforms automatically cast that non-vote as a vote for management.

CII wrote to the SEC that Broadridge’s practices may violate current broker voting rules. Callan says if the SEC requires a change through rule making, they’ll change their practices.

Last proxy season, Broadridge angered shareholders when it acquiesced to a request by SIFMA and refused to disclose interim vote counts to shareholders who introduced a proxy proposal requesting JPMorgan Chase JPM split the CEO and chairman roles. ...

source Fortune