Avid Bioservices Inc (CDMO)

[4OurRetirement]

Brokers Don't Vote "Non-Routine" items which would mean

A broker non-vote equals a no vote. But, brokers typically vote yes for all "routine" items on a proxy. Number 3was modified to be a routine item. Most brokers will probably vote yes for this non-routine item unless the real owners cast a real vite for no and are willing to disclosetheir identity... of100million shares owned!

Here's exwannabe's post:

************************
Posted by: exwannabe
In reply to: realist1 who wrote msg# 231574 Date:8/23/2015 7:11:34 PM
Post #231580 of 231612

RE " brokers don't waste their time looking though their clients files to find "routine" proposals they can vote on. "

Not that it really matters, but I would be fairly certain that the US brokers just follow NYSE rules on this (even for NASDAQ stocks, NYSE rule 452 is between the exchange and the members and applies to all proxy votes regardless of exchange).

The NYSE will list what are routine and non-routine votes. Routine votes are always company sponsored votes where the company is asking for the YES vote. If the broker does not receive the proxy back from the client, they will vote with the company on all issues designated routine by the NYSE. On issues deemed non-routine by the NYSE they will broker no-vote.

They put no thought at all into this.

I seriously doubt E-Trade gives a sh** about how they vote the 10M shares or so that they do not get proxies back on. They just follow regs.