Elite Pharmaceuticals Inc (ELTP)

[ARbigguy1]

Did brokers screw up and not send proxy or was it Broadridge Financial not handling it correctly?
From filing -
brokers holding shares in “street name” on behalf of beneficial owners did not have discretionary authority to vote those shares on the Original Amendment Proposal without direction from the beneficial owners. However, Broadridge Financial Solutions (“Broadridge”) later determined that the Original Amendment Proposal was a routine matter under NYSE rules. As such, the proxy cards prepared by Broadridge and sent to its brokers (who, in turn, sent the ballots to their clients) clearly indicated that the Original Amendment Proposal was routine.

Again, it looks like ELITE is doing the right thing and making sure that everything is correct to meet NYSE rules.

Again, how many OTC stocks work so hard to make sure they are in compliance with NYSE rules???