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clawmann

03/09/12 2:37 AM

#365850 RE: Franconeli #365844

I am not Catz, but I thought that a phone vote had to be followed by a written ballot, especially if you opted in (granted releases) because the lawyers need that hard copy for the files. Everyone has taken a lesson from the foreclosure crisis when banks could not find the actual signed documents they needed to be able to foreclose.

Call your broker's corporate action/reorg department. It may not be too late. I am surprised you did not get e-mails or phone calls from them after you voted by telephone.
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WithCatz

03/09/12 4:11 AM

#365851 RE: Franconeli #365844

Franc -- most brokers required it in writing. A few, Etrade being the notable one, allowed it over the phone, but to be followed up in writing.

In theory, the broker is responsible for keeping the files for a period of time, if there were any challenges (or proof) needed to how a vote was done.

While your phone-vote was certainly "on a recorded line" -- you can see how hard it would be to review thousands of those if "someone" wanted proof of how thousands voted.

Paper/fax copies are easier for that purpose.

As Clawmann suggested, it's probably a question for you to your broker on the specifics of their requirements.

Either way, if your votes are recorded and shares locked, you should be ok.

...Catz