Shareholder Votes

[scfr]

When you receive notice of Shareholder Meetings, do you read the proxy materials and vote? Do you find that the proxy materials provide sufficient information to make your decision? How much energy are you willing to commit to the voting process?

I received notice yesterday about a Special Meeting for an ETF that I own shares of and today I reviewed the Proxy Materials but it didn't contain all of the information that I think I need to make an informed vote. I sent a quick Email seeking more information, but am curious if others suspect that information in proxy materials be left a bit vague in the hopes that shareholders will just follow the Board's recommendation or abstain from voting.

[disneysteve]

I generally ignore them. Occasionally, I will vote our Disney shares when there's an issue on the table that I feel sufficiently informed about.

[bjl584]

I usually ignore them. I did vote on an issue years ago, and I went against the board's recommendation. My vote didn't carry enough weight to move the needle however.

[Drake3287]

I had to laugh at this topic, I always wondered the same thing when getting those voting letters, even those heavy and expensive to send year end report booklets that most companies send out. I've never bothered voting for anyone simply because I think 99.9% of them are already a shoe in anyway. I have always wondered if actually attending one of those investor meeting qualified as a tax write off. Especially the DIS meetings in Orlando.

[Fishindude77]

We only own one stock where we get the meeting notifications and voting rights. It's a company I'm quite familiar with and still a little involved in, so I always vote and attend the annual meeting.