Annual meeting notifications

Not really a tax question but I'll bet you know the answer.

For years the stock broker relayed a message by email about the annual meeting for each stock I own.

They were all purely informative, bare bones. This year, most are like the first one below. Others are different but all of them are urging me to vote. Vote Now!.... Last chance to vote!.... Time sensitive. VOTE NOW!... Your Nnnnn shares are still unvoted. Your vote matters! Act today regarding Nnnnn

Has something happened, some rule or law changed, to prompt them to do this? The broker is Morgan Stanley, fwiw.

The last two message above are both and only for Nnnnn, Nextera Energy, in addition to the first message. 3 altogether. Are brokers being paid to encourage stockholders to vote?

2) Any chance they will bring back in person meetings? I've only been to two and a half, but they were fun and I could pretend I was a fatcat.

(The first was great, a big buffet in the lobby but I arrived just in time, went in to the meeting, and when I sneaked out 10 minutes later all the food was gone. Then they had a rebellious stockholder that they shut down. Is/was it common to serve food? Good food? The second, I arrived 60 minutes early to Philadelphia, went in, was told it hadn't started, got back 5 minutes late and they woudln't let me in. I had to really complain to get in and then it was really boring, not many there, no food, but I'm glad I went. For the third I checked the webpage in the morning and then drove to Wilmington only to see that the meeting was canceled even though nothing was on the webpage. (But I went sightseeing to the original Dupont factory/laboratory where he made gunpowder for the Civil War, and had a very good time.))

Reply to
micky
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I've seen them too and I think it's just a change at the company that does the proxy solicitations. There' a long standing problem that small shareholders do not vote, which makes it hard to get a quorum to approve simple changes like the increasing the number of shares the company can issue. So it's not surprising they're doing some cheap email marketing to get people to vote.

Depends on the company. My local bank is listed on the Amex and is having an in-person meeting next week. I figure I'll go, it's only

20 minutes away and I can complain that they bought back shares at 75 last year, now the price is 55, can you not do that again, please.
Reply to
John Levine

Thanks.

Decades ago, I had a friend about 29 whose husband had died at age 30. But he left her and their son with enough money including some stocks and when she would get proxies in the mail, she worked on them and agonized over them because she thought she was obliged to vote.

Someone finally explained it to her.

Good. Only 2 companies are in easy driving distance for me. The one with the good food normally met 100's of miles away.

Reply to
micky

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