Elmer
You are quite right, and assigning proxies is a normal course of annual meetings.
Subject to the regulations governing most annual meetings, you may re-assign your proxies, even if you have already signed a proxy form.
At the moment, Chad appears intent on going to the annual meeting and may be an appropriate nominee. Given that there may be as many as 1000 individual shareholders, the challenge may be to make the effort worthwhile.
I am not suggesting that the Company is suspect, or that there are any issues a nominee may take a different position on than the Company.
This approach is part of the options of any shareholder and is certainly a reasonable approach.
Someone would have to check, but if I recall, the proxies may be forwarded to the Company with your nominees name on them. They are recorded in the minute book and the voting "power" is acknowledged at the annual meeting. Obviously a signed letter to the nominee authorizing his actions on your behalf, including the DATE AND TIME OF YOUR SIGNATURE, would be considered a document of value.
In this way, faxing and other communication issues are not an issue.
Ed |
