Southeastern this afternoon renewed its opposition to the Dell-Silver Lake deal, encouraging shareholders to vote against the proposal and promising to release its own proxymaterials.
Moxy Vote was a noble attempt to coalesce the small investor which was thwarted by the very institutions who are often the custodians of their shares and hence all proxymaterials.
Less than 5% of shareholders who receive only a form directing them to vote online actually vote, while 20% of shareholders who receive the materials by mail vote, says Chuck Callan of Broadridge Financial Solutions, which handles proxy processing for brokerage firms.