Proxy Policy

 

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P.R. Herzig & Co. typically does NOT control proxy voting rights of its clients. The firm will vote its proxies on proprietary accounts as follows:
  • For routine items (ratification of auditors, uncontested director or trustee nominations, changes in company name, procedural matters related to annual meetings, etc.) the firm generally will vote the proxies in accordance with management recommendation.
     
  • For non-routine items, the firm will vote the proxies in a way that can be reasonably expected to maximize shareholder value.

Arthur Pesner, Compliance Officer, is responsible for ensuring proxies are voted on-line or by mail in a timely fashion.

To meet our fiduciary duty, we ensure through our clearing firm that corporate information and proxy forms are distributed in a timely fashion to clients, unless the client specifically requests not to receive corporate communications. We will also, if asked, advise clients on how to vote their proxies in a manner beneficial to the clients.