Tuesday, May 1, 2007

Reducing even more paper

I checked my mail from the past couple of days today and found the following: T-mobile bill (even though I already pay the bill electronically) and proxy cards for some of my investments. I logged on to the t-mobile site and quickly turned on electronic billing. The proxy cards were a bit tricky. One of the sites proxyweb.com would not recognize my control number (even though it was the right number because I was able to vote). The other site Proxy Vote allowed me to switch to electronic delivery of proxy materials without any problems.

In fact it appears that the default at Proxy Vote is electronic delivery (which is great). This wesbite also had the following notice on their site:

Dear Shareholder:

Beginning July 1, 2007, new “Notice and Access” rules from the U.S. Securities & Exchange Commission give public companies an alternative method of providing proxy materials to shareholders.

Instead of automatically sending shareholders a complete set of proxy materials by mail (typically consisting of an annual report, proxy statement, and voting card), companies may choose instead to mail a simple “Notice of Internet Availability of Proxy Materials” (the “Notice”). Among other points of information, the Notice lists an Internet website address where shareholders may access proxy materials online. The Notice also includes instructions for requesting proxy materials (at no charge) by mail or e-mail, as you prefer. We anticipate many companies will utilize the new “Notice and Access” method because of the timeliness and cost effectiveness of Internet availability.

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