What is a proxy solicitor?
A proxy solicitor is a specialist firm hired to help issuers gather proxy votes. Issuers hire solicitors as an insurance policy to help drive shareholder voting for non-discretionary (non-routine) proposals, New York Stock Exchange (NYSE) regulatory changes regarding equity plans, and majority voting on director elections. Proxy Solicitors utilize shareholder lists to proactively contact shareholders to explain proposals and encourage voting. Ultimately, the solicitor’s job is to increase the shareholder vote. For support and additional information, explore our Annual Meeting and Proxy Solutions.