Question about proxy voting

[Alpo]

Let's say, just for pretends, did THAT I own a large block of voting stock in XYZ Gun company.

 

There is a stockholders meeting coming up where they will vote on whether or not to get out of the gun business.

 

I will not be able to go to the meeting.

 

Hardpan is going to the meeting, so I give him my proxy.

 

Does he have to vote my 500,000 shares the way I want them voted - NOT JUST NO BUT HELL NO - or can he vote them however he wants to, because he's there and I'm not?

[Marshal Mo Hare, SASS #45984]

He can vote as he damn well chooses unless you have a contract.

[Cat Brules]

Give Hardpan a box othose cigars he likes.  Anybody know what he drinks?

 

Cat Brules

[Cyrus Cassidy #45437]

19 hours ago, Marshal Mo Hare, SASS #45984 said:

He can vote as he damn well chooses unless you have a contract.

 

What he said.

 

On the other hand, most companies are now doing proxy votes electronically, where the share owner votes without being present.  You vote for yourself; you just don't have to be at the meeting.  For security reasons, they are using third party electronic voting members to administer it.  I do this all the time with my stocks.

[Ramblin Gambler]

The last time I looked at the paperwork for a proxy ballot it had 3 options. 

 

Assign my proxy to someone to vote as they please

Assign my proxy to someone to vote no.

Assign my proxy to someone to vote yes.

 

On the first option I had to name the person.  I don't think there was a name for the last 2.  I assumed they just knew people who were going to vote each way and would give it to them.  But maybe it was electronic votes like Cyrus said.