Golden Gate Bridge

Managing Stock
Transfer Costs
Responsibly
Since 2006

Recent News

Fall 2025

A proxy advisory firm recommendation is not a proxy solicitation

That was the conclusion of the U.S. Court of Appeals for the District of Columbia Circuit on July 1, 2025, handing a victory to Institutional Shareholder Services (“ISS”) and other such proxy voting advisors.  ISS had fought the SEC’s change in 2020 to the 1934 Exchange Act’s Section 14(a) whereby all of a sudden proxy advisors were subject to “enhanced disclosure requirements” that proxy solicitors must deal with.
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Summer 2025

Transfer Agent Services in 2025

The stock transfer industry has seen a LOT of changes in the 38 years we have worked within it.  So, we thought we should list some of the more interesting recent developments we have gleaned from our continuous interactions with key industry players.
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Testimonials

Shareholder Service Solutions, Inc.

Andrew Wilcox's experience in the transfer agent space was invaluable as we undertook a thorough review of our contract for stock transfer services.  His expertise resulted in a substantial cost savings for us annually.  We highly recommend his services! ~ Gay L. Wolf, Manager, Stockholder Relations, The Hershey Company

Helpful Hint

Protect your shareholders’ stock and cash from escheatment, enhancing your investor relations

States in the U.S. have become increasingly greedy.  They hire “contingent fee auditors” to sniff out stock and cash on transfer agents’ books which they CLAIM are property “abandoned” by shareholders –...
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Term of the Month

Precatory

Precatory means expressing a wish or desire, rather than a legal obligation to perform.  Relative to annual shareholder meetings it describes company management proposals like say-on-pay, or any shareholder proposals.  I.e., management needs to “face up to” the voting outcomes on such proposals if they were not what it hoped for, but it is technically not required to act on them.  That said, management usually acknowledges such negative results at least, and promises to seriously evaluate them.

Quote of the Quarter

“Investing should be more like watching paint dry or grass grow.  If you want excitement, take $800 and go to Las Vegas.” ~ Paul Samuelson