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5] Securities Act Release No. 6711 (April 17, 1987), Concept Release on Management’s Discussion and Analysis of Financial Condition and Results of Operations, 52 FR 13715 quoting Securities Act Release No. 6711, Securities Act Release No. 6711 (April 24, 1987) [ 52 FR 13715]., at 13717.
• Companies mailing proxy material using the traditional full-set method will experience a drop of 20.6% of shares outstanding. • Companies that adopt a full Notice & Access mailing approach will see their director vote drop by 25.9% of shares outstanding.