Shareholders Look For Financial Highlights First,
OnlineProxy.com Study of Proxies/Annual Reports Shows;
Average Visit Lasts Three Minutes
Shareholders look for the financial highlights first when viewing online proxy materials and annual reports, according to a recent study by OnlineProxy.com, a leading provider of online publishing of proxies and annual reports.
The study of 2.4 million hits to more than two dozen online proxies and annual reports (which were published by OnlineProxy.com during the most recent annual report season, January-June 2001) showed that shareholders visited these sites for 1-20 minutes. Average length of visit: three minutes.
Morristown, NJ (PRWEB) February 28, 2002 -- Shareholders look for the financial highlights first when viewing online proxy materials and annual reports, according to a recent study by OnlineProxy.com, a leading provider of online publishing of proxies and annual reports.
The study of 2.4 million hits to more than two dozen online proxies and annual reports (which were published by OnlineProxy.com during the most recent annual report season, January-June 2001) showed that shareholders visited these sites for 1-20 minutes. Average length of visit: three minutes.
Executive compensation was the sixth-most-read section, while the letter to shareholders and the managements discussion and analysis were third and fourth, respectively. The most-visited sections are, in order:
1) financial highlights of the annual report
2) notice of annual meeting in the proxy statement
3) letter to shareholders in the annual report
4) management's discussion and analysis in the annual report
5) consolidated financial statements in the annual report
6) executive compensation in the proxy
Shareholders, especially institutions, have demanded online access to proxies and annual reports," noted Rhoda Anderson, CEO of OnlineProxy.com. Our study proves that shareholders are using the online access to proxies and annual reports that companies are providing, and theyre looking at these documents before they cast their votes."
About OnlineProxy.com: OnlineProxy.com (www.OnlineProxy.com) provides online publishing of corporate and mutual fund proxies and annual reports. The companys automated product allows corporations to meet regulatory requirements and provide shareholders the ability to navigate anywhere in these documents with just two clicks of the mouse. OnlineProxy.com has achieved a track record of 100% on-time delivery for clients over the past two years, and attained 99% continuous up-time commitment on its server for clients.
The firm, headquartered in Morristown, N.J., is headed by CEO Rhoda Anderson. Clients include more than two dozen publicly traded corporations, including American Express, Bristol-Myers Squibb, Merrill Lynch, PSEG, and Sealed Air.
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Contacts:
Rhoda Anderson, 973 683-1484 / Randerson@RhodaAnderson.com
Charles Wasilewski, 908 766-4168 / Charles@wordsandson.com
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