If I hold a US stock in a custodian brokerage like FSMOne, will I get invited to the US company's annual general meeting? - Seedly
Seedly logo
Seedly logo
 

Anonymous

Asked on 26 Dec 2019

If I hold a US stock in a custodian brokerage like FSMOne, will I get invited to the US company's annual general meeting?

What's the criteria to getting invited to a foreign company's AGM?

0 comments

6 answers

Answer Now

Answers (6)

Sort by

    You would need to tell FSMone to sign you a proxy form before you can attend. Make sure the proxy form is submitted to the company so that they know you are coming. If not you will be deny entry

    0

    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post
    pat

    pat

    Level 7. Grand Master

    Answered on 20 Jan 2020

    You do not own the stocks, all invitation to be sent to the custodian instead. You can express your interest if you are interested to attend and they will send a proxy form to you.

    0

    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post
    Billy Ko

    Billy Ko

    Level 7. Grand Master

    Answered on 20 Jan 2020

    You definitely should contact FSMOne to register you for the AGM as a proxy especially if you hold Berkshire Hathaway stocks, I would feel that their AGM is worth attending! Not everyday you get to hear the oracle of omaha sharing his experiences and outlook for the coming year

    0

    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post

    No you wont. Investing in a custodian means the one who owns the stock is your brokerage and not you. This is reflected in the annual report as well. What this means is that the invitation to attend the AGM will be directed to your stock brokerage because they are the ones listed as the shareholder

    0

    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post
    Bjorn Ng

    Bjorn Ng

    Level 9. God of Wisdom

    Answered on 20 Jan 2020

    Hi there,

    FSMOne will not notify you when there is an AGM - You would have to monitor yourself, and once you have information, contact FSM to let them know that you would like to attend "on their behalf". They will arrange for you.

    I hold some SG stocks in SC custodian and it works the same. But I went down as an observer as for proxy, you would usually have to inform like few weeks in advanced.

    0

    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post

    I dont think so, unless you write into your brokerage firm and request for it.

    Even IF you are invited, are you planning to spend a few $ks just to flew in to the States just to attend a meeting?

    0

    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post