Does your mobile Proxy Statement measure up to the SEC rules and recommendations?
The proxy industry is changing because investors are changing. Mobile devices now account for more than half of all Internet traffic and more Americans own a smartphone than a laptop or desktop.1
As such, it has become crucial to present your proxy materials in a mobile-friendly way, but it's also critical that you ensure you're meeting SEC rules and recommendations.
What is a "mobile Proxy" and why is PDF insufficient?
Mobile proxy products are designed to replace the traditional PDF approach with a user-friendly solution that includes easier navigation, better presentation, no required user configuration, and much more. PDF files are outdated: they are not designed to embrace mobile devices, and because of this, they often fail to meet SEC requirements. To read a PDF on a smartphone requires extensive scrolling, thus failing to provide an equally good experience online as in print (an SEC requirement). Furthermore, on stock Apple devices, the built-in PDF reader does not have full-text search capabilities (another SEC requirement). Mobile users have to be aware and savvy enough to configure and utilize the correct software in order for the PDF to allow searching and for cross-linking to work properly.
By designing your Proxy Statement for mobile users, you engage your digital investors in a powerful way, a way that the traditional PDF method simply cannot. After you go mobile, make sure you maintain SEC compliance by answering these simple questions to determine if your mobile Proxy is meeting regulatory guidelines:
Does your mobile Proxy hide specific content from mobile users?
Try it for yourself: open up your Proxy Statement on a mobile device and check. Can you search for all the information in the document? Can you find the information that's in every table and chart? Surprisingly, many industry solutions available today do not include this SEC-required capability, presenting mobile users with a less comprehensive experience that's different than the experience that desktop/laptop users have.
Can you navigate your mobile Proxy as easily as the printed version?
The SEC specifically states that users should be able to use hyperlinks and a linkable table of contents to quickly and easily navigate the document. However, many industry solutions have poor navigation and present a mobile Proxy that is actually harder to use than a printed document. EZOnlineDocuments' solution includes award-winning Tiles Navigation, an intuitive table of contents, full-text searching, and much more to help mobile investors easily navigate the entire document.
Is your mobile Proxy hosted on a site that restricts the use of tracking cookies?
The SEC does not allow tracking cookies, seeking to ensure that online documents do not infringe on an investor's anonymity. EZOnlineDocuments' hosting, a mature service available since 1998, has always been SEC compliant to ensure investors remain anonymous while reviewing documents.
Go mobile. Stay compliant.
Use EZOnlineDocuments to ensure you're meeting the needs of your mobile investors while maintaining compliance with SEC rules and recommendations.
Make your mobile Proxy Statement fully compliant by contacting EZOnlineDocuments today.