Calista annual meeting rescheduled for November
Calista Corporation has rescheduled its annual shareholder meeting to Nov. 3 in Goodnews Bay.
On June 1 Calista’s board of directors took action by adopting a resolution to reschedule the recently cancelled annual shareholder meeting to a new date of Nov. 3.
“The Calista board took action to reschedule the annual meeting for later in the year,” said Chairman of the Board Arthur Heckman. He said the vote was taken in light of the board’s prior action in May to cancel the annual shareholder meeting then scheduled for June 2. He further stated, “The prior action to cancel that meeting was taken because the board realized a defect had occurred in not allowing certain nominees for the board slate to participate in a critical vote in the voting process at the board’s April 2012 meeting. That vote was on the at-large nominee candidate to be included in the board’s slate of nominees up for election at the annual meeting.”
“The normal process for noticing and preparing for holding an annual meeting will be followed for the November 2012 meeting,” said Heckman. “Unlike the past, the board will follow a procedure for voting on members of a board slate of candidate nominees for an annual meeting which allows a nominee (who is a board member) to participate in voting on other nominees.” He further stated that the board would, nevertheless, continue to follow a policy of not allowing a nominee (who is a board member) to vote on that nominee’s inclusion in the board slate for an annual meeting.
“More details as to the annual meeting process to be followed for the November 2012 meeting will be provided to Calista shareholders in the near future,” said Heckman.
“When the board realized it was too late to rectify the defect in voting done at the April 2012 board meeting by amending the board proxy materials distributed to Calista shareholders for the scheduled June meeting, the only alternative available to the board was to stop preparation for that meeting, and to cancel and reschedule it,” stated Heckman. “The board weighed the pros and cons of the potentially disruptive action to cancel the June meeting but decided it was in the best interests of the Calista shareholders to simply start anew with the rescheduled annual meeting.”
“The board resolved to hold the rescheduled annual meeting in Goodnews Bay, the same location as previously scheduled for the meeting, to minimize disruption of plans of those shareholders intending to attend the meeting,” added Heckman.
Calista Corporation is an Alaska Native regional corporation formed under the Alaska Native Claims Settlement Act and organized under Alaska corporate law. Calista has business interests in a number of areas carried out through subsidiary operations.