Calista Corporation each year schedules an Annual Meeting of Shareholders. This meeting is crucial because Shareholders elect members to the Board of Directors and vote on any proposed resolutions. Due to the high cost of travel, annual meetings are generally held throughout the Calista Region in order to reach as many Shareholders as possible.
2020 Annual Meeting of Shareholders information has concluded
Did you know? In 2020 alone, Shareholders who opted to receive Annual Meeting materials electronically saved over 1,300 pounds of paper! That’s helping #SaveTreesForMaqiis!
2020 Voting Materials
Full Annual Meeting materials were distributed on May 22 in two packets.
- One large packet will be sent to each Shareholder household. This packet includes the Annual Report book with 2019 audited financials, a comment card, and a Proxy Booklet with Proxy Statement, agenda, proxy prize lists, and more.
- A smaller envelope will be sent to each individual voting Shareholder. This envelope will contain a Proxy Form for voting and a postage-paid return envelope. The back of the Proxy Form has the Shareholder’s name, number of shares, number of votes, PIN to vote online, and more.
Over 2,000 Shareholders have opted to receive these materials electronically. The same day materials are mailed, an email will be sent to these Shareholders. Each Shareholder can vote immediately.
Calista enjoyed record-breaking business successes in 2018, and 2019 data will be going through audits. Net income grew from $21.7 million in 2017 to $37.7 million in 2018 to $50.7 million in 2019. Shareholders are benefiting from this success, with lifetime dividends and distributions breaking the $82 million mark as of April 2020.
To help maintain these positive results, the Board of Directors has decided to re-introduce the candidate endorsement process. This lets Shareholders know which candidates the Board believes will best help Calista continue to be successful. Voting for Board-endorsed candidates is a way to support Calista and its continued success.
All Shareholders can vote online at www.CalistaVote.com. 6 out of every 10 eligible Shareholders voted online. More than half finished voting online in less than 4 minutes.
Did you know? In 2019 alone, Shareholders who opted to receive Annual Meeting materials electronically saved over 1,000 pounds of paper! That’s helping #SaveTreesForMaqiis!
Annual Meeting Packet - Paper or Electronic
Once available, printed Annual Meeting materials are mailed (default) or emailed (to those who opted for electronic delivery). Both options were distributed on the same day, May 22, 2020.
Paper Option (default)
Two items are mailed to eligible Shareholders via USPS First Class. This option uses 100 pages of paper or more.
- Annual Meeting Packet (1 per household): This large envelope (about 10″ by 13″) contains the Annual Report book (financials), a Proxy Booklet (candidate and current Director info, agenda, Proxy Prize details, etc.), and a comment card. To save over $40,000 and reduce paper use by about 3 tons each year, Annual Meeting Packets are now delivered one per Shareholder household. Click here for more details on the Annual Meeting Packet Mailing Change, effective 2018.
- Proxy Voting Form (1 per voting Shareholder): This standard envelope includes an official Proxy Form for voting, and a postage-paid return envelope addressed to the Inspector of Elections. The Proxy Form is addressed to an individual voting Shareholder. The back of each official Proxy Form will include the Shareholder’s name, PIN to vote online at CalistaVote.com, number of shares owned, number of votes available, and other details.
Electronic Delivery option (opt-in here)
- Email: An email is provided to each Shareholder who opts for electronic delivery. The email contains a link to the Annual Meeting materials, the PIN to vote online at CalistaVote.com, and a link to the online voting website.
- Mailed PIN letter: As a backup to email, a single piece of paper is mailed via USPS First Class to each Shareholder who opts for electronic delivery. The letter notes that Annual Meeting materials are available electronically, the PIN to vote online at CalistaVote.com, and a link to the online voting website.
Did you know? The average Shareholder completes online voting in less than 4 minutes.
May 5, 2020 deadline: If you’ve moved please log into your MyCalista.com account and update your contact information.
Where's My PIN?
Your voting PIN was distributed on May 22. For most Shareholders it is included in your blue paper Proxy Form, mailed via first-class postage. About 2,000 Shareholders also received their PIN via email the same day.
The blue paper Proxy Form was sent to each individual voting Shareholder (except for email opt-ins). The back of the Proxy Form has the Shareholder’s name, number of shares, number of votes, PIN to vote online, and more.
What should I do if I lose or forget my voting PIN?
To recover your voting PIN, please contact the Inspector of Elections Sramek-Hightower CPAs at 907-677-3320 during business hours from 8 a.m. to 5 p.m. Alaska Daylight Time.
For those who opted for electronic delivery of Annual Meeting materials, look for the email sent on May 22. The email contains a link to Annual Meeting materials and the PIN to vote online at CalistaVote.com. Shareholders opted-in for electronic delivery also received their individual PIN in a first-class postage mailer sent the same day.
Voting PINs also provide access to the virtual Annual Meeting. Shareholders are encouraged to keep their PIN confidential and save or take a picture of their individual PIN so they can join the July 3 meeting.
Proxy Prizes and Deadlines
2020 Annual Meeting voting has ended
All proxy votes and ballots are received, verified, and counted by the independent Inspector of Elections (not Calista staff). All proxy prize winners are randomly drawn by the Inspector of Elections. The Inspector of Elections for 2020 is Sramek-Hightower, a certified public accounting firm with offices in Anchorage.
There are $63,000 in total prizes available this year. The Calista Board of Directors redirected this year’s door prize funding to the proxy prizes. Proxy prizes are only awarded if quorum is reached and the Annual Meeting is valid.
Voting website: www.CalistaVote.com
- Note: Open during the election period only
- The PIN to vote online is on the back of the individual paper Proxy Form OR for those who opt for electronic delivery the PIN is in the email notification and the PIN letter
2020 Calista Voting Proxy Prize Deadlines (all times are Alaska Daylight Time):
- June 5 at 5pm: Online Early Bird deadline for valid online proxies. Top cash proxy prize is $10,000. Also qualifies for Deadlines #2, #3, and #4.
- June 15 at 5pm: Early Bird deadline for valid paper OR online proxies. Top cash proxy prize is $10,000. Valid paper proxies also qualify for Deadline #4. Valid online proxy votes also qualify for Deadlines #3 and #4.
- June 29 at 5pm: Online Regular Proxy deadline for valid online proxies. Top cash proxy prize is $5,000. Also qualifies for Deadline #4.
- June 29 at 5pm: Regular Proxy deadline for valid paper OR online proxies. Top cash proxy prize is $2,500.
Did you know? If you vote online, you’ll get immediate confirmation your proxy votes were received by the Inspector of Elections. This option is not available for valid paper proxy votes.
FAQs on Campaigning and Endorsements
As a Shareholder, can I campaign for any candidate of my choosing on social media?
Yes. However, please be aware that Alaska law requires any person who distributes materials (posts, comments or shares) relating to proxy solicitations to at least 30 Alaska resident Shareholders must send the materials to the Alaska Division of Banking and Securities at the same time the materials are distributed to Shareholders. This includes any materials published on the Internet. Shareholders may meet this legal requirement by emailing the proxy materials to email@example.com.
Why are there Board-endorsed candidates?
Calista is growing fast, consistently profitable, and has been increasing the amount of distributions and other benefits paid to Shareholders. The Calista Board decided it would be good to let Shareholders know if the Board endorsed one or more candidates, in order to give Shareholders a way to express support for Calista’s continued growth, profitability and payment of benefits to Shareholders.
Is it legal for the Board to endorse one or more board candidates?
Yes, Alaska law permits ANCSA corporation boards to endorse candidates. Top-performing corporations, including Fortune 500 companies, often endorse board candidates.
I don’t know any of the candidates. Who should I vote for?
The Calista Board endorses candidates and recommends you vote for them. Biographical information and a personal statement from each candidate are provided in the Proxy Statement and are also available if you vote online at www.calistavote.com.
Can I vote for just one of the Board-endorsed candidates?
Yes. The Proxy Form distributed by the Board provides two options for the election of directors. If you check Option 1, all your votes will be voted for the Board-endorsed candidates. However, if you mark a line through one of the candidates’ name in Option 1, none of your votes will be voted for that candidate, and all of your votes will be allocated to the other Board-endorsed candidates. You can also check Option 2 and cast all of your votes for specific Board-endorsed candidates.
The Annual Meeting of Shareholders is held at least once every five years in Bethel, and at least once every seven years in Anchorage. The other meetings will be held in villages in the Calista Region selected by the Board of Directors.
2020 Annual Meeting of Shareholders information
Did you know? Only Bethel, Kasigluk, Aniak and St. Mary’s have each hosted more than 1 Annual Meeting in Calista’s history (through 2020).
Quorum - If Too Few Shareholders Vote
Quorum must be met in order to conduct a valid Annual Meeting. If too few Shareholders vote and quorum is not reached, the Annual Meeting must be rescheduled, which would cost Calista and its Shareholders significant time, effort, and money. Additionally, Proxy Prizes are only awarded if quorum is reached.
Historically, the average Shareholder voting participation of all Annual Meetings is only 50.51%. For the last 6 Annual Meetings, less than 4 in 10 Shareholders 18-39 years old voted. And less than half of Shareholders in their 40s voted.
Calista Shareholder Awards
Calista Shareholder Awards recognize exceptional efforts by Shareholders to uphold the cultural values of the Yukon-Kuskokwim Delta and its communities. Each award recipient will receive a plaque and $1,500.
All recipients will be recognized during the virtual Annual Meeting of Shareholders on July 3.
- Through 2020, a total of 33 communities have hosted 45 annual meetings
- In 2020 alone, Shareholders who opted to receive Annual Meeting materials electronically saved over 1,300 pounds of paper
- The Calista Region is located in the Yukon-Kuskokwim Delta
- More than 60% of Shareholders live in the Calista Region
- Online voting was first made available in 2014
- Of Calista’s roughly 32,000 Shareholders, about 9,000 are original Shareholders
- On average, only 5.1 of every 10 Shareholders vote
- Less than 3 minutes: The time it takes a majority of Shareholders to vote online at CalistaVote.com
- Over 6 in 10: The number of Shareholders who voted online in 2018, 2019 and 2020
- Over 1 in 3: The number of voting Elders who voted online in 2019 and 2020