Proxy Voting for Calista Corporation 2021 Annual Meeting to Continue
All Previously Cast Valid Proxies Still Count
(Anchorage, Alaska) – Calista Corporation reports that too few Shareholders submitted proxies for the 47th Annual Meeting of Shareholders by the previously announced deadline of June 28 at 5pm AKDT. The requirement (the submission of proxies representing a majority of all voting shares) was missed by an extremely narrow margin. Almost 11,000 shareholders voted by the deadline. An estimated several dozen Shareholders voting by proxy would have made quorum.
Because quorum was not reached by the proxy deadline, the following changes go into effect immediately:
- Proxy voting will continue until the meeting time. Proxies (both paper proxies and proxies cast online) will continue to be received by the Inspector of Elections until the meeting starts on July 1, 2021, at 1:00 p.m.
- All previously cast valid proxies and all additional proxies submitted are eligible for the final proxy prize drawing. All previously submitted valid proxies, plus all additional valid proxies received by the new deadline of July 1, 2021 at 1:00 p.m., qualify for the drawing for the final proxy prizes. All valid paper proxies received by the new deadline are eligible for seven cash prizes totaling $8,500. All valid proxies cast at www.CalistaVote.com by the new deadline are eligible for the seven paper cash prizes, plus three additional cash prizes totaling $8,500.
- All valid proxies submitted by June 29, 2021, at 1:00 p.m. will be counted for the election of directors. All proxies received by the Inspector of Elections by 1:00 pm on Tuesday, June 29, 2021, will be tabulated (i.e., voted for directors).
Individual PINs were distributed on May 21 to eligible voting Shareholders. The PIN allows access to CalistaVote.com. This site allows online voting, and access to the virtual Annual Meeting (held by electronic communication on the Internet). Lost or misplaced PINs may be requested from the Inspector, the certified public accounting firm Sramek Hightower, at 907-677-3320.
“Voting is the most powerful action of a Calista Shareholder. However, those votes will not count until enough Shareholders vote. Please support your fellow voting Shareholders and exercise your responsibility to vote.”Andrew Guy, Calista Corp. President/CEO
Until quorum is reached, the 2021 proxy prizes totaling $58,000 cannot be awarded. More than 6 in 10 voting Shareholders cast proxies online. A majority use a smartphone and complete voting in less than three minutes on average.
Annual Meeting information is posted at www.CalistaCorp.com/AnnualMeeting. Shareholders can submit questions they would like to be addressed during the meeting in advance, using the comment form at www.CalistaVote.com.
Calista Corporation has over 33,700 Shareholders and is the parent company of more than 30 subsidiaries in the following industries: defense contracting, construction, real estate, environmental services, natural resource development, marine transportation, oilfield services, and heavy equipment sales, service and rentals. Since 1994, Calista has provided more than $5.5 million in scholarships to its Shareholders and Descendants. Since inception, Calista has declared more than $77.8 million in dividends and distributions, and $8.2 million in Elders’ Benefit Program distributions to Shareholders. Calista can be found on Facebook, Twitter and Instagram.