FOR IMMEDIATE RELEASE
Calista Corporation Announces Annual Meeting Results
42nd Meeting Held in Anchorage
(Anchorage, Alaska) - Calista Corporation shareholders elected one new director and reelected two continuing directors. Additionally, the one resolution up for vote failed to pass. A total of 53.1 percent of all outstanding shares voted. Nearly 19 percent of votes were cast online at calistavote.com.
Three Board of Director seats were up for election this year. Wayne Don was elected by a majority of votes to Administrative Unit 6, while Paul George Guy and Johnny Evan were voted back into office for Administrative Units 4 and 5, respectively. Each elected Director serves a three-year term.
The sole resolution to reduce the quorum requirement from a majority to one-third of outstanding shares did not pass. The quorum reduction resolution received 59.1 percent of votes. However, more than 66.67 percent of votes cast were required for this resolution to pass.
"Calista management and the Board greatly appreciate all those that cast votes," said Chair Margaret Pohjola. "Voting for annual meetings is crucial for Calista's continued success. The ability for shareholders to vote is both a right and a responsibility."
Calista Corporation General Counsel Bonnie Paskvan (in blue qaspeq) delivers the Board of Director Oath of Office to newly elected director Wayne Don, and reelected directors Johnny Evan and Paul George Guy (left-to-right). Credit: Calista Corp/Thom Leonard.
The second largest of the original 13 regional Alaska Native Corporations, Calista Corporation was established under the Alaska Native Claims Settlement Act of 1971 and represents approximately 13,000 Shareholders. The Calista region encompasses more than 6.5 million acres and includes 56 villages, which are incorporated into 46 individual village corporations. Since 1994, Calista has provided more than $4 Million in scholarships and since inception more than $43.2 Million in dividends and Elders' Benefit Program distributions to its Shareholders and Descendants.
Calista Corporation is the parent company of more than 35 subsidiaries in the following industries: military defense contracting, construction, communications, real estate, environmental and natural resource development, and information technology and media services. Calista can be found on Facebook and Twitter.