Oct. 10, 2014
Calista Corporation Begins Shareholder Outreach Tour
Important Vote By Shareholders At 2015 Annual Meeting: Whether To Enroll Descendants
(Anchorage, Alaska) - Calista Corporation is set to begin an outreach effort to provide information to shareholders regarding an important resolution. Shareholders will decide whether to enroll descendants as shareholders in a binding resolution vote at the 2015 annual meeting. This effort was authorized by shareholders through an advisory vote at the 2013 annual meeting of shareholders.
"The decision whether to enroll descendants is a major turning point for Calista Corporation," said Board Chairman Willie Kasayulie. "There are many factors for shareholders to consider before making a decision to vote yes or no. Calista will provide many options for shareholders to get the information they need for an informed vote."
Calista's outreach includes a tour of more than 20 communities. The tour will include videos in English and Yup'ik, and a presentation by Calista's Shareholder Relations Committee followed by a question and answer period. By late November, CalistaVote.com will feature the videos, Committee presentation, a detailed list of frequently asked questions, and a list of tour dates and locations. By early 2015, a DVD with the videos will be sent to each tribal council and village corporation in the Calista Region. The shareholder newsletter, Storyknife, Calista's social media accounts, and Calista's monthly radio call-in show on KYUK will also be used to provide information to shareholders about the resolution.
Chairman Kasayulie further states, "Calista maintains a neutral position on this vote. Shareholders are asked to vote yes or no at the 2015 annual meeting." The annual meeting date and location will be announced by February 2015.
If more than 50 percent of all shares voted on this resolution vote yes, the resolution will pass. Should the resolution pass, Calista estimates it will issue the new class of shares in the first half of 2017.
The second largest of the original 13 Alaska Native Corporations, Calista Corporation was established under the Alaska Native Claims Settlement Act of 1971 and represents more than 12,000 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 $3.5 million in scholarships and since inception more than $27.6 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.