Calista Corporation’s Board of Directors is meeting today (Friday) to come up with a new date for the annual shareholder meeting. Chairman Art Heckman explained a little about why the board decided to cancel its June 2 shareholder meeting in Goodnews Bay.
“There was a defect in the voting process that took place at the April 4, 2012 board meeting,” Heckman said in an interview with KYUK. “The Board has concluded that the proper vote was not taken on the at-large nominee.”
When asked what exactly that means, he said that there were board members who were at the meeting who were not allowed to vote on the at-large seat, but should have.
“There were three board members that should have been allowed to vote, and they did not vote,” said Heckman.
He refused to say why the board members were not allowed to vote but said the outcome of the vote would have been different.
Meeting materials had already been mailed out to shareholders before the Board decided to cancel the meeting. Heckman said he could not comment on whether or not there would be new proxy materials sent out to shareholders for the new meeting and said those details would be worked out at their meeting today.
Calista has 12,600 shareholders, according to its website. The corporation is an Alaska Native regional corporation formed under the Alaska Native Claims Settlement Act and organized under Alaska corporate law.