2004 CIRI Annual Meeting Results

2004 CIRI Annual Meeting Concludes in Puyallup

More than 400 shareholders and guests attended the 31st Annual Meeting of Shareholders in person on Saturday, June 5, 2004, in Puyallup, Wash. In addition to electing five directors to serve three-year terms, shareholders heard a business presentation, enjoyed lunch, and visited with family and friends.

 

Election of Directors

There were 592,096.921 shares of common stock of CIRI outstanding and entitled to be counted for quorum purposes for the 2004 Annual Meeting of Shareholders. A total of 428,704.98 shares were present in person or represented by proxy at the meeting; therefore, more than one-third of the outstanding voting stock was represented, and a quorum was present.
The following CIRI shareholders were elected to serve on the Board of Directors for three-year terms ending in 2007: Charles G. Anderson, Michael R. Boling, Thomas P. Huhndorf, Dr. Terry L. Simpson, and Robert Singyke.
The 2004 voting results for election of CIRI Board of Directors are as follows:

Candidate

Charles G. Anderson
Michael R. Boling
Thomas P. Huhndorf
Dr. Terry L. Simpson
Robert Singyke

Votes

339,345.10
338,711.28
406,703.94
339,185.95
386,162.99


Management Referendum
In order to address directly the claims of some shareholders that there was dissatisfaction with the performance of CIRI management, the company undertook an advisory poll which permitted shareholders to express their view on whether the CIRI management team should be removed. Shareholders who favored a change in CIRI’s current management team could return a pre-addressed, stamped postcard expressing this view. The company received 203 signed responses out of a total of 7,200 CIRI shareholders, approximately 2.8 percent.


New Shareholder Participation Committee Members

The following shareholders were selected to serve as Shareholder Participation Committee members. For a complete list of Shareholder Participation Committee members, visit the CIRI web site at www.ciri.com.

Anchorage Committee
Edwin William Herndon
Alaska Committee
Harvey Lee Anderson • Delta Junction, Alaska
Connie Sue Judson • Ketchikan, Alaska
Kathlyn Jean Rambow • Wasilla, Alaska

Lower 48 Committee
Doris Holt • Columbus, Georgia
Allen Morris Kincheloe Jr. • Rio Rancho, New Mexico
Camille P. Walls • Maple Valley, Washington
Natalie Elaine Wood • Bellingham, Washington

 

Consideration of Resolutions
Twelve resolutions introduced at the annual meeting failed to pass.

2004 Annual Meeting Prize Winners
 The following shareholders won general door prizes at this year’s annual meeting:

$5,000
Paul Oliver Cooper

$2,500
Gary Ray Stevig

$750
Patrick Chuitt Jr.
Daniel Jay Cramer
Amy Jo Crandall
Patricia Ann Johns
Sonya Clara Knight

$500
Eleanor Mary Batchelder
Martine Dion Fabrizio
Daniel C. Stalker Jr.
Paul Stephan Sr.
Betty Jean Wilson

$100
Harold Lee Andersen
Marlene Canham
Judy Beth Glass
Shirley Ann Grow
Hans Ingvald Johansen
Craig L. Johnson
Rachel May Konahok-McVey
Katherine Fay Lecceardone
Ann Dorothy Robertson
Lee Ann Schultz

2004 Early Bird Prize Winners
 (Drawn from proxies received by May 21, 2004)

$2,500
Rita Mary Halverson

$500
Catherine Coddington
Dorothy Gladsjo
Douglas Perry Guerrero
Arlene M. Hanley
Michele Rene Kalmakoff
Charles LaBarbera Jr.
Maidie Beth Maillelle
Laura Veronica Montes
Steven Morris
Norman Walter Wilson

2004 Alliance Prize Winner

$5,000
Joseph Nels Jenkins

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