ANNUAL MEETING INFORMATION
|2002 Election Procedures|
|The following summarizes some of the election procedures for the 2002
Annual Meeting of CIRI Shareholders. A complete copy of the CIRI Election
Procedures and Rules of Conduct for Shareholder Meetings will be available
at the June 1 annual meeting, in Anchorage, Alaska, or may be obtained prior
to the meeting by contacting the CIRI Shareholder Relations department.
Delivery of Proxies. All proxies must be received by 5 p.m. (Alaska Standard Time) on Friday, May 24, 2002, by the CIRI Secretary or the Inspector of Election. Proxies received after 5 p.m. on May 24, 2002, will not be valid for any purpose.
Proxy Revocation. After 5 p.m. on May 24, 2002, shareholders may revoke proxies by voting in person by ballot at the annual meeting or by delivering to the Inspector of Election, prior to the close of shareholder registration on the meeting day, an express signed and dated written revocation (other than a proxy).
Meeting Registration. Registration for the annual meeting will begin at 9 a.m. on June 1, 2002. The meeting will commence at 10 a.m. and shareholder registration will close at 1 p.m. Each shareholder will be required to bring some form of identification such as a driver's license, Social Security card, or CIRI ID card. All eligible shareholders wishing to vote in person at the meeting will be given a ballot for that purpose. Acceptance of the ballot will revoke all proxies the shareholder may have previously signed. All shareholders desiring to vote in person at the meeting must register prior to the close of shareholder registration at 1 p.m.
Voting. The Inspector of Election will announce the proxy votes held by proxy holders at the meeting and will prepare and distribute ballots to the proxy holders. All ballots must be deposited into the ballot boxes or delivered to the Inspector of Election. Election results will be announced as soon as possible after the voting is complete.
How to Become a Shareholder Participation Committee Member
In 1995 three Shareholder Participation Committees were formed by the CIRI Board of Directors to increase shareholder communication with CIRI. This year, 13 replacement members will be selected to fill terms that are vacant or expiring.
The three Shareholder Participation Committees represent shareholders living in Anchorage, in Alaska outside Anchorage, and the Lower 48 states and Hawaii. Each Shareholder Participation Committee consists of nine members who are chosen by random drawing from the names of shareholders who indicate an interest in serving. Committee members serve staggered, three-year terms, which begin at the time of selection and expire at the Annual Meeting three years later.
Members must be 18 years of age and a voting shareholder. CIRI board members, CIRI employees, and directors and officers of CIRI non-profit affiliates are not eligible to serve. Shareholder Participation Committee members are compensated $150 for each regularly scheduled meeting. Members are also reimbursed for transportation and other reasonable expenses associated with attending meetings.
If you are interested in serving on one of the committees, please fill out and return the reply card you received in your first CIRI proxy mailings to KPMG LLP. This independent accounting firm will collect the cards returned by mail and those turned in the day of the CIRI Annual Meeting on June 1, 2002. The drawing will be conducted the week following the Annual Meeting. If your name is chosen, you will be contacted to confirm your interest in serving and to provide you with additional information about your committee. New and continuing Shareholder Participation Committee members will be announced in the CIRI Shareholder Update.
CIRI has received a letter registering complaints about, among other things, the use of the term "on occasion" in CIRI's proxy statement in connection with disclosures regarding the use of the Golden Horn Lodge. While CIRI believes the disclosure was legally adequate, and actually exceeded what was required by law, CIRI would like to note that during the summer months in 2001, AIC allowed CIRI (as well as other companies and persons) to use the Golden Horn Lodge for meetings and business entertainment. CIRI anticipates that AIC will make the lodge available to CIRI again in 2002.
Deciding Your Corporations Future
One of the most important responsibilities of being a CIRI shareholder is to select well-qualified people to serve, on your behalf, on the CIRI Board of Directors to oversee the direction of the company.
Your CIRI Board is endorsing:
Your vote to choose five directors to the CIRI board will decide the future of the company. Now it is your responsibility as a shareholder to make some important decisions. Vote for five board members you feel are the most qualified, knowledgeable and committed to continue the growth of the company.
HAVE YOU MAILED OR FAXED YOUR CIRI PROXY?
Your Proxy Must be Received by 5 p.m. Friday, May 24, 2002
Please mail or fax your completed proxy form today. You may fax your proxy to (907) 263-5186 or (907) 263-5183. Please call CIRI Shareholder Relations department at (907) 274-8638 (or toll-free at 1-800-764-2474) to confirm your fax was received.