Forum for Shareholders of Crowley Maritime Corporation

Forum Home Page

Resolution of Shareholder Interests

In March 2007, the controlling shareholder of Crowley Maritime offered $2,990 per share to buy out public investors, a price equal to 258% of the last traded price of shares when the Forum started in April 2004.

Crowley Home Page

Crowley Archive Reference

 

Withdrawal of Shareholder Proposal

(March 11, 2005)

Copied below is the text of a March 11, 2005 letter from James A. Smith, withdrawing his December 14, 2004 shareholder proposal based on recent developments that would make it inappropriate for him to present the resolution to shareholders.

 

[letterhead]

James A. Smith
P.O. Box #471922
San Francisco, CA 94147
 

 

March 11, 2005

 

 

By fax and certified mail

 

Crowley Maritime Corporation

155 Grand Avenue

Oakland, California 94612

Attention: Corporate Secretary

 

 

Dear Sir:

 

            Recent developments would make it inappropriate for me to present the proposal I submitted on December 8, 2004 for inclusion in your proxy statement for the next meeting of shareholders.  I therefore withdraw the proposal and my request for its inclusion in the proxy statement.

 

            A copy of this letter is being sent to the Office of Chief Counsel of the SEC Division of Corporation Finance to inform them of my proposal’s withdrawal, so that the SEC Staff will not needlessly spend time reviewing it.

 

            Please let me know if you require any additional information or statements from me.

 

 

Very truly yours,

 

 

 

James A. Smith

 

 

cc:        Office of Chief Counsel, Division of Corporation Finance of the Securities and Exchange Commission < cfletters@sec.gov >

 

 

The Forum is open to all Crowley shareholders, whether institutional or individual, and to any fiduciaries or professionals concerned with their investment decisions.  Its purpose is to provide shareholders with access to information and a free exchange of views on issues relating to their evaluations of alternatives, as described in the Forum Summary.

There is no charge for participation.  As stated in the Conditions of Participation, participants are expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants.  It is a Forum rule that participants will not be identified or quoted without their explicit permission.

Inquiries and requests to be included in the Forum's distribution list may be addressed to cwlm@shareholderforum.com.

All material on this web site is published by Gary Lutin, who is responsible for conducting the Forum.