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Shareholder Voting for 2005 Annual Meeting
The 2005 annual meeting of
Crowley Maritime Corporation shareholders has not been scheduled. If
management follows the schedule for the company's
2004 meeting, a proxy statement with the date and other information
about the meeting would be filed with the SEC and distributed to
shareholders in April 2005.
A shareholder proposal was submitted to the company by James A. Smith of
Miramar Partners on December 14, 2004
pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as amended, for
inclusion in the company's proxy statement for the 2005 meeting, but was
withdrawn by the proponent on March 11, 2005
when developments made it inappropriate for him to present the resolution to
shareholders. The proposed resolution was for a shareholder determination that the company's
directors did not meet applicable standards of conduct for corporate
indemnification required by provisions of the
Delaware General Corporation Law in relation to claims asserted in a
recently commenced shareholder "Derivative
Lawsuit."
Management's control of 76% of the votes, mostly through trusts, may be
used to decide matters presented at the meeting. However, to the
extent that the controlling shareholder is bound to act as a fiduciary for
trust beneficiaries or minority shareholders, or is unable to vote as an
interested party, minority shareholder votes could influence or determine
the results of voting issues.
NOTE: Neither the Forum nor anyone associated with its conduct is
soliciting proxies or willing to accept proxies if offered. Based on
available information, only the company’s management intends to solicit proxies.
Instructions for voting for or against the issues being presented at the
meeting, or for changing those votes at any time prior to the meeting,
are
provided in the company's proxy statement. |