Previous Statements by WR
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Our executive team is also seated in the front of the room with our directors, and I’m not going to introduce everybody but I’ll acknowledge that they’re here. Also joining us today is Michael Contreras, the Engagement Partner, and his colleagues from Deloitte & Touche, our independent accounting firm. And they’re right back here in the third row. In addition, Matt Sunseri, President and Chief Executive Officer of Wolf Creek, is here today as well, I believe. There’s Matt in the second row as well. Glad to have you here, Matt.So, let’s begin our business meeting then, and vote on the proposals outlined in the proxy statement. Following the business portion of the meeting, Mark will make a few comments and then respond to your questions. Our business meeting, therefore, is now called to order. I’ve been provided an affidavit attesting to the proper mailing of the proxy and proxy statement to common and preferred shareholders of record as of March 19 th, 2012, and that a quorum is present. Now, most of you have already voted. If this is the case, you don’t need to do anything. You don’t need to cast a ballot during the meeting this morning unless you wish to change your vote. If you have not yet voted or you wish to change your vote, please raise your hand and a ballot will be provided to you. Those ballots will then be collected after all business matters have been considered. So, does anybody need a ballot this morning? Okay. Anybody else? Okay, right here. Everybody have one now that needs one? Very good. We engaged Corporate Election Services to act as the independent proxy tabulator for this meeting, and Mr. Chuck Roberts of Corporate Election Services has been appointed to serve as judge of the election and is present at the meeting, there at the back of the room. The purpose of the meeting is to elect four class one directors for a term of three years, to provide an advisory vote on executive compensation, to ratify and confirm the appointment of Deloitte & Touche as our independent registered public accounting firm for 2012.
The first business matter, proposal one, is the election of four class one directors. The board nominees are myself, R. A. Edwards III, Sandra Lawrence and Michael Morrissey. Information about each director is contained in the proxy statement that each of you would’ve received. Our company’s articles of incorporation allow shareholders to make nominations from the floor at the annual meeting, provided prior written notice is made to our corporate secretary. No such notice was received, therefore there being no other nominations I declare that the nominations are closed. The board has recommended that you vote for all four of the nominees.The next matter, proposal two, is an advisory vote on executive compensation. It was described again in the proxy statement, and the board has also recommended that you vote for this proposal. The last business matter to consider, proposal three, is the ratification and confirmation of the appointment of Deloitte & Touche as our independent registered public accounting firm for 2012. Again, the board has recommended that you vote for this proposal. If you haven’t already voted, please mark your ballots now and vote on all proposals. After you complete marking your ballot, please fold it in half and hand it to one of the ushers. Are there still ballots to be collected? Okay. Are there any other ballots to be collected? If not, I declare the polls closed for each matter voted upon at this meeting. I will pause for a few moments while Mr. Roberts reviews the ballots. Read the rest of this transcript for free on seekingalpha.com