Doyon Board Election Voting Turnout Results
Doyon, Limited successfully met quorum for the board election on February 21, 2019, less than a week after the early bird proxy deadline. For Doyon, a quorum means that 50 percent plus one vote of eligible voting shares must be received by the appropriate deadline in order to hold the annual meeting of shareholders and board election. This year, voting began January 23 and the proxy deadline was on March 12. Shareholders could also vote in person at the annual meeting on March 15 in Fairbanks.
“I am happy to report that we ended the board election with a quorum of 60 percent. That was slightly lower than last year’s quorum number, but we are very pleased all the same, given that we have had two strong years after a long-term declining trend in voter participation,” said Aaron Schutt, Doyon’s president and CEO. “Thank you to each of the shareholders who took the time to vote in the election. I hope that the quorum number continues to increase in the years to come.”
Doyon continues to encourage shareholders to sign up for electronic delivery of annual meeting materials and to vote online via eProxy during the election period, which starts in mid-January each year. Opting in to receive materials electronically reduces printing and mailing costs for Doyon, and also makes it quick and convenient for shareholders to cast their vote.
Shareholders who wish to receive their annual meeting materials and other Doyon communications electronically, and who wish to vote online via eProxy in future elections, may opt-in to electronic delivery at www.doyon.com/forms.