Doyon Reaches 60 Percent Voter Participation in 2018 Board Election
Doyon, Limited recently completed another annual meeting and board election. This year, Doyon is proud to announce that quorum was reached one business day after the early bird deadline. Quorum is defined as 50 percent of all eligible voting shareholders plus one vote. In addition, Doyon reached its goal of 60 percent participation by the annual meeting deadline – this is nearly 4 percent more than last year!
Some changes to this year’s voting process included shareholders’ ability to opt-in to receive annual meeting and proxy materials via email. Removing the personal identification number simplified the online voting process, and all annual meeting and proxy materials were available electronically on the eProxy website for easy shareholder access.
The changes appeared to be a success, as nearly twice the number of shareholders voted online this year compared to last year. In addition, more than 2,000 voting shareholders signed up for electronic delivery of annual meeting materials.
Another benefit of the changes was significant savings in printing and mailing costs. Electronic delivery saved an immense amount of paper, while also reducing Doyon’s postage costs. Shareholders can help increase these savings by opting in for electronic delivery, and also by voting before the early bird deadline, reducing Doyon’s need to mail a proxy reminder to shareholders. To sign-up for electronic delivery of future annual meeting materials, visit www.doyon.com/forms.
Doyon looks forward to continuing the upward trend in voting shareholder participation, and thanks shareholders for their support.