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Attempt fails to recall Calista board

Posted: Tuesday, June 05, 2001

ANCHORAGE (AP) -- An attempt failed over the weekend to recall the Calista Native Corp.'s board of directors.

Just 17 percent of Calista's shareholders voted for the recall at the company's annual meeting in Russian Mission. The resolution needed a vote of 51 percent of all shareholders to be successful.

Proxy votes handled by the directors probably helped defeat the measure, said board member Arvin Dull.

Dull has complained about the proxy materials. He said the materials claimed all board members opposed the measure, even though the board never voted on that issue. Dull has filed a complaint with the state's securities regulators.

Shareholder George Smith of Scammon Bay started the recall effort after the corporation tried to secure grant money that usually goes to the local tribes through the Association of Village Council Presidents. Calista did not secure the housing grant.



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