February 27, 2008 - 3:55 PM EST
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GLDD 5.37 -0.19
Today 5d 1m 3m 1y 5y 10y
Great Lakes Dredge & Dock Corporation Announces Date for Annual Stockholders Meeting
Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition services, today announced that its 2008 Annual Meeting of Stockholders will be held on May 14, 2008 at 10:00 A.M. at the Renaissance Hotel, 2100 Spring Road, Oak Brook, Illinois 60523 for the following purposes:
1. To elect three directors to serve for three-year terms or until their respective successors are elected and qualified;
2. To ratify Deloitte & Touche LLP as the independent auditor of the Company for the fiscal year ending December 31, 2008; and
3. To transact such other business as may properly come before the meeting or any adjournments thereof.
The Board of Directors also set the close of business on April 1, 2008 as the record date for holders of the Company’s common stock entitled to notice of and authorized to vote at such Annual Meeting.
The date of the 2008 Annual Meeting of Stockholders represents a change of more than 30 days from the anniversary of the Company’s 2007 Annual Meeting of Stockholders. As a result, pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as amended, and in compliance with the Company’s Bylaws, the Company has set a new deadline for the receipt of any stockholder proposals submitted pursuant to Rule 14a-8 for proposed inclusion in its proxy materials for the 2008 Annual Meeting of Stockholders. The new deadline for submitting stockholder proposals to the Company for the 2008 Annual Meeting of Stockholders is the close of business on March 10, 2008. Any such stockholder proposal must be submitted in accordance with the Company’s Bylaws and must be related to matters appropriate for stockholder action and be consistent with the rules and regulations of the Securities and Exchange Commission (including Rule 14a-8 of the Securities Exchange Act of 1934) relating to stockholders’ proposals in order to be considered for inclusion in the Company’s proxy materials for that meeting. Such proposals must be delivered in writing to the Company at: 2122 York Road, Oak Brook, Illinois 60523, Attention: Corporate Secretary. The Company recommends that such proposals be sent by certified mail, return receipt requested. Such proposals may be omitted if not in compliance with all applicable requirements.
Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States and the only U.S. dredging company with significant international operations, averaging 18% of its dredging revenues over the last three years. Great Lakes also owns an 85% interest in North American Site Developers, Inc., one of the largest U.S. providers of commercial and industrial demolition services. Additionally, the Company owns a 50% interest in a marine sand mining operation in New Jersey which supplies sand and aggregate used for road and building construction. Great Lakes has a 117-year history of never failing to complete a marine project and owns the largest and most diverse fleet in the industry, comprised of over 180 specialized vessels.
