Horizon Lines, Inc. announced that shareholders at the company's annual meeting yesterday re-elected three Class I directors, approved the company's 2009 Incentive Compensation and Employee Stock Purchase plans and ratified the appointment of Horizon Lines' public accounting firm.
Approximately 90% of company's 30.8 million shares outstanding were represented in the voting, which was open to shareholders of record as of April 13, 2009.
Additionally, the Board of Directors re-elected Chief Executive Officer Charles G. Raymond, 65, as its chairman. "We are gratified that our shareholders overwhelmingly approved all of the proposals put before them,"
Mr. Raymond said. "We also are honored that our board continues to be represented by dedicated individuals with significant industry experience, organizational leadership and financial expertise."
During the annual meeting, shareholders re-elected Class I directors James G. Cameron, Alex J. Mandl, and Norman Y. Mineta. Mr. Cameron, 63, has served as a director since July 2004 and was previously an executive with Statia Terminals Group N.V. Mr. Mandl, 65, has served as a director since June 2007 and has been the Chairman of Gemalto, a global leader in digital security, since December 2007. Mr. Mineta, 77, a director of the company since 2006, served as Secretary of Transportation under President George W.
Bush, and as Secretary of Commerce under President Bill Clinton. He currently is Vice Chairman of Hill & Knowlton, one of the world's premier communications consultancies.