Alaska Air Group Elects Three to Board.SEATTLE--(BUSINESS WIRE)--May 18, 1999-- Shareholders of Alaska Air Group (NYSE NYSE See: New York Stock Exchange :ALK ALK Alkohol (German: alcohol) ALK Alkaline ALK Anaplastic Lymphoma Kinase ALK Automatisierte Liegenschaftskarte ALK Activin Receptor-Like Kinase ALK Alkylation ALK Srilankan Airlines (ICAO code) ) reelected three members to the board of directors at the company's annual meeting here today. Reelected to the board were Byron I. Mallott, Patricia Q. Stonesifer and Richard A. Wien. Mallott, executive director of the Alaska Permanent Fund The Alaska Permanent Fund is a constitutionally established Fund, managed by a semi-independent corporation, established by Alaska in 1976. Shortly after the oil from Alaska’s North Slope began flowing to market through the Trans-Alaska Pipeline System, the Permanent Fund was Corporation, has been a director of Alaska Air Group since 1982. Recently appointed to the board of directors of the 12th Federal Reserve District Federal Reserve District (Reserve district or district) One of the twelve geographic regions served by a Federal Reserve Bank. , Federal Reserve Bank, San Francisco, Mallott also serves as a director of Horizon Air. Stonesifer was appointed a director of Alaska Air Group in 1998. Formerly a senior vice president of Microsoft, Inc., she is president and chairman of Gates Learning Foundation, Redmond, Wash. She also serves on the boards of Alaska Airlines, Amazon.com, Inc., Kinko's, Inc. and the Fund for America's Libraries. Wien, chairman and chief executive officer of Florcraft, Inc., Fairbanks, Alaska, has been a director of Alaska Air Group since 1982. A former executive with both Wien Airlines and Era Aviation, he is also a director of Horizon Air, National Bank of Alaska National Bank of Alaska (originally known as Bank of Alaska) was Alaska's largest financial institution for the latter part of the 20th century. In 2000, it was subsumed into Wells Fargo. Bank of Alaska was founded in 1916 by Andrew Stevenson in Skagway, Alaska. and Usibelli Coal. In other business, Robert L. Parker, Jr., announced his resignation from the board, effective today. Parker, president and chief executive officer of Parker Drilling Company Parker Drilling (abbreviated PKD; NYSE: PKD) is an American offshore oil rig owner, which provides drilling services on land and offshore including drilling rigs, project management and rental tools to the energy industry. , Tulsa, Oklahoma, has served on the Alaska Air Group board since 1975. "We deeply appreciate Bobby's many years of dedicated service to our company and to its shareholders," said John F. Kelly, Chairman, President and Chief Executive Officer of Alaska Air Group. "His contributions to Alaska Air Group have been legion. Bobby has truly earned the enduring respect and admiration of all us who have had the privilege of working with him." Two ballot proposals were also approved by shareholders. One is a long-term incentive equity plan for key employees and officers of the company. The plan is designed to promote profitability and shareholder value by aligning executive compensation with company performance. The other proposal amends the company's certificate of incorporation certificate of incorporation n. some states issue a certificate to prove a corporation's existence upon the filing of Articles of Incorporation. In most states the Articles are sufficient proof. to increase authorized common stock. Alaska Air Group is the parent company of Alaska Airlines and Horizon Air Industries. Alaska and Horizon serve more than 70 cities in Alaska, Canada, Mexico and seven Western states. |
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