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,m <br /> ! <br /> <br />COON RAPIDS DEVELOPMENT COMPANY <br />PARTNERS IN PROGRESS <br /> <br />January 17, 1985 <br /> <br />Dear Shareholder: <br /> <br />m <br /> <br />The Coon Rapids Development Company Board of Directors is utilizing the same <br />process for the selection of the nominees to fill the vacancies on the Board as <br />was used in 1984. This process offers each of us an opportunity to participate <br />in the active management of our company. The policies are summarized as <br />follows: <br /> <br />'1 <br /> I <br /> I <br /> I <br /> I <br /> I <br /> <br />All shareholders will be contacted in advance of the Shareholders Meeting to <br />solicit for the Board of Directors any additional agenda items which would <br />require action at the Shareholders Meeting. <br /> <br />The initial solicitation of nominees for Board positions would be made by a <br />Nominating Committee composed of two current Board of Directors and three <br />shareholders. <br /> <br />The Board of Directors has agreed to vote those proxies either not returned <br />or representated at the Annual Shareholders Meeting in the same manner as <br />the majority vote of the shareholders represented at the regular meeting <br />either by proxy or in person. <br /> <br />Relative to these policies, the Coon Rapids Development Company established a <br />Nominating Committee per the above guidelines. The Nominating Committee met and <br />established a slate of names to fill the three vacancies on the Board for 1985. <br />The three positions will each be for a three-year period. The following share- <br />holders have indicated to the Nominating Committee their willingness to serve on <br />the Board of Directors: <br /> <br />m <br /> <br />Steven C. King <br />Karen Rosar <br /> <br />Donald E. Hubmer <br />Kevin Riba <br /> <br />James Bock <br />A1Hamel <br /> <br />The Nominating Committee is requesting that if any shareholder has an additional <br />nominee to add to this list or if you h'ave any items that you would like to have <br />discussed at the Annual Shareholders Meeting, please contact Connie Hills or <br />Mary Czech by January 25, 1985, between the hours Of 8:00 A.M. and 4:30 P.M., <br />Monday through Friday at 780-8681. <br /> <br />Any additional nominee for the Board of Directors will be contacted and asked if <br />they wish to serve. If they do wish to serve, they will be listed as a nominee <br />on the official p[oxy and/or ballot. <br /> <br />The proxies and information for the 1985 Shareholders Meeting will be mailed to <br />each shareholder the first week of February, 1985. <br /> <br />Sincerely, <br /> <br />BOARD OF DIRECTORS <br />COON RAPIDS DEVELOPMENT COMPANY <br /> <br />9541 Foley Boulevard, Coon Rapids, Minnesota 55433 (612) 780-8681 <br /> <br /> <br />