SkyWest Airlines 2010 Annual Report Download - page 172

Download and view the complete annual report

Please find page 172 of the 2010 SkyWest Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 176

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176

For these reasons, the Board does not believe adopting a majority voting standard for director
elections is in the best interests of the Company or its shareholders at this time. However, the Board
will continue to assess developments in director voting standards, and remains committed to
maintaining the high standards in corporate governance that the Board has demonstrated to date.
Required Vote
Approval of the Teamsters Proposal requires that the number of votes cast at the Meeting, in
person or by proxy, in favor of the proposal exceeds the number of votes cast in opposition to the
proposal.
The Board Recommends that Shareholders vote AGAINST the Teamsters Proposal.
SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE
The Company’s executive officers, directors and 10% shareholders are required under Section 16
of the Securities Exchange Act of 1934, as amended, to file reports of ownership and changes in
ownership with the Securities and Exchange Commission. Copies of these reports must also be
furnished to the Company.
Based solely on a review of copies of reports furnished to the Company, or written representations
that no reports were required, the Company believes that during 2010 its executive officers, directors
and 10% holders complied with all filing requirements of Section 16 of the Securities Exchange Act of
1934, as amended.
SHAREHOLDER PROPOSALS FOR THE 2012 ANNUAL MEETING OF SHAREHOLDERS
If any shareholder intends to present a proposal to be considered for inclusion in the Company’s
proxy material in connection with the Company’s 2012 Annual Meeting of Shareholders, the proposal
must be in proper form (per SEC Regulation 14A, Rule 14a-8—Shareholder Proposals) and received by
the Secretary of the Company on or before October 16, 2011. Shareholder proposals to be presented at
the 2012 Annual Meeting of Shareholders which are not to be included in the Company’s proxy
materials must be received by the Company no earlier than November 15, 2011, nor later than
December 16, 2011, in accordance with the procedures set forth in the Company’s Bylaws.
DELIVERY OF DOCUMENTS TO SHAREHOLDERS SHARING AN ADDRESS
In instances in which multiple holders of the Common Stock share a common address and are the
beneficial owners, but not the record holders, of those shares of Common Stock, the holders’ banks,
brokers or other nominees may only deliver one copy of this Proxy Statement and the Company’s
2010 Annual Report to Shareholders, unless the applicable bank, broker or nominee has received
contrary instructions from one or more of the shareholders. The Company will deliver promptly, upon
written request, a separate copy of this Proxy Statement and the Company’s 2010 Annual Report to
Shareholders to any shareholder at a shared address to which a single copy of the documents was
delivered. A shareholder who wishes to receive a separate copy of this Proxy Statement and the
Company’s 2010 Annual Report to Shareholders should submit a request in writing to Eric D.
Christensen, Corporate Secretary of the Company, 444 South River Road, St. George, Utah 84790.
Beneficial owners sharing an address who are receiving multiple copies of proxy materials and annual
reports and who wish to receive a single copy of such materials in the future will need to contact their
broker, bank or other nominee to request that only a single copy of each document be mailed to all
shareholders at the shared address in the future.
50