Forum for Shareholders of Crowley Maritime Corporation

Forum Home Page

Resolution of Shareholder Interests

In March 2007, the controlling shareholder of Crowley Maritime offered $2,990 per share to buy out public investors, a price equal to 258% of the last traded price of shares when the Forum started in April 2004.

Crowley Home Page

Crowley Archive Reference


Forum Report: May 20, 2004 Annual Shareholders Meeting

(May 21, 2004)


----- Original Message -----
Sent: Friday, May 21, 2004 7:20 AM
Subject: Report of yesterday's annual shareholders meeting

Yesterday's annual shareholders meeting was reportedly uneventful.
The meeting was chaired by the company's CEO, Thomas Crowley, Jr.  Although other directors did not address the meeting, it was reported that at least some of them were seen in attendance.
There was no response to the May 7, 2004 Forum request for board views relating to matters presented for voting.  With management's 76% control of votes, of course, their proposals for director candidates and executive bonuses were approved.
During the discussion period, two family member shareholders expressed concerns about the absence of dividends and the amount of the CEO's compensation compared with other companies.
No public reports of the meeting were found this morning in searches of news databases, SEC filings and the company's web site.  SEC regulations require reporting of voting results in a company's subsequent quarterly Form 10Q, which will be due in August.
             - GL
Gary Lutin
Lutin & Company
575 Madison Avenue, 10th Floor
New York, New York 10022
Tel: 212/605-0335
Fax: 212/605-0325



The Forum is open to all Crowley shareholders, whether institutional or individual, and to any fiduciaries or professionals concerned with their investment decisions.  Its purpose is to provide shareholders with access to information and a free exchange of views on issues relating to their evaluations of alternatives, as described in the Forum Summary.

There is no charge for participation.  As stated in the Conditions of Participation, participants are expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants.  It is a Forum rule that participants will not be identified or quoted without their explicit permission.

Inquiries and requests to be included in the Forum's distribution list may be addressed to

All material on this web site is published by Gary Lutin, who is responsible for conducting the Forum.