September 24, 2021

Annual Meeting of Common Shareholders: 9:30am (local)

Sheraton Milwaukee Brookfield Hotel

375 S. Moorland Road

Brookfield, Wisconsin

Teleconference*: (800) 437-2398

Confirmation Code: 9664905

Copies of the script and presentation given by management are available below. 

CIB Marine’s Second Amended and Restated Articles of Incorporation have been approved.

CIB Marine’s common and preferred shareholders voted to approve the adoption of the Amended & Restated Articles of Incorporation at their respective meetings held on September 24, 2021.  Of votes cast, 95% common and 100% preferred were in favor of adoption of the amended articles.  This action clears the way for the commencement of preferred stock mandatory redemptions as outlined in the Proxy Statements issued in connection with the meetings.  

All four of the Company’s candidates nominated to its Board of Directors were also reelected.  Messrs. Mark Elste, Mark Henderson, Charles Mires, and Ron Rhoades will all serve an additional three-year term.

The Company will now move forward with the $18 million initial redemption of pro-rata preferred shares, which is expected to occur in October.  All redemptions will be at a price of $825 per share, for both A and B shares, which is a 3% discount to the carrying value, and a 17.5% discount to liquidation preference value. 

Meeting Materials

Date Posted	Document Description
September 24, 2021	Press Release
September 24, 2021	2021 Annual Meeting - Final Voting Results
September 24, 2021	2021 Annual Meeting - Management Presentation Script
September 24, 2021	2021 Annual Meeting - Presentation Slides
August 13, 2021	Proxy Statement
July 29, 2021	Shareholder Letter
July 26, 2021	Press Release
May 19, 2021	May 19, 2021 Meeting - Presentation Slides
May 17, 2021	Press Release
April 27, 2021	Press Release
April 27, 2021	Shareholder Letter