CHARLOTTE, N.C., June 3 /PRNewswire-FirstCall/ -- Horizon Lines, Inc.
(NYSE: HRZ) announced that shareholders at the company's annual meeting
yesterday re-elected three Class I directors, approved the company's 2009
Incentive Compensation and Employee Stock Purchase plans and ratified the
appointment of Horizon Lines' public accounting firm.
Approximately 90% of company's 30.8 million shares outstanding were
represented in the voting, which was open to shareholders of record as of
April 13, 2009.
Additionally, the Board of Directors re-elected Chief Executive Officer
Charles G. Raymond, 65, as its chairman. "We are gratified that our
shareholders overwhelmingly approved all of the proposals put before them,"
Mr. Raymond said. "We also are honored that our board continues to be
represented by dedicated individuals with significant industry experience,
organizational leadership and financial expertise."
During the annual meeting, shareholders re-elected Class I directors James
G. Cameron, Alex J. Mandl, and Norman Y. Mineta. Mr. Cameron, 63, has served
as a director since July 2004 and was previously an executive with Statia
Terminals Group N.V. Mr. Mandl, 65, has served as a director since June 2007
and has been the Chairman of Gemalto, a global leader in digital security,
since December 2007. Mr. Mineta, 77, a director of the company since 2006,
served as Secretary of Transportation under President George W. Bush, and as
Secretary of Commerce under President Bill Clinton. He currently is Vice
Chairman of Hill & Knowlton, one of the world's premier communications
consultancies.
About Horizon Lines
Horizon Lines, Inc. is the nation's leading domestic ocean shipping and
integrated logistics company comprised of two primary operating subsidiaries.
Horizon Lines, LLC, owns or leases a fleet of 21 U.S.-flag containerships and
operates 5 port terminals linking the continental United States with Alaska,
Hawaii, Guam, Micronesia and Puerto Rico. Horizon Logistics, LLC, offers
customized logistics solutions to shippers from a suite of transportation and
distribution management services, information technology developed by Horizon
Services Group and intermodal trucking and warehousing services provided by
Sea-Logix. Horizon Lines, Inc. is based in Charlotte, NC, and trades on the
New York Stock Exchange under the ticker symbol HRZ.
www.horizonlines.com
SOURCE Horizon Lines, Inc.
CONTACT:
Jim Storey
Director, Investor Relations & Corporate Communications
of Horizon Lines, Inc.
+1-704-973-7107
jstorey@horizonlines.com
Web Site: http://www.horizonlines.com