Business Context and Reporting Period
This Form 6-K filing by Copa Holdings, S.A. is dated November 3, 2006. The document serves as a notice of an Extraordinary General Meeting of Shareholders scheduled for December 5, 2006, at the company's headquarters in Panama City, Panama.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a corporate governance notice and does not contain financial statements or performance data.
Material Changes
No material financial changes versus a prior comparable period are reported in this document.
Corporate Actions and Governance
The primary purpose of the meeting is to approve the nomination of Alfredo Arias Loredo as an independent director to hold office until the 2008 annual shareholders' meeting. Mr. Arias Loredo is the former Executive Vice President of Cerveceria Nacional and currently serves on the boards of Compañía Nacional de Seguros and Banco del Istmo S.A. He holds a B.S. in Mechanical Engineering and an M.S. in Industrial Management from the Georgia Institute of Technology.
Record holders of Class A common stock as of October 19, 2006, are entitled to notice. Under the company's Amended Articles of Incorporation, Class A shareholders have granted a general proxy to the Chairman of the Board to vote their shares. Unrevoked proxies will be voted in favor of the nomination.
Key Facts for Investor Verification
- Meeting Date: December 5, 2006, at 11:00 a.m. Panama time.
- Proposed Action: Election of Alfredo Arias Loredo as an independent director.
- Record Date: October 19, 2006.
- Voting Mechanism: General proxy granted to the Chairman unless revoked in writing at least 10 days prior to the meeting.
- Financial Data: None included in this specific filing.