Support Local Journalism. Join Riverfront Times Press Club.

Thursday, March 21, 2013

Peabody Energy Holds Shareholder Meeting in Wyoming: Trying to Escape St. Louis Protests?

Posted By on Thu, Mar 21, 2013 at 8:00 AM

click to enlarge They can protest, but Peabody won't be in town to hear 'em. - VIA FACEBOOK
  • via Facebook
  • They can protest, but Peabody won't be in town to hear 'em.

Critics of Peabody Energy have become quite good at making a scene at their protests of the corporation headquartered in St. Louis. And that might just be why Peabody is going to be holding its annual meeting for shareholders 1,000 miles away in Gillette, Wyoming.

At least that's the theory of Missourians Organizing for Reform and Empowerment, an activist group that caught wind of the corporation's location choice this week. It is the first time the company has ever held the event outside of St. Louis.

"It's clear that they would rather run and hide in Gillette," MORE organizer Arielle Klagsbrun tells Daily RFT, "than be in the place where they like to say they are such good corporate citizens."

Peabody officials, however, have a different explanation.

The Wyoming location -- the first non-St. Louis location since Peabody became a publicly traded entity in 2002 -- is disclosed in an annual report dated yesterday and available online. It says only that the annual meeting for shareholders will be Monday, April 29, at 4 p.m. at Gillette College in Wyoming.

click to enlarge Peabody protester getting arrested in St. Louis. - VIA FACEBOOK
  • via Facebook
  • Peabody protester getting arrested in St. Louis.

Contacted about the accusations that this was a deliberate move to avoid protests, Peabody officials sent Daily RFT a statement, describing the Wyoming location as a strategic one. Vic Svec, a spokesman for Peabody, writes:

Peabody Energy is pleased to announce that the company is holding its annual meeting in Gillette, Wyo., in recognition of Peabody's leading position in coal sales and reserves in the Southern Powder River Basin. The meeting location also allows Peabody to showcase its North Antelope Rochelle Mine, the world's largest and most productive coal mine.

Peabody says it periodically holds meetings of its board of directors in locations where the company has no operations and adds that this location allows the corporation "to highlight the importance of America's largest coal region, which is one of the great energy centers of the world."

Continue for response from MORE and additional photos.

Tags: , ,

Support Local Journalism.
Join the Riverfront Times Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.

Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.

Join the Riverfront Times Club for as little as $5 a month.

Read the Digital Print Issue

January 19, 2022

View more issues


Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Best Things to Do In St. Louis

© 2022 Riverfront Times

Website powered by Foundation