BRISTOL, Tenn., Feb. 15, 2018 /PRNewswire/ -- Alpha Natural Resources Holdings, Inc. and ANR, Inc. today announced that their planned capital streamlining has secured the necessary stockholder approvals at the companies' joint annual meeting in New York. The reclassifications became effective upon the companies' filing of amendments to their respective charters.
Stockholders expressed their overwhelming approval of the Central Appalachian coal producer's proposal to exchange shares of the existing classes and series of stock for new shares at specified exchange ratios. Following stockholder approval and the effectiveness of the reclassifications, Alpha Natural Resources Holdings will have a single trading class of common stock and ANR will have two classes of common stock, one of which will trade.
Alpha also announced that two new members of the Board of Directors were elected. W. Douglas Blackburn, Jr. and Daniel J. Geiger assumed the positions, effective immediately. Blackburn has been the managing member of Blackacre LLC since 1992, after holding various positions of increasing responsibility at several coal companies. Geiger has been the managing member of D.J. Geiger and Co., LLC, a mining consulting firm, since July 2010, after serving as Chairman and CEO of Lexington Coal Company and Vice President, Engineering of the James River Coal Company. Independent Directors Harvey L. Tepner and John E. (Jack) Lushefski and Alpha CEO David Stetson were returned to the board with Stetson again elected as Chair.
About Alpha Natural Resources
Alpha Natural Resources has affiliate mining operations in seven counties in West Virginia, and supplies metallurgical coal to the steel industry and thermal coal to generate power. ANR has offices in Bristol, Tennessee, and Julian, West Virginia, which support approximately 20 active mining operations. Alpha is committed to being a leader in mine safety and an environmental steward in the communities where its affiliates operate. For more information, visit Alpha's website (www.alphanr.com).
SOURCE Alpha Natural Resources