Goldfield Announces Change to a Virtual Meeting Format for the 2020 Annual Meeting of Stockholders

MELBOURNE, Fla., May 01, 2020 (GLOBE NEWSWIRE) -- The Goldfield Corporation (NYSE American: GV), (“Goldfield” or the “Company”) a leading provider of electrical construction services for the utility industry and industrial customers through its subsidiaries Power Corporation of America, C and C Power Line, Inc., Precision Foundations, Inc., and Southeast Power Corporation, with operations primarily in the Southeast, mid-Atlantic and Texas-Southwest regions of the United States, today announced a change in the format of its 2020 Annual Meeting of Stockholders (“Annual Meeting”) from in-person to a virtual-only meeting format. Due to the emerging public health impact of COVID-19 and to support the health and well-being of the Company’s stockholders, employees and their families, the Company has decided it will hold its Annual Meeting in a virtual meeting format only via webcast. As previously announced the Annual Meeting will be held Friday, May 22, 2020 at 9:00 a.m. Eastern Daylight Time. There were no changes to the Annual Meeting date, time or business items to be addressed, which are described in the Company’s 2020 proxy materials as previously distributed on April 17, 2020.

As described in the Company’s proxy materials previously distributed for the Annual Meeting on April 17, 2020, only the stockholders of record at the close of business on April 2, 2020, the Company’s record date, are entitled to participate in the Annual Meeting.

Attending the Annual Meeting

Stockholders will not be able to attend the Annual Meeting in person. Instead, stockholders should follow the instructions provided below, and in the previously distributed proxy materials, to attend the virtual Annual Meeting. Stockholders who attend the virtual Annual Meeting by following the instructions below will have an opportunity to vote and to submit questions electronically during the Annual Meeting.

Attend live online at www.virtualshareholdermeeting.com/GV2020. If you were a stockholder as of the record date, April 2, 2020, or you hold a valid proxy for the Annual Meeting, you can vote at the Annual Meeting.

A summary of the information you need to attend the Annual Meeting online is provided below:

• Instructions on how to attend and participate via the Internet, including how to demonstrate proof of stock ownership, are posted at www.virtualshareholdermeeting.com/GV2020;
• Assistance with questions regarding how to attend and participate via the Internet will be provided at www.virtualshareholdermeeting.com/GV2020 on the day of the Annual Meeting;
• Webcast starts at 9:00 a.m. Eastern Daylight Time;
• Stockholders may vote and submit questions while attending the Annual Meeting via the Internet;
• You will need your 16-Digit Control Number (provided to you in your proxy materials) to enter the Annual Meeting; and
• The proxy materials for the Annual Meeting are available at www.proxyvote.com. The proxy card and voting instruction form included with the previously distributed proxy materials will not be updated to reflect the change in location of the meeting, but they may continue to be used to vote your shares on the proposals to be presented at the virtual Annual Meeting. Stockholders who have previously voted do not need to take any further action. Only stockholders with a valid 16-digit control number will be able to attend the Annual Meeting and vote and submit questions at the Annual Meeting.

Stockholders