Record copy REMARKS BY E. W. LITTLEFIELD, PRESIDENT & GENERAL MANAGER, UTAH CONSTRUCTION & MINING CO. TO STOCKHOLDERS AT ANNUAL MEETING FEBRUARY 15, 1966 THANK YOU, MR. CHAIRMAN, LADIES AND GENTLEMEN: Before introducing the directors of your company who are with us today, I would like to say a special word on their behalf. The directors of this company are an unusually diligent group. Prior to each Board meeting they receive and read thoroughly around 100 pages of written material pertaining to the affairs of the company. The meetings themselves usually la3t from 10:00 o'clock in the morning until at least 5:30 in the evening, and they show no hesitancy in probing into the affairs of the company and in causing management to justify their actions and recommendations to the full satisfaction of the directors. Attendance at meetings is unusually high with 100% attendance being the norm for regularly scheduled meetings and the absences from these meetings over the past two years could certainly be counted on one hand. Whether this high degree of attendance is because the directors find the meetings interesting or because the directors and members of their families for the most part have a heavy stockholding interest in the company, or because they are fearful of leaving those of us in fulltime management unmonitored, I cannot say. Let me first introduce to you the Chairman of the Board and the presiding officer at this meeting, who has served this company as a director