It’s not often that a $56 billion company decides to have its board of directors, executive team and shareholders meet in a small town of 15,000.
But that’s indeed the case of Caterpillar Inc., which is meeting Wednesday in Corinth.
“In recent years, we’ve tried to have our shareholders meetings where we have facilities,” said Caterpillar spokeswoman Rachel Potts. “It gives our board as well as executive officers to see these facilities, and our shareholders to also learn more about them.”
Corinth is home to some of Caterpillar’s Remanufacturing operations, employing some 1,200 employees. Caterpillar also employs about 500 people in facilities in Booneville, Oxford and Water Valley.
About 200 are expected to attend the meeting in the morning. That is a combination of shareholders, board members, officers of the company, employees from the Reman facilities and support staff