SOURCE: Corrections Corporation of America

March 28, 2007 18:07 ET

Corrections Corporation of America Announces Date for 2007 Annual Meeting of Stockholders

NASHVILLE, TN -- (MARKET WIRE) -- March 28, 2007 --Corrections Corporation of America (NYSE: CXW) announced today that it will hold its 2007 Annual Meeting of Stockholders at 10:00 a.m. Central Time on Thursday, May 10, 2007 at the Company's corporate headquarters, 10 Burton Hills Boulevard, Nashville, Tennessee. The record date for common stockholders entitled to notice of, and to vote at, the annual meeting has been set for Friday, March 16, 2007. The matters to be considered at the meeting include a new stock incentive plan and an amendment to the Company's charter to increase the number of authorized shares, and are further described in the Company's definitive proxy statement that was filed with the Securities and Exchange Commission on March 27, 2007.

About the Company

The Company is the nation's largest owner and operator of privatized correctional and detention facilities and one of the largest prison operators in the United States, behind only the federal government and three states. The Company currently operates 64 facilities, including 40 company-owned facilities, with a total design capacity of approximately 72,000 beds in 19 states and the District of Columbia. The Company specializes in owning, operating and managing prisons and other correctional facilities and providing inmate residential and prisoner transportation services for governmental agencies. In addition to providing the fundamental residential services relating to inmates, the Company's facilities offer a variety of rehabilitation and educational programs, including basic education, religious services, life skills and employment training and substance abuse treatment. These services are intended to reduce recidivism and to prepare inmates for their successful re-entry into society upon their release. The Company also provides health care (including medical, dental and psychiatric services), food services and work and recreational programs.

The Company takes no responsibility for updating the information contained in this press release following the date hereof to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events or for any changes or modifications made to this press release or the information contained herein by any third-parties, including, but not limited to, any wire or internet services.

Contact Information

  • Contact:
    Karin Demler
    (615) 263-3005