Nuvera Communications, Inc.

The proposal requests that the Board take steps to arrange for the prompt sale of Nuvera Communications to the highest bidder. The proponent argues that Nuvera’s significant investment in its Gig Cities project has not been reflected in the company’s stock price and that industry consolidation could allow shareholders to realize a meaningful premium via a sale. The proposal cites the elimination of the company’s cash dividend and prolonged poor stock performance as factors supporting a review of whether continued independence is in shareholders’ economic interests.