Shareholders Voted to Enroll Descendants and Leftouts at the 2007 Annual Meeting

At Sealaska’s 34th annual meeting, shareholders voted to issue life estate shares to eligible descendants of original shareholders. Shareholders also voted to issue life estate shares to "Leftouts"--Natives who were originally eligible in 1971, but did not enroll. A third resolution to issue 100 additional shares of nonvoting, life estate stock to Elders received a majority of voting shares but ultimately did not pass because it did not meet the supermajority voting standard.

“Our shareholders have spoken. Today is a historic day for Sealaska shareholders, descendants, and Leftouts,” said Chairman Albert Kookesh. “This vote is the best expression of what the Alaska Native Claims Settlement Act is about. It’s about our cultural values of togetherness, sharing between generations, inclusion and family that have been passed down by our ancestors.”

These votes come after years of spirited shareholder dialogue and intensive outreach to shareholders, including polling, focus groups and dozens of community meetings.

“I would like to extend the thanks of the Sealaska Board of Directors to all shareholders who voted on these historic resolutions, regardless of how they voted,” said Dr. Rosita Worl, Sealaska vice chair of the board. “The Sealaska Board has heard and listened to this diverse community of shareholder and shareholder descendant opinions. This vote reflects shareholders strong commitment to Native cultural values and ties to our lands. This vote will only make Sealaska a corporation with a stronger Native identity. We look forward to the participation of our new shareholders in Sealaska.”

Resolution Vote Results

	Shares Voted YES	Shares Voted No
Descendants	622,084 (57.23%)	446,213 (41.05%)
Leftouts	620,873 (57.12%)	447,597 (41.18%)
Elders	694,652 (63.91%)*	373,296 (34.34%)

*The Elders resolution DID NOT pass because it required a different voting standard. It needed a majority of the total voting power of the Corporation, or 50%+1 of 1,527,600 shares. The 694,652 YES votes fell short of the 763,801 needed to pass.

Are You Eligible For New Sealaska Stock?
If you think you are a descedant or Leftout who may be eligible for new shares in Sealaska, or if you know someone that could be eligible, please visit our
Applications Page to apply.

To learn more, read the full Sealaska press release.

2007 Annual Meeting Photos
To view photos from this year's annual meeting online, click here.

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