Sealaska tribal member shareholders gathered today for the corporation’s 39th annual meeting in Juneau, Alaska.
It has been 40 years since the Alaska Native Claims Settlement Act (ANCSA) was approved by Congress. ANCSA created 12 regional Native corporations including Sealaska. Tribal member shareholders gathered for the 39th annual meeting in Juneau on Saturday, June 23, 2012.
Approximately 57.2% of Sealaska shareholders participated in the election deciding on five board seats and a resolution.
Shareholders voted to retain five incumbent directors including Albert Kookesh, Barbara Cadiente-Nelson, Bill Thomas, Joe Nelson and Tate London.
Sealaska board youth advisor Ralph Wolfe offered final comments as his one-year term ended at the annual meeting. Madeline Soboleff-Levy was selected to serve as the 2012-2013 board youth advisor.
Approximately 400 tribal member shareholders and guests attended the meeting in person with another 420 households participating via live webcast.
The board of directors re-elected Senator Albert M. Kookesh to serve as board chair and Dr. Rosita Worl to serve as board vice chair at a meeting following the annual meeting. Sealaska management were also renewed by the board including: Chris E. McNeil Jr., president and CEO; Rick Harris, executive vice president; Doug Morris, vice president and chief financial officer; Anthony Mallott, chief investment officer and treasurer; Jaeleen Araujo, vice president and general counsel; and Nicole Hallingstad, vice president and corporate secretary.
2012 Annual Meeting Election Results
1 004 184
Edward Sarabia, Jr.
Shareholder Resolution: Term Limits for the Board of Directors Shall Sealaska Corporation amend Bylaw Section 3.1 to establish term limits for directors of four complete three-year terms, with permanent ineligibility thereafter?
This resolution will be adopted if approved by a majority of the outstanding voting shares of Sealaska Corporation.
Requires majority to pass or 983,621 or 50% of shares outstanding + 1 share.