Sealaska’s board of directors announced its approval today of a shareholder bereavement benefit to provide support for its shareholders after the loss of a loved one. This program is a result of Sealaska’s growing financial strength and ongoing feedback from shareholders in support of meaningful benefits that make a difference in shareholders’ lives and reflect our Native values of helping one another through challenging times.
The bereavement program becomes effective May 7, 2018 and includes a benefit of up to $1000 for original shareholders that pass away. All other deceased shareholders would receive benefit amounts based on the number of voting shares they have at the time of their death, up to a maximum payment of $1,000. Benefit payments will be made to the deceased shareholder’s estate or mortuary.
“This is a benefit that the board has discussed for decades and our shareholders have asked for, telling us it would make a difference through a difficult time after the loss of a loved one,” said Sealaska Board Chair Joe Nelson.
“Adding $10 million to our scholarship endowment and the addition of this bereavement benefit are ways we are making investments today that will continue to make a difference for years to come,” he said.
The bereavement program is a new benefit that can finally be added by Sealaska as a result of the company’s success and steady growth over the last five years.
“The success of our businesses over the last five years is opening new opportunities for us to provide added value to our shareholders,” said Sealaska CEO Anthony Mallott.
Shareholders can learn more about the program on MySealaska.com and download applications on or around June 25, 2018. They can also request an application via email to firstname.lastname@example.org. Sealaska will begin accepting applications on that same date.