The Sitnasuak Native Corporation (SNC) 46th annual meeting was a success and completed in Nome on November 9, 2019. Shareholders gathered in Nome to celebrate the Corporation’s successes, hear reports, share questions or comments, and vote on three board of directors.
The Inspector of Elections reported a quorum
with 51% of shares represented. After the close of balloting, the Inspector of
Elections reported the following three shareholders were elected to the board
of directors with terms serving through the 49th annual meeting:
The annual meeting opened with breakfast and subsidiary information tables sharing updates from Sitnasuak’s family of businesses. A blend of dancers and drummers from the Ugiuvak, Teller and Nome St. Lawrence Island groups shared traditional songs and dance. Mr. Bobby Bahnke, Sr. was recognized as the 2019 Elder of the Year for SNC.
Mr. Richard Strutz, Interim President and CEO, provided a management report that highlighted the subsidiary updates and major accomplishments during 2019, as well as shareholder benefits including dividends and shareholder discounts with SNC businesses. Mr. Humberto Zacapa, CEO of SNC Technical Services, LLC, presented a video on the operations based in Puerto Rico and reported on the significant growth of the businesses with total sales of $120 million so far in 2019. Overall Sitnasuak is continuing to strategically grow that supports valuable benefits with shareholders and the community.
Dr. Barb Qasuġlana Amarok continues as chair of the board of directors and shared, “The Corporation continues to perform well. The board and management team look forward to addressing shareholder messages, carrying out our strategic plan, and improving opportunities for shareholders.”
About Sitnasuak Native Corporation
SNC is one of the Alaska Native village corporations created in 1971 under the Alaska Native Claims Settlement Act (ANCSA). SNC is headquartered in Nome, Alaska, with operations in Alaska (Nome, Anchorage, Wasilla and Fairbanks), California, Virginia and Puerto Rico. Today, SNC is the largest of 16 village corporations in the Bering Straits region, with over $133 million in annual revenues. SNC is owned by almost 2,900 Alaska Native shareholders.
SNC’s family of businesses and brands include: