Sitnasuak Annual Meeting

Sitnasuak Native Corporation (SNC) is glad to share the board of directors has set the 44th Annual Meeting of Shareholders in Anchorage, Alaska on Saturday, September 22, at the Anchorage Downtown Hilton. 
 
Doors will open at 8 A.M. and the meeting begins at 10 A.M.  The meeting is an opportunity for Shareholders to gather and celebrate together, hear Corporation updates and reports, ask questions or share comments, and vote on shareholder resolutions and open seats on the board of directors.

Shareholders are encouraged to vote by proxy – which supports early voting as well as those who cannot attend the meeting in-person.  All proxies are due on or before 5:00 pm, Alaska Daylight Time, September 14, 2018.  

To vote by proxy, Shareholders can now vote online at www.sncvote.org (the Shareholder ID and online PIN are located on the proxy card mailed to each Shareholder). 

Shareholders may also return hard copies of proxies to the Inspector of Elections (a business reply envelope was provided in the proxy packet mailed to each Shareholder), or hand deliver to the election deposit boxes located at the SNC offices in Nome or Anchorage.  

Shareholders may also vote in-person by ballot the day of the annual meeting on September 22, 2018 – registration will open at 8:00 am and please request in-person ballots by the close at 11:00 am.

Sitnasuak invites all Shareholders to participate in the annual meeting.  “We look forward to sharing the great progress that our management team is making and hear from Shareholders,” said Sitnasuak President and CEO Bobbi Quintavell. “We encourage every Shareholder to make their voice heard by voting.  This is the time to take an active role in our Corporation’s future by submitting your proxies.”

Gail Schubert, President and CEO of Bering Straits Native Corporation, will be the special guest speaker at the annual meeting. She will address Shareholders on the topic of ANCSA trusts that can significantly benefit both Alaska Native Corporations and Shareholders.

If Shareholders need meeting or proxy information, please contact Marilyn Koezuna-Irelan, Shareholder Relations Manager, at (907) 387-1200 or toll free at 1-877-443-2632 or via e-mail at shareholder@snc.org.

 

New Information for Shareholders - Election Rules for 44th Annual Meeting

The 44th Annual Meeting Election Rules provide that solicitation materials will be posted at the corporate offices for 3-days to give Shareholders an opportunity to review and submit an objection to the Election Judge. Materials are available Monday-Friday from 8am-5pm in both the Nome & Anchorage offices - see the Shareholder Department.  After the Election Judge has considered proposed solicitations, & any objections, they will issue a ruling.

If a candidate, Shareholder, individual or group wishes to distribute solictation material, please submit this form to the election judge.  The period for submission of materials ends at 4:00 PM (Anchorage, Alaska time) on September 17, 2018.

A candidate, Shareholder, individual or group may also submit solictation material for consolidated mailing, please submit this form to the election judge.  Deadlines for consolidation mailing submission are by 4:00 PM (Anchorage, Alaska time) August 1, August 23 and September 1, 2018.

If there is an objection to a solictation material, Shareholders or individuals may submit this form to the SNC Election Judge to express any objections or concerns.

A copy of the election rules and forms are also available in the Nome and Anchorage Shareholder Department offices.

 

Proxy & In-Person Prizes

To encourage voting and help ensure a quorum, the Board of Directors has approved every valid proxy received by September 14 to be eligible for a one-time payment of $25.00 per Shareholder (contingent upon quorum and completion of the 44th Annual Meeting) in addition to be eligible for proxy, early bird and e-voting prizes.  

To be eligible for early bird prizes including 50,000 Alaska Airline miles and cash prizes, valid proxies must be received on or before September 10, 2018.  

To be eligible for proxy prizes including 50,000 Alaska Airline miles, a new ATV (or cash equivalent as determined by SNC) and cash prizes, valid proxies must be received on or before September 14, 2018.  

To encourage online voting, there are additional cash prizes for those Shareholders that submit proxies by e-voting.

For the proxy and e-voting prizes, Shareholders not need be present at the annual meeting to win.

To encourage in-person participation the day of the annual meeting, Shareholders in attendance and present at the annual meeting are also eligible for in-person door prizes.

 

Shareholders will also vote on two very important resolutions:

(1)    That the Corporation shall amend its Articles of Incorporation to set the quorum for Shareholder meetings at one-third of shares outstanding and entitled to vote.

(2)    That the SNC Trust shall be established as an ANCSA Settlement Trust effective September 22, 2018.

The Board of Directors unanimously supports both proposals and recommends voting Yes.  More information on the proposals is included in the proxy packet mailed to each Shareholder.

 

Travel & Parking Discounts for 44th Annual Meeting

Alaska Airlines has offered a Discount Code for airfare to help attend the annual meeting: ECMZ831.  To use the Discount Code, go online to alaskaair.com and input the Discount Code when searching for flights. The discount will be applied to any flights meeting the contract parameters of travel between September 17-25, 2018.

The Anchorage Downtown Hilton has also offered a group discount for hotel rooms: the code is “SNC”. To use the group code, go online to www.hilton.com or call for (907) 272-7411 for reservations and mention the group code.  The hotel has also discounted valet parking the day of the meeting – ask the attendant to apply the Sitnasuak Annual Meeting discount when arriving.  The Board of Directors has also approved Elders (those 65 years and older by the day of the annual meeting) for free valet parking – tickets can be validated by the Shareholder staff at the sign-in table.  The Anchorage Downtown Hilton is located at 500 W 3rd Ave, Anchorage, AK 99501.  Note, there is limited valet parking and it is available on a first-come, first serve basis.

Sitnasuak has also worked with Easy Park for free parking the day of the meeting for Shareholders and their families.  At the self-pay station, enter the parking stall number, select purchase ticket, and then select “Sitnasuak Shareholders” from the digital menus.  Enter up to nine hours of parking with coupon number “092218.”

 

Day of Meeting on September 22

On September 22nd, doors will open at 8:00 am with a welcome breakfast available for Shareholders and their families at the Anchorage Downtown Hilton until 9:45 A.M.  Registration for in-person balloting will be from 8:00 am to 11:00 am the day of the meeting.  The Anchorage King Island Dancers are scheduled to share songs and dance beginning at 9:00 am.  The annual meeting will start at 10:00 am.  Lunch will also be served. 

A Shareholder table will be provided for information on stock wills, gifting shares, scholarships, and other benefits.  Shareholder artists may also request a table to sell arts and crafts – please contact Marilyn Koezuna-Irelan for information at (907) 387-1200.

The meeting will be available for viewing via webcast and accessible to Shareholders at www.snc.org.