Sitnasuak Holds Forty-Sixth Annual Meeting
Sunrise behind Front Street in Nome.
Sitnasuak Native Corporation (SNC) recently held its forty-sixth annual meeting. 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 percent 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 forty-ninth annual meeting:
- Becka Baker
- Louie Green, Jr.
- Charles (Buzz) Fagerstrom
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. Bobby Bahnke, Sr. was recognized as the 2019 Elder of the Year for SNC.
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. 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.”
Become an Industry Sponsor
In This Issue
The Corporate 100
Alaska Business has been celebrating the corporations that have a significant impact on Alaska’s economy since 1993. At the time, the corporations weren’t ranked as the list didn’t have specific ranking criteria. Instead, the Alaska Business editorial team held long, detailed, and occasionally passionate discussions about which organizations around the state were providing jobs, owned or leased property, used local vendors, demonstrated a high level of community engagement, and in general enriched Alaska.