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.”
In This Issue
Spreading the Word
When Bristol Bay Native Corporation (BBNC) first aired TV commercials featuring the tagline, “A Place That’s Always Been,” the reaction was surprising. Not only because they received numerous accolades and marketing awards for the campaign but because, at the time, it was rare for Alaska Native corporations to market themselves through the media.