Greetings Fellow Shareholders,
It was a pleasure to see everyone in attendance at the 47th Annual Meeting
of Shareholders in Anchorage this past October. We had a very successful
Annual Meeting and I appreciate everyone who was able to attend in person or watch via webcast. A big “thank you” to the staff at The Aleut Corporation for all their behind the scenes work in making the Annual Meeting possible.
The Annual Meeting provides an opportunity for shareholders to
hear firsthand how our corporation is performing including a high-level
financial overview, but most importantly it gives our shareholders a voice in electing representation on the Board of Directors. Thank you to our shareholders who voted in the election as well as those that ran for director. Congratulations to Debra Mack, Gary Ferguson and Kyle Foster for being elected to the Board.
This year’s officers are:
CHAIR: SHARON LIND
VICE-CHAIR: JENIFER NELSON
TREASURER: GARY FERGUSON
SECRETARY: DEBRA MACK
Next year, we will be implementing some positive changes to the Annual
Meeting based on feedback from this year’s meeting. We have new CoChairs for the 2020 Aleut Village Conference (AVC) and we look forward to working with Haliehana Stepetin and Robin Stepetin to make it a very informative and successful gathering. All shareholders and descendants are welcome to attend the two-day AVC regardless of where you live. You do not need to be living in the Aleut region to attend, so please come join us next year and learn from the amazing presentations during the 2020 AVC.
The Board of Directors adopted a financial goal of $350M in revenue and
$25M in profit less 7(i) by 2022. We had a positive FY19 and are on track
to meet our financial goal for 2022. Income before taxes and non-controlling interest is a positive $7.9M for FY2019. Management and the Board are working closely with our subsidiary leadership so that we can continue to provide healthy dividends and opportunities for our shareholders and descendants.
In addition to dividends, The Aleut Corporation provides many
opportunities for our shareholders and descendants. Please visit our website to learn about Cash for Grades, Cash for Attendance, Youth Advance scholarships as well as internship opportunities. I also encourage you to visit The Aleut Foundation web site as we funded the Foundation at $1.5M so that they can provide academic scholarships, training, travel grants, leadership opportunities as well as cultural enrichment for our shareholders and descendants. These benefits are available to original enrollees as well as their descendants.
If you have not registered for MyAleutConnection, please contact our
shareholder records department so that you can update your information as well as have immediate access to information about your corporation.
As we begin to wrap up 2019, I’d like to wish you and your family a very Merry Christmas and a Happy New Year! Ruuzdistvachxizax ama Slum Tagadagan Inixsinaa imchix anuxtakus! (Atka Dialect)
Warmest regards,
Thomas Mack
President & CEO