Who we are
Koniag, Inc. (the Company) is a regional corporation formed pursuant to the Alaska Native Claims Settlement Act of 1971 (ANCSA). The Company is owned by 3,879 Alaska Native Shareholders. Approximately 60% of the Shareholders live within the state of Alaska.
ANCSA settled the aboriginal land claims of the Alaska Native people by providing for conveyance of money, land and other natural resources to regional corporations and village corporations within each region. The Company’s original share of this entitlement was $24 million and approximately 800 acres of surface estate and approximately 900,000 acres of subsurface estate.
As of March 31, 2012, the Company has interim conveyance or patent to approximately 105,000 acres of surface estate and approximately 900,000 acres of subsurface estate. The additional surface estate received is a result of a merger with two village corporations and the subsurface is entitled under ANCSA.
The Company continues to pursue a business strategy that reduces risk through diversification while focusing on improved profitability and growth by investing in and developing greater expertise in core businesses and industries. This strategy has driven and continues to drive investment and divestiture decisions of the Company.
This information is provided for Shareholders who are considering a run as a write-in candidate for a seat on the Koniag Board of Directors. Koniag’s Bylaws have requirements regarding Board nominations.
Section 2.7 of the Bylaws lays out the four ways in which a candidate can be nominated for a Board seat. If a Shareholder [...]more
Send your proxy in early!
Return your signed Koniag proxy by the deadlines below and you qualify to win one of several early bird cash prizes, as well as all later prizes. The earlier you send in your proxy, the more opportunities you have to win.
Early bird prizes:more
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