Shareholders on the job at a TKC subsidiary this fall are earning more than money—they’re gaining experience that will help them throughout their careers.
Residents of Sleetmute and Upper Kalskag met to discuss how their communities will look in the future during public meetings about the 14(c)3 land process this fall.
Section 14(c)3 of the Alaska Native Claims Settlement Act (ANCSA) requires village corporations to provide for the needs and expansion of communities. These 14(c)3 lands are to be used for community expansion and amenities such as roads, schools, clinics and recreation areas. They may also be used for housing if the village decides that’s what is needed.
"We are an Alaska Native Village corporation with the vision to be a $100 million corporation by 2015."
The Kuskokwim Corporation (TKC) was formed in 1977 when ten ANCSA (Alaska Native Claims Settlement Act) village corporations located along the middle region of the Kuskokwim River merged. The villages include Lower Kalskag, Upper Kalskag, Aniak, Chuathbaluk, Napaimute, Crooked Creek, Red Devil, Georgetown, Sleetmute and Stony River.
TKC is the mother company of TKC Development, Inc. (TKCD)
The board has declared a 2013 non-taxable dividend distribution in the amount of $3.29/share to Class A and Class B shareholders of record as of the close of business on May 3, 2013. That distribution will be made on May 10, 2013.
The 2013 Annual Meeting of Shareholders will be held in Chuathbaluk on Saturday, June 1, 2013 at 1:00 p.m. The date of record for this meeting shall be April 15, 2013.
In an astonishing announcement during the annual Top 49ers luncheon, hosted by the Anchorage Chamber of Commerce and Alaska Business Monthly held at the Dena’ina Center in Anchorage October 5, co-host Lynne Curry revealed TKC’s ranking among Alaska’s 49 best performing corporations.
Richie Diehl: ‘More than ready’ for the ‘Last Great Race’
“I’m more than ready,” Diehl said. “It’s time to do it.”
The Kuskokwim Corporation has over 3,100 shareholders (some shareholders hold class B and class A stock through inheritance) whom are bound together by a tradition rich in culture and history.
These shareholders consist primarily of Yupik Eskimos and Athabaskan Indians that are residents of, or descendants of residents, of ten villages along the Kuskokwim River.