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Annual Report

Download the most recent Kuskokwim Annual Report.

 
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The Kuskokwim Corporation has over 3,000 shareholders 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.

Original shareholders that were born later than December 18, 1971 were included in the Alaska Native Claims Settlement Act enrollment. Later, TKC shareholders voted to include their children and began enrolling eligible children born after December 18, 1971 as Class B shareholders.

TKC was among the first native corporations to take this step and enroll shareholder children born post-ANCSA.

According to section 1 of the Corporate Bylaws of TKC, shareholders are to gather for their annual meeting in June. These meetings are primarily rotated through the villages of Georgetown, Napaimut, Sleetmute, Crooked Creek, Chuathbaluk, Aniak, Lower Kalskag, Upper Kalskag and Red Devil. The Board however does have some discretion in choosing the location of a meeting, as well as the date that it is to occur.

Date of Record

Many occasions necessitate a precise record of how many shareholders TKC has, and who these individuals are. This record is used for many purposes such as, notification of shareholders, determining quorum and voting at an annual meeting, and paying shareholders their dividends. In obtaining this record the Board of Directors can close the stock transfer books for a stated period, no longer than 60 days. In lieu of closing the stock transfer books, the board may fix, in advance, a date as the record date for the determination of shareholders.