These shareholders are primarily from Yupik Eskimos and Athabaskan Indians decent, and are residents, or descendants of residents, from 10 villages along the Kuskokwim River. Original shareholders that were born earlier 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.
Unlike Class A stock, Class B can not be inherited or gifted. When a Class B stock shareholder passes away, his or her stock returns to TKC. TKC was among the first native corporations to take this step and enroll shareholder children born post-ANCSA, and with the additional of Class B stock, TKC’s shareholders enrollment has tripled in size.
In 2010, TKC shareholders approved the issuance of 200,000 shares to be distributed at 100 shares apiece to 2,000 individuals. Descendants of current TKC shareholders are eligible, and we encourage you to enroll your children if they are not already enrolled. Link to form
With the expansion of shareholders, TKC is required to find new solutions to progressively increase and pay dividends to a larger population. This encourages financial growth of TKC for shareholders, as Board Members look into new opportunities, for economic development and portfolio expansion.
One of the ways in which TKC has accomplished expansion is through adding subsidiary companies. The companies operate in the United States in a diverse array of businesses including aerospace, construction, property management, green lighting, hospital outfitting and information technology.
Additionally, TKC has established a surface use agreement with Donlin Gold, a gold mining company that could potentially be the world’s largest gold mine and bring a multitude of new jobs to the Yukon Kuskokwim Region if the project passes permitting. This agreement maximizes benefits for TKC shareholders through jobs and dividends while minimizing environmental risks to our land, as being good stewards for our future generations is always a priority.
To keep shareholders updated on new agreements, advances and developments, village meetings are rotated, as keeping shareholders informed and establishing relationships is important to TKC. Board Members also select meeting locations and dates, based on need and topics.
TKC is progressive and acts within the best interest of our people and land, and works continuously to establish successful paths to a prosperous future of our shareholders.
Visit the TKC History page to find more information on the current status of Class B shareholders.
If you have any questions as whether or not you or a family member qualifies as a shareholder or descendent, please call 1-800-478-2178.
Shareholder demographics continue to evolve with an increasing number of shareholders moving out of the region to other locations. Below you can see TKC’s shareholder demographics divided by region, age and TKC villages.
Date of Record
Many occasions require a precise record of how many shareholders TKC has, and who those 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.