TKC dividend distributions, financial reports to Shareholders remain on schedule
Anchorage, Alaska– The Kuskokwim Corporation (TKC) announced today that it has made the decision to postpone the 2020 Annual Meeting of Shareholders, which had been scheduled for June 6th in Stony River, due to health concerns related to the novel coronavirus, otherwise known as COVID-19, health pandemic.
“The well-being of our Shareholders has always been TKC’s first priority. Given the significant health risks that COVID-19 poses to our Elders and our communities, TKC must act with an abundance of caution as we navigate this pandemic,” said TKC President & CEO Andrea Gusty. “We have been watching news from around the world and here in Alaska. Health officials are asking people to reconsider meetings and gatherings and practice social distancing until the COVID-19 pandemic is under control. We are postponing our Annual Meeting and urging everyone to follow the most recent health guidelines that are being issued.”
TKC’s 2020 Annual Meeting of Shareholders and the 2020 election of Board Seats E, F, G & H will be postponed until such time as it is safe to gather people in one of our communities. Alaska State Statutes prohibit Board of Director elections without in-person meetings. The deadline for Board candidates to return their nominating petitions and candidate questionnaires will still be March 23rd. TKC’s Board of Directors will continue to monitor the situation and will set a date for the 2020 Annual Meeting of Shareholders in the coming months.
“This is not a decision we have come to lightly,” said TKC Board Chair Dunia Morgan. “If the threat of COVID-19 is lessened or a vaccine is available to be administered, we will continue with setting a date for the 2020 annual Meeting of Shareholders. TKC asks for your assistance in adhering to the world health organizations’ recommendations on social distancing and staying in your home community. Every town is different, what works in one town may not work in the next, so if your governing bodies put travel restrictions in your village, please abide by them. Panic is no help, so please prepare while being mindful of others in the same need. Thank you, and may the Good Lord be in the midst.”
TKC’s 2019 Annual Report and audited financials are set to be mailed at the end of April. TKC 2020 dividend distributions will be made on schedule, on May 15th. Under TKC’s By-laws, the Board Members in seats up for reelection this year will continue serving until elections can be legally held. TKC will distribute additional information directly to all TKC Shareholders in the coming weeks.
TKC was formed in 1977 by the merger of 10 ANCSA village corporations located along the middle region of the Kuskokwim River. The villages include Lower Kalskag, Upper Kalskag, Aniak, Chuathbaluk, Napaimute, Crooked Creek, Red Devil, Georgetown, Sleetmute and Stony River. These 10 villages combined their cash resources and land entitlements, allowing TKC to pursue new opportunities that would benefit all TKC Shareholders. Today, TKC Shareholders number more than 4,100 and live across Alaska and the nation.