the eyak corporation on the hunt
TRANSCRIPT
Dear Shareholders,
It was a pleasure to visit with many of you at The Eyak Cor-
poration’s 42nd Annual Meeting of Shareholders in early May.
Your willingness to sacrifice a beautiful spring day to attend the meeting and provide input is
inspiring and greatly appreciated. We thank each of you who voted by proxy, which resulted in
us achieving quorum two days before the meeting for the second year in a row!
We are very pleased to welcome Brooke Johnson to the Board of Directors and congratulate
Rocky Dolfi and Steve Donaldson on their re-election to the Board. We are grateful to Jim
Ujioka for his dedicated service these past twelve years.
We look forward to seeing you at the following events over the next several months:
Friday, June 17, 2016- Sixth Annual Pioneer Cemetery Cleanup- 11:00 a.m. – 1:00 p.m.
(Cordova)
Saturday, July 30, 2016- Anchorage Summer Picnic - 11:30 a.m. – 2:00 p.m. (Jewel Lake Park,
Anchorage)
Friday, November 11, 2016- Cordova Shareholders Informational Meeting- 4:00 p.m. – 6:00
p.m. (Cordova)
Saturday, January 21, 2017- Seattle Shareholders Informational Meeting- 4:00 p.m. – 6:00
p.m. (Seattle area)
As always, thank you for your interest in your corporation.
Chief Executive Officer President
CEO’s and President’s Message
THE EYAK CORPORATION On The Hunt . . .
June 2016
Inside this issue:
CEO’s and
President’s Message 1
Chairman’s Message 2
Preserving our Bounty 3
Shareholder Advisory
Committee Update
Comment Card
4
4
Eyak Corporation
Shareholders Elect
Board Members
5
Eyak Corporation
Shareholders Elect
Board Members
6
The Eyak Corporation
Promotes Sue Jolin to
Vice President of Fi-
nance
Girls On The Run
7
7
Spotlight on Business
8
Silent Auction at An-
nual Meeting to Bene-
fit The Eyak Founda-
tion
Donations of Proxy
Incentive Payment to
Benefit the Eyak
Foundation
9
9
Frequently Asked
Questions
Name That Business
Entity Contest
10
10
Dates to Remember
Board of Directors
TEC Staff
11
11
11
Mission Statement
Save the Date
12
12
Page 2
Rhonda Kelley
Chairman’s Message
Dear Shareholders,
Thank you to all who took the time to attend this year’s Annual Shareholders’ Meet-
ing. It was great to see you and your families, and especially good hear from our Share-
holders as we reached quorum prior to the meeting for the second year in a row. It
was also an honor to have former President of the Alaska Federation of Natives, Emil
Notti, speak to us about the history behind the ANCSA negotiations and the contribu-
tions made by Cecil Barnes and so many others.
We received great questions and feedback from Shareholders, this year we employed
a new method for Shareholders to be heard using comment cards as requested by the Shareholder Advisory
Committee. The Frequently Asked Questions section of this newsletter answers several questions submitted
by Shareholders. We are including a copy of our comment card with this newsletter and encourage you to
submit questions or provide feedback to the Board, Management, or Shareholder Advisory Committee.
On behalf of the entire Board, I want to thank the four Shareholders who ran for the board this year. For the
second year in a row, Shareholders elected a “younger” member and we are very happy to welcome Brooke
Johnson to the Board. Congratulations to incumbent directors Roxanne Dolfi and Steve Donaldson on their
re-election to the Board. I also want to personally thank Todd Lilleness for running for the Board.
As you know, Jim Ujioka did not seek re-election to the Board after many years of dedicated service. Jim was
TEC’s Chairman from 2005-14 and was a role model for me and other Board members. He was always well-
prepared for Board and committee meetings and he never hesitated to ask hard questions. We thanked Jim
for his service by gifting him a drum that was hand made by fellow board member Jim McDaniel.
I will be in Cordova on Friday, June 17th, for the Sixth Annual old cemetery cleanup. I feel this is very im-
portant to respect our elders that have passed as well as helping the community of Cordova. I also plan to
attend the annual Shareholders’ picnic on Saturday, July 30th and I invite our Anchorage-based and other
Shareholders to come by and spend time with our EYAK family!
I hope everyone has a great summer and a prosperous fishing season. I look forward to seeing you and your
family members at the upcoming events.
Chairman
My name is Kim Aspelund. I was born and raised in Cordova, Alaska. My family name is Web-
ber. My Mom, Irene is Alutiiq and my Dad, Bill is Tlingit. As an Eyak shareholder, I would like to
share with you some of the work I do for Alaska Native Tribal Health Consortium in the Well-
ness and Prevention and Health Promotion Department.
I have been on the planning committee for the Alaskan Plants as Food & Medicine Symposium
(APFM) from the very first year in 2012. The ANTHC Store Outside Your Door program will
host the 5th Annual Alaskan Plants as Food & Medicine Symposium September 11-13, 2016 at
the Alaska Native Heritage Center in Anchorage, Alaska. This conference focuses on the shar-
ing of traditional plants knowledge and promoting ethical harvesting of our indigenous Alaskan plants. This year’s
theme, “Preserving Our Bounty”, will highlight the ways in which we process and store our plants and foods for the
winter. The event’s goals are to preserve and protect our traditional ways of hunting, fishing, gathering and growing.
Our Keynote speakers include Janice Scholfiled-Eaton, Anore Jones, Val Kriel, Dr. Jillian Stansbury, and more to
confirm. We have wonderful workshop session presenters, Pricilla Kari, Elise Krohn, Nancy Lee-Evans, Ellie Vande
Visse, and many more as well, ready to share their stories and expertise on harvesting, preserving and educating
about plants for foods and medicine. Our hands-on workshop sessions are fun and inspiring and offer healing on
many levels.
Our meals served during the symposium are integrated with a variety of Alaska subsistence foods with an abundance
of wholesome foods. We would gladly accept donations for moose, fish, plants and if you are interested, please con-
tact us for information about the required guidelines for food donations.
We offer CEU credits for physician, nurses, CHAP, educators as well as University of Alaska credit.
We will offer a Youth Leadership Track for ages 12-18 offering:
Plant walks
Native foods cooking demonstration
Herbal teas
Medicine making - topical remedies for first aid including poultice, salve, and liniment.
Students will take home their own medicine kit.
The youth will learn vital tools for interacting with Elders to learn traditional knowledge and they will be able to put
those skills to use!
Exhibitors and Vendors are welcome and encouraged register for table space.
Visit our website www.alaskanplants.com for registration and information for hotel, travel, shuttle, and more.
Email us with any questions at [email protected] or call us at (907) 729-3639
I invite you all to join us in this wonderful celebration of sharing traditional knowledge and edu-
cation for this generation and more to come.
Many Blessings, Kim
Page 3
Preserving our Bounty
Page 4
Shareholder Advisory Committee Update, by Lewis Lange
It is my pleasure to provide this update on the Shareholder Advisory
Committee. We recently welcomed two new members to the commit-
tee: Faith Barnes and Leonard Smith, and we wish to express our appre-
ciation for the dedicated volunteer service these past several years by
former members Natalia Christen and Geraldine O’Brien. We also want
to express our appreciation for Jim Ujioka, who served as “Board liaison”
to the committee.
The purpose of the committee is to identify and make recommendations
to the Board on issues that are important to the corporation’s shareholders and descendants. And though we
have accomplished a great deal these past several years (proxy incentive program; recognition of elders, share-
holder of the year and young shareholder/descendant of the year; holiday potluck; a “meet and greet” period
before the start of shareholder informational meetings; etc.), we want to do more.
At our recommendation, the Board approved a “comment card” for questions, comments or suggestions you
have for the Board, Management and Shareholder Advisory Committee. A copy of the comment card is at-
tached below. We welcome you to fill out a comment card and to submit it to the corporation (via mail or
hand-delivery to the Anchorage or Cordova office; via fax (907) 424-5161 or (907) 334-6973; or through
email [email protected]).
*************************************************************************************************
THE EYAK CORPORATION Please take a moment to write down any questions, comments or suggestions you have for The Eyak
Corporation’s Board of Directors, Management, or Shareholder Advisory Committee. You are welcome
to include your name and address.
Your Questions, Comments or Suggestions:
Leonard Smith Lewis Lange
Page 5
Nancy
Barnes
Perpetual Plaque
Darcie
EYAK CORPORATION SHAREHOLDERS ELECT
BOARD MEMBERS On May 7, 2016, The Eyak Corporation held its 42nd Annual Meeting of Shareholders in Anchorage, Alaska.
During that meeting, the following shareholders were elected to serve three-year terms on The Eyak Corpora-
tion’s Board of Directors: Roxanne Dolfi; Steve Donaldson; and Brooke Johnson. The following shareholders
are continuing members of the corporation’s Board of Directors: Rikki Addy; Nancy Barnes; Sylvia Lange; James
McDaniel; Jerry O’Brien Jr.; and Martin Parsons.
Roxanne Dolfi Steve Donaldson
Brooke Johnson
Patricia Borer
Christina Lettich
Cheryl Parsons
Leonard Smith William Smith
Rod Worl
Nancy Barnes
Post-meeting Group Picture
Alyson
Violet
Page 6
David Chee Martin Parsons
Pansy Bray Rikki Addy
Dawn Barnes
Donna
Barnes
Margaret Olson
Patrick O’Brien
Terahlee Thomas
Jim Ujioka
Millie Johnson
Cynthia Scott
Shiloh Bray
Sheryl Hartman
Sylvia Lange
Angela Butler
Brooke Johnson Cynthia Scott
Matt McDaniel
Nancy Barnes
Jim Ujioka
Emil Notti Rod Worl
Emil Notti
Alyson
Violet
Aluxia
Shade
Page 7
******************************************************************************************
The Eyak Corporation Promotes Sue Jolin
to Vice President of Finance
Anchorage, Alaska (May 13, 2016): The Eyak Corporation (TEC) is pleased to announce the promotion of
Sue Jolin to Vice President of Finance. Jolin had served as TEC’s Senior Controller since her hiring in July 2015.
“Sue has accomplished many significant financial and strategic initiatives at TEC,” said TEC’s CEO Rod Worl.
“Her work ethic, leadership, focus on mission, ability to work with others, and respect for our shareholders
and board members have made her a valued member of our team.”
“It has been a wonderful experience working at TEC,” Jolin said. “The support I’ve received from everyone
during the last 10 months has been invaluable, and I look forward to many more years of professional fulfill-
ment and success with the corporation.”
Prior to joining TEC, Jolin worked for the Anchorage School District, serving in various roles for seven years,
most recently as the Executive Director of Finance. Jolin also worked for Era Aviation for five years holding
various positions, including Assistant Controller. She grew up in Eagle River, Alaska.
Jolin is a graduate of the University of Alaska Anchorage with a BBA in Business Management and Global Logis-
tics Management and is scheduled to graduate with an MBA from West Texas A&M University on May 14,
2016. In her free time, she loves to spend time with her husband and two children.
About TEC: The Eyak Corporation is an Alaska Native Village Corporation formed under the Alaska Native
Claims Settlement Act (ANCSA). The corporation’s mission is to return financial benefits to present and future
shareholders through the development of economic opportunities and growth of assets while protecting the
ownership of ANCSA lands and Native cultural heritage. More information can be found at
www.eyakcorporation.com.
Girls On The Run
TEC shareholder and employee, Angela Butler,
coached Girls On The Run in Cordova. Partici-
pants included shareholder descendants. Girls
On The Run is an organization that inspires girls
to be joyful, healthy and confident using a fun,
experienced-based curriculum which integrates
running. Girls learn to be strong and confi-
dent. At the conclusion of the program the girls
will be physically and emotionally prepared to
complete a 5k run with their team mates. The
finish line is just the beginning, however, as the
ultimate goal is to provide girls with tools and
resources that develop their ability to think criti-
cally-a skill that will serve them well for a life-
time.
Angela Butler and Friends
Page 8
Shareholders’ equity (also known as stockholders’ equity or owners’ equity) is a representation of the value
of the corporation to its shareholders—your ownership interests in Eyak. The main purpose of the corpora-
tion is to provide value to its shareholders, and this value can be evaluated by looking at shareholders’ equity.
Positive shareholders’ equity reveals that the corporation has sufficient assets to cover its debts, and is in a rela-
tively healthy financial position to spur growth and issue dividends.
Common items that affect shareholders’ equity include operating income and losses, investment income and
losses and dividend distributions. Income increases shareholders’ equity, while losses and dividend distributions
reduce it. After the resolution of the DOJ matter, Eyak has steadily increased equity while at the same time,
returning some of that equity to shareholders in the form of dividend payments. As of December 31, 2015 the
Eyak Corporation reported total shareholders’ equity of $19.31 million with $362 thousand being returned in
2015 through a dividend. The following chart shows shareholders’ equity and operating dividend distributions
for 2015 and the prior ten years.
Shareholders’ equity and dividend distributions are on the rise since 2013
Page 9
Silent Auction at Annual Meeting to Benefit The
Eyak Foundation
******************************************************************************************
The Eyak Foundation expresses heartfelt appre-
ciation to TEC’s Board of Directors for holding
a silent auction at Annual Meeting, with pro-
ceeds going to the foundation. The Foundation
also thanks the TEC directors and shareholders
who donated items to this event.
The TEC Board of Directors approved a 100%
match from the corporation for this event which
helped raise over $4,300!
Donations of Proxy Incentive Payments to The Eyak Foundation
As recommended by the Shareholder Advisory Committee, the Proxy used for this year’s Annual Share-
holders’ Meeting included an option for shareholders to donate their $25 proxy incentive payments to The
Eyak Foundation. Thirty-two shareholders donated those payments, in an amount totaling $800. Our heart-
felt thanks to everyone who donated.
Gifts were made in the memory of the following shareholders:
Bob Andersen
George Robert Andersen Jr.
William and Donna Anderson
Cecil & Anna Barnes
Pat Barnes Sr.
Spencer Barnes
Margaret Clark
Irene Hansen
Marie I. Lange
Martin Dale Levshakoff
Donald K. Lilleness
John Clifford Nichols, Sr.
Jerry O'Brien Sr.
Dolly Scott
Frances Scott
Steve Ujioka
Page 10
Frequently Asked Questions
Q. Why doesn’t the corporation impose term limits on directors?
A. Because the Board of Directors does not want to infringe on the rights of shareholders to vote for the
individuals they want to serve on the Board of Directors. TEC does not have a “Board Slate.” Instead,
the Board encourages each shareholder to vote for the nominee or nominees that shareholder believes
will do the best job. In addition, and to maximize the voting rights of shareholders, TEC’s election rules
provide for directed voting rather than discretionary voting. Since 2007, at least eleven “non-
incumbent” shareholders have been elected to TEC’s Board (some more than once), including: Brooke
Johnson (2016); Rikki Addy (2015); Roxanne Dolfi (2013); Millie Johnson (2012); Jerry O’Brien Jr.
(2011); Martin Parsons (2011); Jason Barnes (2010); Roxanne Dolfi (2009); Geraldine O’Brien (2008);
Steve Donaldson (2007) and Martin Parsons (2007).
Q. I submitted a stock will to Chugach Alaska Corporation. Do I have to fill out a separate stock will for TEC?
A. Yes. A stock will for Chugach Alaska Corporation does not apply to TEC stock. Similarly, a TEC stock
will does not apply to Chugach Alaska Corporation stock.
Q. For next year’s election, can you set it up so proxy incentive payments can be direct deposited?
A. Happy to.
Q. Can you please provide eggs at breakfast (for those of us shareholders who are diabetic)?
A. Yes; great idea!
Q. The next time you order TEC tee shirts, can you also get ladies style shirts?
A. We’ll be happy to.
(Answers provided by the Communications Committee. Please submit questions via e-mail to Sharehold-
[email protected], and we will include answers for one or more in the next newsletter.)
****************************************************************************************** Name that Business Entity Contest
During the Annual Meeting, CEO Rod Worl discussed a potential
business opportunity TEC is exploring to provide early fire detection
to protect communities, citizens and property from major losses as-
sociated with wildfires. A “Name that Business Entity” contest was
announced, with a $100 prize for the shareholder whose proposed
name was selected as the winner.
More than 20 names were entered and “The Identi-FIRE” was chosen
as the winner. Congratulations to Catherine Buchta and her son Xa-
vier Mora for submitting the winning name. Catherine and Xavier also submitted “Eye Spy Smoke,” which
came in second place.
Xavier Mora
Catherine Buchta
June, 2016
17 - Sixth Annual Pioneer Cemetery Cleanup (Cordova)
July, 2016
1 - The Eyak Foundation Scholarship Deadline 13 - 20 - Nuuciq Spirit Camp (Session 1) 20 - 27 - Nuuciq Spirit Camp (Session 2) 30 - The Eyak Corporation Summer Picnic
(Jewel Lake Park), Anchorage
August, 2016
1 - Deer Season Opens
September, 2016
1 - Moose Season Opens
5 - Labor Day
October, 2016
18 - Alaska Day
November, 2016
11 - Veteran’s Day
11 - Cordova Shareholder Informational Meeting
24 - Thanksgiving
Board of Directors
Page 11
Dates to Remember & Special Announcements
Martin Parsons, Chairman Nancy Barnes, President Rikki Addy, Treasurer Roxanne Dolfi, Secretary Steve Donaldson, Director Brooke Johnson, Director Sylvia Lange, Director Jim McDaniel, Director Jerry O’Brien Jr., Director
TEC Staff
Angela Butler
General Manager,
Cordova Operations Rod Worl
Chief Executive Officer
Ext 1 Sue Jolin
Vice President, Finance
Brennan Cain
Vice President &
General Counsel
Ext 5
Dorothy Kennedy
Senior Accounting Supervisor
Ext 2
Kate Kalkman
Administrative Assistant
Accounts Payable Ext 1
Teresa Barnes
Administrative Assistant
Cordova Office
The Eyak Corporation
Suite 210
360 West Benson Boulevard
Anchorage, Alaska 99503
The Eyak Corporation Mission
The Eyak Corporation will return financial benefits to present and future shareholders through the development of economic opportunities
and growth of our assets while protecting the ownership of our ANCSA lands and Native cultural heritage.
Contact Us:
THE EYAK CORPORATION
ANCHORAGE: CORDOVA:
360 W. Benson Blvd. 901 LeFevre St.
Suite 210 P.O. Box 340
Anchorage, AK 99503 Cordova, AK 99574
Tel. 907-334-6971 Tel. 907-424-7161
800-478-7161
www.eyakcorporation.com
http://www.facebook.com/eyakcorp/
SAVE THE DATE The Eyak Corporation
Summer Picnic
Please Join Us!
July 30th, 2016
11:30 a.m. - 2:00 p.m.
Jewel Lake Park
4342 W 88th Ave.
Anchorage, AK
The 2016 annual Shareholder picnic will be held on Saturday, July 30th at
Jewel Lake Park in Anchorage. Festivities begin at 11:30 am until 2:00
pm. A buffet lunch will be provided along with door prizes, and the infa-
mous water balloon toss. We hope to see you all at the picnic!