OPENING THE CONVERSATION
Over the past several years, we have heard shareholders talk more and more about opening enrollment
to descendants of original K’oyitl’ots’ina shareholders.
With this in mind, we undertook a shareholder survey to begin to gather information on shareholders’ opinions
about opening enrollment. The results showed that 69% of shareholders support opening enrollment to descendants
of original K’oyitl’ots’ina shareholders. View the full shareholder opinion survey results.
BRINGING OPEN ENROLLMENT TO A VOTE
After extensive review of the survey results, the K’oyitl’ots’ina Board of Directors approved the open enrollment project in spring 2022 with Resolution No. 2022-08. K’oyitl’ots’ina shareholders will have the opportunity to vote on opening enrollment at the Annual Meeting on June 3, 2023.
The K’oyitl’ots’ina Board of Directors is in support, and recommends a “yes” vote on the open enrollment ballot question. To pass, the ballot question must receive a 50 percent plus 1 vote. Every vote matters, so don’t forget to return your completed proxy by the deadline! Proxies must be received by 5 p.m. AKDT on June 1, 2023, for your shares to be voted.
VOTE AND WIN!
Annual Meeting Prizes
By returning your proxy by the June 1 deadline, you’ll be entered to win Annual Meeting prizes, including:
Grand prize: $1,000
Village prizes: $500 (four each)
Annual Meeting Attendance Prizes
Attend the Annual Meeting on June 3 in Fairbanks and you’ll be eligible to win one of three $300 attendance prizes!
OPEN ENROLLMENT AT A GLANCE
If approved by shareholders, the open enrollment project would:
Reclassify the current 75,000 shares of stock as “Class A Stock.”
Authorize issuance of up to 200,000 shares of new descendant stock as “Class B Stock.”
Authorize issuance of up to 50,000 shares of new Elder stock as “Class C Stock.”
Approval would allow K’oyitl’ots’ina to:
Issue 25 shares of Class B Stock to descendants of original K’oyitl’ots’ina shareholders born after December 18, 1971, who are at least one-quarter Alaska Native or Alaska Native by adoption.
Issue 25 shares of Class C Stock to existing shareholders who are at least 65 years of age and older (Elders).
OPEN ENROLLMENT ELIGIBILITY
To be eligible for Class B Stock, new descendant enrollees must:
Be a direct descendant by birth of an original K’oyitl’ots’ina, Limited shareholder who received their shares directly from K’oyitl’ots’ina, Limited (not through gifting or inheritance).
Be born after December 18, 1971.
Have at least one-quarter Alaska Native blood quantum.
Not be enrolled as a descendant in another ANCSA village corporation.
Be a U.S. citizen.
Original shareholders age 65 and older who received shares directly from K’oyit’lots’ina are eligible to receive 25 shares of Class C Elder stock. Note that “original” does not include inherited and/or gifted shares.
If the open enrollment vote passes, K’oyitl’ots’ina will begin developing the system and processes to accept and process descendant applications. Work will also focus on expanding and enhancing shareholder records so we can best manage and serve a larger shareholder base. We expect this process to take one year, meaning we would begin accepting descendant applications in summer 2024.
COMMUNICATION AND CONVERSATION
Through newsletters, our website, social media and events, we have made it a priority to communicate with shareholders about the impacts – both positive and negative – of opening enrollment.
Stay informed on the open enrollment vote and next steps:
MARK YOUR CALENDAR
June 1, 2023: Proxy deadline 5 p.m. ADKT
June 3, 2023: Annual Meeting of Shareholders and open enrollment vote, 12 p.m. AKDT, Westmark Hotel Gold Room, Fairbanks
Read our newsletters and e-newsletters for details on the open enrollment project.
SUBMIT A FAQ
If you would like to submit a question or share a comment, please email firstname.lastname@example.org
or call (907) 452-8119 x114.
GET INVOLVED & LEARN MORE
For more information, contact Charlisa Attla, Shareholder Relations Project Manager, at (907) 452-8119 x114 or email@example.com.