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 supported 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 voted on opening enrollment at the Annual Meeting on June 3, 2023, and the resolution passed with a 92% vote.
OPEN ENROLLMENT AT A GLANCE
The approved open enrollment resolution:
Reclassifies the current 75,000 shares of stock as "Class A Stock."
Authorizes issuance of up to 200,000 shares of new descendant stock as "Class B Stock."
Authorizes issuance of up to 50,000 shares of new Elder stock as "Class C Stock."
Approval allows K'oyitl'ots'ina to:
Issue 25 shares of Class B Stock to descendants of original K'oyitl'ots'ina shareholders born after December 18th, 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.
K’oyitl’ots’ina is now working to develop the system and processes to accept and process descendant applications. We will also be working to expand and enhance shareholder records so we can best manage and serve a larger shareholder base. We expect this process to take one year, meaning we will begin accepting descendant applications in summer 2024.
HOW YOU CAN HELP
Shareholders can assist us as we work toward opening enrollment by:
Updating your address. Get in touch to confirm we have your current mailing address.
Submitting a valid stock will. Make sure we have a valid stock will on file for you. To encourage shareholders to have a valid stock will on file, we have started a quarterly stock will drive with a $300 cash prize! All shareholders who have stock wills on file will automatically be entered to win each quarter.
Talking to your family about the importance and benefits of being a shareholder, and how they can prepare to apply when enrollment opens next year.
To update your address or submit a stock will, contact us at email@example.com or (907) 452-8119 x114.
GET READY FOR OPEN ENROLLMENT
Descendants who are planning to apply when enrollment opens next year will need the following items:
Certificate of Indian Blood or tribal ID
Obtaining necessary documents can take time, so if you don’t already have them, we encourage you to get started early. Check out our September open enrollment newsletter for details on how to request required documents.
WHY DO YOU WANT TO BE A SHAREHOLDER?
Are you a K’oyitl’ots’ina descendant who plans to apply when enrollment opens next summer? Tell us why you want to be a shareholder! Over the next year, we’ll be featuring our descendants – our future shareholders! If you’d like to introduce yourself, please send your name, your village, a photo of yourself, and a short description about why you want to be a shareholder to firstname.lastname@example.org.
MARK YOUR CALENDAR
OCT 2 STOCK WILL PRIZE DRAWING
To submit a stock will, contact us at email@example.com or (907) 452-8119 x114.
DEC 2 REGULAR BOARD MEETING
Please check back regularly for updates.
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.