Sealaska Offers New Shareholder Bereavement Benefit
Monday, May 7, 2018
The bereavement program is a new benefit that can finally be added by Sealaska as a result of the company’s success and steady growth over the last five years.
Sealaska’s board of directors announced its approval today of a shareholder bereavement benefit to provide support for its shareholders after the loss of a loved one. This program is a result of Sealaska’s growing financial strength and ongoing feedback from shareholders in support of meaningful benefits that make a difference in shareholders’ lives and reflect our Native values of helping one another through challenging times.
The bereavement program becomes effective May 7, 2018 and includes a benefit of up to $1000 for original shareholders that pass away. All other deceased shareholders would receive benefit amounts based on the number of voting shares they have at the time of their death, up to a maximum payment of $1,000. Benefit payments will be made to the deceased shareholder’s estate or mortuary.
“This is a benefit that the board has discussed for decades and our shareholders have asked for, telling us it would make a difference through a difficult time after the loss of a loved one,” said Sealaska Board Chair Joe Nelson.
“Adding $10 million to our scholarship endowment and the addition of this bereavement benefit are ways we are making investments today that will continue to make a difference for years to come,” he said.
The bereavement program is a new benefit that can finally be added by Sealaska as a result of the company’s success and steady growth over the last five years.
“The success of our businesses over the last five years is opening new opportunities for us to provide added value to our shareholders,” said Sealaska CEO Anthony Mallott.
Shareholders can learn more about the program on MySealaska.com and download applications on or around June 25, 2018. They can also request an application via email to records@sealaska.com. Sealaska will begin accepting applications on that same date.
For answers to “frequently asked questions” visit MySealaska.com.
News Search
20 results found
Posted 10/29/2024
Posted 10/29/2024
The Sealaska Board of Directors will meet on Friday, November 8, 2024, to approve the amount for Sealaska’s upcoming distribution. Please review the following key dates and complete necessary actions to ensure a seamless distribution. DISTRIBUTION AMOUNT DETERMINED — Friday, November 8, 2024 On November 8, the Board of Directors will meet to determine the distribution amount.
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Posted 4/12/2024
Posted 4/12/2024
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Posted 3/19/2024
Posted 3/19/2024
The Sealaska Board of Directors will meet on Friday, April 12, 2024, to approve the amount for Sealaska’s 2024 spring distribution. The distribution will take place on Thursday, April 18. Shareholders can prepare for a seamless distribution by completing any enrollment or stock transfer paperwork, including gifting or inheritance, by Friday, April 12 at 4 p.m. The last day to make changes to…
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Posted 11/2/2023
Posted 11/2/2023
As part of our commitment to the shareholders and communities who make us who we are, Sealaska will issue a fall distribution totaling $13.6 million, to be issued to shareholders on Thursday, Nov. 9. Sealaska’s board of directors approved the distribution at a board meeting held in Juneau on Thursday, Nov. 2. After the fall distribution is made, a total of $17.2 million (approximately $5.85…
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Posted 4/14/2023
Posted 4/14/2023
Sealaska’s spring distribution of $37.7 million is part of Sealaska’s continued investment in our shareholders and communities. The distribution includes dividends totaling $6.8 million from Sealaska’s ocean-health focused operations businesses, $2.9 million from the Marjorie V. Young (MVY) Shareholder Permanent Fund and an additional $28.0 million in Alaska Native Claims Settlement Act Section…
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Posted 3/22/2023
Posted 3/22/2023
The Sealaska Board of Directors will meet on Friday, April 14 to approve the amount for Sealaska’s 2023 spring distribution. The distribution will take place on Friday, April 21. Shareholders are encouraged to complete and/or update any enrollment or stock transfer paperwork by the official record date of 4 p.m. Alaska time on Monday, April 17. “Sealaska is committed to providing stable…
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Posted 10/28/2022
Posted 10/28/2022
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Posted 6/25/2022
Posted 6/25/2022
Q: What did the blood quantum resolution do? A: When it was approved by shareholders, the resolution on this year’s proxy eliminated the requirement for applicants for Class D (Descendant) stock to prove they have at least one-quarter Alaska Native blood quantum. Q: Who is eligible for Class D stock? A: Lineal descendants of original shareholders who were born after Dec. 18…
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Posted 4/8/2022
Posted 4/8/2022
Sealaska’s board of directors approved a $21.3 million distribution to shareholders when it met Friday, April 8. The spring distribution is made up of $7.5 million from Sealaska’s business operations, $2.6 million from the Marjorie V. Young (MVY) Shareholder Permanent Fund and $11.2 million in Alaska Native Claims Settlement Act Section 7(j) natural-resource revenues. The distribution will be…
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Posted 2/9/2022
Posted 2/9/2022
As Sealaska celebrates its first 50 years of history, we can look back with great pride in the knowledge that the early leaders of our company sought to ensure Elders are recognized and cared for through additional shareholder benefits. The Elders’ Settlement Trust was established at the same time, which provides a one-time payment to shareholders when they turn 65. (To qualify…
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Posted 10/29/2021
Posted 10/29/2021
Sealaska shareholders’ 2021 dividend distribution will add to numerous other shareholder benefits and supports, including the $4.2 million in CARES Act funding Sealaska is distributing to eligible shareholders, in partnership with the Central Council of the Tlingit & Haida Indian Tribes of Alaska. On Friday, Oct. 29, Sealaska’s Board of Directors approved the company’s 2021 fall distribution…
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Posted 10/14/2020
Posted 10/14/2020
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Posted 10/5/2020
Posted 10/5/2020
Sealaska’s fall distribution will occur a few weeks earlier than normal to help provide financial relief to shareholders due to the ongoing pandemic. Shareholders are encouraged to complete and/or update any enrollment or stock transfer paperwork by the official record date for the fall distribution. The record date is 4 p.m. AKDT, Wednesday, October 14, 2020. “We are fortunate to be in a…
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Posted 3/23/2020
Posted 3/23/2020
After careful consideration of the guidelines from health authorities in the wake of the novel coronavirus (COVID-19) outbreak, we have made the decision to offer the May 2020 shareholder community meetings via webcast. Cancelling the in-person community meetings was a difficult but necessary decision as we continue to assess the risks of the pandemic. The safety and well-being of our employees…
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Posted 3/20/2020
Posted 3/20/2020
Sealaska’s board of directors approved a distribution totaling $23.71 million to be issued on Tuesday, March 31, 2020. The distribution includes payments from operations ($5.9 million) and the Marjorie V. Young (MVY) Shareholder Permanent Fund ($2.4 million). The board also made the decision to hold community meetings online in May 2020. This decision is based on guidance from health…
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Posted 3/18/2020
Posted 3/18/2020
The Sealaska board of directors will meet on Friday, March 20, 2020, to decide on this year’s spring distribution. The board was originally scheduled to meet on April 3, but directors are calling this special meeting in order to address the economic crisis facing our communities as a result of the coronavirus (COVID-19). “We listened to shareholders who expressed concerns about the impact the…
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Posted 3/18/2020
Posted 3/18/2020
We are living in extraordinary times and the world is collectively responding to the impacts associated with the novel coronavirus (COVID-19). Like many of you, we are learning by the hour about the impacts of this pandemic. The situation is evolving rapidly and we want to share some of the steps we’re taking as a company to respond. We also want to highlight how important simple actions can be by…
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Posted 3/13/2020
Posted 3/13/2020
Sealaska offices in Juneau, Alaska will be closed to the public beginning Monday, March 16, 2020. On Thursday, March 12, 2020, Alaska Governor Mike Dunleavy announced the first case of COVID-19 in the state. In a statement published Thursday March 12, Alaska Governor Dunleavy said the patient is a foreign national who developed a fever and respiratory symptoms shortly after arriving in Anchorage…
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Posted 6/26/2018
Posted 6/26/2018
View video here. Applications are now available for Sealaska’s bereavement benefit, known as the Deishú Memorial Fund. The fund was established by Sealaska’s board in spring of 2018 as a way to provide support for its shareholders after the loss of a loved one. This program is a result of Sealaska’s growing financial strength and ongoing feedback from shareholders in support of…
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