Sealaska Transitioning Out of Logging Operations
Monday, January 11, 2021
SEALASKA TRANSITIONING OUT OF LOGGING OPERATIONS
In Sealaska’s early years, logging was the most viable way for us to create value for our shareholders.
Our success harvesting trees has enabled Sealaska to create a business revolving around ocean health that is better aligned with your – our owners’ – shared history, and also with our desire to ensure our precious natural resources are there for future generations.
So, after decades of logging on our lands, we plan to transition out of logging operations this year.
We are still in the land-management business, with a goal to continue to create financial, community and cultural value from our lands. We will work with the U.S. Forest Service to sustain bark programs and ensure logs continue to be available to artists. Our lands remain open for selective harvesting, hunting, fishing and other recreation and tourism. Our programs that aren’t related to logging, such as investments in language revitalization and scholarships, will continue.
This transition is not expected to significantly affect future profits or dividends. Our financials have been steadily improving for seven years, and we expect that trend to continue. This decision is part of our long-term plan to focus our resources on generating sustainable value for our shareholders.
Everything we’re doing as a company is ultimately about investing in our people and communities. We are committed to winding down logging operations with care and thoughtfulness. We are working to ensure a gentle transition for our employees. It’s important to us to support our communities through the transition and set them up for new and improved success.
We are grateful for the commitment and professionalism that has created significant value for Alaska Natives and paved the way for an ocean-health business that we believe will create value for our shareholders and communities over the long term.
Our people have been connected to these lands for 10,000 years. Who better than us to take care of our land and resources in a way that will benefit all people for generations to come? We are walking a path that our ancestors envisioned for us.
Gunalchéesh,
Anthony & Joe
Latest News
2025 Early Bird Prize Winners
Posted 6/10/2025Congratulations to our 2025 winners. At Sealaska, we are deeply grateful for your participation in this year’s election. Selecting exceptional leaders to help guide our shared future is one of the most meaningful ways for shareholders to engage with us. These winners were randomly selected from the pool of early birds by the Inspectors of Election. All payments will be processed this week and delivered via the payment method on file for distributions in MySealaska.com.
.jpg)
Sealaska Seeking Applicants for President
Posted 6/3/2025We are continuing our search for a dynamic and visionary leader to serve as Sealaska’s president. It is important that we find the right candidate to fill this position, which is why the Sealaska board of directors is being as exacting as possible as we search for a candidate capable of amplifying the impact of our mission and providing benefits that empower our shareholders. To this end, the Sealaska board of directors recently revised the job description for the position of president and sought the assistance of a professional recruiting firm. Our hope is to announce a successful candidate as our new president this coming summer.
Shareholder Proxy Update
Posted 5/12/2025Shareholders, an error occurred when printing proxy cards regarding the number of shares you own and votes you have in the top right corner of your proxy card. This error does not affect the validity of your paper proxy, nor does it affect voting on MySealaska.com through the Election Connection portal
Early Bird Deadline Extended
Posted 5/12/2025After considering the recently announced U.S. Postal Service delays to First-Class Mail in conjunction with a paper proxy error leading shareholders who wish to vote by mail to potentially wait for their regularly scheduled second proxy mailing, we have made the decision to extend the early bird deadline to June 6. We are listening to shareholders and want to give everyone the best chance to qualify as an early bird. Thank you for understanding and thank you for voting.
Sealaska Announces Beginning of Election Season
Posted 5/2/2025