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ALEUTIAN CURRENT 1 2 3 4 8 10 CONTENTS PRESIDENT’S REPORT CEO REPORT CHAIR REPORT ANNUAL MEETING TAF UPDATE ALEUT STOCK QUESTIONS President’s Report by Thomas Mack The Annual Meeting was a huge success, with over 700 shareholders, descendants and family members attending the meeting and events. Once again, we streamed webcasts of both the meeting and Culture Night. We received valuable feedback from folks watching who enjoyed having that option – thanks for letting us know. Each Annual Meeting has a theme based on what we have heard from you, our shareholders, throughout the previous years. Our 2009 theme was “Growing Aleut.” In 2010, it was “Never Forgotten: A Salute to our Veterans.” “Moving Forward” was 2011’s theme followed by “Celebrating 40 Years” in 2012. This year, “Joining Generations” was chosen since so many of you realize the importance of gifting your Aleut Corporation shares to your descendants and family members. Sara, a 35-year-old descendant, summed it up well. “When my mother gifted some of her shares to me, it opened up a whole new world,” she said. “When I looked at the Aleut Corporation web page, I realized I was a part of something very big.” Gifting your shares and having a will on file ensures that every shareholder secures the benefits of the Aleut Corporation for generations to come. If you have questions about gifting, please call the corporation at 1-800-232-4882. The Village Seminar, Culture Night and Annual Meeting ended with a grand celebration – the banquet. More than 640 shareholders and their families and friends filled the Tikatnu Room at the Dena’ina Center. Marge Ford and the Polka Chips started the night’s music, followed by the Woodrow Band. I’d like to congratulate our three new members to the Board of Directors: Gary Ferguson, Debi Schmidt and Vince Tutiakoff. My sincere thanks to our long-standing board members: Elary Gromoff, Debra Mack and Carl Moses. They have left an indelible mark on the history of the corporation. Also to be congratulated are Elder of the Year Edna Floyd from St. Paul Island, Shareholder of the Year Sally Swetzof from Atka and Student of the Year Christine King from Anchorage. Finally, a hearty thank you to the Unalaska Unangax ˆ Dancers who regaled us with Aleut dances and music in their first-ever performance. They were amazing! One of the many highlights from the Village Seminar was having two of our small village corporations, Belkofski Corporation and Chaluka (Nikolski) Corporation, participate for the first time in many years. We at the Aleut Corporation are proud of them and happy that we were able to assist them in their endeavors to become more stable and active. If your village corporation needs any assistance, please don’t hesitate to contact the Aleut Corporation at [email protected] or 1-800-232-4882. I wish every one of you a very happy holiday season and a bright 2014! DECEMBER 2013 • VOL 42 • ISSUE 4 Katie Dirks Aleut CORPORATION

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Page 1: CORPORATION ALEUTIAN CURRENT · know-how combined with those of the target create greater value than either has on its own. For example, our newest subsidiary, ARS International,

ALEUTIAN CURRENT

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2

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C O N T E N T SPRESIDENT’S REPORT

CEO REPORT

CHAIR REPORT

ANNUAL MEETING

TAF UPDATE

ALEUT STOCK QUESTIONS

President’s Reportby Thomas Mack

The Annual Meeting was a huge success, with over 700 shareholders, descendants and family members attending the meeting and events. Once again, we streamed webcasts of both the meeting and Culture Night. We received valuable feedback from folks watching who enjoyed having that option – thanks for letting us know.

Each Annual Meeting has a theme based on what we have heard from you, our shareholders, throughout the previous years. Our 2009 theme was “Growing Aleut.” In 2010, it was “Never Forgotten: A Salute to our Veterans.” “Moving Forward” was 2011’s theme followed by “Celebrating 40 Years” in 2012. This year, “Joining Generations” was chosen since so many of you realize the importance of gifting your Aleut Corporation shares to your descendants and family members.

Sara, a 35-year-old descendant, summed it up well. “When my mother gifted some of her shares to me, it opened up a whole new world,” she said. “When I looked at the Aleut Corporation web page, I realized I was a part of something very big.”

Gifting your shares and having a will on file ensures that every shareholder secures the benefits of the Aleut Corporation for generations to come. If you have questions about gifting, please call the corporation at 1-800-232-4882.

The Village Seminar, Culture Night and Annual Meeting ended with a grand celebration – the banquet. More than 640 shareholders and their families and friends filled the Tikatnu Room at the Dena’ina Center. Marge Ford and the Polka Chips started the night’s music, followed by the Woodrow Band.

I’d like to congratulate our three new members to the Board of Directors: Gary Ferguson, Debi Schmidt and Vince Tutiakoff. My sincere thanks to our long-standing board members: Elary Gromoff, Debra Mack and Carl Moses. They have left an indelible mark on the history of the corporation. Also to be congratulated are Elder of the Year Edna Floyd from St. Paul Island, Shareholder of the Year Sally Swetzof from Atka and Student of the Year Christine King from Anchorage. Finally, a hearty thank you to the Unalaska Unangax̂ Dancers who regaled us with Aleut dances and music in their first-ever performance. They were amazing!

One of the many highlights from the Village Seminar was having two of our small village corporations, Belkofski Corporation and Chaluka (Nikolski) Corporation, participate for the first time in many years. We at the Aleut Corporation are proud of them and happy that we were able to assist them in their endeavors to become more stable and active. If your village corporation needs any assistance, please don’t hesitate to contact the Aleut Corporation at [email protected] or 1-800-232-4882.

I wish every one of you a very happy holiday season and a bright 2014!

DECEMBER 2013 • VOL 42 • ISSUE 4

Katie Dirks

AleutC O R P O R AT I O N

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Aang Aang!

This issue’s topic: TAC’s Acquisition Strategy

I’ve been asked on more than one occasion how TAC identifies potential acquisition candidates. How do companies like a water testing company in Thornton, Colorado, fit together with a company from Port Allen, Louisiana, that does radioactive waste remediation? It may not be obvious, but a lot of thought goes into identifying and pursuing acquisition targets. This month, I’d like to share some of our thought processes.

First, a few words about focus. TAC’s main focus area is providing services. Those services are primarily in the areas of construction, operation and maintenance, oil field support, and laboratory chemical analysis. Our acquisitions strategy emphasizes strengthening our capabilities in these specific areas.

When seeking target operating companies (as opposed to more static investments like real estate and the Permanent Fund) we look for situations where we can make 1+1=3. In other words, we target opportunities where TAC’s skills and know-how combined with those of the target create greater value than either has on its own.

For example, our newest subsidiary, ARS International, does radiochemical lab analysis for the federal government and commercial customers. Our government contracting subsidiary, Aleut Management Services (AMS), provides facilities operation and maintenance services. Together, AMS and ARS are now pursuing an opportunity to both perform the lab analysis and maintain the facility of a Department of Energy lab, a contract neither could have developed on its own.

CEO’s Reportby Dave Gillespie

Another thing we look for in a candidate is whether we can bring its service to existing customers, or vice versa. (There’s an old salesman’s saying “It’s easier to up-sell an existing customer than it is to find a new one.”)

Our oil field services business, C&H Testing, provides on-site tube testing as part of the oil well drilling process. A frequent by-product of that well drilling process is small amounts of low-level “naturally occurring radioactive material,” NORM. ARS International has a long history of testing for NORM in the Gulf of Mexico. C&H and ARS are now working together to potentially bring NORM testing to C&H’s customers in California.

On rare occasions, an opportunity arises that is outside our main focus areas, but creates shareholder value so compelling that we make an exception. Our recent acquisition of Patrick Mechanical fits this category.

Much of TAC’s long-term success will come from the strategic acquisitions we make today. By focusing our efforts on opportunities that extend and expand our existing capabilities, we are putting in place solid platforms for growth for generations to come.

CONTACT THE BOARD

The Aleut CorporationOne Aleut Plaza4000 Old Seward Highway, Suite 300Anchorage, AK 99503907.561.4300 [email protected]

ARS Booth

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Chair Reportby Dick Jacobsen

I’d like to thank all of the shareholders for another successful Annual Meeting and congratulate the three newly elected directors to the Board. There is a lot of work to be done, and I’m sure they are all up to the task. We, as board members, are hearing what the shareholders are telling us, and we’re trying to respond to your wishes as best as possible, while managing and trying to move the company forward to maximize profitability and dividends.

So how do we move the company forward and maximize profitability? We’re lucky that the Board of Directors is diverse, and the directors comprise a variety of different strengths and abilities. With these

• Motion to approve an amendment to the FY2014 TAC operating budget in the amount of $386,000 to reflect the Alaska Supreme Court’s recent ruling on a prior legal matter and to update incentive compensation goals to reflect this change.

• Motion to authorize TAC management to provide a cash infusion to ARS of up to $1.5M in the form of a one-year, interest-free loan.

• Motion to authorize management on engaging McGladrey to perform the fiscal year 2014 external audit, VEBA audit, a 401k audit as presented, and to update the budget for the ARS audit fees.

• Motion to authorize TAC and AE manage-ment to initiate a formal lawsuit with Brusco for the Adak dock repairs.

• Motion to authorize the formation of a joint venture entity between AOMS and ARS, subject to legal due diligence.

• Motion to approve the expenditure by AMS of $733,000 for Fort Belvoire vehicles, tools and supplies.

Board Actions

strengths and abilities, we also embody varying priorities and ideas on how to best move the company forward. The Board of Directors does not always agree unanimously on every item discussed and voted on, nor should we. We create a stronger company by considering all points of view and having civil discourse. However, once a decision is made by majority vote, out of respect for the democratic process, and in support of our fellow directors, we all work together to support the consensus.

Merry Christmas and Happy New Year to everyone. I hope your year is happy, healthy, and prosperous.

• Motion to approve the 2013 Election Results, which showed:

Vincent Tutiakoff 75,321.0658 Debi Schmit 67,162.5236 Gary Ferguson 59,420.2527

Election of Officers Chair Dick Jacobsen Vice Chair Tara Bourdukofsky Vice President Jenifer Samuelson

Nelson Secretary/Treasurer Okalena Patricia

Lekanoff-Gregory Asst. Secretary/Treasurer David Nevzuroff

• Motion to appoint S. Lind, T. Bourdukofsky, D. Schmit to the Policy Committee; J. Nelson, S. Lind, D. Schmit to the Shareholder Affairs Committee; O. P. Lekanoff-Gregory, V. Tutiakoff, S. Mack to the Fisheries Committee; J. Nelson, G. Ferguson, S. Mack to the Budget & Finance Committee; and V. Tutiakoff, G. Ferguson, O. P. Lekanoff-Gregory, and T. Bourdukofsky to the Lands Resource and Real Estate Committee.

• Motion to appoint Gary Ferguson to be the board representative on The Aleut Foundation Board of Directors.

• Motion to appoint Okalena Patricia Lekanoff-Gregory to The Aleut Foundation Board of Directors.

• Motion to appoint Michael Jenks to The Aleut Foundation Board of Directors.

• Motion to reappoint Jessica Borenin to The Aleut Foundation Board of Directors.

• Motion to direct the Policy Committee to analyze Board Policy 203.6 Board Committees, which states that board members may not serve on more than two committees and bring a recommendation to the full board.

• Motion to adopt the 2014 calendar.

• Motion to hold FY2015 Planning Session in San Francisco, CA with a possible trip to Bakersfield, CA during the week of February 24 -March 1, 2014.

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2013 Annual Meeting of Shareholders

Shareholders get an opportunity to speak and ask questionsLavera Snigaroff

Unalaska Unangax̂ Dancers

Unalaska Unangax̂ Dancers

Julieanne Berikoff

Landen Shaishnikoff

Page 5: CORPORATION ALEUTIAN CURRENT · know-how combined with those of the target create greater value than either has on its own. For example, our newest subsidiary, ARS International,

Positive, constructive, two-way communi-

cation between the Aleut Corporation

and the Village Corporations is very

important to the board, management

and staff. In September, we surveyed the

managements of the Village Corporations

and their boards to get a better feel for

what the ideal communication plan would

look like. We sent out 50 surveys and had

an excellent return rate. Here is what

we learned:

• A majority of respondents were

generally satisfied with the type and

the amount of communication from

the Corporation. We will continue to

send out current information to our

Village Corporations.

Village Corporation Communication Survey• 76% of respondents believed that Village

Visits are beneficial for the shareholders

in the region. We also learned that

Shareholder Information meetings are

important to shareholders regardless

of where they live. We will continue to

optimize these meetings.

• On the subject of preferred communication

options, a strong majority of respondents

wanted more Village Corporation Round-

table Discussions. Therefore, next year we

will plan two Roundtable Discussions

with Village Corporations’ leadership,

management and board members. These

will be tentatively scheduled for the end

of April and the beginning of September

2014. More economic development

discussions will be included on the agenda.

• While we realize that not any one type

of communication works for all people,

we reach out using as many forms of

communication as possible, such as

newsletters (printed and electronic),

phone calls, teleconferences, TAC

website and Facebook. We will

continue to use these methods and

new ones as they develop.

While this survey was specific to

communication between Village

Corporations and TAC, we always

appreciate feedback from our

shareholders. You can reach us at info@

aleutcorp.com or 1-800-232-4882.

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Sharon Dye shows off her art

Veterans – Tim Reedy, Vince Tutiakoff, George Kudrin, Nick Lekanoff, Arnold Dushkin, Jason Bourdukofsky, Don Jackson, John Cowden, Gregory Fratis Sr.

Working the buffet at the Culture Night Reception

It was a “who’s who” of shareholders

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ELDER OF THE YEAR EDNA FLOYD

6

2013 Annual Meeting of Shareholders

THE 41ST ANNUAL MEETING OF SHAREHOLDERS THEME WAS “ JOINING GENER ATIONS .”

During Culture Night, the following took place:

• Candidate Introductions

• Dance Performance by the Unalaska Unangax̂ Dancers

Shareholder Awards:

• Honored Edna Floyd of St. Paul Island as Elder of the Year

• Honored Sally Swetzof of Atka as Shareholder of the Year and AFN Culture Bearer President’s Award

• Honored Christine King of Anchorage as Student of the Year

The following are highlights from the Annual Meeting:

• President Mack and CEO Gillespie reviewed the Fiscal Year 2013 financials

and events of the corporation.

• Five advisory resolutions:

Shareholder Resolution 13-01: A resolution regarding communication between the Aleut Corporation and the Aleutian region Village Corporations specific to economic development in the region. Motion carried.

Shareholder Resolution 13-02: A resolution changing TAC Investment Policy to include investments in economic development projects in the villages. Motion carried.

Shareholder Resolution 13-03: A resolution to revise the employee bonus policy and shareholder dividend policy to disclose how bonuses and shareholder dividends are computed. Motion carried.

Shareholder Resolution 13-04: A resolution calling for comprehensive management of the Arctic Ocean including the Bering Sea to maintain its biodiversity for the food security, tribal health, and cultural identity of present and future generations. Motion carried.

Shareholder Resolution 13-05: A resolution regarding opening enrollment for those born after 1971. Motion carried.

STUDENT OF THE YEAR CHRISTINE KING

SHAREHOLDER OF THE YEAR SALLY SWETZOF

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CONGR ATULATIONS TO THE PROXY PRIZE WINNERS

$5,000 Corey K. Wilson, King Cove, AK

$2,500 Janet R. Moline, New Rochelle, NY

$2,500 Martha Diane Krukoff, Adak, AK

$1,000 Mary Tetoff, St. Paul Island, AK

$1,000 Darlyn S. Wallace, Long Beach, CA

$500 Skoey A. Vergen, Anchorage, AK

$500 Royce R. Dupee, Denver, CO

$500 Lubova J. Kochergin, Seward, AK

$500 Donald L. Jackson, Stockton, CA

$500 Cammie C. Letney, Dickinson, TX

$250 Donald A. Lanegan, Logsten, OR

$250 John Bereskin, Jr., Akutan, AK

$250 Clarence D. Gould, Sr., King Cove, AK

$250 Katie M. Johnson, Nelson Lagoon, AK

$250 Frederick J. Larsen, Nome, AK

CASH DOOR PRIZE WINNERS

$100 Jessica Borenin$100 Darien Gilbert Mack$100 Maria Stowe$100 Larry Dirks$100 Dixie Petersen$100 Rena Kudrin$100 Stan Swetzof$100 Harriett Berikoff$100 Larry Chercasen$100 Ruth Swetzof

ELDERS CASH PRIZE DR AWING

$100 Anna Tcheripanoff

$100 Glen Mack Sr.

$100 Sheila Nevzuroff

$100 Margaret Wisbey

$100 Joe Bereskin

BANQUET DOOR PRIZE DR AWING

25,000 Alaska Airline Miles Brenna Mack

43” Flat Screen TV Nicholas Gundersen

iPad Mini Carl Merculief, Sr.

Xbox 360 Amy Carlough

Carpet Cleaning by HHH Theckla Koso

iPad Mini (Children’s prize) Jesse Tutiakoff

Xbox 360 (Children’s prize) Russell Dushkin

EARLY B IRD PROXY PRIZE WINNERS

$2,500 Sarah J. Nelson, Port Lions, AK

$1,500 John Alger, Anchorage, AK

$1,500 Barbara Fratis, St. Paul, AK

$1,500 Erica Lekanof, Anchorage, AK

$1,500 Mary Kelsay, Burien, WA

2013 ANNUAL MEETING ELECTION RESULTS

Candidate Number of Votes

Gary Ferguson II 59,420.2527

Elary Gromoff 44,392.1679

Agafon Krukoff Jr. 26,483.0481

Fredrick Lekanoff 43,433.43

Leo Merculief 37,382.6727

Carl E. Moses 6,645.8163

Alvin D. Osterback 44,498.147

Ron Philemonoff 34,809.9459

Debi Schmit 67,162.5236

Shirleyann Shapsnikoff 12,739.7291

Stanley Swetzof 24,700.7818

Vincent Tutiakoff, Sr. 75,321.0658

Thank you Anna Jensen for your 19 years

of service to the Aleut Corporation.

You’ll be missed.

Records Manager Retires

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The Aleut Foundation Update by Cynthia Lind, Executive Director

Aang Aang!

Can you believe it is almost the end of the year already? Where has the time gone?

The Foundation has been busy processing the last of the 2013-2014 scholarship award letters and checks. We are also in the process of working on the 2014 Spring Scholarship applications.

The Aleut Foundation would like to thank Debra Mack and Thomas Mack for their many years of service on TAF Board. Without their support and hard work, the Foundation would not be where it is today. They fought hard to increase our funding from the Aleut Corporation, which reached $1.2 million this fiscal year. They also supported increasing the funding levels for all scholarships.

Chair Debra Mack helped create a new endowment program that was approved in October 2013, and we are proud to carry on her legacy in the years to come. She went above and beyond her Board duties when she volunteered her time at the office. Along with Kathy Griesbaum, they

took care of the administrative duties and scholarship programs until I came aboard in November 2009. She has been, and will continue to be, a dedicated supporter of the Foundation. Debra, “You have left some big shoes to fill and will be missed.”

TAF has two new board members, Patricia Lekanoff-Gregory and Michael Jenks. Ms. Lekanoff-Gregory currently sits on the Board of Directors for the Aleut Corporation and is a past TAF scholarship recipient. Mr. Jenks is a retired U.S. Marine who works for the Southcentral Foundation and is pursuing his MBA in general business and human resources. We are looking forward to working with the new board members.

WITH GRATITUDE AND APPRECIATION

David Gillespie Susan Sabetti Samuel L. Cole Kenneth D. Nachbar Carolyn Smithhisler

Brenda Gallegos Donna Swinger Ermin L. Abeyta Bryan Brownlee

Thank you so very much for your generous donations that provide support to The Aleut Foundation’s programs and mission.

Qagaalakux!!!!

Thank you to the following individual donors:

TAF booth

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the

foundation

“Enhancing the life and culture of the Aleut People”

Phone Number: 907.646.1929Toll-Free: 800.232.4882 – ask to be transferred to the Aleut FoundationFax Number: 907.646.1949Email: [email protected]: www.thealeutfoundation.org

FOR INFORMATION

ABOUT INTERNSHIPS,

SCHOLARSHIPS, TRAVEL

SCHOLARSHIPS OR ANY

OTHER PROGRAMS,

PLEASE CONTACT THE

ALEUT FOUNDATION.

9

2014 Future Leaders Summit Application Now Available The Aleut Foundation is excited to announce that we will hold a Future Leaders

Summit on February 8-10, 2014 in Anchorage, Alaska.

• Do you have a child that is in high school?

• Is your child interested in college, vocational school, or working after high school

graduation?

• Is your child trying to decide what s/he wants to do after high school graduation?

• Then the Future Leaders Summit is perfect for your child!

The Aleut Foundation is committed to providing professional development

opportunities to its shareholders and descendants. The goal of the Future Leaders

Outreach Program is to prepare Aleut students for those years after graduation. The

Aleut Foundation in partnership with the Afognak Native Corporation will sponsor

a three-day Future Leaders Summit February 8-10, 2014, in Anchorage, Alaska.

During this fun-filled summit, Aleut shareholders and descendants who are high

school students will participate in trainings that will prepare them for entering the

workforce and college/vocational educational institutions. TAF will provide airfare and

lodging for those students who attend the summit.

All Aleut shareholders and descendants who are high school students are encouraged

to participate in the Future Leaders Summit. Call or email for an application.

DEADLINE IS 5:00 P.M . DECEMBER 30 , 2013

Mike Zacharof with APIRT presents TAF

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Aleut Shareholder BenefitsYou have many benefits as an Aleut

Corporation shareholder. Starting in

this newsletter, we are going to share

information from frequently asked

shareholder questions. If you have a

question you’d like to see answered

here, or if you need more information

about your records, email info@

aleutcorp.com or call (800) 232-4882.

Can someone inherit my class

A or B stock?

Yes. When a shareholder dies,

the family sends the Shareholder

Records department a certified

copy of the death certificate. The

Aleut Corporation will also accept

a copy of an obituary as legal notice

a shareholder has passed. Staff will

then begin the stock inheritance

determination process. Once that is

complete, the transfer of shares will

take place.

How do I receive burial

assistance?

The Aleut Foundation provides burial

assistance for shareholders. They also

require a certified copy of the death

certificate. The Aleut Foundation

is a separate entity from the Aleut

Corporation, so the death certificate

needs to be provided to both

organizations.

Aleut Stock QuestionsCan I will my stock to someone?

Yes. You may do this one of two ways:

1. By filling out a Stock Will Form or

2. By having a written will.

It is very important to have one of these two

items in your Shareholder Records file. A

Stock Will form or a will that states “ALEUT

CORPORATION STOCK” lets the Aleut

Corporation Records Department know

who you would like your Aleut stock to go

to after your death. Village Corporation stock

wills are different and do not designate how

Aleut Corporation stocks will be transferred.

If a shareholder has a village corporation

stock will but not an Aleut Corporation

stock will, the stock will be transferred

according to Alaska Intestate Succession laws.

If you will your stock to a person who is not

an Alaska Native or descendant of an Alaska

Native, that person will hold NON-VOTING

STOCK. Non-Voting Stock cannot participate

in annual election of board of directors or

receive Elder dividends.

Is it easy to complete a Stock Will?

Yes, it is very easy, and very important to

complete a Stock Will.

Step 1: Go online to http://www.aleutcorp.

com/shareholders/forms or call the Aleut

Corporation to mail you a Stock Will form.

Step 2: Fill out the form in percentages.

Make sure your shares designated equal 100

percent. For example, if you have 150 shares

and you want to will them to two relatives in

equal amounts, put in 50% for each relative,

not 75 shares.

A Stock Will is not valid if it is not

completely filled out or signed in the

presence of a notary public or two

witnesses that are not beneficiaries of

the stock.

Shareholders who file a valid Stock Will

will be entered into a monthly drawing

for a chance to win $100. Revised Stock

Wills are also entered into the monthly

drawing. If you submit a new Stock Will

with no changes from the last one on file,

you will not be entered into the monthly

drawing.

Can I just tell someone who I

want my stock to go to?

Oral statements made by a shareholder

cannot be used to determine the lawful

heirs of a stock.

What happens if I don’t have an

Aleut Corporation Stock Will or

a will?

Without a will or an Aleut Corporation

Stock Will, the Aleut Corporation will

issue your Class A or B shares according

to Alaska law.

When do my heirs receive the

stock?

Once a final determination of heirs has

been made, the 30-day appeal period has

ended, and all required documents have

been received, the Shareholder Records

Department will issue new stock

certificates to the heir(s). Any accrued

but unpaid dividends will also be paid

to the heir(s).

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CondolencesThe Board of Directors and the staff of the Aleut Corporation would like to extend their sincere condolences to the families and friends of shareholders who have recently passed away.

CYNTHIA MELOVIDOVAge: 41 St. Paul Island, AK

STEVEN ANDERSONAge: 56 Everett, WA

HUBERT MCCALLUM SR.Age: 92Sand Point, AK

MYLES THOMASAge: 63, East Chicago, IN

NICK NEVZOROFF Age: 72, Atka, AK

LORETTA ZAOCHNEYAge: 60Atka, AK

LYDIA HANCOCKAge: 67Poulsbo, WA

ROBERT COVERTAge: 59Watkin Glen, NY

NINA GRONN Age: 75Kodiak, AK

ZENIA KAY FEENSTRAAge: 49Chugiak, AK

LINDA DAHL Age: 63Anchorage, AK BONNIE SILVAAge: 69Hayward, WA

Jacole Mack

Robert Mack

Kenneth Mack, Jr.

George Bourdukofsky

Rachel Bourdukofsky

Eugene Bourdukofsky Jr.

Evelyn Philemonoff

The Aleut Corporation Board of Directors welcomes the following shareholders who have received Aleut Corporation stock through inheritance or gifting.

Welcome New ShareholdersThank You

The Aleut Corporation would like to express our sincerest thanks to Carl Moses,

Debra Mack, and Elary Gromoff for their service. We are blessed to have such

dedicated board members and wish you luck in your future endeavors.

Carl Moses 6 years of service (2007-2013 )

Debra Mack 15 years of service (1998-2013)

Elary Gromoff 18 years of service (1995-2013)

Aleutian Financial, Inc. can help. Call

us today to learn more about available

resources for home purchases in the

Aleutian/Pribilof Island Region.

CALL LORI CANADY AT (907 ) 350 -3381. NMLS #51427

Aleutian Financial, Inc.

5099 E. Blue Lupine Dr., Ste. 215

Wasilla, AK 99654-8914

Aleutian Financial, Inc. is an Equal

Housing Lender. ALASKA NMLS

#10000198

Purchasing a Home in the Aleutian/Pribilof Islands?

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PRSRT FIRST CLASSU.S. POSTAGE

PAIDPermit #69

Anchorage, AK

A L E U T W O R D

Ruuzdistvachxiiza{

imis anuxtakuq.

I wish you a nice Chr istmas .

HAPPY HOLIDAYS TO YOU AND YOUR FAMILY FROM THE ALEUT CORPORATION

The AleutCorporation Board of DirectorsDICK JACOBSENChair

TARA BOURDUKOFSKY Vice Chair

JENIFER NELSON Vice President

O. PATRICIA LEKANOFF GREGORYSecretary/Treasurer

GARY FERGUSON Director

SHARON LINDDirector

STANLEY MACKDirector

DEBI SCHMIDT Director

VINCENT TUTIAKOFF Director

One Aleut Plaza4000 Old Seward Highway, Suite 300Anchorage, Alaska 99503

Phone Number: 907.561.4300Toll-Free: 800.232.4882Fax Number: 907.563.4328Email: [email protected]: www.aleutcorp.com

Shareholder AffairsEmail: [email protected]

The Aleut Corporation reserves the right to edit and revise all news items submitted for publication.

TAC StaffEXECUTIVE & SHAREHOLDER AFFAIRSThomas Mack, PresidentDavid Gillespie, CEOJanet Reiser, Director of Business & Resource Development Memry Dahl, Human Resources DirectorChris Lace, Administrative ManagerAngela Bourdukofsky, Shareholder Relations ManagerSilvia Leon-Guerrrero, Shareholder Records TechnicianSharayah Foster, Executive Assistant Maggie Samuelson, Receptionist

FINANCE & ACCOUNTINGTracy Woo, CFO & General CounselLionel Campos, Controller Jon Ruberts, Financial AnalystJoe Kashevarof, Asst. ControllerMargaret Sealock, Senior Staff Accountant Dave Nevzuroff, Accounting ManagerKatherine Gordinier, Accountant Shelly Tuttle, Staff AccountantMarisa Mack, Accounting Specialist

ALEUT REAL ESTATE, LLCTony Cange, PresidentMelvin Smith, Operations Manager