doyon,limited€¦ · doyon, limited shareholders received a dividend of $6.18 per share, or $618...

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Doyon, Limited December 2017 | Volume 48, No. 12 Remaining Dialogue with Doyon Gatherings to be Held in January Transformation – Save the Date for 2018 Annual Meeting 2 Message to Shareholders 3 Dividend Distributed 3 Christmas is for Kids 4 Holiday Artwork Contest 4 Deadlines and Reminders 5 AFN Land Resolution 6 DAL Contract 6 New Exploration Well 7 Shareholder Spotlight 7 In the Community 8 Condolences 8 Calendar doyon.com Doyon, Limited’s 2018 annual meeting of shareholders will take place on Friday, March 16, 2018, at the Westmark Fairbanks Hotel at 813 Noble St. in Fairbanks, Alaska. The theme of the 2018 meeting is “Transformation.” At the meeting, four directors will be elected to serve three-year terms on the Doyon board. Current directors whose terms expire at the March 2018 annual meeting include Walter “Wally” Carlo, Jennifer Fate, Erica Frankson and Christopher Simon. More information regarding the board election is available on the Doyon website, www.doyon.com. The Doyon annual report and proxy materials will be mailed to all voting shareholders on January 23, 2018, unless shareholders opted in for electronic delivery. Those who opted in for electronic delivery will receive an email sent to the email address provided to the Doyon records department. This email will include all annual meeting materials, as well as the link and instructions for online voting via the eProxy site. Online voting via eProxy will be available starting January 23. Shareholders are encouraged to return their proxy by mail or online by the early bird deadline on Friday, February 16 at 5 p.m. AKST to be eligible for all early bird and annual meeting prizes. This year, early bird and annual meeting prizes total $21,000. In addition to the board election, Shareholder of the Year awards will also be presented at the 2018 annual meeting. Awards to be presented include the Hannah Paul Solomon The remaining Dialogue with Doyon gatherings will take place in Anchorage and Seattle in January. January 18 – Anchorage Dialogue with Doyon, 6 – 8 p.m. AKST, ChangePoint Alaska, 6689 Changepoint Drive January 27 – Seattle Dialogue with Doyon, 1 – 3 p.m. PST, Seattle Airport Marriott, 3201 S 176th Street The annual Dialogue with Doyon gatherings provide an opportunity for shareholders to learn more about current Doyon Family of Companies goals and shareholder opportunities, and to ask questions and share thoughts and concerns about Doyon with board members, senior management and staff. At the meetings, shareholders are also able to update records information, including address changes, stock wills and direct deposit. Each shareholder who attended Dialogue with Doyon gatherings in Shageluk, Northway and Fort Yukon in October was entered in a drawing for a trip to the 2018 Doyon annual meeting. continued on page 3 continued on page 2

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Page 1: Doyon,Limited€¦ · Doyon, Limited shareholders received a dividend of $6.18 per share, or $618 per 100 shares, on December 5, 2017. Dividends were either mailed to valid addresses

Doyon, Limited

Doyon,LimitedDecember 2017 | Volume 48, No. 12

Remaining Dialogue with Doyon Gatherings to be Held in January

Transformation – Save the Date for 2018 Annual Meeting

2 Message to Shareholders

3 Dividend Distributed

3 Christmas is for Kids

4 Holiday Artwork Contest

4 Deadlines and Reminders

5 AFN Land Resolution

6 DAL Contract

6 New Exploration Well

7 Shareholder Spotlight

7 In the Community

8 Condolences

8 Calendar

doyon.com

Doyon, Limited’s 2018 annual meeting of shareholders will take place on Friday, March 16, 2018, at the Westmark Fairbanks Hotel at 813 Noble St. in Fairbanks, Alaska. The theme of the 2018 meeting is “Transformation.”

At the meeting, four directors will be elected to serve three-year terms on the Doyon board. Current directors whose terms expire at the March 2018 annual meeting include Walter “Wally” Carlo, Jennifer Fate, Erica Frankson and Christopher Simon. More information regarding the board election is available on the Doyon website, www.doyon.com.

The Doyon annual report and proxy materials will be mailed to all voting shareholders on January 23, 2018, unless shareholders opted in for electronic delivery. Those who opted in for electronic delivery will receive an email

sent to the email address provided to the Doyon records department. This email will include all annual meeting materials, as well as the link and instructions for online voting via the eProxy site.

Online voting via eProxy will be available starting January 23. Shareholders are encouraged to return their proxy by mail or online by the early bird deadline on Friday, February 16 at 5 p.m. AKST to be eligible for all early bird and annual meeting prizes. This year, early bird and annual meeting prizes total $21,000.

In addition to the board election, Shareholder of the Year awards will also be presented at the 2018 annual meeting. Awards to be presented include the Hannah Paul Solomon

The remaining Dialogue with Doyon gatherings will take place in Anchorage and Seattle in January.

• January 18 – Anchorage Dialogue with Doyon, 6 – 8 p.m. AKST, ChangePoint Alaska, 6689 Changepoint Drive

• January 27 – Seattle Dialogue with Doyon, 1 – 3 p.m. PST, Seattle Airport Marriott, 3201 S 176th Street

The annual Dialogue with Doyon gatherings provide an opportunity for shareholders to learn more about current

Doyon Family of Companies goals and shareholder opportunities, and to ask questions and share thoughts and concerns about Doyon with board members, senior management and staff. At the meetings, shareholders are also able to update records information, including address changes, stock wills and direct deposit.

Each shareholder who attended Dialogue with Doyon gatherings in Shageluk, Northway and Fort Yukon in October was entered in a drawing for a trip to the 2018 Doyon annual meeting. continued on page 3

continued on page 2

Page 2: Doyon,Limited€¦ · Doyon, Limited shareholders received a dividend of $6.18 per share, or $618 per 100 shares, on December 5, 2017. Dividends were either mailed to valid addresses

Communications

President & CEOAaron M. Schutt

[email protected]

Doyon, Limited 1 Doyon Place, Suite 300 Fairbanks, Alaska 99701-2941

Phone 907-459-2000 Fax 907-459-2060 Toll-Free 1-888-478-4755

www.doyon.com

Follow us on social media for up-to-date Doyon, Limited news and events.

Dear Shareholders,

It has been a busy few months since my last message to you – and with the holidays upon us, it is sure to get busier!

Earlier this month, Doyon announced that we will drill a

new oil and gas exploration well, called Totchaket #1, in the Nenana/Minto basin in summer 2018. This decision comes after the 3D seismic program we conducted over a 64-mile area in the basin last winter. The results from this program were better than anticipated and identified several promising areas to drill a new well. Previous wells drilled by Doyon in the basin identified both natural gas and oil, but the results weren’t commercially viable. For the first time, we saw trapped hydrocarbons in the results from the 3D seismic testing. These results are very promising and we look forward to updating you on the effort as it progresses.

In addition to oil and gas, fish are another important resource to us as a people. I am co-chairing the Stand for Alaska effort, which opposes a potential ballot initiative called Stand for Salmon that suggests it is saving salmon by protecting anadromous fish habitat. Doyon already supports salmon. We love salmon. What we don’t like about the Stand for Salmon initiative is that it doesn’t add any benefits to fish habitat that aren’t already protected by law and regulation. Permitting is already strict in Alaska, as it should be.

If the rules proposed by the initiative had existed in the past, Alaskans wouldn’t have the Trans-Alaska Pipeline System, Red Dog Mine, or the Seward, Parks and Denali Highways. State officials from the Departments of Transportation and Natural

Resources recently signed sworn affidavits testifying to these results.

If this initiative becomes law, Alaska communities will be subjected to unnecessary regulations resulting in the delay or cancelation of seemingly simple infrastructure projects, such as installing culverts near a waterway. The regulations would also increase the costs and time required to complete projects. In some cases, this even has the potential to impact future 7(i) distributions by ANCSA regional corporations because of having to renew permits. I urge you, if asked to sign a petition to “stand for salmon,” please decline.

Finally, I am pleased to report that Doyon achieved its second-highest year of profitability in the company’s history. This success, which comes despite the state’s challenging economic climate, is due in large part to the hundreds of employees who give their all to Doyon. More details about Doyon’s financial performance will be shared in the 2017 annual report. We will mail or email the report to shareholders on January 23, 2018. I thank all of you who opted in to receive your annual report electronically. Your decision helps us reduce our use of paper, while helping save money on printing and mailing expenses.

I wish each of you a safe and happy holiday season, a merry Christmas, and a very prosperous New Year. I look forward to continuing to work with and for you in 2018, and I thank you for your continued support of Doyon and our employees.

Sincerely,

Aaron M. Schutt President and CEO

Walter “Wally” Carlo | ChairPJ Simon, Jr. | Vice ChairMiranda Wright | TreasurerChristopher Simon | SecretaryShirley Cleaver Jennifer FateErica FranksonJerry IsaacGeorgianna LincolnEsther M. McCartyBrian RidleySonta RoachOrie G. Williams

Message to Shareholders

Board of Directors

Shareholder News

December 2017

Elder of the Year, the Daaga’ Community Service Award and the Doyon Citizen of the Year. The Doyon board of directors reviewed nominations and made their selections at the November board meeting in Fairbanks.

For additional updates about the 2018 annual meeting, visit Doyon’s annual meeting webpage at www.doyon.com, or watch for information in the Doyon newsletter and on social media.

Annual Meeting continued from page 1

Page 3: Doyon,Limited€¦ · Doyon, Limited shareholders received a dividend of $6.18 per share, or $618 per 100 shares, on December 5, 2017. Dividends were either mailed to valid addresses

Shareholder News

Dividends Mailed or Direct Deposited Dec. 5 Doyon, Limited shareholders received a dividend of $6.18 per share, or $618 per 100 shares, on December 5, 2017. Dividends were either mailed to valid addresses on file with the Doyon records department or deposited into bank accounts of shareholders who signed up for direct deposit.

The deadline to sign up for direct deposit was November 7, and the deadline for address updates and Class C enrollment applications for the 2017 dividend was November 20.

Shareholders with bad addresses on file WILL NOT

receive a dividend until records has a valid address on file. Shareholders needing to make an address update should contact the records department at 1-888-478-4755 (toll-free), 459-2040 (in Fairbanks) or [email protected]. Please note that address updates can only be made by contacting the records department directly. Updates will not be accepted through program applications, the Doyon Talent Bank or otherwise. A current list of shareholders with bad addresses on file can be found on the Doyon website, www.doyon.com.

For a list of frequently asked questions, visit the Doyon dividends webpage at www.doyon.com/dividends.

Shareholders Receive Dividend of $6.18 per Share

Fundraising for the annual Christmas is for Kids program is underway for the holiday season. The program, which provides Christmas gifts to children in Doyon region communities, is primarily funded by Doyon, Limited employee payroll contributions and fundraising by the Doyon Facilities team through local business sponsorships and lunch fundraisers.

For example, on November 17, Doyon Facilities held a lunch fundraiser at the Chief David Salmon Tribal Hall during the Tanana Chiefs Conference Christmas bazaar. Facilities served their Indian tacos to bazaar visitors at a donation of $10 per plate.

On December 8 – 9, Facilities also held a daily lunch fundraiser during the Doyon holiday bazaar. The holiday bazaar took place from 10 a.m. to 6 p.m. daily, and Facilities served lunch at a donation of $10 per plate.

Generally, the program is able to provide gifts to children in two to three Doyon communities. Last year’s successful fundraising efforts enabled the program to provide gifts in 10 communities: Alatna, Tetlin, Healy Lake, Dot Lake, Rampart, Stevens Village, Tanacross, Allakaket, Grayling and Northway. The communities that receive gifts from the program rotate yearly.

In addition to providing gifts for children, turkeys were also delivered to the Nenana, Galena and Tanana Elders homes last year. Doyon Facilities also made lunch for the residents of the Denali Center Long Term Care located in Fairbanks.

To learn more about Christmas is for Kids and how to contribute, please contact Doyon Facilities at 1-888-478-4755 (toll-free), 459-2100 (in Fairbanks) or [email protected].

Fundraising Begins for Christmas is for Kids

doyon.com 3

Remaining Dialogue with Doyon Gatherings continued from page 1

Congratulations to Gladys Woods from Fort Yukon, who won one round-trip airline ticket and lodging to attend the upcoming annual meeting to be held Friday, March 16, 2018, in Fairbanks.

Shareholders who attend the meetings in Anchorage and Seattle will be entered in another drawing to attend the 2018 annual meeting of shareholders. Shareholders are encouraged to share the Doyon events posted to Facebook with friends in these communities as a reminder to attend.

There will also be Doyon swag giveaways, a $100 cash door prize and refreshments served at the upcoming meetings. In addition to visiting with Doyon staff, board members and other shareholders, the meetings held in Anchorage and Seattle are great opportunities to visit with those from the Interior.

For more information on Dialogue with Doyon, please contact shareholder outreach at 459-2085 (in Fairbanks), 1-888-478-4755 (toll-free) or [email protected].

Page 4: Doyon,Limited€¦ · Doyon, Limited shareholders received a dividend of $6.18 per share, or $618 per 100 shares, on December 5, 2017. Dividends were either mailed to valid addresses

Shareholder News

Doyon, Limited

4 December 2017

Congratulations to Lilly Montoya, age 9, of Anchorage, for winning first place in the 2017 Doyon, Limited holiday artwork contest. Montoya submitted a mixed-media sketch and crayon drawing of a Christmas tree surrounded by Alaska animals and the Big Dipper. In addition to winning the first-place prize of a 128 GB engraved mini iPad, Montoya’s art was featured on Doyon’s annual shareholder holiday calendar, which was sent to Doyon shareholders earlier this month.

Second-place winner, Olivia Boyles, age 9, of Fairbanks, painted a Christmas-themed family portrait using acrylic paints she won last year for her third-place entry in the holiday art contest. This year, Boyles won art supplies and a $50 gift card for her entry.

Third-place winner, Michael Maillele, age 12, of Anvik, used colored pencils to draw an outdoor scene with Alaska animals and a live Christmas tree against a mountainous background.

The holiday artwork contest was open to Doyon shareholders and shareholder direct descendants between the ages of 5 – 17 years old. Submissions were sought via the Doyon shareholder newsletters and Facebook announcements, and were due by October 13, 2017.

“This year we had a superb amount of creative submissions for the holiday artwork contest that made it very difficult to choose winners,” said Lessa Peter, Doyon communications specialist. “We thank all of the participants and look forward to next year’s entries.”

Congratulations to Doyon Youth Holiday Artwork Contest Winners

Second-place art by Olivia Boyles, age 9, of Fairbanks

Third-place art by Michael Maillele, age 12, of Anvik

First-place art by Lilly Montoya, age 9, of Anchorage

January 12: 2018 Daaga’ Awards Application Deadline, 5 p.m. AKST. For more information and to download an application, visit www.doyon.com/daaga.

January 18: Anchorage Dialogue with Doyon, 6 – 8 p.m. AKST

January 23: Proxy voting begins for Doyon board election.Vote online at https://eproxy.doyon.com.

January 27: Seattle Dialogue with Doyon, 1 – 3 p.m. PST

February 16: Early bird deadline for Doyon board election. Vote by 5 p.m. AKST to be eligible for all annual meeting and early bird prize drawings!

Important Deadlines and Reminders

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doyon.com 5

Shareholder News

doyon.com 5

At the 2017 Alaska Federation of Natives (AFN) convention, a resolution was introduced by Chenega Corporation regarding 14(c) lands. The village corporations raised many questions regarding this resolution, which was not discussed with the village corporations prior to introduction. It was agreed that this resolution would be tabled for further discussion at the next AFN board of directors meeting on December 5, 2017.

The resolution, numbered 17-21, is titled “Lands in Alaska Native Villages Being Held in Trust by the State of Alaska under Sec. 14(c)(3) of ANCSA.” This resolution calls for the Municipal Lands Trustee (MLT) “to use authority under AS 44.33.733(b)1 and 3 AAS 190.410 2 – 190.490 3 to work for Tribal Council and the Corporation to ensure a smooth and effective return of the 14(c)(3) lands to the appropriate Native entity to manage in what they determine to be their own community’s best interest.”

The MLT program in the Division of Community Advocacy (DCA) performs the functions required by federal and state law. This responsibility for accepting and administering municipal trust land is assigned to the Department of Community and Economic Development by state law (AS 44.33.755). The operation of the MLT program is guided by administrative regulation (3 AAC 190.010 - 194.900).

These regulations contain requirements for accepting land transferred under ANCSA 14(c)(3). Those steps include:

1. The MLT program consults local residents to identify ANCSA 14(c)(3) land. This may be through village meetings or through a representative group speaking for the village. The representative group is called the “appropriate village entity” (AVE).

2. After 14(c)(3) land is conveyed to the state in trust, land management decisions are made with advice from the local people.

3. The MLT must receive approval from the AVE before making land decisions.

4. All of the ANCSA village corporations receive their land entitlements by a patent (or interim conveyance until the boundaries are surveyed) from the United States government per the ANCSA 14(c) [85 Stat. 688, 703; 43 U.S.C. § 1601, § 1613(c)].

The Section 14(c) ANCSA is a responsibility unique to Alaska Native village corporations.

The village corporations received land entitlements and resource benefits as proclaimed by ANCSA. Regional corporations do not have ANCSA 14(c) obligations unless merged with certain village corporations.

The 14(c) obligation requires each corporation to re-transfer some of the land to individuals and the community when it receives land from the federal government under ANCSA. The Bureau of Land Management (BLM) surveys these transfers and provides legal descriptions and boundaries for the corporation to use when transferring the land. Completing the surveys is an important step for each village corporation. It helps the corporations address conflicting claims and provides land for community projects.

Each village corporation must decide what is best for its own situation. However, the actual leverage to reconvey lands, and prepare a plan and final agreements will likely come from the community needs and/or individuals who wish to obtain title to their homes. Lack of title may be cause for potential forfeiture of funding for a local project improvement or hinder rightful claims to an inheritance.

Although each village corporation is charged under ANCSA with adjudicating 14(c) claims, Congress mandated the survey responsibility to the United States government, under the direction of the BLM. However, all ANCSA 14(c) adjudication decisions are the responsibility of the village corporation. BLM does not have any oversight authority regarding ANCSA 14(c) transfer decisions. Any disputes over ANCSA 14(c) reconveyances must be resolved between the village corporation and the claimants, subject to judicial review.

The resolution introduced by Chenega was scheduled to be discussed at the December AFN board of directors meeting and updates will be provided in a future newsletter.

1AS 44.33.755 – Land Conveyed in Trust. (b) Transfer of land by sale, lease, right-of-way, easement, or permit, including transfer of surface resources, may be made by the commissioner only after approval of an appropriate village entity such as the traditional council, a village meeting, or a village referendum. This approval shall be by resolution filed with the department.

23 AAC 190.410. General The commissioner will, in his or her discretion, dispose of municipal trust land or interests in it in any manner provided for by AS 44.33.755 (b), under the procedures set out in 3 AAC 190.410 - 3 AAC 190.490. No action purporting to create an interest or legal right to, or in respect of, municipal trust land has any legal effect whatsoever unless it is taken in strict compliance with AS 44.33.755 and this chapter.

33 AAC 190.490. No prescriptive rights No title or interest in municipal trust land will be acquired by adverse possession or prescription.

Resolution Introduced at 2017 AFN Regarding 14(c)(3) Lands

Page 6: Doyon,Limited€¦ · Doyon, Limited shareholders received a dividend of $6.18 per share, or $618 per 100 shares, on December 5, 2017. Dividends were either mailed to valid addresses

Doyon, Limited

6 December 2017

Shareholder News

Doyon, Limited subsidiary, Doyon Associated, LLC (DAL), was recently awarded a pipeline construction project with Hilcorp Alaska, LLC. The project, called Moose Pad, is located on the North Slope to the west of Milne Point and is part of the overall Moose Pad Development Project.

The development to Moose Pad is anticipated to add 10,000 – 15,000 barrels of oil per day to the Trans-Alaska Pipeline System (TAPS). The pad is sized to house up to 70 production and injection wells, which will feed into the pipelines being constructed for the project.

The Moose Pad Pipeline Project for DAL will consist of building two pipelines of approximately 2.5 miles each on new vertical support members (VSMs) from a work ice pad. Construction is expected to take place during the 2018 winter season with mobilization to the North Slope expected to occur sometime after mid-January 2018.

Moose Pad is one of only two new pipeline projects on the North Slope to be sanctioned and built since 2015. Given the

lack of activity on the North Slope due to the low oil prices from the last few years, DAL is excited to be going to work for a new client and looks forward to assisting Hilcorp in their Alaska endeavors.

Because DAL is a member of the North Slope Labor and Construction Agreement, the Moose Pad Pipeline Project will be constructed utilizing resources from Fairbanks’ Local Union Labor Halls. The union halls expected to be utilized on the project are Local 375 (Pipefitters), Local 302 (Operating Engineers), Local 959 (Teamsters), and Local 942 (Alaska Laborers).

“This project is important with not only our company, but also for DAL’s owners (Doyon Oilfield Services, Inc. and Associated Pipe Line Contractors, Inc.) as we establish a new working relationship with a major player in Alaska oilfields,” stated DAL CFO/business manager, Scott Dutton.

For more information regarding DAL, please visit www.doyonassociated.com.

DAL Awarded North Slope Contract

Doyon, Limited announced in late November that it intends to drill a new oil and gas exploration well in the Nenana basin west of Fairbanks during the summer of 2018. The well, to be called Totchaket #1, will be drilled on one of several promising areas identified from a 64-square-mile 3D seismic program conducted earlier this year.

Prior drilling by Doyon in the basin has demonstrated the presence of both natural gas and oil, although those results were not commercial.

According to Doyon President and CEO Aaron Schutt, “We are especially excited about the recent seismic results because, for the first time in this basin, we see trapped hydrocarbons. This could be a game-changer.”

James Mery, Doyon senior vice president of lands and natural resources, noted that the Doyon Nunivak #2 well drilled in 2013 encountered several hundred feet of propane-rich, gas-saturated sandstone. However, the trap holding the gas had apparently failed millions of years ago resulting in leaks that lowered saturation to levels that could not be produced economically. Had the trap not failed, the Doyon team believes that approximately 150 BCF to 180 BCF of natural gas could have been produced, which is enough to supply Fairbanks for more than 25 years. If Totchaket #1 is a success, Doyon estimates that similar amounts of gas could be present.

“Seeing trapped gas and possibly light oil really helps reduce the risk of trap failure we encountered at Nunivak #2, so it is time to drill again,” Schutt said.

Mery added, “Although our primary target is oil, our gas prospects are greater, so it is unfortunate timing to see the Interior Gas Utility (IGU) ready now to commit to a course of action with AIDEA (Alaska Industrial Development and Export Authority), which will tie Fairbanks for at least a generation to imported LNG by truck at much less favorable price projections. This potential IGU purchase also eliminates the option for use of future Nenana gas as well as foreclosing future opportunities to tap into any North Slope gas export line.”

Totchaket #1 will be drilled to a depth of 12,500 feet from a location approximately 20 miles north of the city of Nenana on the east side of the Tanana River. Previous wells have been drilled west of the Tanana River and farther south.

Doyon leases State of Alaska and Mental Health Trust oil and gas interests in 240,000 acres in the Nenana basin, and owns subsurface mineral rights to an adjacent 40,000 acres. The Toghotthele Corporation owns the surface interests above the Doyon-owned mineral rights.

Doyon has been actively exploring for oil and gas resources in the Nenana basin for more than a decade. It has acquired several sets of 2D and 3D seismic data and drilled three exploration wells in the basin to date.

Watch future Doyon newsletters for additional information and updates on the Totchaket #1 project.

Doyon to Drill New Exploration Well in Nenana Basin

Page 7: Doyon,Limited€¦ · Doyon, Limited shareholders received a dividend of $6.18 per share, or $618 per 100 shares, on December 5, 2017. Dividends were either mailed to valid addresses

doyon.com 5

Shareholder News

Shareholder Spotlight: UAF Hockey Captain, Justin Woods Doyon, Limited is pleased to have been involved with

several important community events this fall.

On October 31, a Halloween party was held in the Doyon Plaza for shareholder families. The Doyon Facilities team created a haunted house, held games for kids, and gave out Halloween treats. Thank you to all those who attended in costume, making it such a fun event!

On November 8, two Doyon shareholders, Betty Huntington and Marie Irwin Monroe, were awarded YWCA Alaska/BP Women of Achievement Awards in Anchorage at the Performing Arts Center. The awards honor women who demonstrate commitment to empowering women, and eliminating racism throughout Alaska. Doyon is a proud sponsor of the event.

Doyon in the Community

Doyon, Limited Class C shareholder, Justin Woods, of Fairbanks, was recently named captain of the University of Alaska Fairbanks (UAF) Nanooks hockey team.

Woods is the son of Marsha and Al Woods of Fairbanks. He is also the brother of Hallie, Amanda and Trenton.

Woods has been playing hockey since he was 9 years old. In high school, Woods starred on the West Valley High School hockey team. Before the Nanooks, he made some junior appearances playing with the local Fairbanks Ice Dogs, California Titans and the Lincoln Stars. Now, Woods is the first Alaska Native to be named captain of the UAF hockey team.

In addition to earning the title of captain, Woods, a 6-foot-2, 214-pound defenseman, received the team’s Overall Strongman Award in early September after breaking and re-setting a new weightlifting record previously upheld for over a decade.

“Through the preseason, it’s been very clear that Justin has earned the respect of his teammates and the coaching staff,” stated UAF head coach Lance West in the September UAF news release. “What stands out to me the most about him is how he is such a strong and humble leader. Justin not only has the ability to lead and pull others in, he teaches his teammates how to become leaders as well.”

“I just want to start by saying thank you to the Fairbanks community and Doyon for featuring me in this month’s shareholder spotlight,” Woods said. “It is a great honor to be recognized by Doyon for the achievements in my life. Doyon has been a big support of my dreams and goals. I am very humbled and I hope that I can be a great role model to the Native community in the years to come. Thank you very much, Doyon.”

Doyon welcomes nominations for the monthly shareholder spotlight. To make a nomination, please see the guidelines and complete the nomination form at www.doyon.com.

doyon.com 7

Justin Woods

Betty Huntington Marie Irwin Monroe

Page 8: Doyon,Limited€¦ · Doyon, Limited shareholders received a dividend of $6.18 per share, or $618 per 100 shares, on December 5, 2017. Dividends were either mailed to valid addresses

1 Doyon Place, Suite 300 Fairbanks, Alaska 99701-2941

December 2017

Condolences

Henry B. Agnes, Sr., 88, Nulato, AKCasey Ahkvaluk, 54, Fairbanks, AKGloria J. Albert, 65, Tanana, AKFred Alexander, 87, Minto, AK William R. Amouak, 54, Salem, ORErika J. Baurick, 54, Fairbanks, AK Sandra A. Beatus, 51, Hughes, AK Myrtle C. Beham, 69, Evansville, AKDavid J. Big Joe, Jr., 0, Anaktuvuk Pass, AKRobert O. Brown, 37, Marianna, FLMelinda A. Carlo, 41, Anchorage, AK Alice Carroll, 86, Circle, AKJoshua N. Chesney, 48, Fair Oaks, CAJulia M. Cullip, 93, Iliff, COAda M. Deaton, 72, Beaver, AK Angela O. Demientieff, 75, Holy Cross, AKJareth E. Demientieff, 28, Fairbanks, AKNora P. Drescher, 81, Birch Creek, AKMargie A. Edwards, 60, Holy Cross, AKJoseph W. Gustafson, 47, Fairbanks, AKSavannah L. Hatch, 17, Eagle River, AK Francis T. Henry, Sr., 70, Fort Yukon, AKAngela M. Huntington, 91, Galena, AK Leonard C. Huntington, II, 31, Fairbanks/ Koyukuk, AKElizabeth “Katie” K. Jensen, 50, De Forest, WIMichael S. John, 40, Circle, AKStanley Kardanoff, 83, Fairbanks, AKRodney P. Keraghan, 19, Toledo, IAKatrina M. Kriska, 29, Nulato, AKJoanna V. Madros, 63, Kaltag, AK Johnny B. Maillelle, 52, Grayling, AKJames D. Nathaniel, 69, Fairbanks/ Fort Yukon, AKLoann L Rochna, 64, Seattle, WA Mary F. Talley, 82, Perryville, ARJohn D. Trent, 70, Homer, AKFlo A. Vanduisen, 47, Fairbanks, AK Brittney K. White, 33, Vancouver, WADarrel W. Whitley, 34, Holy Cross/ Anchorage, AKTommie R. Wood, 51, Hillsboro, OR

The Doyon, Limited board of directors and staff extend their sincere condolences to the families and friends of the following shareholders who have recently passed away:

December

25 DoyonOfficesClosedfor Christmas Day

26 DoyonOfficesClosedin Observance of Veteran’s Day

January

1 DoyonOfficesClosedfor New Year’s Day

12 2018 Daaga’ Awards Application Deadline

18 Anchorage Dialogue with Doyon, 6 – 8 p.m. AKST, ChangePoint Alaska, 6689 Changepoint Drive, Anchorage, AK

23 Proxy Voting Opens for Doyon Board Election

27 Seattle Dialogue with Doyon, 1 – 3 p.m. PST, Seattle Airport Marriott, 3201 S 176th Street, Seattle, WA