By Michael Beasley

Beasley is voting Yes on the resolution. Please vote Yes.

In our elections, the Board of Directors currently uses discretionary voting. Many shareholders believe this practice creates an uneven playing field by giving sitting directors an advantage in determining future board members. Shareholders have expressed a desire for change. Unlimited eligibility for discretionary votes can discourage new voices from entering board service, especially younger shareholders who want the opportunity to lead.

A practical solution is to adopt a two-term limit for directors to be eligible to receive discretionary votes. After two terms, directors could still run for re-election – using directed votes like every other candidate. This approach promotes fairness, encourages accountability, and strengthens trust in the election process. This resolution is a strong policy because it is fair, neutral, and forward-looking. It opens the door for new leaders, supports healthy board rotation, and enhances the integrity of Sealaska’s elections. Shareholders deserve a pathway that ensures fairness and opportunity for all future generations.

Vote Yes to support updating how discretionary voting is used in the Sealaska proxy. If you’re unsure – vote Yes to support a more transparent and equitable election process.

Thank you.