2019 Q3 Financial Update
Wednesday, October 30, 2019
In 2018, Sealaska businesses continued to achieve record growth that allowed us to make some of the most significant philanthropic and financial investments for our communities in our corporation’s history. All indications from the 2019 performance expect us to see that trend continue (** please see forward-looking statements in the annual report). Now that we are achieving key financial goals and a stable growth path, Sealaska is more clearly able to refine our vision so that a better future for people and the planet is within reach. Sealaska’s business success is the result of this strategic vision and the company’s commitment to stick to the plan.

Sealaska’s Business Income Continues to Grow
In September 2019, directors toured Independent Packers (IPC), one of three businesses Sealaska operates under Sustainable Foods. Over the last few years, targeted investments in sustainable goods expanded to include three businesses: Orca Bay, Odyssey Foods and IPC.
In 2018, Sealaska made $65 million in net income and we expect stronger net income in
2019. We are building on our strategic vision while operating successful businesses in industries that tie to our values
Business Income
- Natural resources, environmental and water services, and food businesses are all growing year-over-year.
- Why? Having a strategic focus on ocean health keeps us disciplined in our business approach and decision-making.
Investment Income
- Strong stock markets in 2019 should allow us to show growth in investment income.
- Why? Global stock markets are up approximately 15 percent for the year and fixed income and bond markets are also up for the year.
- Investment volatility makes forecasting year-end results difficult as a downturn could happen anytime, but we are currently ahead of last year’s results.
ANCSA Section 7(i)
- ANCSA Section 7(i) income has seen commodity price volatility based on the U.S.–China trade war and we may see lower 7(i) income in 2019 compared to 2018.
Our best strategy to address the ups and downs we see in ANCSA Section 7(i) and investment income is to focus on our business results and to create growth in our own operational income.
**Refer to forward-looking statements on page 25 of the 2018 annual report.
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SHI has an exciting position overseeing their STEAM programming and Post Secondary programming!
We are excited to announce that the results of the 2025 Sealaska election have been certified and are ready to share with all of you.
Congratulations 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.
We 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.
After 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.
Shareholders, 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 birds, it’s your time to fly! Congratulations to our 2024 winners.
Sealaska shareholders are invited to join us at our upcoming in-person and virtual community meetings to learn more about Sealaska business operations, upcoming opportunities and connect with fellow shareholders and descendants.
Sealaska shareholders are now able to view and download their IRS Form 1099-DIV for 2023. Printed 1099 tax forms will be mailed on or before Jan. 26.
Film is a mirror: Sealaska shareholder descendant Miciana Hutcherson reflects on Black History Month
Sealaska shareholders are now able to view and download their IRS Form 1099-DIV for 2022. Printed 1099 tax forms will be mailed on or before Jan. 27.
What Are Shareholders Saying? How does blood quantum impact your life?We asked this simple question and more than 600 shareholders answered, so far. Below are a few of the perspectives we shared via our social channels. Some of these posts you will love. Some you may not. Sealaska has not taking a position, we are …