2022 Annual Report in Review
Thursday, May 4, 2023

At Sealaska, our work creates possibility for generations to come. This year’s annual report was centered around the endless possibilities to come in our next 50 years — and beyond. No matter the challenges our people may face, Sealaska remains dedicated to serving you and future generations of our descendants. We are committed to providing shareholder benefits and continue to focus on shareholder priorities even as we grow our businesses around a vision of healthy oceans, restoring much-needed balance to our planet.
This vision isn’t just a beautiful dream — it’s good for business, too. Sealaska’s businesses continued to grow income and cash flow in 2022, despite economic challenges, inflationary pressures and the impact of the war in the Ukraine on supply chains. However, these worldwide economic events did negatively affect stock and bond markets, resulting in a large decline in investment income for Sealaska, which had a significant impact on our overall 2022 results.
This decline in income Sealaska faced in 2022 stems from two sources we believe to be one-off events — impacts that we won’t continue to see year after year. The first of these factors is a drop in investment income based on the year’s negative investment market environment. During 2022, our overall investment portfolio, which started the year at $372 million, lost $15 million. The other is the one-year absence of income from carbon credit sales, which has been a significant contributor to Sealaska’s income over the past five years. Sealaska believes carbon credit income to be a positive long-term income source, and we forecast the return of carbon income in 2023 and for years to come. Together, these two atypical financial circumstances resulted in the bulk of the decline of Sealaska’s 2022 net income in comparison to 2021. And we have already begun to recover.
We have faced challenges before, and we will again. Together as people, we are the living embodiment of thousands of years of growth, knowledge and love. We are all intertwined, through ancestors and place, culture and language, yesterday and tomorrow. And we will continue to forge a vibrant future — for the planet, for our communities and for our people.
The 2022 Annual Report is now available — please visit https://mysealaska.com/Services/AnnualReports to learn more.
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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 …