Message to Shareholders
We successfully completed another annual meeting, where we reached our quorum goal of 60 percent! Thank you to all our shareholders who took the time to vote in this year’s board election. Congratulations to Erica Frankson, Chris Simon, Wally Carlo and Jennifer Fate on their reelection to the board. This year’s annual meeting theme, Transformation, is reflective of how far our company has come since its inception as well as the forward-looking, long-term view our board and staff have for our company’s future.
During the annual meeting, we announced our 2018 Shareholder of the Year award recipients. I would like to congratulate our 2018 recipients: Citizen of the Year Rhonda Pitka of Beaver; Daaga’ Community Service awardee Marjorie Attla of Galena; and Hannah Paul Solomon Elder of the Year awardees Lina Demoski of Anvik and the late Hudson Sam, Sr. of Huslia. You can read more about these deserving individuals in this newsletter.
As a strong supporter of Alaska Native language revitalization, Doyon is proud to have had shareholders Eliza Neelteloyeeneelno Jones and Dewey Kk’ołeyo Hoffman as this year’s annual meeting keynote speakers. Neelteloyeeneelno co-authored the Koyukon Athabascan (Denaakk’e) Dictionary and Kk’ołeyo serves as a teacher with the Fairbanks Native Association’s Indigenous Language Project. They did a phenomenal job presenting and even taught all of us a few words in Denaakk’e.
Two topics that seemed to dominate the discussion at both Tanana Chiefs Conference’s Convention and Doyon’s annual meeting were exploring for oil and gas in the Arctic National Wildlife Refuge (ANWR) and our support of Stand for Alaska in opposition to a ballot initiative. Doyon and its board of directors have well-thought-out positions on each of these issues.
As you may have read in last month’s e-newsletter, Doyon supports Stand for Alaska, which is a group that opposes the Stand for Salmon ballot initiative and House Bill 199, which is largely the same. Both seek to dramatically overhaul current Alaska permitting processes, which would be detrimental to our state’s economic advancements and very costly for Doyon.
Last December, Congress passed a tax bill that included provisions opening the ANWR 1002 Area for oil exploration and possible development. Doyon has a long-standing position of supporting the opportunity to responsibly explore and develop the ANWR 1002 Area. That area is about 1.5 million acres of the 19 million acres in the Refuge. Oil exploration and development in this area would potentially provide work opportunities for our oil and gas companies, like Doyon Drilling, which would lead to profits, shareholder employment and training opportunities.
Read more about Stand for Alaska and Doyon’s stance on ANWR development later in this newsletter. As always, thank you for your continued support of Doyon and the work we do.
Aaron M. Schutt
President & CEO