Sealaska Director Byron Mallott to Focus on Race for Governor

Sealaska director Byron Mallott advised the full board that he would not seek re-election as a board member. His term expires on Saturday, June 28, 2014. The board unanimously voted to keep Byron’s seat open for the independent candidate with the highest number of votes. “As a result the board will leave the fourth board slate name blank and shareholders will decide who will fill the seat,” said Sealaska chair Albert Kookesh.

“I am fully committed to fulfilling my term that ends June 28, 2014,” said Sealaska director Byron Mallott. “Not seeking re-election was a difficult decision, but my bid to be the next Governor of Alaska requires my full attention. I am thrilled to see a qualified candidate contribute to the success of Sealaska, its shareholders and the region.”

Byron is Raven, Kwaashk'i Kwáan clan. He was born and raised in Yakutat, the ancestral home of his mother's Tlingit Clan. He serves as the Kwaashk'i Kwáan clan leader.

“We are grateful for Byron’s commitment to Sealaska and its shareholders while serving as a director and previous CEO,” said Kookesh. “The board fully supports Byron’s decision to focus on his campaign to be the first Alaska Native Governor for the State of Alaska. Byron has provided tremendous service to Sealaska and we believe he will be a remarkable asset to the State of Alaska.”

“We welcome shareholder involvement in the Sealaska election process,” said Rosita Worl, Sealaska board vice chair. “The directors have to meet a fiduciary responsibility to Sealaska. We reviewed the list of independent candidates and the board felt each would represent the interest of Sealaska. Today’s board action reflects an orderly evolution of Sealaska and its directors. There have been two new board members in the last five years, with eight new directors since 2000.”

“Sealaska directors and management have set a clear plan to profitability. We welcome shareholder voices as we execute on this strategic plan,” said Worl.

Sealaska proxy materials will be mailed to voting shareholders on May 15, 2014. Proxy materials will also be made available on www.sealaska.com the same day, with online voting available through MySealaska. The deadline for voting a proxy for the 2014 Sealaska annual meeting of shareholders will be 5 pm Alaska Time on June 26, 2014. Shareholders can also vote at the annual meeting on Saturday June 28, 2014 in Seattle, Washington.

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