Shareholders Return Questionnaires to be Eligible for Participation Committees

How much do shareholders know about their corporation? The results of the Shareholder Participation Committee questionnaire provide interesting insights into this question. Filled out by shareholders interested in serving on a Shareholder Participation Committee, this year's questionnaire consisted of four questions. Shareholders had to answer all four questions correctly to be eligible to be included in the drawing to serve on the committee. The four questions, their answers, and the percentage of shareholders that answered correctly and incorrectly are shown below (correct answers in bold blue):

1. Can a CIRI shareholder will his or her CIRI shares to a non-Native?

• Yes.
• No.
  (79% correct, 21% incorrect)

2. Where can you find a list of Shareholder Participation Committee members?

• On the CIRI web site.
• In CIRI's proxy statement.
• In CIRI's annual report.
• All of the above.
  (62% correct, 38% incorrect)

3. If a shareholder owns 100 voting shares of CIRI stock, in an election of directors wherein five CIRI directors will be elected, how many votes can he or she cast?

• 100. (82% correct, 18% incorrect)
• 500.

4. Are all of the members of the CIRI Board of Directors Alaska Natives?

• Yes.
• No.
  (87% correct, 13% incorrect)

A total of 877 questionnaires were filled out. Of those, 791, or approximately 90 percent, were ineligible because they contained at least one wrong answer. Eighty-six questionnaires, or 10 percent, correctly answered all the questions, making those shareholders eligible for the drawing.

New Shareholder Participation Committee Members Selected

Shareholder Participation Committees increase communication between shareholders and the company. Three separate Shareholder Participation Committees represent shareholders living in Anchorage, in Alaska outside Anchorage, and in the Lower 48 states and Hawaii. Each committee has nine members who serve staggered, three-year terms. The following CIRI shareholders correctly answered the Shareholder Participation Committee Questionnaire and were selected to replace the outgoing committee members.

Anchorage Committee:
Harold Lynn Anderson
John C. DeMott
Donald Andrew Harper
Kimberly Sue Kashevarof-Costa
Caye Marie Moberg
Mark Aaron Teresin

Alaska Committee:
Grant Alexander Encelewski, Kenai
Richard Rudolph Koso, Adak
Laura Jean Kroto, Soldotna
Monika Louise Scott, Big Lake
Ronald Charlie Winkelman, Fairbanks

Lower 48 Committee:
Erik Inar Frostad, Kailua-Kona, Hawaii
Angela Fry Tucker, Trussville, Ala.
James Carlton West, Cameron, Okla.