Restated Trust Agreement Vote

The Trustees of the Natives of Kodiak Shareholder Permanent Fund (the “Trust”) are proposing certain amendments to the existing Trust (including an expansion of allowable Beneficiary benefits), which are reflected within the enclosed Restated Trust Agreement. All current Trust Beneficiaries owning Trust Units with voting rights are being asked by the Board of Trustees to vote “YES” to approve the proposed changes during the period of April 2, 2018 to June 30, 2018. Voting on the Restated Trust Agreement is being conducted through mailed ballot to Sramek-Hightower CPAs, ballot delivery to NOK’s Corporate offices or by online vote only. To keep expenses to a minimum, there will be no in-person meeting held regarding this proposal, however, you are encouraged to contact the NOK office at (907) 486-3606, toll-free at (800) 648-8462 or by email at with any questions you may have. Approval by two-thirds of the outstanding Trust Units with voting rights is required to approve the Restated Trust Agreement. Cumulative voting will not apply. Once cast, votes are final and may not be changed. If the Restated Trust Agreement is adopted, it will become effective July 1, 2018.

For more information click the link below.

Restated Trust Agreement Vote 

NOK Annual Meeting and Election Notice

The 44th Annual Meeting of Shareholders of Natives of Kodiak, Inc. will be held on Saturday, September 15, 2018 at 10:00 a.m. in Kodiak, Alaska at the Kodiak Convention Center, 236 West Rezanof Drive. Sign-in will be at 9:30 a.m. with a buffet luncheon provided.

Elections for three (3) people to the NOK Board of Directors for three-year terms ending in 2021 will be held at the Annual Meeting. If you are interested in having your Board candidacy included in NOK’s Proxy Statement, please submit the following to the NOK office no later than close of business June 8, 2018; completed nominee agreement and candidate disclosure forms, letter of intent and a brief biography.If you have any questions about materials to provide or about serving on the NOK Board of Directors, please contact the NOK office and we will be happy to assist you. You may also obtain a copy of the NOK Election Policies and Procedures from the NOK office.

For more information click the link below.

Election Notice 

In 2002, the Board of Directors of Natives of Kodiak, Inc. (NOK) recommended creation of the NOK Shareholder Permanent Fund Trust (the “Trust”) to the shareholders of NOK with the purpose of promoting the health, education and welfare of Trust beneficiaries and preservation of the heritage and culture of Alaskan Natives through principal means of beneficiary distributions.  On September 21, 2002, NOK shareholders overwhelmingly approved the creation of the Trust, by vote, at the 28th Annual Shareholders’ Meeting.  In November of 2002, NOK’s Board of Directors elected to fund the NOK Shareholder Permanent Fund Trust with transfer of NOK shareholder assets.  On December 28, 2002, NOK transferred assets with a market value of $14,113,272 to the Trust.

At year-end 2017, Trust balance had grown to $16,787,209, net of 2002-2017 total beneficiary distributions of $13,141,309.

The Trust is an independent legal entity organized under Alaska law and is governed by a nine-member Board of Trustees.

2018 Distribution Dates

March 31st
June 30th
September 29th
November 30th

2018 Distribution Change Deadlines

February 16th
May 18th
August 17th
October 19th

New direct deposit authorizations, or changes to existing authorizations, must be submitted to NOK six weeks prior to any regular distribution (see change deadlines above).  Direct deposit authorizations received after the deadline will be processed for the next Trust distribution date.  Direct deposit authorization forms may be downloaded or may be obtained by contacting the NOK office.  Address changes and/or name changes are accepted up to two weeks prior to any regular distribution.