The Bering Straits Native Corporation (BSNC) Board of Directors has declared a record-high dividend of $10.25 per share, a 7.9% increase over the 2021 shareholder dividend. This distribution will be paid by Dec. 31 to shareholders (on record as of Nov. 28) through the BSNC Beringia Settlement Trust, and is not taxable. Shareholders who own...
The Bering Straits Native Corporation (BSNC) Board of Directors has voted to declare a 2022 Elder dividend of $1,500. This Elder dividend will be paid to original BSNC shareholders who are 65 years of age or older on the record date of Nov. 7. This distribution will be paid by Dec. 31 through the BSNC...
At a BSNC Board of Directors meeting held on Aug. 9, 2022, Isaiah (Ike) Towarak was appointed to fill the Board seat previously held by the late Henry Ivanoff Sr. Towarak, who resides in Unalakleet, will serve the remainder of the late Chairman Ivanoff’s term until the 2023 Annual Meeting election. Towarak was selected from...
BSNC mourns the unexpected passing of former BSNC Board Director Percy Nayokpuk. Percy was elected to the BSNC Board in 1985, and served for thirty years on the Board. Percy was an active and dedicated community member who valued and practiced our subsistence way of life. He also spent many years marketing Native art at the Alaska Federation of Natives annual...
When BSNC shareholder Myrtle Fagerstrom retired from a long and successful management career in the airline industry in 2018, managing a busy hotel operation was the last thing she could have imagined doing. Nonetheless, within a year of retiring, Fagerstrom, who thrives under pressure, was back at work for Norton Sound Health Corporation when BSNC...
BSNC welcomes Amber Ongtowasruk as an HR intern. She recently graduated from AVTEC in Seward where she received Accounting Specialist and Administrative Assistant certificates. After her internship, she plans to continue working towards a bachelor’s degree in Accounting. Ongtowasruk’s traditional name is Ublugiaq. She is from Wales and Nome. Her parents are Ron and Gerri...
The BSNC Board of Directors has elected new officers. The Chairman seat was vacant due to the passing of longtime Board Chairman Henry Ivanoff Sr., who passed away on March 30, 2022. BSNC Vice Chairman Lee Ryan was elected as Chairman. BSNC also elected Cindy Towarak Massie as Vice Chairman, Eugene Asicksik as Secretary, and...
BSNC is pleased to announce the hire of Kim Cunningham as Chief Financial Officer (CFO). Cunningham joins BSNC from NANA Regional Corporation (NANA), where she served as Senior Vice President and CFO for the corporation and its wholly-owned subsidiary, NANA Development Corporation (now Sivu, LLC). “Kim is a welcome addition to our Executive Team,” said...
The Alaska Business Hall of Fame has announced its selection of BSNC President & CEO Gail R. Schubert as a Laureate Inductee. Under her leadership, revenues have grown from $14 million in fiscal year 2003 to $543 million in fiscal year 2022. In the last decade alone, BSNC distributed $48 million in shareholder benefits, representing...
A vacancy has occurred on the Board of Directors of Bering Straits Native Corporation. The board will consider an appointment to this seat at a special meeting to be held in July 2022. In accordance with the corporate bylaws, the person appointed to fill the vacancy will serve until the annual shareholder meeting in 2023....
