In this year’s proxy materials, you will find detailed information about BBNC’s plans to:
1) Create a second ANCSA settlement trust to provide various benefits to BBNC’s shareholders, Alaska Natives and descendants of Natives.
2) Reduce quorum, which is the number of shareholders needed to be present in person or by proxy at shareholder meetings to conduct shareholder business.
During BBNC’s Annual Meeting of Shareholders, BBNC shareholders will have the opportunity to vote on these two matters, in addition to the election of Directors.
BBNC’s Board of Directors recommends that BBNC’s shareholders vote to approve the creation of a new ANCSA Settlement Trust and to reduce quorum by voting ‘APPROVE’ to both resolutions.
These are important matters to be decided upon by BBNC shareholders and we ask that you take a few moments to learn more about them.