“Elevated view” Vol. 16, Issue 1 | Winter 2020 Message from the President Gross revenues as of September 2019 Dear fellow UIC Shareholders, As we start 2020, I am pleased to report that UIC is in a strong business position. While we continue to make improvements in our financial performance, initial reports on current reve- nues, modified income, and net income for the Company are all higher than both the planned budget for 2019 and the year-end results of 2018. By successfully meeting our banking covenants and bonding requirements Net income as of September 2019 as well as improving overall financial performance, UIC continues to strengthen its relationships with suppliers and banks. Additionally, all of these accom- plishments greatly enhance our relationships with our customers. I am proud to say UIC has maintained a trend of profitability every month since March of 2018. As we lead up to the 2020 Annual Meeting of Shareholders on June 6, all current indicators suggest continuing growth and improvement for the foresee- able future. Settlement Trust At the June 6th, 2020 Annual Meeting, Shareholders help fund other trust benefits and programs promot- will have the opportunity to further support UIC’s ing the health, education and welfare of trust ben- financial health and themselves by helping establish eficiaries, and may also include descendants as well a Settlement Trust and the tax advantages it offers. as Shareholders. (See the “Information concerning Under federal ANCSA law, a special Settlement Trust UIC Shareholder Trust” included in this Newsletter.) may be established for the Company and its Share- holders. This kind of a Trust has the potential to Lands Lands are at the heart of our corporation, and UIC is provide tax savings to both UIC and its Shareholders proud to report that all of the original holders of 100 on future dividend distributions. In addition to these tax benefits, a Settlement Trust can also be used to Continued on page 2 President's message continued from page 1 On a separate note, we are saddened to have lost shares of UIC stock have been offered and/or have re- many loved ones over the last few months, includ- ceived their Shareholder homesite lots. These home- ing: May Akpik, Michele Brower, Walton Kittick, Ethel site lots were assigned by lottery in random order and Nungasak, Jolene Nashaknik, Lucy Aiken, Wesley Aik- were identified within the Nunavak Bay Subdivision 6, en, Arthur Kingosak, Floyd Sovalik, and Ianjon Brower. Walakpa Bay Subdivision 7, and East Barrow Gasfield Myself and the UIC Board of Directors respectfully Subdivision 8. The majority of the lots were officially offer our utmost respect and sincere, heartfelt con- recorded under the name of UIC’s original Share- dolences to their families and friends. holders or in the name of the Shareholder’s Estate. Quyanaq, UIC is also working on additional ways of providing more housing and land for building homes to both its Shareholders and their descendants. Descendants Delbert J. Rexford, President and CEO UIC offers many opportunities and benefits to Share- holders and their descendants. These benefits in- clude, some funeral and medical emergency support, scholarships and other support from the UIC Founda- Recent UIC Wins tion, the hiring of qualified Shareholders and descen- UIC Government Services dants for available positions within UIC and its family Bowhead Professional Solutions, LLC (BPS) of companies, and working internship opportunities Business Line: Systems and Information Technology that become available from time to time. (S&IT) Group was recently awarded a contract enti- tled: Geospatial Research, Integration, Development On the larger issue of full descendant enrollment into and Support (GRIDS) III for a five-year term to support the corporation, the Board of Directors continues coordinate, integrate, and synchronize geospatial to explore this complex and significant step in the information for the U. S. Army. In addition the Group evolution of UIC, including evaluating all aspects of will develop and field geospatial enterprise-enabled this potential change and its significant impacts on systems and capabilities to the Army and the DoD Shareholder dividends and UIC’s geographic popula- and provide direct geospatial support and products tion base. At UIC’s 2017 Annual Meeting, Sharehold- to our U.S. Warfighters. ers supported a ballot proposal which recommended allowing descendants to participate in UIC’s homesite Bowhead Marine Support Services, LLC (BMSS) of program through enrollment. However, because de- the Logistics and Marine (L&M) Group in Kingsland, scendant enrollment involves many aspects beyond Georgia has been busy growing the marine retail land rights alone, and because the ballot proposal business for commercial and recreational customers. did not address what other rights should or might be Having obtained their full-line Honda Outboard Deal- included if a new class of stock were issued, these ership, they are developing a customer base and have questions still need to be asked and answered. In conducted a variety of repairs from a 700 hour main- order to better understand what it will mean for UIC tenance on twin 225hp engines to a shift shaft repair to add descendants as new Shareholders, UIC will on a 5hp engine. In addition to repairs, Bowhead be seeking out additional methods to examine the is growing the business by selling parts throughout potential descendant population, such as through Southeast Georgia. Additionally, BMSS recently re- descendant registration and increased outreach. ceived their Carolina Skiff Boats and Magic Tilt Trailer dealerships, and is working on the details for the first Any Shareholders or descendants who have ques- inventory order. Other dealerships that are currently tions regarding UIC’s existing Shareholder or Lands being developed include Suzuki and Yamaha Out- programs and benefits can contact the UIC Stock De- board, and Wholesale Marine for various boat parts. partment at (855) 663-8421 or the Lands Department BMSS is filling a marine industry void in the rapidly at (907) 852-4460. growing Southeast Georgia area. Continued on next page 2 UMIAQ Environmental, LLC Recently UMIAQ Environmental, LLC won a two-year UIC BOARD OF DIRECTORS contract to provide sewage lagoon discharge and sampling services to the NSB. They held a similar Price E. Brower, Chairman contract with the NSB for the past 3 years, but just secured a two-year contract that will see them go Ned Arey, Sr., Vice Chairman to Kaktovik, Nuiqsut, Atqasuk, Wainwright and Point Lay to discharge their lagoons, and to AKP to sample Delbert J. Rexford, President and CEO their old sewage lagoon. Lloyd Kanayurak, Vice President Also, UMIAQ Environmental received a new purchase order to provide incident command system (ICS) Richard Ungarook, Sr., Corporate Secretary training to the North Slope Borough-Public Works this past January. This training is regulatory-required Beverly J. Shontz Eliason, Treasurer spill response training for the more management lev- el staff versus the ‘boots on the ground’ responders digging up dirty dirt. It is a one-time training event, Charles D. N. Brower, Director but could lead to future opportunities within the different departments of the NSB. Nagruk Harcharek, Director Don Gray, Director UIC Foundation awards scholarships The UIC Foundation Committee granted scholarships UIC SENIOR EXECUTIVE MANAGEMENT to 35 full-time students and 10 part-time students this semester. Congratulations to these deserving Delbert Rexford, President and CEO student shareholders! Apply for next semester today at uic-foundation.com Jeevan Pokharel, Chief Operations Officer Karl Ahgeak Adam LaFoundtain Joseph Stanich, Chief Financial Officer Jordan Ahgeak Lillian Marrero (Weber) Edalee Ahmaogak Michelle McCoy Alexiah Ahkiviana Braeden Mukpik Rick Owen, General Counsel Shadow Aiken Wrenny Nayakik Alison Bankston Kaley Nelson Mike Hundley, Senior Vice President, Alynne Bankston Jenessa Oviok UIC Government Services Alaina Bankston Lindsay Panigeo Abraham Bjorklund Nikki Peidlow Clayton Arterburn, Senior Vice President, Brittany Burns Miranda Rexford-Brown Commercial Services Gabrielle Cain Tara Richards Joslyn Edwards Audrey Saganna, Sr. Bobbyjo Edwardsen Katherine Sakeagak Jason Strickler, Vice President, David Elavgak Abbey Salmon UIC Government Construction Tamara Featherly Barbara Sikvayugak Jennifer Felder Meda Snyder Nagruk Harcharek, Director, Lands Dept. Justin Ferris Roman Snyder April Fischer Autumn Stevens Hazel Katuk Pebley, Director, Stock Dept. Roberta Jo Glenn Aksiin Storer Paxton Itta Angelica Telfair Stephanie Gaff, Executive Michelle Kaleak Milissa Vent Keifer Kanayurak Monica Wiehl Assistant to President/CEO McKenzie Kanayurak Jared Williams 3 Recent UIC Personnel Changes New Company Emerges for UIC Joseph Stanich has recently been UIC Government Construction promoted to Acting Chief Finan- (UICGC) is a new division under cial Officer for UIC. In his new Ukpeaġvik Iñupiat Corporation role, Joe will oversee UIC’s overall (UIC) that started business in 2019 accounting, treasury, and financial as a full-service General Contractor functions and will report directly providing a full range of construc- to UIC’s Chief Operations Officer, tion services to the Federal Govern- Jeevan Pokharel. ment. Vice President Jason Strickler, Joe began his career with UIC in in charge of the June of 2010 as its Corporate Assistant Controller. day to day operations, has over 18 Through the years,