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NANA
Board updates
The NANA Board of Directors held their regular board meeting in Phoenix, Arizona, on Jan. 12-15, 2026.
ACTIONS
A resolution appointing Sam Hill vice president of shareholder relations of NANA Regional Corporation Inc.
• The board appointed Sam Hill as vice president of shareholder relations, whom NANA management determined is fully qualified to serve.
A resolution approving FY2025 annual report of NANA Regional Corporation Inc.
• The Budget, Audit, and Finance Committee, NANA chief financial officer, NANA chief legal officer, NANA vice president of communications, and RSM US LLP( external auditor) provided a review of NANA’ s FY25 annual report, which the board approved.
A resolution approving FY2025 audited financial statements of NANA Regional Corporation Inc.
• The Budget, Audit, and Finance Committee, NANA chief operating officer and NANA chief financial officer completed a thorough review of NANA’ s FY25 audited financial statements with RSM US LLP( external auditor). The committee and the board reviewed the required communications from the auditor and the audited financial statements, which the board approved.
A resolution authorizing a contribution to the NRC Shareholder Trust for the purpose of the FY 2026 spring distribution.
• The board authorized the contribution of $ 16.535 million to the NRC
Bill Monet
Named to 2026 Wash100 List
Akima President and CEO Bill Monet has been named to the 2026 Wash100 list, marking his seventh consecutive year receiving this recognition. His continued presence on the Wash100 reflects sustained strategic leadership and a clear focus on strengthening Akima’ s performance and long-term value for NANA shareholders. Congratulations to Bill on this well-earned honor. We are proud of the leadership he brings to the company and the impact it continues to generate.
Shareholder Trust for a spring distribution to trust beneficiaries( shareholders) in the amount of $ 8.15 per trust unit( share), with a record date of April 7, 2026, and a distribution date of on or about April 15, 2026. $ 14.74 million will be paid as distributions and the remaining amount is used to pay taxes and fees associated with the distribution.
A resolution approving the contribution of Red Dog net royalty funds to the NANA Permanent Fund within the NRC Shareholder Trust
• The board approved the contribution of FY2025 Red Dog Mine net royalties in the amount of $ 119,375,540 to the NANA Permanent Fund within the NRC Shareholder Trust to be paid in installments of cash and / or securities.
A resolution designating proxy holders for the 2026 annual meeting
• The Shareholder Relations Committee recommended to the board three proxy holders for the 2026 annual meeting. The board approved the three proxy holders for the 2026 Annual Meeting: Anthony Norris, Eva Harvey, and William“ Billy” Sheldon Jr.
A resolution approving ballot tabulator, board candidates, proxy statement, and proxy for the 2026 annual shareholder meeting
• The NANA chief legal officer presented the proxy statement and proxy, and the Shareholder Relations Committee presented, and the board passed a resolution approving, the ballot tabulator, board
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A resolution approving the revised board policies and procedures
• The Ethics and Rules Committee worked with in-house counsel to amend Section 9 Director Roles and Responsibilities, subsection 9.1 Responsibilities to add the duties to develop and maintain succession plans, and to guide management’ s approach to enterprise-wide strategy, innovation and risk. The board approved these revisions to the Board Policies and Procedures.
A resolution approving the policy addressing appointments to NANA-affiliated entities
• The Ethics and Rules Committee worked with in-house counsel and drafted the Policy Addressing Appointment to NANA-Affiliated Entities to establish expectations for NANA board members when serving on the boards of affiliated entities, such as the NRC Shareholder Trust, the NANA Elders’ Settlement Trust, or the Aqqaluk Trust. The board approved the Policy Addressing Appointment to NANA-Affiliated Entities.
A resolution approving the transfer of Alaska real property assets to NANA Properties LLC
• NANA’ s chief operations officer and chief legal officer presented on, and the board approved, a resolution to transfer ownership of the real property( real estate) owned by NANA, Kotzebue Properties, and NANA
North to a newly formed wholly owned subsidiary named NANA Properties.
Following the regular board meeting, Chair Bonita Barr convened the NRC Shareholder Trust Trustee meeting on Jan. 14, 2026 in Pheonix, AZ.
The NRC Shareholder Trust took the following actions:
A resolution to declare a 2026 Spring Distribution
• The NRC Shareholder Trust trustees declared a spring distribution to the beneficiaries of the trust of on or about April 15, 2026, in the amount of $ 8.15 per trust unit( share) to fulfill the intention of the NANA Regional Corporation Inc.’ s board of directors’ decision approving Resolution 2026- 04 to issue a spring distribution.
A resolution accepting the contribution of $ 119,375,540 to the NANA Permanent Fund within the NRC Shareholder Trust from NANA Regional Corporation Inc.
• The trustees approved the contribution $ 119,375,540 of FY2025 Red Dog Mine net royalty funds to the NANA Permanent Fund within the NRC Shareholder Trust from NANA Regional Corporation Inc. to be paid in installments of cash and / or securities.
The next regular meeting of the NANA Board of Directors will be held on April 29-30, 2026, in Kotzebue, Alaska.
Watch or listen to the annual meeting anywhere
Whether you are at home or on the go, NANA ensures every shareholder has the opportunity to stay informed and engaged with our annual meeting. We understand that travel is not always possible, but your involvement remains vital.
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2 The Hunter | 2026 Spring Edition