May 2019 Edition View web version
Huna Totem X’úx’u Newsletter

Welcome to the first edition of the Huna Totem X’úx’u

Our corporation is doing great work, and there is much to be proud of and share. So much so that we have decided to start an E-newsletter to communicate important and exciting news with you. The Huna Totem X’úx’u will be issued monthly as E-news to supplement our quarterly print newsletter. We encourage you to share this with friends and family so that they, too, may subscribe and keep informed.

Message from the President & CEO
Sustainable growth towards a bright future

Greetings shareholders,

All Huna Totem shareholders on voting record should have already received their 2018 annual report and proxy materials for the 2019 election of directors. I hope you have reviewed the materials and read about the good news on the substantial progress we have made and the profitability we posted in 2018 – the first positive net income we have reported in four years. In the first quarter of 2019, we continued to build on our progress, guided by our pillars of leadership – to build value, respect and community. Our success is due to the careful planning, disciplined implementation, and dedication of our board, management, and support from shareholders.

Our team is preparing to engage shareholders in 2019 in two areas essential to the success of Huna Totem – the annual meeting and the 10-year review of the Shareholders Settlement Trust (SST) this fall. In the coming months, you will receive more information about the SST review process, including meeting times and locations.

Focus on sustainable growth

For several years, we have informed you of our efforts to shift the company’s strategic focus. I hope you will join us at the information and annual meetings to learn more about our progress. For instance, we have largely achieved what we set out to do – we increased revenues more than $2 million in 2018 and decreased expenses across the corporation, while carefully managing operational and investment portfolios to align with our values and core competencies.

Our strategy guided our decision to invest in the information technology services sector and we now have opportunities to service the federal government through the U.S. Small Business Administration’s 8(a) program. We invested in new infrastructure at Icy Strait Point. The new dock will increase capacity for cruise ship visitors and will enhance revenue, shareholder benefits and local economic impact. Icy Strait Point expects to see a record 138 cruise ships in 2019. Alaska Native Voices restructured operations to serve more visitors at Glacier Bay and on the cruise lines. With an eye toward long-term sustainability, we are setting up a carbon-credit program that not only monetizes and preserves our forestlands for future shareholders but also creates a long-term revenue stream for the corporation.

Alaska Native Voices team members

Alaska Native Voices team members pause for a photo.

Stronger together

Just as our business development and profitability drives the corporation’s sustainability and growth, Huna Totem is also focusing on the sustainability and growth of the SST, which, in turn, provides tax-free benefits to unit holders.

The SST’s 10-year review process takes place this fall, and we are preparing a schedule for community meetings to share information about the SST, including a financial analysis of its health and insight into what will make the SST sustainable for generations to come. Growth and sustainability are key considerations for the board of trustees.

In conclusion, Huna Totem is doing very well, and I would like to thank the board, management, staff and you – our shareholders. This is your corporation. We are stronger when you are involved, and we can use your input to inform our decisions. I look forward to seeing you at the annual meeting and reporting on our performance and outlook.


Russell Dick,
President and CEO Huna Totem Corporation

10-Year Trust Review to Ensure Sustainability & Longevity

Twenty-five years ago, shareholders passed a proposal authorizing creation of the Huna Totem Corporation Shareholders Settlement Trust (SST). The proposal outlined a plan for the board of trustees to conduct a five-year review following the establishment of the SST and a 10-year review for subsequent decades to determine necessary changes that will ensure the good health of the SST for future generations.

Dancers at Celebration 2016

Future generations of Huna Totem shareholders take pride in their history and dance in Celebration 2016.

What is the review process?

While the board of trustees meets year-round to review the performance of the SST, they conduct a formal review period every 10 years. The process includes a series of informational meetings in locations where concentrations of unit holders live (Hoonah, Juneau, Seattle and Anchorage, for example). Huna Totem will post the dates of these meetings at and on social media, as well as through email announcements, and a meeting notice mailed later this summer along with helpful information about the SST and review process.

At the unit-holder meetings, trustees will present a report on the health of the SST and information about how it could grow or shrink over time. This will be a great time to ask questions and learn more about how the fund can be grown and sustained for future generations. There will also be time for unit holders to provide comments for the trustees to review and consider when deciding which changes to put up to a vote, which can include altering the formula for distributions, authorizing a special distribution, or terminating the SST.

Once the board of trustees arrives at a recommendation, ballots and other information will be mailed out, and unit holders will vote on the recommendation. As the review process nears, Huna Totem and the SST will provide more information on the website, Facebook page, email via our new E-newsletter (launching this spring), and also through a direct mailer delivered to your postal service mailbox. Unit holders with any questions should contact the Shareholder Relations department by phone at 907.789.8500 or email at

ANSEP: Investing in our future

Huna Totem has partnered with Hoonah City Schools and Sealaska to include Hoonah middle school students in the Alaska Native Science & Engineering Program (ANSEP). The goals of this program are in line with the goals of Huna Totem by developing and encouraging the growth of our future generations.

ANSEP Program students

Shareholder Cheryl Moore with Hoonah City Schools students enrolled in the ANSEP program. Courtesy of Heather Powell

ANSEP’s mission states, “The Alaska Native Science & Engineering Program’s objective is to effect systemic change in the hiring patterns of Alaska Natives in science and engineering by placing our students on a career path to leadership.”

ANSEP engages students beginning in middle school and continues working with them through their high school and university years. The middle school academy is the first step in the programs and includes a two-week camp where student complete in hands-on science and engineering projects. The students stay in university residence halls to give a taste of college life while they experience what it is like to be a scientist or engineer.

Huna Totem and Huna Heritage Foundation contributed $39,000 to the Southeast program implementation. Implementation included the tuition for the students, student travel expenses, and staff training and travel expenses. Interested in learning more about ANSEP? Go to to read about this amazing program.

Important Shareholder Meeting Dates

Mark your calendars for these very important shareholder meeting dates!

45th Annual Meeting of Shareholders— Annual Election of Board of Directors
June 15, 2019 at 4:00 p.m.
Adventure Center Building at Icy Strait Point

Huna Totem Corporation
9301 Glacier Highway, Suite 200,
Juneau AK , 99801-9306

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