OC Board Approves Stock Policy Change

OC Board Approves Stock Policy Change

WAINWRIGHT, AK – Olgoonik Corporation’s Board of Directors, following the recommendation of the OC Heirship Committee, has enacted a change to Class A stock policy, effective Dec. 12, 2024. OC has never issued fractional shares of Class A stock, but between 2009 and 2024, “scrip” was issued in lieu of fractional shares to a small number of shareholders. Current scrip holders remain entitled to combine and redeem sufficient scrip for a full share of Class A stock and will receive communication from the Corporation about their rights. All other shareholders will be able to gift or assign whole shares only. We have updated our Shareholder Stock Handbook to reflect this change, along with our Testamentary Disposition (Stock Will) form and our Gift of Stock forms. All updated materials are linked below: 

Questions can be directed to your OC Stock Department.