The Alaska Department of Commerce, Community, and Economic Development has adopted regulation changes in Title 3, Chapter 8 of the Alaska Administrative Code dealing with proxy solicitations for certain ANCSA corporations that are required to file with DCCED under AS 45.55.139. A copy of the regulation changes is attached. These changes take effect on March 20, 2016.
The adopted changes include updates to the required disclosures for a board’s proxy statement and a non-board solicitation. Additionally, a $250 annual filing fee and an additional fee on a sliding scale from $250-$25,000, based on a corporation’s total asset size, is established and due concurrently with a corporation’s timely filing of its annual report.