In 2006, the Confederated Salish and Kootenai Tribes formed S&K Technologies as a Section 17 Corporation. The tribal council passed a resolution approving the draft Charter and then submitted the draft Charter and petition to the Secretary of Interior to issue a charter. The corporate charter was then ratified by the tribe. The Section 17 charter confers all the privileges and immunities of the tribe to S&K Technologies and permits the tribe to confer all privileges and immunity to tribally owned subsidiaries chartered under the holding company. The S&K Technologies is a general purpose company and its corporate charter permits the corporation to charter subsidiaries under either the tribe's Tribal Corporation Code or under its newly adopted tribal Limited Liability Company Code. S&K Technologies is headquartered on the Flathead Indian Reservation in Montana. S&K Technologies plans to charter subsidiaries under the tribal LLC Code to operate its aerospace and information technology companies that are participating in the Small Business Administration 8(a) business development program. These tribal 8(a) LLCs will operate in Alaska, Georgia, Ohio, and the Pacific Northwest. The corporate charter is broadly drafted so that the corporation could also create other non-8(a) business entities. S&K Technologies will be governed by a seven-member Board of Directors appointed by the Tribal Council to four year staggered terms and who are responsible for providing an annual report to the Tribal Council. The corporate charter does not restrict board appointments to tribal members or require that tribal council members be appointed to the board. The S&K Technologies Board of Directors will be responsible for hiring a CEO for each of the subsidiaries created under the holding company who will be responsible for day-to-day operations of the company. There will not be separate boards of directors for each of the subsidiaries; rather each CEO will report to the Board of Directors of S&K Technologies Corporation. This safeguards the decision-making authority of the Tribal Council and assigns the responsibility for operating and managing the business activities of the Section 17 Corporation to the business managers they hire. It permits business experts to focus on maximizing the profitability of S&K Technologies. Source: S&K Technologies, Inc.