Former Alaska lieutenant governor Mead Treadwell stressed that he was a non-executive board member who played no part in Ellicott Dredges’ decision to apply for the grants when the Washington Examiner reported on those grants last month.
A spokesman for Treadwell’s campaign for a U.S. Senate seat in Alaska said that Treadwell had left the company’s board in 2009. However, financial disclosure forms filed by his campaign show that he remains on the company’s payroll.
Those disclosures show that Ellicott paid Treadwell at least $6,000 in “board compensation” over the past two years. He has also received between $30,000 and $100,000 in dividend payments on his stake in the company, which is worth between $100,000 and $250,000, over the same period.
Campaign spokesman Tom Intorcio said Treadwell is paid every time he attends a quarterly meeting of the company’s advisory board.
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