(a) The Annual Meeting of Stockholders ("Annual Meeting") of Alaska Pacific Bancshares, Inc. ("Company") was held on May 22, 2012.

(b) There were a total of 654,486 shares of the Company's common stock outstanding and entitled to vote at the Annual Meeting. At the Annual Meeting, 502,455 shares of common stock were represented in person or by proxy, therefore a quorum was present. The following proposals were submitted by the Board of Directors to a vote of stockholders:

Proposal 1. Election of Directors. The following individual was elected as a director for the term indicated:

                                                  BROKER
                     FOR          WITHHELD      NON-VOTES


                 No. of votes   No. of votes   No. of votes
Three year term:
Scott C. Milner    208,747         10,199        283,509

Based on the votes set forth above, Mr. Milner was duly elected to serve as director of the Company for a three year term expiring at the annual meeting of stockholders in 2015 and until his successor has been duly elected and qualified.

The terms of Directors Craig E. Dahl, William A. Corbus, Hugh N. Grant, Doug Andrew, Maxwell S. Rule and Linda C. Thomas continued.

Proposal 2. Advisory approval of the compensation of the Company's named executive officers. This proposal received the following votes:

For Against Abstain Broker Non-Vote 187,371 12,471 16,104 283,509

Based on the votes set forth above, the compensation of the Company's named executive officers was approved by stockholders.

Proposal 3. Ratification of the appointment of Moss Adams LLP as the Company's independent auditors for the year ending December 31, 2012. This proposal received the following votes:

For Against Abstain Broker Non-Vote 456,754 1 47,700 0

Based on the votes set forth above, the appointment of Moss Adams LLP as the Company's independent auditors to serve for the year ending December 31, 2012 was duly ratified by the stockholders.

For additional information regarding the Annual Meeting, see the press release attached hereto as Exhibit 99.1, which is incorporated herein by reference.

(c) None.

In connection with the Annual Meeting, the Board of Directors appointed Mr. Maxwell S. Rule as Chairman of the Company's Board of Directors and appointed Ms. Linda C. Thomas as Vice-Chairman. For additional information, see the press release attached hereto as Exhibit 99.1, which is incorporated herein by reference.

(d) Exhibits

The following exhibit is being filed herewith and this list shall constitute the exhibit index:

99.1 Press Release of Alaska Pacific Bancshares, Inc. dated June 4, 2012.