As you may know, state law requires that at least 20% of the Company’s Membership Interests (shares) be represented by their owners being present in person at the annual membership meeting before business can be conducted.
Unfortunately only about 10% of the membership were present at this year’s meeting so new Directors couldn’t be elected to the two (2) open seats on the Board. The Board can fill mid-term vacancies and unexpired terms, but only the Members can elect Directors to new full terms.
Members in attendance did nominate two individuals, however, and ballots were mailed to you yesterday. Those individuals are Kris Hartnett and Lloyd Van Doren. You’ll also have the ability to write in another individual’s name if you so choose. We appreciate Kris’ and Lloyd’s willingness to serve and now ask that you vote for at least two (2) people, and return your ballot promptly, so that we can convene the full board at our next meeting.
The ballot, and cover letter being mailed with it, have additional information so please be on the lookout and again, we’d appreciate your fast action in returning your ballot. A self-addressed stamped envelope is included.