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May 8, 2006 Subj: Spring 2006 BOT Meeting Results Refer to: Central Region Letter 06-06 **** Dear Central Region Alumni:
As I pointed out in my other Newsletters, my duty to communicate with you is made clear by the Alumni Association Bylaws/Operating Manual: “…being a Trustee of the Association involves serious responsibility...Of utmost importance is the responsibility to communicate effectively in explaining to our individual constituencies about issues, initiatives and activities of the Association.”
At your suggestion I will use a new format that summarizes the highlights of the results of the Committee Meetings and BOT meeting held on May 4 – 5, 2006. Hopefully, this will convey the essential information in an easier to read format.
RESULTS OF SPRING BOT MEETING
· Committee meetings were held on May 4, and the Supe also reported the current status of USNA; his report is presented in the next Central Region Newsletter to be issued soon (07-09).
· The BOT meeting on Friday began with an Executive Session of the BOT; bylaws preclude disseminating information on this session.
· The meeting then was opened to all alumni in the main arena of Alumni Hall
· During the first part of the meeting, various Standing Committee reports were made by the respective Chairs or representatives: Executive (ADM Carl Trost ’53), Joint Finance & Audit (Corbin McNeill ’62), Joint Investment Committee (Capt Hank Sanford, CFO), Board of Tellers—Election Results (Capt Bill Zeberlein ’54), House Committee (Capt Bob Stevenson ’60), Communications (CDR Proulx), Admissions (Capt Bill Rentz ’55), Membership (Capt Dan Lear ‘ 68), Plan 2010 Update (Capts Dan Lear and Perry Martini ‘71), Other Chapter (Mr. Raese Simpson ’61), Governance (RADM Roy Snyder ‘50), Class Presidents’ (RADM Snyder ‘51), Chapter Presidents (TBD) o A number of required votes were taken during these presentations, such as Minutes Approval, Annual election of Association Officers, Acceptance of the Joint Finance & Audit Committee report, and Authorization to transact business for Association Officers. o Significant items or BOT discussion on these reports are presented below
· The President/CEO, George Watt ’73, gave his semi-annual report and remarks; these reports are routinely placed on the Association web site, htpp://www,usna.com o He reviewed the successful fund raising campaign of $253.7 million, with 2/3 coming from about 24,000 alumni donors
· Joint Finance & Audit Committee presented a budget for review and approval; a budget shortfall is created by expiration of the old credit card program and a salary review for administrative staff—this annual shortfall of about $300K will be made up from a $8MM capital gain resulting from changing investment firms (and the attendant sale of securities to effect the change)—the gain will be held in a separate account and earmarked for this purpose o All 10 copies of Shipmate are fully funded
· Joint Investment Committee report showed good investment results (14.3% return 1 year and 11.9% YTD for the main portfolio—above benchmarks) o Total portfolio is $134 million o Changed investment firms to TIFF after a long search, and TIFF is doing very well
· Board of Tellers report for the recent election:
For Chairman of the Board Votes/ % Carlisle A.H. Trost ‘53 3088/ 59.4 % Write in Ballots 2112/ 40.6 %
For Mid-Atlantic Region Trustee Michael J. Collins ’84 456/ 23.0%
For Western Region Trustee Stephen M. Andres ’67 697/ 58.1%
There were a total of 5418 ballots received. 2112 ballots had “write-ins.” 152 ballots did not have votes for the Chairman position. 66 ballots were invalid because of the following discrepancies; no signature, mail process destroyed ballot, no vote recorded.
(Len Wass note: The Teller report is as shown above. 5200 votes were cast for the Chair position, as compared to about 1500 in recent elections. 2078 (39.9%) of the write-in votes were for BGen Thomas V. Draude ‘62 for Chair, and were 1,010 votes short of that cast for Carlisle Trost ‘53. Based on the votes cast in the Western and Mid-Atlantic Regions it can be inferred that the voter turnout in the Central and Eastern Regions was substantial for the Chair position.)
. · The Communications Committee will look into policies for using the Association email system; this is in follow-up to Region Trustees being blocked by the Vice Chair from communicating to their constituencies—the Western, Mid-Atlantic, and Central Region Trustees each had two regional emails earmarked for their constituents blocked during the campaign because they sought to inform their constituents that BGen Draude was a write-in candidate o The Committee will look into policies for the use of Association communications systems by Trustees and Chapters
· The House Committee announced the major HVAC and ADA compliance project for Ogle Hall will commence in November; the BOT approved the $823 million funds for this long-planned and required project; it will begin in November and finish in July 2007
· The Admissions Committee learned that Dean David Vetter ‘67 has announced his retirement; a Search Committee has been formed by USNA and Dean Vetter will keep his position until a replacement is on board o Each Chapter is urged to have an Admissions Awareness Representative to interface with BGO officers and to coordinate admissions events
· The Membership Committee announced that there are currently 50,500 individual members and 43 corporate members of the Alumni Association
· The Other Chapter Trustee Selection Committee reported that Lawrence Stovall ’84, the new San Antonio Trustee, is its new Chairman
· The Governance Committee had nothing to report.
· The Plan 2010 Review Committee reported on the process being used to date; results will be reported at the December BOT meeting.
· Class President’s Report had little to report
· Chapter President’s Report urged Chapters to organize in a fashion similar to the Council of Class Presidents, and Chapters would get Association support in this regard
· New Business found the BOT approving three new chapters (Arkansas, Southern Arizona, and Western NC) bringing the total of chapters to 100.
· Departing Trustees were recognized (Jack Adams ‘58, Bob Stevenson ’60, Raese Simpson ’61, Jerry Popp ’62, Leroy Collins ’56, Dan Lear ’68, Roy Snyder ’50, Colin Saari ’60, Tom Hammons ’71, and Roy Snyder ‘50)
· New Trustees assumed their seats (Mike Collins ’84—Mid Atlantic Region, Steve Andres ’67—Western Region, Lawrence Stovall ’84—Alamo Chapter, Russ Puppe ’66—Columbus Chapter, Dave Paddock ’77-Hampton Roads Chapter, Jim Bethmann ’77—North Texas Chapter, Walt Draper ’61—Puget Sound Chapter, Bill Bogle ’68—San Diego Chapter, Frank Donovan ’59—50s Decade)
o All three new Trustees from small chapters (Alamo, Columbus, and North Texas), selected in a competitive process with other small chapters, are from the Central Region
· The newly sitting Trustees voted on the proposed Standing Committee list:
o A non-Trustee was proposed as House Committee Chair because of his construction skills and proximity to Annapolis; he was a former Chair of the House Committee (Allan Davey ’67)
· The Chair then raised the issue of the proposed Executive Committee, stating that he didn’t like outgoing Region Trustees selecting their representative to the ExCom and also didn’t support their selection o The 40s Decade Trustee spoke saying that the contested election situation of the past four months was linked to Len Wass, the Region Trustee’s selection as their rep on the ExCom o A hand vote was then taken and the BOT rejected the proposed ExCom list; the Chair then directed the Region Trustees to conduct a new vote for their ExCom representative and report the results
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*** Central Region: |