New procedures for shareholder participation in Board meetings.

Shareholders get more flexible comment guidelines.  Each shareholder will be allowed 3-5 minutes to address a Board meeting, but the presiding officer has discretion to shorten time if there are many speakers or to cut off speakers talking “too long.”  The president can also allow more time.  Shareholders may divide … Read more

President vows to resign if no quorum at annual meeting. Election Manual to be revised before Board vote.

After a long discussion among shareholders, President Frank Mezzatesta, and legal counsel about the draft Election Manual and Proxy Form, the Board agreed with Mezzatesta’s suggestion to continue the matter to another meeting and meanwhile to revise the draft. Most of the comments were on the question whether the … Read more

January board meeting Monday (not Thursday) next week has a big and interesting agenda.

The agenda for the January 23 meeting features governance issues, including shareholder participation and access to information and a detailed new procedure for annual elections of directors, including a new form of proxy.  There will also be oral reports on the status of the Well #8 permit process, the LPHOA … Read more