Home / Legal Reference...

Example of bOARD mINUTES

Please Read our General Disclaimer and Business Law Disclaimer.

(Name of Company)
REGULAR BOARD MINUTES
_______________, 20____

I. CALL MEETING TO ORDER

     The Regular Board Meeting of the Board of Directors of ________________ was called to order by its President, _______________, at ________ p.m. on _______________, 20____ at the Company's offices in ______________, Colorado. Role was taken and the following Directors were present:

____________, ____________, ___________, _____________, ___________, _____________, and ____________.

Also in attendance were: General Manager, __________________, Corporate Counsel, Ted T. Svitavsky, and ________________________ from ___________________________.

II. APPROVAL OF MINUTES OF LAST MEETING

     Review of the Minutes of the Regular Board Meeting of ________________________, 20____was tabled until the next Regular Board Meeting.

OR

     The Minutes of the Regular Board Meeting of ________________. 20____ were reviewed. There being no additions, deletions, or corrections, following a motion duly made and seconded, the Minutes were approved as presented.

III. PUBLIC COMMENTS

There were no public comments.

IV. UNFINISHED BUSINESS

A.

B.

V. GENERAL PRESENTATIONS

A. Financial
     __________________ reviewed with the Board the status of accounts receivable and compared ___________________'s present accounts receivable to the prior year's accounts receivable.

     _______________ further reviewed with the Board the Balance Sheet and Statistical Information division-by-division. Each division's sales, margins and other income, operating expense, savings/loss before G&A expenses, G&A and interest expense and __________________'s organizational sales as a whole were reviewed and discussed. _________ also reviewed with the Board the Sales Quantity Comparison, the Financial Guideline Status Report, and the Seasonal Loan Collateral Report. Included in ______________________'s report were supplemental data and charts reflecting the financial position of _____________________.

     The Board thanked _________________ for his report. Copies of all the reports mentioned throughout ________________________'s presentation are filed with the original of these Minutes at __________________________'s Corporate Office.

B. Corporate Counsel's Report

Ted Svitavsky gave the corporate counsel's report. It was accepted as given. The Board thanked Ted for his report.

C. General Manager's report

     ________________________ was called upon. He commented that _________.
He further commented that _______________________.
     The Board thanked _______________ for his report.

VI. NEW BUSINESS

A.

B.

VII. OTHER BUSINESS

A. Equity Retirement Requests

     Equity retirement requests were discussed and reviewed. Following a motion duly made and seconded, IT WAS

     RESOLVED, that the equity retirement requests presented will be retired pursuant to the Equity Retirement Policy established by the Board of Directors.

A list of the equity retirement requests are attached to these minutes.

B. Membership Applications, Participating Patron Applications and Transfer(s)

     Membership applications and participating patron applications were reviewed and discussed. Following a motion duly made and seconded, IT WAS

     RESOLVED, that the membership applications of _____________ and ___________________ be held pending further review by the Board of Directors.

     FURTHER RESOLVED, that the remainder of the membership applications and participating patron applications as presented be approved, except that the applications of the _____________ and ___________________ be held pending further review by the Board of Directors.

Attached to these minutes is a list setting forth the applications approved.

C. Next Meeting Date

     The next regular Board Meeting is scheduled for ________________, 20____, at ____:00 p.m.

VIII. ADJOURNMENT

     There being no further business to come before the Board of Directors, the Meeting was, by motion duly made and seconded, adjourned.

     DATED this ___________________ day of ______________________, 20________.

 

___________________________________
(Name of Secretary), Secretary

___________________________________
(Name of President), President