I spoke to most of the members and they are ok with meeting this Wednesday instead of Thursday. My wife is out of town and coming back on Thursday, so Wednesday works better for me. I appreciate everyone being flexible with the meeting data and after next month's meeting we should be able to settle into our regular meeting date of the first Wed. after the first Mon. of the month.
This meeting will be our annual meeting and will take place at Jeff Kinsey's house (he'll respond with directions).
Being the annual meeting, we will have an additional contribution of $20 to cover administrative expenses - therefore the minimum contribution for this month will be $50. We will also be electing new officers. The positions are as follows:
Presiding Partner: Will oversee all of the club activities, set meeting dates and location, create an agenda and preside over meetings.
Assistant Presiding Partner: Takes the place of the Presiding Partner when he/she is absent or incapacitated, and develops the educational program for the Partners.
Recording Partner: Will be responsible for all official communication regarding Partnership business including but not limited to recording and distributing the minutes of each meeting, notifying members of upcoming meetings and events, and maintaining documents associated with Partnership business.
Financial Partner: Will keep a record of all financial activities, prepare annual financial statements, calculate monthly valuation statements and prepare any other records concerning money and financial matters. The Financial Partner will be responsible for the Partnership’s banking and brokerage accounts and shall collect and deposit monthly dues from members and other amounts received by the club and shall make all disbursements for the club. The Financial Partner shall prepare and file all required tax returns and shall distribute any required tax documents to the members.
We had previously discuss keeping the current officers, therefore if you are currently serving as an officer you are already nominated to keep your current spot. If anyone else would like make a nomination or be considered for a position please let me know.
Chad will also provide a complete account of the financial condition of the Partnership.
Given that this is our first annual meeting and we don't have much to report financially the first two agenda items should go pretty quickly. Then I believe we'll have some stock selection report presentations by Mike, Craig, and Jeff. Please correct me if I'm mistaken. Also Jeff has some additional information to share regarding the selection guide.