Document 2jLZ5Kq1zBp52jJrk9RanORQa

illr.utcs of .Annual Meeting -9 June 27-28 1973 1. Acceptance of the i.roposcd budget of $73,775 for the fiscal year (Starting July 1, 1972 as adopted by the Membership. 2. Acceptance- of the f :-e foraula for the fiscal year starting jiily 1, 1. 72 as proposed by the outgoing Board and adopt?d by the iieiubership. 3. Ratified all rets of die officers, staff and committees for the year ended June 30, j"72. 4. Opposition to the AAKVA certification requirements for brake lining. 5. `iliac the Constitution and Dy-Lat-s will not be changed to permit membership by "brake parts" manufacturers. In addition, the Hoard of Directors recommended to the Membership acceptance of Lonaflex S.A. (Brazil) as a Regional Member. The Board of Directors accepted resignations of the following Active Ilambera i Jchns-IIanvllle Corporation, Auto Specialties Manufacturing Co. and Silver Lina Products. Inc. The directors resolved that Centex Corporation vaa not currently manufacturing friction materials and therefore could not act as a successor member to Scaadura, Inc. THE NOMINATING CQIfrflTTEE REPORT iir. Simon, Chairman, reported that there were three Hoard of I.*irectors terms which were expiring this year: hr. Simon, Brassbestoo Corporation, Mr. Weher, World Bestoa Company, and lir. Cow, i'.aybeatos-Manhattan. Inc. The Chairman reported that hia Committee, after due consideration and in accordance with the requirements of the Institute's Constitution, presented the following candidates for election to the Board of Directors: For a two-year term: Iir: D. E. Cow, Reybostos-IIanhactan, Inc. Hr. R. Cutler, Abex Corporation, American Brake Block Division Hr. W. Simon, Brasabestos Corporation In tasinr to a question froo the floor, it was announced that the follwi*! are the Directors whose terms will be expiring as of June 30, 1974: Mr. J. U. Greenen, Maremont Corporatism, Grizzly Brake Division Hr, ?. V. CatkeV Gatke Corporation Hr* F.L. Messier, Bendlx Corporation, Friction Materials Division Mr. E.R. ZachariaB, Carlisle Corporation Molded Materials Division "Other nominations -wore called- for but none were_juade. FMSI 00011