Document B8k0b0aan4yxoKYoGG9gO2Do8

national Insulation Manufacturers association 44t LtXINGTON AVCNUC NtW TOAK 17. N, Y. MINUTES of BOARD OF DIRECTORS MEETING of the NATIONAL INSULATION MANUFACTURERS ASSOCIATION Fonte Vedra Beach, Fla. May 6. 1960 PLAINTIFF'S EXHIBIT K-1 162 The meeting was called to order at 8:30 A. M. by Chairman . H. Luchs v/i:h the following in attendance: DIRECTORS E. H. Luchs N. L. Barr (Froxy for R. R. Forter) R. E. Buckley Frank Christenson A. M. Ehrct, Jr. J. B. Jobe P. D. Kaley II;e Keith F. V/. Muller L. T. Plummer (Proxy for E. T. Johnson) H. T. Williams Mundet Cork Corp. Keasbey Sc Matt is on Company Pittsburgh Corning Corp. Refractory L Insulation Corp. Baldwin-Ehret-Hill, Inc. Johns-Manville Sales Corp. Pittsburgh Flats Class Co. Forty-Eight Insulations Inc. Cuotin-Bacon Mfg. Company Union Asbestos L Rubber Co. Owens-Corning Fiberglas Corp. OTHERS PRESENT F. T. Christenson, Treasurer D. 1.. llinmon M. 1. Ruddock, Legal Counsel J. M. Barnhart Refractory fc Insulation Corp. Johna-Manville Sales Corp. Cadwaladcr, V/ickersham L Taft National Insulation Mira. Aosn. APPROVAL OF MINUTES A motion was made, seconded and paaeed That the Minutes of the Board of Directors Meeting of January 13, 1960, as bulletined by the Association office be approved. trcasuivsivs refort 2 The Association1! Balance Sheet and Statement of Income and Expendi tures as of April 15, I960, were outlined. The Treasurer's Report Is attached to these Minutes and made nart thereof. 2; was asked that in the future a Comparison of Budget to Aotual Expen ditures be part of the Treasurer's Report. STATISTICAL REPORTING ON A GEOGRAPHIC BASIS Discussion on this subject revealed that the membership was desirous of receiving statistical reports on a geographic basis based on six regions, quarterly, including accumulated totals. The estimated cost of this work to NIMA, as received from Price V/aterhouse It Company, will be approximately $1, 200. per year. Mr. Barnhart is to contact Price Waterhouse ti Company and ask them to start their report as soon as toe six months figures are available from the member companies, A map was exhibited showing the regions that were to be reported in. Several comments were made to the effect that the boundaries to the regions should be defined on a slightly different basis. Mr. Barnhart was acked to talk to Mr. F, Y/. Muller and redefine the areas. A map chowjng the regional areas that are to be reported in will be circulated to the Board of Directors. SAFETY PROGRAM It v/ac the consensus that the establishment of a NIMA Safety Program I with respect to health should be dropped. / APPOINTMENT OF A NOMINATING COMMITTEE A Nominating Committee was appointed by President Luehs for the purpose of preparing a slate of candidates for Directors and Officers for nomination for then* positions at the Annual Meeting. The Commit tee will consist of A. M. Ehrct, Jr., Chairman, Mr. Frank Christenson -nd Mr. F. V/. Muller. PUBLICITY FROCRAM ^ " " 3 Jiocussion on a program to adopt for distribution of the brochure pre pared by Sumner Rider b Associates led to a motion being made by Mr. N. L. Barr, seconded by Mr. J. B. Jobe and passed That in order to place the project on a self-liquidating basis a cost of $0, 35 per copy shall be charged to the individual companies ordering the brochure, $0. 10 of which shall be placed in the N1MA treasury to defray the expense of mailing the brochure to inquiries that are received by the Association headquarters. TECHNICAL b RESEARCH COMMITTEE REPORT Action on the report made by the Technical b Research Committee concerning requests made at a meeting in Washington, D. C., will be deferred to the next Board of Directors meeting. OTHER BUSINESS (a) The Board of Directors authorised the following salaries for the NIMA otaff, retroactive to January 1, I960: Mr. J. M. Barnhart - $12, 500. 00 per year (Increase of $1,000. 00) Miss H. C. Lynch - S5, BOO. 00 per year (Increase of $300. 00) (M An Mr conditioning unit wao authorized by the Board of Directors in ho bought and installed for the NIMA headquarters. The coat of ti c installed unit and electrical work will be in the neighborhood of $47.i.OO. OTHER DUSINESS (Cont'd.) 4 (c) It was announced that the Annual Meeting will be held at the Seaview Country Club, Abeecon, N. J., on October 10 and 11, 1960. i ADJOURNMENT There being no further business, it was moved, seconded and passed That the meeting be adjourned Respectfully submitted