Document BvRYEQ5qGwkwjjjNaZg3BBNOJ

FklCTIO.-J MATERIALS STANDARDS INSTITUTE, IHC., E.2X0 ROUTE 4, PARAMUS,II.J.07652 MTMUVCS ANNUAL MEETING of the FRICTION MATERIALS STANDARDS INSTITUTE INC. Wednesday and Thursday, June 27 and 28, 1973, 8:30 A. M. at Lodge at Vail, Vail, Colorado cO&TBSRS PRESENT REPRES EiJTATIVBS Abex Corporation Auto Friction Corporation Cendlx Corporation Friction Materials Division Brasabestos Manufacturing Corporation Carlisle Corporation Molded Materials Division Gatke Corporation General Motors Corporation Delco-Uoraina Division Marewant Corporation Gristly Brake Division Molded Industrial Friction Corporation Raybestos-Mahhattan, Inc. Royal Industries Brake Products Scandura, Inc. (Cantex) Standco, Inc. S. U. Wellman Corp. Wheeling Broke Block Manufacturing Co. World 3eatoa Company, Division of the Firestone Tire & Rubber Company R. Cutler Stuart Comlns F. E. Messier W. Simon E. R. Zachsrlaa F. T. Gatke R. J. Kick J. W. Greenen M. I. Frazier D. E. Got* D. Ogilvie D. Eaaveld J. S. Allen J. E. Clegg L. Burgess C. Weber OTHERS PRESENT Abex Corporation Auto Friction Corporation Gatke Corporation General Motors Corporation Delco-Horalns Division Marsmont Corporation Grizzly Brake Division Molded Industrial Friction Corp I'.aybestos-Manhattan, Inc. Royal Industries Brake Products S. . Wellman Corporation Wheeling Brake "lock Manufacturing Co. World Bestos Company, Division of the Firestone Tire & Rubber Company Friction Materials Standards Institute Stickles, Kennedy & Van Steenburgh R. E. Uelaon M. Comlns U. Boyle R. E. Kettering D. Carlson F. Skelton A. Laua B. Ozmore R. R. Iloalli W. M. Sleeth C. Newell C. A. Carrlgaa G. Stratton R. J. Alleaan E. W. Drtslan* L. D. Stickles FMSI 00003 SCF-ALLF-04615 Minutes of Annual '!eecin'' -2- June 27-2C, 1973 UOT PRESENT Auto Specialties Manufacturing Co. Chrysler Corporation - Chcr.'ica] Division Forcee Manufacturing Corporation Lasco Brake Products Corp., Ltd. H. A, Forter Co., Inc. Reddawsy .Manufacturing Co., Inc. TMokol Chemical Corporation . '.r. Greenen, President, acting as Chairman, called the Meeting to order at 8:30 A.;*. MINUTES OF PREVIOUS flEETING The Minutes of the Meeting held June 28 and 29, 1972 had been distributed. No reading vas requested nor were any corrections made thereto. Upon notion duly made, seconded and unanimously passed, it vas RESOLVED: That the minutes of the Meeting held June 28 and 29, 1972 be accepted as distributed. PRESIDENT'S REPORT 0. '!. Creenen. President, opened the Kedrin? :;ith a report on the Institute's progress during the past fiscal year. See EXHIBIT 1. Mr- Greenen covered the hlghspots of the year's activities including r.V-a meetings of the Trake l'erfonrence Study Committee, the Data Book & Technical Committee, and the Asbestos Study Committee. In addition, a Special Meeting of the Board of Directors vas held in October 1972 concerning the controversial requirement of brake lining certification by the A/hVA. The President commented on several other items in hla Report, and in conclusion he mentioned the illness of our Tren\n.,c, llr. al Laly. Upon motion duly made, seconded and unanii*ously passed, it was UNSOLVED: That the President's Report oe accepted aa read. THE TREASURER'S REPORT In accordance with our Constitution and By-Laws, fir. J. W. Greenen, President, assumed the responsibilities of Treasurer upon the disability of Mr. Allan Daly. The Secretary read the Treasurer's Reoort. The following Exhibits make up the Treasurer's Repot;:: EXHIBIT 3.1 - Balance Sheet Projected to 30, 1:379 EXHIBIT 3.2 - Income Statement for the 1972-73 Fiscal Year. EXHIBIT 3.3 - Retirement Fund - U. G. Dcschek - ............ EXHIBIT 3. - 12 year Financial Highlights. FMSI 00004 Minutes of Annual lectins -3- June 27-2S, 1973 It was noted that the Treasurer's Report was made up during the first week of June 1973, and the June 30, 1973 figures had to be estimated based on anticipated June expenses and the fiscal year-end accruals. In summary, the 'financial Statements showed more than $100,000 in savings accounts and time deposits, and over $20,000 in Miss Duschek's retirement Fund. The Institute operated during the 1972-73 fiscal year with a net Income in excess of $10,000. It was noted in the 12 year Summary of Financial highlights, that an Active Member in 1961-62 with one category had an annual fee of $800. In the same year, a Regional Menber paid a total of $1,300, By 1972-73 an Active Kenber with one category was paying $1,700 in annual dues whereas a Regional Metier was paying $1,300. In other words, the Active lumber was paying In excess of 1007 more in 1972-73 tlian he was paying in 1961-62. Hie Regional Member had been increased only .307, from $1,030 to $1,300, during the same period of time. There were similar disparities concerning the Increase in dues with Regional Associations and Licensees. Upon motion duly made, seconded and unanimously passed, it was RESOLVED: To accept the Treasurer's Report as read. ASDES TOS STUDY COIPHTTEE REPORT Mr. I. H. Weaver, Chairman of the icrbestos Study Committee, was present to deliver a talk to the Membership concerning asbestos problems in the friction materials industry. Hr. Weaver bad submitted a written report summarizing his Committee's activities during the 1972-73 fiscal year. Rather than report strictly on the activities of the Committee, Mr. Weaver had been asked to deliver a talk concerning the background and seriousness of the nnbest-f' r<c.,ul-t--t<.>na as they concern the friction materials industry. Mr. Weaver's Report on the Asbestos Study Committee activities is EXHIBIT 14. In addition, the address that Mr. Weaver gave to the Membership at the June 27 Meeting is shown as EXHIBIT 14.1. lit. Weaver dlscuased some of the background for the OSPA and the EPA regulations. In particular, he pointed out that the OSHA label requirement was considerably less severe than that originally recommended by the OSHA Advisory Committee. Mr. Weaver particularly recommended compliance with the spirit of the OSHA regulations and suggested that If industry does not ahow a willingness to comply with existing regulations that the consumer activist groups and organized labor may push for even harsher regulations. Ha also discussed the EPA Emissions Standards which again he found to be reasonable and attainable. Mr. Weaver closed his discussion indicating that the Asbestos Study Committee would continue to keep on top of the regulations emanating from Washington. Mr. Weaver answered some questions at the end of his talk. One question had to deal with the accuracy of the menbrane filter method for measuring concentrations of airborne asbestos fiber. Mr. Weaver replied that It is very difficult to get accuracy into this method. It takas considerable training, and even with".the"training different operators will-have different FMSl 00005 Minutes of Annual Meeting -4- June 27-2C, 1973 readings, While he indicated that there are definite problems with the membrane filter method as regards enforcement purposes, it is a tool for the manufacturer to use in monitoring his work areas. Mr. Weaver mentioned that the Germans have been working with a gravimetric system. A problem is the fact that all airborne materials in a friction materials factory are not necessarily asbestos, and that the gravimetric system does not distinguish between asbestos and other materials. Mr. Weaver felt that any new system to replace the membrane filter method is far off in the future. A Member asked concerning the EPA emissions requirements where they are In effect legislating dry collectors over wet collectors. The question was -,VJhY." Mr. Weaver replied that the wet collectors require very high horsepower to reduce the visible emissions to zero. In essence, it is very difficult to get "no visible emissions" with a wet collector. Another question concerned clothing and the ASHA regulations. It was pointed out that several manufacturers use an outside cleaning service for the clothing that is worn in the work area. Mr, Weaver emphasized that the manufacturer should specifically notify the people doing the cleaning that this clothing xs used in an asbestos handling work area. Another question bad to do with the recommendation that Mr. Weaver made that all boxes or cartons containing friction materials have the OSUA label imprinted thereon. In this case, the question concerned a drilled taper ground brake lining set ready for Installation on shoes. Did this require the OSUA label, since it was most likely that there would be no subsequent drilling, cutting, or grinding to put asbestos dust into the atiacspherc? Hr. Weaver suggested that there is always the possibility or additional cutting, Irillinp, or grinding and that he felt the fiSHA label should fce used here also. Hlo point is that in these subsequent operations the asbestos can be raised to levels above the 5 fiber per cc limit in the OSUA standards. This will be even more of a problem when the standards drop to 2 fibers per cc. Mr. Weaver felt the OSdA regulations indicate that if there may be subsequent opertttions, the label should be used. Upon motion du.1y made, seconded and unanimously passed, it was XESOLVSD: To accept the Deport of the Asbestos Study Committee as presented. MEMBERSHIP COMMITTEE REPORT Mr. Frank T. Oatke reported on the activities of the ileadership Committee during the 1972-73 fiscal veer, .lee EXHIBIT 2. In summary, !lr. Gatke's Report shewed the following changes in Membership in the Institute: FMSI 00006 Minutes of Annual Meeting -5- June 27-23, 1973 JulT 1. 1972 June 3C, 1973 Change Active liemb era Regional Ifecn^ra Licensees 25 10 Z 23 (2) 11 1 8- In Mr. Gatke's Report it was indicated that we lost Silver Line Products, Inc. and the Johns-ltaaville Corporation. At the conclusion of Mr. Gatke's report, the Secretary advised that Auto Specialties Corporation of St Joseph, Michigan was also terminating its membership. . The Secretary t/as directed to contact Cali-Blok and Scan Pac, Inc. relative to their applying fer membership. There were several comments made concerning some South American manufacturers whom it is believed are using the FMSX i!umbers on products exported to the United States. Among those mentioned was Pasta Clutch, S.A. (Mexico), Francisco Stedlle S.A. (Brazil), and Manufactures Multiples, S.A. (Venezuela). It was recommended that the Secretary determine if these manufacturers are using the copyrighted FliSI Numbers. Upon motion duly made, seconded and unanimously approved, it was RESOLVED: That the Report of the Meoberchio Committee he accepted aa reed. INVESTMENT ADVISORY COMMITTEE Ur. W. Sioon, Chairman of the Investment Advisory Committee, submitted the Report for his Committee. See EXHIBIT 4. In summary, the Chairman pointed out that the Institute has transferred a considerable amount of its savings bank money to time deposits ;.t Higher interest cates. Upon motion July made, seconded and unanimously passed, it was RESOLVED: To accept the Report of the Investment ... Advisory Committee as read. . THE BUDGET COMMITTEE REPORT Mr. Carl Weber, Chairman of the Budget Committee, presented his Report with the Proposed Budget for 1973-74. See EXHIBIT 5. Zn, summary, the Preposed Hudget for 1973-74 calls for total expenses of $7',130 vs. the 1972-73 budgeted expenses of $73,795. This is an increase amounting to less than IX. The major item in the Budget is salaries and the budget indicates a slight increase over that actually 3pent in the 1972-73 fiscal year. The only item which is a significant departure from the prior year's Budget is the amount of $3,500 in the Pending Project category. This figure is for a pension and insurance program which it la planned will, start early in the 1973-74 fiscal year. Upon motion duly made, secoadad, and unanimously approved, It was FMSI00007 Minutes of Annual reeting -6 Juno 27-2F, 1973 RESOLVED* To accept the budget Committea Report as read. FEE FORMULA COMMITTEE REPORT Mr. Andre Laus, Chairman of the Pee Formula Committee, reported on the activities of his Committee. Pee EXHIBIT 6. The Fee Formula Committee la recommending tliat the formula for the 1973-74 fiscal year be the same as that used for che 1972-73 fiscal year. This fee formula gives the following: Active {'embers - Basic Fee Category Fee - $1,050 650 regional ':';:-.rrbexs - Associations - $2,200 Individual Firms- 1,300 Regionsl 1'embers (U.S. copyright) - Sara as Active Member -- category determined as categories exported to U.S. using FM9I copyright. Licensees - - $500 Hr. Laua reported that the fees for .Active Members have Increased over Che last 10 years at a significantly greater rate than the fees for the Regional Members. Upon motion duly made, seconded and unanimously passed, it was RESOLVED: That the Report of the Fee Formula Committee be accepted as read. LEGISLATIVE ACTIXTUT COMMITTEE REPORT Ur. Norman Cowinm, Chairmen of the Legislative Activity CM*nltice, t(iou.cJ on his Connaitcea's work during 1972-73. See EXHIBIT 7. 2aaential.lv, the Report stated that there was no legislation affecting tha brake lining industry during the 1972-73 fiscal year. Mr. Conins Inquired specifically of TUnnesota and California aa to their plans for any brake lining legislation. Mr. Melaon asked Mr. Ccxnina to provide him with the exact wording of the Minnesota bills, If available. Upon motion duly made, seconded, and unanimously passed, it was RESOLVED: That the Report of the Legislative Activity Committee be accepted as rend. PUBLIC RELATIONS COMMITTEE REPORT Mr. William Simon, Chairman of the Tublic Relations Committee, reported on the highlights of his Committee's.activities for the 1972-73 fiscal year. See EXHIBIT 8. ' ~ " ~ "" FMSI 00008 Minutes of Annual Meeting -7- Junc 27-28, 1973 Upon motion duly made, seconded, >nd unanimously approved, it was RESOLVED: To accept the Report of the Public relations Committee es read. THE IrlSl'irUTE DEVELOPMENT COMMITTEE REPORT The Secretcwy read Mr. J. H. Kelly's lieport cm the activities of the Institute Development Committee. ;:ce EXHIBIT 9. This Report highlighted the year's activities with information on the Committee's recommendations on brake parts manufacturers, the dinner for Hr. McGovern, publication of the IMS I :JE(.7S, and publication of the AUTOMOTIVE BRAKE DIAGNOSTICS Catalog. Upon motion duly made, seconded, and unanimously approved. It was RESOLVED: That the Report of the Institvte Development Corimittee be accepted as read. Tag INSTITUTE hiSTORICAL SALES PROGRAM A brief report was Included for the fienbershlp concerning the Institute's Historical Gales Reporting Program. See EXHIBIT 10. HeirLara indicate! that the historical sales figures seemed more reliable from the last report. The President emphasized the. confidential nature of the reporting in that no or.o ozher chan the certified public accountants see the actual data sent in by the Members. A Heiubor questioned whether it might not get better response if the data sent in lid net indicate the reporting Member. It was indicated that it would be possible to set up a procedure along these lines but it is felt, for interpretation purposes, that it Is best to know who is reporting. Mr. Kettering commented that manufacturers have been reporting in. a similar fashion on brake fluid for over 20 years. There is a relatively high percentage of the manufacturers, reporting and they have had no difficulty with the program. THE HYDRAULIC BRAKE PARTS SECTION Hie President felt that this subject was important enough that a brief report should be put out concerning brake parts manufacturers and the Institute. See EXHIBIT 11* This Report mentioned Chf formation of a Broke Darts Manufacturers Council under the auspices Of fffiffA* It also mentioned the Historical Sales Program run by ITEMA. The Report covered the Institute's decision not to alter their Constitution and By-Laws to permit membership in the Institute by brake parts manufacturers. Messrs. Kelson and Cutler, of Abex Corporation, had indicated that it would be desirable for the Institute to cooperate with TflJHA in any historical sales reporting. FMSI00009 Minutes of Annual Meeting Jane 27-28, IS 73 The Board, at its Meeting on June 26, 1973, expressed taelr willing ness to cooperate with any other trade association where there might he nutual benefits derived trot such cooperation. Any formal program as regards brake parts manufacturers is not planned. THE DATA IPO!; > flXIIHICAL COMMITTEE REROKX Jir. P.on Itoalli, Chairman of the Data Book & Technical Committee, reported on his Coiranittee's activities during the pest year. See EXHIBIT 12. Among the highlights of the year's activities were the work done on the consolidation program, additional foreign car coverage in our BRAC SHOE IutiTIlrTC.-'TT.CM CATALOG, shoe assignments for shoes taking the 4000 Series Slacks, changes in drilling patterns for disc brake shoes and a common nunfcering system for European brake lining. 'L.ie. European numbering system was covered at the Board Meeting on June 26 and the Institute indicated that it would be happy to assign FMSI hushers to the various Europeou linings as we receive the necessary prints and application data. He have no other suggestion for a common numbering system for the European market. A Mei>er questioned the assignment of shoes for the 4000 Series Blocks. Hr. Moalll replied that the procedure here would be to assign the first heavy shoe A-l, the next A-2, etc. A popular block such as FMS #4515 would take one of these shoes (for example the A-12 shoe). There would be no discontinuance of too 4000 Series Humber?, just additional informa tion as to what the proper shoe is to go with the 4515 block. Member questioned whether consolidation was planned fer uioc brake linings and the Chairman replied that the current work wae only for drum brake passenger car linings. Mr. Moalll indicated that with the sheets prepared for the consolidation, that a manufacturer might not oven need a blueprint for all che sites. Ho would plan or publishing about 200 pages which shoal" cover ail sizes. It was indicated that the consolidation program should be complete through Fhase 3 sometime during the coming fiscal year. Opon motion duly made, seconded, and unanimously cased. It was RESOLVED* To accept the Report of the Data Book & Technical Committee a3 read. BOARD OF DIRECTORS REPORT The Secretary reported on the resolutions passed by the Board of .Directors at the Juca 26, 1973 meeting. The Secretary reported that during the 1972-73 fiscal year, the following resolutions were passed: FMSI 00010 Minutes of Annual Meeting -9- June 27-28, 1973 1. Acceptance of the T.roposed budget of $73,795 for the fiscal year starting July 1, 1972 as adopted by the Membership. 2. Acceptance- of the f .e formula for the fiscal year starting only 1, 1.72 as proposed by the outgoing Board and adopt?d by the iiewbershlp. 3. ilatifled all pets of the officers, staff and committees for the year ended June 30, j?72. 4. Opposition to the AAI!UA certification requirements for brake lining. 5. `that the Constitution and Cy-Laxa 'dll not fca changed to permit membership by "brake parts" manufacturers. In addition, the Board 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 Members! Jchns-llanville Corporation, Auto Specialties Manufacturing; Co, and bllver Line Products. Inc. Vue '.drectors resolved that Centex Corporation vao not currently manufacturing friction materials and therefore could not act as a successor member to Scaadura, Inc. THE NOMIHATI11G COIfrUTTEE REPORT Mr. Simon, Chairman, reported that there were three Board of Directors terms which were expiring this year: Mr. Simon, Brassbestos Corporation, Mr. Ueher, World Bestoa Company, and lir. Got-;, Uaybestos-Manhattan, Inc. The Chairman reported that his 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: Ilr. D. E. Gow, H.aybo3tos-Hanhactan, Inc. Hr. R. Cutler, Abex Corporation, American Brake Block Division Mr. W. Simon, Brassbestos Corporation In answer to a question from the floor, it was announced that the follwleg are the Directors whose terms will be expiring as of June 30, 1974: 'hr. J. U. Greenen, Maremont Corporatise, Grizzly Brake Division fir. 7. V. CatkeV Hr. F.G. Messier, Gatke Corporation Bendix Corporation, Friction flaterials Division Hr. E.R. Zacharias, Carlisle Corporotlon 'Molded Materials Division Other nominations wore called for but none were made. FMSI 00011 linutea of Annual Meet inf. -10- June 27-28, 1973 Upon motion Inly made, seconded and unanimously passed, it was RESOLVED: l'iiat nominations be closed. Ihe Secretary 'as directed to cast one vote for the election of the three nominees to tbe Board of Directors. The Secretary advised that the ballots had been cast. Mr. Si?r.on advised that with the election of these candidates, and the four directors whose terms have not expired, the Board no.r consists of the required seven Members. DRAKE PF.RFOrdiAKCE STUDY COIITITTEE REPORT Mr. 8. 2. Helaon, Chairman of the Crate 'Performance Study Conunictee, delivered his Report on the activities of the Comalttee during the 1972-73 year. See UXUIIIT 13. Upon the completion of "r. kelson's presentation, questions were asked concerning Docket 1-4 and, In particular, the requirement that an Inertia dynamometer be used to evaluate replacement brake linings. To give some background, Mr. fiolson explained that the development of a test procedure has been made the responsibility of the Safety Systems Laboratory. The Safety Systems Laboratory is a research arm of the 1;HTSA. hr. Bob Forthofer and Ilr. John Preston, cf the Safety Systems Laboratory, were formerly with the National Bureau of Standards. They have laboratory facilities for various friction test machines and dynamometers as well as instrumentation for automobiles. Baaed on tests that they have run, they have convinced themselves that the Friction Test Machine will not correlate with che vehicle test. As it is their intention to pattern the replacement lining standard on the FMVSS 105a, & brake systems standard, it is conceivable that they may wish to natch performance with every original equipment lining on every original equipment loading. This would make for a galaxy of teats. To make 9uch a program practical, even with the lack of lmrtia dynamometer capacity, there would have to be 6oire grouping of loadings. lir. Forthofer has said that they are working on the design of a "minimum machine" which, in government language, means something like $50-75,000. In answer to a question, lir. iielson cald that Docket 1-4 currently is aiming at coverage of hydraulic brakes covered by FMVSS 105a and not on brake blocks. Purther, he Indicated that the coverage would be for the 1976 models which start In production on or after September 1, 1975. The .lUTSA have been conalderlng earlier cars, such as the 1968-73 models, but coverage la not known at this time. upon metloa duly made, seconded, and unanimously pass&d, It was RESOLVED: To accept the Report of the Crake Performance Study Committee as read. THE AirdUAL ?IBETIHG COMMITTEE REPORT The session on June 28 started with the Report by the rTiairman of the Annual Meeting Committee, Mr. P. E. Messier. FMSI 00012 Minutes of Annual Meeting -11- June 27-23, 1073 Some discussions took place concerning the Annual '.leeting and the Report was postponed until some late arriving Members were present. Mr. Messier's Report Indicated that the Meeting would once again be held at the Lodge at Vail, Vail, Colorado unless exceptions were taken to that recommendation. Mr. Welson advised that June 17 through the 24, 1974 was definitely Fleet Week and that the Institute should not have Its meeting conflict with Fleet Week. As there had been objections raised to returning to Vail, based primarily on the distance to the airport, suggestions were made to return to the Coral in Florida (near Miami Airport), to a Sheraton resort at Reston, Virginia (near Dulles Airport), or to one of the resorts at Hilton head. South Carolina (near the Savannah Airport). A motion to accept the Report of Mr. Messier was made but not seconded. A -'-ember requested a floor vote on the preference to return to Vail or not to return to Vail. A show of hands indicated a preference not to return to Vail. Suggestions were made from the floor to go to Hilton Head, assuming reservations can be made. Assuming reservations cannot be made at Hilton Head, it was suggested the Institute Meeting again be held at Vail, Colorado In 1974. Personnel at the Lodge at Vail were contacted and they indicated that dates were open in June 1974. Upon motion duly made, seconded and passed, it was RESOLVED: That the June 1974 Annual Meeting of the Institute be held in the Hilton head. South Carolina area, assuming reservations can be made. Ilr. Messier and Mr. Kettering were charged with selecting the names of places to contact at Hilton Head to determine whether our Meeting could be held there. On a suggestion from the floor, either the Chairman of the Committee or the Executive Director were instructed to actually visit the facilities and check them out before a commitment is made. Two criteria that stand out are (1) convenience to airport, and (2) location and condition of the golf course. Additional suggestions were made from the floor to change the general structure of the Annual Meeting. A recommendation was made chat the next Annual Meeting be opened to the v;lves of Members and that the Institute recommend inviting the wives. Objections were raised from ocher Members stating that they liked the Annual Meeting format the way it la now. If Members wish to bring their wives they, of course, may do so, but Che Institute does not encourage this. A motion was made and seconded to have the format changed to Invite the wives but it was not carried. The next suggestion came from the floor: "llhy is the meeting on a Tuesday-Wedneaday-Thursday?" It was stated that one reason for this schedule is to allow the Board of Directors and the Committee Chairmen who must appear at the Board Meeting travel time. For example, if the Board Meeting were held on Monday, these Members would have to travel on Sunday. It was explained that there was no hard and fast rule requiring a Tuesday-Wednesday-Thuraday Meeting and if the Members wished to "changeto a Monday-Tueaday-V-ednesday. Meeting, or a V'ednesday-ThuradayFriday Meeting it could be done by a vote of the Members. A motion was" ~ FMSl 00013 Minutes of Annual Meeting -12- June 27-28, 1973 made to change the dates to a Honday-Tuesday-Uednesday Meeting, but this motion was never seconded. Upon motion made, seconded and unanimously passed. It was RESOLVED: To accept the Report of the Annual Meeting Committee as read with the exception that the Membership has selected Hilton Head as the first choice. INTROBUCTION OF HEW OFFICERS Officers for the 1973-74 fiscal year were selected at the Board Meeting held on Wednesday, June 27, 1973. Hr. J. W. Greenen, the President whose term expires on June 30, 1973, introduced the new Officers: Ilr. Mr. Mr. Hr. Frank Gatke - President William Simon - Vice President Andre Laus - Treasurer Edward Drlslane- Secretary Mr. Gatke, the new President, addressed the Membership and Indicated his appreciation at having been elected as President and assured the Membership that he would keep the Institute moving forward as It has over the past many years. ***** There being no other business brought to the attention of the Membership, on motion duly made, seconded and unanimously passed. It was RESOLVED: To adjourn. The Meeting was adjourned at 10:10 A.M. E. M. Drlslane Secretary FMSI 00014