Document GKG209nOBxa4jqMeZ9oKv7Y3V

FILE NAME: Abex (ABX) DATE: 1973 June DOC#: ABX096 DOCUMENT DESCRIPTION: Minutes of Annual Meeting of the Friction Materials Standards Institute with Attendee List FklCTICM MATERIALS STANDARDS INSTITUTE, INC., E.210 ROUTE 4, PARAMUS.i. J.07652 MINUTES 'H* ANNUAL HEET INC of the FRICTION M ATERIALS STANDARDS INSTITUTg. INC. Wednesday and Thursday, June 27 and 28, 1973, at Lodge at Vail, Vail, Colorado 8:30 HtESRS PRESENT REPRESENTATIVES Abex Corporation Auto Friction Corporation Lendix Corporation Friction Materials Division Rrassbestos Manufacturing Corporation Carlisle Corporation Molded Materials Division Cathe Corporation General Motors Corporation Delco-Moralne Division Uareiaont Corporation Grlssly Brake Division Molded Industrial Friction Corporation Raybestoe-Marihactan, Inc. Royal Industries Brake Products Scandura, Inc. (Cantex) Standco, Inc. S. U. Wellman Corp. ' Wheeling Drake Block Manufacturing Co. World 3eatoa Company, Division of the Firestone Tire A Rubber Company R. Cutler Stuart Coad.os F. E. Messier W. Sinon E. R. Zacharias F. T. Gatke R. J. Kick J. U. Greenon M.. I. Fraziar D. E. G w D. Ogilvie D. Easveld J. S. Allen J. E. Clegg L. Burgess C. Weber OTHERS PRESENT Abex Corporation Auto Friction Corporation Catke Corporation General Motors Corporation Delco-Moraine Division Maront Corporation Grlxxly Breka Division Molded Industrial Friction Corp. P.aybeatos-Manhattan, Inc. Royal Industries Broke Productu S. Wellmen Corporation Wheeling Brake Clock Manufacturing Co. World Bestoa Company, Division of the Flreat<raaTlra A Rubber Company Friction Materiels Stiendirdir Institute Stickles, Kennedy & Van Steeriburgb R. E. Nelson N, Coud.ua U. Boyle R. E. Kettering D. Carlson F. Skelton A. Laus B. Ormore R. R. Moalll W. M. Sleeth C. Newell C. A. Carrigen C. Stratton R. J. Allenan E. W. Drtslane L. D. Stickles FMSI 00003 SCF-ALLF-04615 Minutes of Annual *!eetin" -2- June 27-20, 1973 OT FRESEUT Auto Specialties Manufacturin'*. Co. Chrysler Corporation - Cher.-ica) Division . Torcee Manufacturing Corporation La6co Brake Products Corp., Ltd. H. Forter Co., Inc. Reddawsy .anufacturing Co., Inc. Xhlokol Chemical Corporation .r. Greenen, President, acting as Chairman, called the Meeting to order at 8:30 A.M. " --IKUTKS OF PREVIOUS ;iEETXMC the Minutes^ of the Meeting he l d June 28 and 29, 1972 had been distributed. r!o reading was requested nor were any corrections made thereto. Upon notion duly made, seconded and unanimously passed. It was RESOLVED: That the minutes of the Meeting held June 28 and 9, 1972 b e accepted aa distributed. PRESIDENT'S REPORT .J. '!. Creenen. President, opened the Ke^rine with a report on the Institute's progress during the past fiscal year. See EXHIBIT 1. Mr- Greenen covered the highspots of the year's activities including t.V, meetings of the Ttake l'erfo-nrence Study Committee, the Data Book & Technical Committee, and the Asbestos Study Committee. In addition, a . Special Meeting of tha Board of Directors waa held in October 1972 concerning the controversial requirement of brake lining certification by the A/.hYA. The President commented on several other items in hla Repart, and in conclusion he mentioned the illnese of our Treat>nvr. Mr. ai Laly. Upon motion duly made, seconded and unanlitously passed, it wa RESOLVED: That the President'a Report oe accepted as read. TOE TREASURER'S RETORT In accordance with our Constitution and By-Laws, Mr. J. P. Greenen, President, assumed the responsibilities of Treasurer upon the disability of Mr. Allan Paly. The Secretary read the Treasurer's Reoort. The following Exhibits make up the Treasurer's R e p e l : EXHIBIT 3.1 - Balance Sheet Projected to Juno 30, u?: EXHIBIT 3.2 - Income Statement for the 1972-73 Fiscal Yaar. EXHIBIT 3.3 - Retirement Fund - U. G. Dcschek - - -EXHIBIT-3.4 - 12 year Financial Highlights - FMSl 00004 Minutes of Annual leeting -3- June 27-2S, 1?73 It was noted that the Treasurer'': 'eoort 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 yeat-end accruals. In summary, the Financial Statements showed more than $100,000 in savings accounts and tine deposits, and over $20,000 in Miss Duschek'a retirement Fund. Iha 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 Meaber paid a total of $1,000. By 1972-73 an Active Iienber with one category waa paying $1,700 in annual dues whereas a Regional Mecber was paying $1,300. in other words, the Active Member was paying in excess of 100? mote in 1572-73 than he was paying in 1961-62. The Regional Member had been increased only 302T, from $1,000 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 dvly made, seconded and unanimously passed, it waa RESOLVED: To accept the Treasurer's Report as read. ASBESTOS STUDY CQt-gtTTTEE REPORT Mr. I. U. Ueaver, Chairman of the .erbeatos Study Committee, was present to deliver a talk to the Membership concerning asbestos problems in the friction materials Industry. Mr. Ueaver had 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 seriousneaa of the beate teuirt.ui an they concern the friction materials industry. Mr. Weaver's Report on the Asbestos Study Committee activities is iCXriTEXT 14. In addition, the address that Ur. Heaver gave to the llermberahip at the June 27 Meeting is shown as EXHIBIT 14.1. I-:r. Ueaver discussed some of the background for the 09PA and the EPA regulations. In particular, he pointed out that the OS1IA label requirement was considerably less severe than that originally recommended by the 0SRA Advisory Committee. Mr. Heaver particularly recommended compliance with tbe spirit of the OTOA regulations and suggested that If industry does not show a-willingness to comply with existing regulations that the consumer activist groups and organized labor may push for even harsher regulations. He also discussed the EPA Emissions Standards which again he found to be reasonable and attainable. Mr. Heaver closed his discussion Indicating that the Asbestos Study Committee would continue to keep on top of the regulations emanating from Washington. Mr. Ueaver answered some questions at the end of hie talk. One question had to deal with the accuracy of the meobrane filter method for measuring concentrations of airborne esbestos fiber. Mr. Heaver replied that it is very difficult to get accuracy into this method. It takes considerable training, and even'with'-`the"training different operators will-have different- FMSl 00005 Minutes of. Annual Meeting 4- June 27-2G, 1973 reading8 While he indicated that there are definite problems with the roenfcrane 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. Member asked concerning the EPA emissions requirements where they are In effect legislating dry collectors over wet collectors. The question was "Why." fir. Weaver replied that the wet collectors require very high horsepower to reduce the visible emissions to zero. Ir essence, It is very difficult to get "no visible emissions" with a wet collector. .mother question concerned clothing and the OSHA 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 is used in an asbestos handling work area. Another question had to do with the recommendation that fir. 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 round br.ike 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 atmosphere? Mr. Weaver suggested that there is always the possibility of additional cutting, killing, or grinding and that he felt the fi.SHA label should be used here also. Hio point is that in these subsequent operations the asbestos can be raised to levels above the S 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 OSUA regulations indicate that if there may be subsequent operations, the label should be used. Upon motion -5u.1y made, seconded and unanimously yansed, it was RES01VSD: To accept the Report of the Asbestos Study Committee as presented. MEMBERSHIP CGiuiiTTEE REPORT Mr. Fra.ik T. GetUe reported on the activities of the ileubership Committee during the 1972-73 fiscal veer, .ee EXHIBIT 2. In summary, !lr. Cache's Report shewed the following changes in Membership in the Institute*. FMSI 00006 Minutes of Annual Meeting -5- June 27-2n, 19 73 July 1, 1972 June 3C, 1973 Change Active embers 25 Regional Iiamb-in 10 Licensees o\j 23 (2) 11 1 a In itr. Gatke'a Report it was indicated that we lost Silver Line Products. Inc. and die Johna-Uaaville Corporation. At the conclusion of Mr. Catke's Report, the Secretary advised that Auto Specialties Corporation of St Joseph, itichigan was also terminating its membership. . The Secretary was directed to contact Cali-Dlok and Scan Pac, Inc. relative to their applying for wenberahip. There were several comments made conceding some South American manufacturers whom it ia believed are uaing the F11SI .'umbers on products exported to the United States. Among those mentioned vaa Paata Clutch, S.A. (Mexico), Francisco Stedile S.A. (Brazil), and ianufaeturas Multiples, S.A. (Venezuela). X.t was recommended that the Secretary determine if these manufacturers are using the copyrighted FHSI Numbers. Upon motion duly made, seconded and unanimously approved, it was RESOLVED: That the Report of the Meobetchin Committee je accepted aa read. INVESTMENT ADVISORY C O tMTTES Mr. W. oiison, Chairman of the Investment Adviecry Committee, submitted the Report for his Committee. See EXHIBIT 4. In summary, the Chairman pointed out chat the Institute has transferred a considerable amount of ita savings bank money to time deposits ;.t Higher interest cates. upon motion July cuds, seconded and unanimously passed, it was RESOLVED: To accept the Report of the Investment . Advisory Coramlttsa aa read. THE BUDGET COMMITTEE P.TTCRT Mr. Carl Weber, Chairman of the Budget Committee, presented hla Report vitH the Cropowed Budget o- 1973-74. See EXHIBIT 5. i* summary, the Proposed Kudget for 1973-74 c a lls for to ta l expenses of $7'*,130 va. the 1972-73 budgeted expenses of 273, 795. This la an increase amounting to less than 1%. 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 prioT year's Budget ia the amount of $3,500 in the Pending Project category. This figure is for a pension and insurance program which it is planned Will, start early in the 1973-74 fiscal year. Upon motion duly mads, sseomdsd, and unanimously approved, it was FMSI 00007 Kinuteo of Annual meeting -6- Junc 27-2P., 1973 RESOLVED To accept the Lu.i^et CocmAttea Report ns read. REE 3?C?tajLA COMMITTEE REPORT l.r. Andre t*aua , Chairman of the Rea 'formula Committee, reported on the activities of his Committee. See E X H E I T 6. i>e Fee Formula Committee la recommending that the formula for the iv73-74 fiscal year be the same as that used for the 1972-73 fiscal year. Hila fee formula givea the following: Active I'embera - Basic Fee Category Fee - $1,050 650 regional -'.Mrhers - Associations - $2,200 Individual Firra- 1,300 Regionr.l Z'enbers (U.S. copyright) - San.-.- as Active Member -- category determined as categories exported to U.S. using FM3I copyright. Licensees - _ $500 Ilr. Laut reported tliat the fees for .Active Menbera hove increased over the last 10 years at a significantly greater rate than the fees for the Regional Menbere. Upon motion duly made, seconded and unanimously passed, it was RESOLVED: That the Report of the Fee Formula Committee be accepted aa read. LEGISLATIVE ACTIVITY CCXtMITTEE REPORT Mr. dormn Cornil, Chairan) of the Legislative Activity C<kctJU tee t r.c J on ais Committee's work during 1972-73. See EXHIDIT 7. `hrsentlally, the Report stated that there was no legislation affecting the brake lining Industry during the 1972-73 fiscal year. Mr. Corains Inquired Specifically of Minnesota and California aa to their plans for aztf brake lining legislation. Ur. helson naked Mr. Comlna to provide hi m with the gxact wording of the Minnesota billa, if available. Upon motion duly made, seconded, and unanimously passed, it was RESOLVED: That the Report of the Legislative Activity Committee be accepted aa rend. PUBLIC RELATIONS COMMITTEE REPORT Mr. William Sttxm, Chairman of the Tubllc Relations Committee, reported on the highlight"of hi8 Committee's activities for the 1972-73 fiscal year. See EXHIBIT 8. ----- - - - - . FMSI 00008 iiinucee of Annual Meeting -7- Junc 27-28, 1973 Upon motion duly made, seconded, -nd unanimously approved, it v.'aa RESOLVED: To accept the Report of the Public Relations Committee es read. Tin? IrlSIITUTE DEVRLOPHRirf COHHITTcK REPORT " >e Decretory ^ead Mr. J. H. Kelly's Report on the activities of the Institute Development Committee, r.ce EXHIBIT 9. fhic Report highlighted the year's activities with information on the Committee's recommendations on brake ports manufacturers, the dinner for Hr. McGovern, publication of the fMSI HEMS, and publication of the AUTOMOTIVE BRAKE DIAGNOSTICS Catalog. Upon motion duly made, seconded, and unanimously approved, it van RESOLVED: That the Report of the Institute Development CoiTPiittee be accepted as read. TEE INSTITUTE lilSTOiOCAL SALES PROGRAM A brief report was included for the Iteabership concernlop the institute's Historical Sales Reporting Program. See EXHIBIT 10. " HenLers indicated that the historical sales figures seemed more reliable from the last report. The President emphasized the confidential nature of the reporting in that no oaa o:her than the certified public accountants see the actual data sent in by the Members. A Member questioned whether it might not get better response If the data sent in lid net indicate the reporting tiember. It waa indicated that it wouid be possible to set up a procedure along these lines but it is felt, for interpretation purposes, that it la 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 manufacturer* reporting and they have had no difficulty with the program. THE HYDRAULIC BRAKE PARTS SECTIOH Hie President felt that this subject was important enough that a brief report should be put out concerning brake parta manufacturers and the Institute. See EXHIBIT 11. A i a Report mentioned Ch formation of a Broke Darts Manufacturera Council wider the auapicea Of HEffA, It also mentioned the Via toriCM l Salei Program run by IIEMA. The Report covered the Institute's decision not to alter their Constitution and By-Laws to permit membership in the Institute by brake parta manufacturers. Messrs. Kelson and Cutler, of Abex Corporation, had indicated that it would be desirable for the Institute to-cooperate with.HEMA. In any historical sales reporting. FMSI 00009 Minutes of Annual Meeting -G- Jmx> 27-28, 1973 The Board, at its Meeting on June 26, 1973, expressed tuelr willing ness to cooperate with any other trade association where there might he nutual benefits derived iron* such cooperation. Any formal program as regards brake parts manufacturers is r.ot planned. THE DATA I I K 1 flXIuIICAL COMMITTEE REPOET Jlr. P.on lloalli, Chairman of the Data Ooolt Technical Committee, reported on his Committee's activities during che pest year. See CXTilBIT 12. Among the highlights of the year's activities were the work dons on the consolidation program, additional foreign car coverage In our BRAiiE SHOE Ij EUTITIC.-TICM CATALOG, shoe assignments for shoes taking the 4000 Series Blocks, changes in drilling patterns for disc brake shoes and a common numbering system for European brake lining. l.ie European numbering system waa covered at the Board Meeting on June 26 and the Institute Indicated that it would be happy to assign PMSI Muabers to the various European linings as we receive the necessary prints and application data. Wc have no other suggestion for a common numbering system for the European market. A >leri>er questioned the assignment of nhoes for the 4000 Series Blocks. Mr. tloalli replied that the procedure here would be to assign the first heavy shoe A - 1, the next A-2, etc. A popular block such as FMS #4515 would take one of these shoes (forexample the A-12 shoe). There would be no discontinuance of the 4000 Series lamberr, just additional informa tion as to what the proper shoe is to go with the 4515 block. -* ember irestioned whether consolidation was planned fer u j c brake linings and the Chairman replied that the current work w o f only for drum brake passenger car linings. Mr. Moalll indicated that with the sheers prepi-.ved for the consolidation, that a manufacturer might not even need a blueprint for all the aizes. He would plan on ptiblishlng fbcut 200 pages which shoal" cover ail sizes. It was indicated that the consolidation program should be complete through Fbase 3 sometime during the coming fiscal year. Open notion duly mode, seconded, and unanltaoualy oaaed, it waa RESOLVED To accept the Report of the Bata Book & Technical Committee aa read. BOARD O E DIRECTORS REPORT The Secretory reported on the resolutions passed by tha Board of .Directors at the Juc.2 26, 1973 meeting. The Secretary reported that during the 1972-73 fiscal yaar, the following resolutions were passed: FMSI 00010 ilinutcs of Annual Ueetlng -9- June 27-28, 1973 1. Acceptance of the i.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 Membership. 3. stifled all ccts of tiic officers, staff and committees for the year ended June 30, j?72. 4. Opposition to the AAUVA certification requirements for brake lining. 5. `iliac the Constitution and By-Laea will not be 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 hoard of Directors accepted resignations of the followinn Active Members:; Jchns-IIanvllle Corporation, Auco Specialties (saitficturlng Co, and Silver Line Products, Inc. The Virectors resolved that Centex Corporation vaa not currently manufacturing, friction materials and therefore could not act as a successor member to Scandura, Inc. THE NOMIiiATKiC COMMITTEE REPORT iir. Simon, Chairman, reported that there were three Board of Directors terms which were expiring this year: Ilr. Simon, Braasbeatoa Corporation, Ur. Ueber, World Destoa Company, and l-ir. Gow, i'.aybeatss-Manhattan, Inc. The Chairman reported that hla Committee, after due consideration and in accordance with the requireuentn 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, Raybc3 toa-Manhattan, Inc. Ilr. R. Cutler, Abex Corporation, American Brake Block division Ur. VI. Simon, Braasbeatoa Corporation In answer to a question from the floor, it was announced that the follwi*; are the Director* whose cerms will be expiring as of June 30, 19 74: Mr. J. U. Greenen, Maremont Corporatism Grlrrly Brake TUviaieo Mr. 7. V. Catkei~` Gatk* Corporation Mr. EVE- Messier, Bendlx Corporation, . Friction Materials Division Mr. E.E. Zacharias, Carlisle Corporation Molded Materials Division "Other nominationa were called-for but none were. made. FMSI 00011 limites of Annual Meeting -10- June 27-28, 1973 Upon motion July made, seconded and unanimously passed, it was RESOLVED: That noiainations be closed. ihe Secretciy 'as directed to cast one vote for the election of the three nominees to the Hoard of Directors. The Secretary advised that the ballots had been cast. Mr. Si?run advised that with the election of these candidates, and the four J.-irectors whose terms have not expired, the Eoard no.* consists of the required seven Members. DRAKE PERFORMANCE STUDY CO'.HITTEE REPORT Mr. . 2. ilelson, Chairman of the Crake Performance Study Committee, delivered his Report on the activities of Chn Committee during the 1972-73 year. See tXUIEIT 13. Upco the completion of Vr. Melson's presentation, questions were ashed concerning Doctet 1-4 and, In particular, the requirement that an inertia dynamometer be used to evaluate replacement brake linins. 'To give some background, Mr. do Ison explained that the development of a test procedure taaa been made the responsibility of the Safety System Laboratory. The Safety Systems Laboratory la a research arm of the I?JTS&. hr. Dob Forthofer and Hr. John Preston, of the Safety Systems Laboratory, were formerly with the Jatlonal Bureau of Standards. They have laboratory facilities for various friction teat machines and dynamometers as well ae Instrumentation for automobiles. Baaed on teats that they have run, they have convinced themselves that the Friction Test Machine will not correlate with the vehicle teat. As it Is their Intention to pattern the replacement lining standard on the FKVS3 105n, a brake 3yatens 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 tests. To make such a program practical, even with the lack of iu'.rtia dynamometer capacity, there would have to be 6re grouping of loadings. Mr. 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 r a w e r to a question. Hr. ilelson said that Docket 1-4 currently la aiming at coverage of hydraulic brakes covered by FMVSS 105a and noC <m brake blocks. Further, he Indicated that the coverage would be for the 1976 models which start in production on or after September 1, 1975. The XiTSA have been considering earlier cars, such as the 1968-79 models, but coveraae la not knotm at this Cir<e. Upon nation duly made, seconded, and unanimously passed, 1C was RESOLVE: To accept tha Report of the Crake Performance Study Cerwittee as read. THE AUMUAL MSBTIM0 COMMITTEE RETORT The asasiou on June 30 started with the Report by the Chairmen of the Annual Meeting Committee, Mr. P. E. Measiar. FMSI 00012 Kinutee of Annual Meeting -11- June 27-23, 1073 Some discussions cook place concerning the Annual Meeting and Che Report was postponed until some late arriving Members were present, tlr. Messier's deport indicated that the Meeting would once again be held at the Lodge at Vail, Vail, Colorado unless exceptions were taken to that recommendation. tir. Welson advised that June 17 through the 24, 1974 was definitely Fleet l.'eek 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 Ooral in Florida (near Miami Airport), to a Sheraton resort at Reston, Virginia (near Dulles Airport), or to one of the resorts at Uilton Lead, 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. Teraonnel 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. Hr. Messier and tlr. 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 vives of Members and that the Institute recommend inviting the wives. Objections were raised from other Menbers stating that they liked the Annual Meeting format the way it is now. If Members wish to bring their wives they, of course, may do so, but the 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: "Uhy is the meeting on a Tuesday-Wedneaday-Thursday7,: 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-Thureday Meeting and if the Members wished to "change to" a'Mooday-Tues day-V'ednesday Heetlng _or a Uednes day-Thura dayFriday Meeting it could be done by a vote of the Members. A motion was FMSI 00013 *Inutes of Annual Meeting -12- June 27-28, 1973 made to change the dates to a londay-Tuesday--Wednesday 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. IHTROBDCTIOH OF HEW OFFICERS Officers for the 1973-74 fiscal year were selected at the Board Meeting held on Wednesday, June 27, 1973. Mr. J. W. Greenen, the President whose term expires on June 30, 1973, introduced the new Officers: Ilr. Frank Gadce - President Hr. William Simon - Vice President Mr. Andre Laus - Treaaurer Hr. 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 h e w o u l d 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 RESOLVLD: To adjourn. The Meeting was adjourned at 10:10 A.M. E. w. Drlslane Secretary FMSI 00014