Document QX9MK4oeBQ4xG6egN1za6jNy6

FRICTION ;iAXii:OALS STANDARDS IilSTITUTE, INC., E.210 ROUTE 4, PARAMUS.il J.07652 lilies 'll* ANNUAL MEETING of the FilICTIQ.' MATERIALS STANDARDS INSTITUTE, INC. Wednesday and Thursday, June 27 and 28, 1973, 8:30 A. il. at Lodge at Vail, Vail, Colorado i-t&ILSRS PRESENT REPRESENTATIVES Abex Corporation Auto Friction Corporation Lendl* Corporation Friction Materials Division Brasabestos Manufacturing Corporation Carlisle Corporation Molded Materials Division Gatke Corporation General Motors Corporation Delco-tloralne Division llaremont Corporation Grizzly Brake Division Molded Industrial Friction Corporation Raybestoe-Manhattan, Inc. Royal Industries Brake Products Scandura, Inc. (Cantex) Standco, Inc. S. U. Wellman Corp. Wheeling Brake Block Manufacturing Co. World Seatos Company, Division of the Firestone Tire & Rubber Company R. Cutler Stuart Comlns F. E. Messier W. Simon E. R. Zacharlas F. T. Gatke R. J. Kick J. W. Greenan M. I. Frazier D. E. Go*v 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-Moraina Division Maramont Corporation Grizsly Broke Division Molded Industrial Friction Corp. Raybestos-tfanhattan, Inc. Royal Industrias Brake Products S. II. Wellman Corporation Reeling Brake Clock :ianufacturlng Co. World Bestos Company, Division of tha Firestone Tire & Rubber Company Friction Materials Standards Institute Stickles, Kennedy 5. Van Steenburgh R. E. Nelson H. Comlns H. Boyle R. E. Kottaring D. Carlson F. Skelton A. Laus B. Ozmore R. R. Moalli W. M. Sleeth C. Newell G. A. Carrlgsn G. Stratton R. J. Alleman E. W. Drialana L. D. Stickles FMSI-0155 FMSl 00003 Minutes of Annual ''eetlnp -2- June 27-20, 1973 UOTT FRES&ff Auto Specialties Manufacturing Co. Chrysler Corporation - Cher.:ica7 Division Forcee Manufacturing Corporation Lasco Brake Products Corp., Ltd. H. Forter Co., Inc. Reddaway Manufacturing Co., Inc. XMokol Chemical Corporation hr. Greenen, President, acting as Chairman, called the Meeting to order at 8; 30 A.II. HIKUTES OF PREVIOUS MEETING The Minutes of the Meeting held June 23 and 29, 1972 had been distributed. Mo 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 29, 1972 be accepted as distributed. PRESIDENT'S REPORT Mr. ), '/. Creenen. President, opened the Meeting with a report on the Institute's progre33 during the past fiscal year. See EXHIBIT 1. Mr- Greenen covered the highspots of the year's activities Including the meetings of the Peake Performance Study Committee, the Data Book & Technical Committee, and the Asbestos Study Committee. In addition, a Special Meeting of the Board of Directors was held in October 1972 concerning the controversial requirement of brake lining certification by the Af.hVA. The President commented on several other Items in his Report, and in conclusion he mentioned the illness of our Inmuwr, Mr. a1 Laly. Upon motion July made, seconded and unanliwusly passed, it was Rl'SOLVED: That the President's Report oe accepted as read. THE TREASURER1S REPORT In accordance with our Constitution and By-Laws, Mr. J. W. Greenen, President, assumed the responsibilities of Treasurer upon the disability of Hr. A3lan Daly. The Secretary read the Treasurer's Reoort, The following Exhibil.3 make up the Treasurer's Repci;:: EXHIBIT 3.1 - Balance Sheet Projected to June 30, 1373 EXHIBIT 3.2 - Inccrne Statement for the 1972-73 Fiscal Year. EXHIBIT 3.3 - Retirement Fund - U. G. Drschak EXHIBIT 3.4- 12 year Financial Highlights. FMSI 00004 Minutes of Annual lectio3 3- June 27-28, 19 73 It was noted that the Treasurer's ' sport 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 roore than $100,000 in savings accounts and time deposits, and over $20,000 in Miss Duschek's retirement Fund. Tha Institute operated during the 1972-73 fiscal year with a net income in excess of $18,000. 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 Member paid a total of $1,000. By 1972-73 an Active Member with one category was paying $1,700 in annual dues whereas a Regional Member was paying $1,300. In other words, the Active Menber was paying in excess of 100% more in 1972-73 tlian he was paying in 1961-62. The Regional Member had been increased only 30, 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 duly made, seconded and unanimously passed, it was RESOLVED: To accept the Treasurer's Report as read. ASBESTOS STUDY COMMITTEE REPORT Mr. I. H. Weaver, Chairman of the tcbestos study Committee, was present to deliver a talk to the Membership concerning asbestos problems in the friction materials industry. Mr. Weaver had submitted a written report summarizing hla 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 ebesfr> ree,ui*ti-jna as they concern the friction materials industry. Mr. 'leaver'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. Mr. Weaver discussed some of the background for the 0SP4 and the EPA regulations. In particular, he pointed out that the OSUA 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 OSBA regulations and suggested that if industry does not shew 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. 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 FMS1 00005 Minutes of Annual Meeting -4- June 27-28, 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. 'reaver 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 Jn effect legislating dry collectors over wet collectors. The question wa3 `Why." Hr. 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 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 Mr. Weaver made that all boxes or cartons containing friction materials have the OSHA 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 OShA label, since it was most likely that there would be no subsequent drilling, cutting, or grinding to put asbestos dust into the atmosphere? Hr. Weaver suggested that there is always the possibility of additional cutting, Irillinp, or grinding and that he felt the OSHA label should be used here also. Hio point is that in these subsequent operations the asbestos can be raised to levels above the 5 fiber per cc limit in the OSILA standards. This will be even more of a problem when the standards drop to 2 fibers per cc. Mr. Weaver felt the OSHA regulations Indicate that if there may be subsequent operations, the label should be used. Upon motion duly made, seconded and unanimously tansed, it was RESOLVED: To accept the Deport of the Asbestos Study Committee as presented. MEMBERSHIP COidllTTES REPORT Mr. Frank X. Oatke reported on the activities of che Membership Committee during the 1972-73 fiscal year. iee EXHIBIT 2. In summary, Mr. Gatke's Report shewed the following changes in Membership in the Institute: FMSI00006 Minutes of Annual Meeting -5- June 27-26, 1973 JulT 1. 1972 June 30, 1973 Change Active Members "egional Members License23 25 10 uo 23 (2) 11 1 8 In Hr. Gatlce's Report It was Indicated that we lost Silver Line Products, Inc. and die Johns-:Ianvllie Corporation. At the conclusion of Hr. Gatke's report, the Secretary advised that Auto Specialties Corporation of St Joseph, Michigan was also terminating Its membership. The Secretary was 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 FHSI numbers on products exported to the United States. Among those mentioned was Pasta Clutch, S.A. (Mexico), Francisco Stedile S.A. (Brazil), and Manufactures Multiples, S.A. (Venezuela). It was recommended that the Secretary determine If these manufacturers are using the copyrighted FMS1 Numbers. Upon motion duly made, seconded and unanimously approved, it was RESOLVED: That the Report of the Membership Committee ja accepted as read. INVESTMENT ADVISORY COMMITTEE Hr. W. Siison, 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.t nigher interast rates. Upon motion July made, seconded and unanimously passed, it was R2S0LVLD: To accept the Report of the Investment Advisory Committee ss read. THE BUDGET COMMITTEE P.rPCRT Mr. Carl Weber, Chairman of the Budget Committee, presented hla Report with the Proposed Budget for 1973-74. See EXHIBIT 5. In summary, the Proposed Budget for 1973-74 calls for total expenses of $74,130 v*. the 1972-73 budgeted expenses of $73,795. This is 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 3peot 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 is planned will start early in the 1973-74 fiscal year. Upon motion duly made, ascended, and unanimously approved, it was FMSI00007 Minutes of Annual Meeting -6- Junn 27-2P, 1973 RESOLVED* To accept the budget Committee Report as read. FEB FORMULA COtStlTTEB REPORT 'Jr. Andre Laua. Chairman of the Fee Formula Committee, reported on the activities of his Committee. Fee EXHIBIT 6. The Fee Formula Committee is recommending that the formula for the 1973-74 fiscal year be the same as that used for Che 1972-73 fiscal year. Tliis fee formula gives the following: Active Members - Basic Fee Category Fee - $1,050 650 Re "i ona1 ?mbers - Associations - $2,200 Individual Firms- 1,300 Region;;l .'embers (U.S. copyright) - Faro as Active Hetrber -- category determined as categories exported to U.S. using FM9I copyright. Licensees - - $500 Ur. Laus reported that the fees for Active Members have increased over the 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 ACTIVITY COMMITTEE REPORT Hr. Norman Cowii, Chairman of the Legislative Activity CoticnlLt.se, i>oited on his Committee's work, during 1972-73. See EXHIBIT 7. Essentially, the Report stated that there was no legislation affecting the brake lining industry during the 1972-73 fiscal year. Mr. Comlns Inquired epeqiftcally of Minnesota and California as to their plans for any brake lining legislation. Hr. Nelson asked Mr. Comlns to provide him with tile 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 read. PUBLIC RELATIONS COfggTTEE REPORT Hr. William Simon, Chairman of the Tublie 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- June 27-28, 1973 Upon motion duly made, seconded, md unanimously approved, it was RESOLVED: To accept the Report of the Public Relations Committee es read. THE INSTITUTE DEVgLOPMEirf COMMITTEE REPOP.T The oecretery read Mr. J. H. Kelly's Report on the activities of the Institute Development Committee. ::ee EXHIBIT 9. This Report highlighted the year's activities with information on the Committee's recommendations on brake parts manufacturers, the dinner for Mr. McGovern, publication of the MSI MEMS, and publication of the AUTOMOTIVE BRAKE DIAGNOSTICS Catalog. Upon motion duly made, seconded, and unanimously approved. It was RESOLVED: That the Repour of the Institute Development CermLttre be accepted as read. TUS INSTITUTE hlSTORICAL SALES PROGRAM A brief report was included for the Men&ership concerning the Institute's Historical Sales Reporting Program. See EXHIBIT 10. Members indicate! that the historical sales figures seemed more reliable from the last report. The ''resident emphasized the confidential nature of the reporting in that no ora 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 lie! net indicate the reporting Member. It was indicated that it would be possib1e to set up a procedure along these lines but it is felt, for interpretation purposes, that it la best to knot# 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 HYDRAULICBRAKE PARTS SECTION The 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 the formation of a Brake Parts Manufacturers Council under the auspices of MENA, It also mentioned the Historical Sales Program run by ItEMA. The Report covered the Institute's decision not to alter theif 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 tlEMA in any historical sales reporting. FMSI 00009 T Minutes of Annual Meeting! -u-- Jane 27-28, 1973 The Board, at its Meeting on June 25, 1973, expressed t.ielr willing ness to cooperate with an/ other trade assDelation '/here there might he mutual benefits derived from sudi cooperation. Any formal program as regards brake parts manufacturers 5s not planned. THE DATA IMO'C > TBCIiillCAL COi-CATTEM REPORT Mr. Ron lloalli. Chairman of the Data Book & Technical Committee, reported on his Committee's activities Curing the pant year. See EXHIBIT 12. Among the highlights of the year's activities were the work dona on the consolidation program, additional foreign car coverage in our BRAuE SHOE IufiTTlTIC fT/'H CATALOG, shoe assignment* for shoes taking the 4000 Series Blocks, changes in drilling patterns for disc brake shoes and a common numbering system for European brake lining. T.ie European numbering system was covered at the Board Meeting on June 26 and the Institute indicated that it would be happy to assign FUSI Wusbers to the various European linings as we receive the necessary prints and application data. Me have no other suggestion for a common nusberlng system for the European market. A Member questioned the assignment of shoes for the 4000 Series Blocks. Mr. lioalli 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 FITS #4515 would take one of these shoes (for example the A-12 shoe). There would be no discontinuance of too 4000 Series iiurcberr, just additional informa tion as to what the proper shoe is to go with the 4515 block. a Meiubev qv.estioned whether consolidation was planned fer aijc brake linings and the Chairman replied that the current work was only for drum brake passenger car linings. Mr. lioalli Indicated that with the sheers prepared for the consolidation, that a manufacturer might not oven need a blueprint for all bhe sizes. He would plan on publishing fbout 200 pages which shoul" cover ail sizes. It was indicated that the consolidation program should be complete through Phase 3 sometime durinp the coming fiscal year. Upon motion duly made, seconded, and unanimously cased. It was RESOLVED: To accept the Report of the Data Book & Technical Committee as read. BOARD OF DIRECTORS DEPORT The Secretary reported on the resolutions passed by the Board of THreetors at the Jur.c 26, 1973 meeting. The Secretary reported that during the 1972-73 fiscal year, the following resolutions were passed: FMSI 00010 (inutes of Annual Meeting -9- Juoc 27-28, 1973 1. Acceptance of the proposed budget of $73,795 for the fiscal year starting Jul" 1, 1972 as adopted by the Membership. 2. Acceptance: of the f .e form]a for the fiscal year starting ouly 1, 1,72 as proposed by the outgoing Board and adopted by Che Membership. 3. Ratified all pets of the officers, staff and committees for the year ended June 30, j?72. 4. Opposition to the AAItVA certification requirements for brake lining. 5. that the Constitution and By-Laws will not fcc 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 resi<matlons of the following Active Membersi Jchns-ilanville Corporation, Auto Specialties Manufacturing Co. and Silver Line Products. Inc. The Virectors resolved that Cantex Corporation was not currently manufacturing friction materials and therefore could not act as a successor member to Scandura, Inc. THE NOMIHATIiTC COMMITTEE REPORT iir. Simon, Chairman, reported that there were three Board of Directors terms which were expiring this year: Mr. Simon, Braasbestos Corporation, Mr. Ueher, World Sestoa Company, and Ur. Gw/, i'.aybestos-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: Ur. D. E. Gow, Raybo3tos-Har>hattan, Inc. Mr. It. Cutler, Abex Corporation, American Brake Block Division Ur. 17. Simon, Braasbestos Corporation In answer to a question from the floor, it was announced that the following are the Directors whose terms art11 be expiring as of June 30, 1974: *tr. J. U. Greenen, Haremont Corporatism* Grizzly Brake TUvislen Ur. 7. V. Catke, Gatke Corporation Mr. E.d. Messier, Bendix Corporation, Friction Materials Division Mr. E.R. Zacharias, Carlisle Corporation Molded Materials Division Other nominations were called for but none were made. FMSI00011 iinutes of Annual Meeting -10- June 27-28, 1973 Upon motion duly made, seconded and unanimously passed. It was RESOLVED; that nominations he closed. rhe Secretary *'as directed to cast one vote for the election of the three nominees to the Board of Directors. The Secretary advised that the ballots had been cast. Ur. Si-r.on advised that with the election of these candidates, and the four directors whose terms have not expired, the Board not consists of the required seven Members. ERMg PEREOSUAHCE STUDY CO' UITTEE REPORT *,r. 1. 2, Helson, Chairman of the Crake Performance Study Committee, delivered his Report on the activities of tha Comaittee during the 1972-73 year. See LUIUI-IT 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, Ur. tfelson explained that the development of a test procedure has been made the responsibility of the Safety System* Laboratory. The Safety System Laboratory la a research arm of the LUISA, hr. Bob Forthofer and Ur. John rreston, of the Safety Systems Laboratory, were formerly with the Jatlonal 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 the vehicle test. As it is their Intention to pattern the replacement lining standard on the FKVSS 105a, & brake systems standard, it is conceivable that they may wish to match perforraar.ee with every original equipment lilting 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 sore grouping of loadings. Ur. 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, Ur. ilelson said that Docket 1-4 currently is aiming at coverage of hydraulic brakes covered by FMVSS 105a and nob on brake blocks. Further, he indicated that the coverage would be for the 1976 models which start in production on or after September 1, 1975. Hie JUXSA have been considering earlier cars, such as the 1968-73 models, but coverage la not known at this time. Upon motion duly made, seconded, and unanimously passed. It was RESOLVED; To accept the P.epott of Che Crake Performance Study Ccru-ittee as read. THE UEETIHG COffllTXEE RETORT The session on dune 2fi stasted with the Report by the 'Tiairman of the Annual Meeting Committee, Mr. F. E, Messier. FMSI00012 Minutes of Annual Meeting -11- June 27-20, 1973 Some discussions took place concerning the Annual Meeting 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. Hr. MeIson 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 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 Member 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. fir. Messier and Mr. Kettering were charged with selecting the names of places to contact at Hilton Head to determine whether our fleeting could be held there. On a suggestion from the floor, either the Qiairman 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 that the next Annual Meeting be opened to the wives of Members and that the Institute recommend inviting the wives. Objections were raised from other Meobers 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: "llhy is the meeting on a Tuesday-Wednes day-Thuraday7': It was stated that one reason for this schedule is to allow the Hoard 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-Thursday Meeting and if the Members wished to change to a itenday-Tuesday-l'adnesday Fleeting or a Kednesday-ThursdayFriday Meeting it could be done by a vote of the Members. A motion was FMSI 00013 Minutes of Annual Meeting -12- June 27-28, 1973 made to change the dates to a Monday-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. INTRODUCTION 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: Mr. Frank Gatke - President Mr. William Simon - Vice President Mr. Andre Laus - Treasurer Mr. 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 13:10 A.H. 2. M. Drlslane Secretary FMSI 00014