Document RJxnmObMOxa7rM97jBZkr34na

FRICTION MATERIALS STANDARDS INSTITUTE, 588 MONROE TURNPIKE, MONROE, CT 06468 MINUTES OF MEETING of the BOARD OF DIRECTORS !' Tuesday, June 12, 1990 Indian River Plantation Resort & Conference Center Stuart, Florida DIRECTQRS PRESENT Robert E. Nelson Larry Mintman Larry Belans Ron Randall Rita Grisham F. William Barton Abex Corporation Friction Products Group Certified Brakes Allied Signal, Inc. Friction Material Company, Inc. HKM of California, Corp. Nuturn Corporation Reddaway Manufacturing Co. . ~ OTHERS PRESENT w. Max Sleeth, President Thomas P. Weldy, Counsel Gilbert N. Laycock HKM of California Corporation Payne, Morehouse, Shafer & Harlow Attorneys at Law Friction Materials Standards Institute Mr. W. Max Sleeth, President, called the meeting to order at 4:15 P.M. June 12, 1990. Mr. Arthur v. Moore had resigned from the Board of Directors on 5/3/90. After due consideration, Mr. William F. Wood was suggested to replace Mr. Moore for the remainder of his term which expires on June 30, 1991. Upon motion duly made, seconded and unanimously passed, it was: RESOLVED: To appoint Mr. William F. Wood to serve on the Board of Directors for the remainder of Mr. Art Moore's term which expires on June 30, 1991. FMSI 00979 Minutes of the Board of Directors Meeting -2- ELECTION OF OFFICERS June 12, 1990 Mr. Sleeth Called for nominations for the office of President. The name of Mr. Lawrence s. Mintman was presented for President. The nomination was seconded. Upon motion duly made, seconded and unanimously passed, it was: RESOLVED: That the nomination for President be closed. Whereupon the Secretary was instructed to cast one ballot for the election of Mr. Lawrence s. Mintman as President. The Secretary advised that the ballot had been cast. Mr. Sleeth called for nominations for the office of Vice President. Mr. Larry Belans was nominated and seconded for the office of Vice President. Upon motion duly made, seconded and unanimously passed, it was: RESOLVED: That the nominations for the office of Vice President be closed. Whereupon the Secretary was directed to cast one ballot for the election of Mr. Larry Belans as Vice President. The Secretary advised that the ballot had been cast. . For the office of Treasurer, the name of Ms. Rita Grisham was present~d and seconded. Upon motion duly made, seconded and unanimously passed, it was: RESOLVED: That the nominations for the office of Treasurer be closed. Whereupon the Secretary was directed to cast one ballot for the election of Ms. Rita Grisham as Treasurer. The Secretary advised that the ballot had been cast. For the office of Secretary, the name of Gilbert N. Laycock was presented and seconded. Upon motion duly made, seconded and unanimously passed, it was: RESOLVED: That the nominations for the office of Secretary be closed. Whereupon the Secretary was directed to cast one ballot for the election of Mr. Gilbert N. Laycock as Secretary. The Secretary advise.d that the ballot had been cast. Whereupon the following persons are duly elected as officers of the Institute for the ensuing year: Larry Mintman Larry Belans Rita Grisham Gilbert N. Laycock President Vice President Treasurer Secretary FMSI 00980 ~inutes of the Board of Directors Meeting -3- June 12, 1990 Due to his election of President of the Institute, Mr. Larry Mi ntman resigned from the Board of Directors. After discussion and due consideration the name of Mr. Ron Tyqar was suggested to replace Mr. Mintman for the remainder of his term which expires on June 30, 1991. Upon motion duly made, seconded and unanimously passed, it was: RESOLVED: To appoint Mr. Ron Tygar to ~erve on the Board of Directors for the remainder of Mr. Larry Mintman's term which expires on June 30, 1991. ************************** There being no other business brouqht to the attention of the Board of Directors at this time, upon motion duly made, seconded and unani~ously passed it was: RESOLVED: To adjourn. Adjourned at 5:05 P.M. G. N. Laycock Secretary FMSI 00981