Document b51qjpxE0pdVG7rOREnvqD8o0

FRICTION MATERIALS STANDARDS INSTITUTE, INC., E-210 ROUTE 4, PARAMUS, N.J. 07652 MINUTES OF MEETING of the BOARD OF DIRECTORS Wednesday, June 16, 1982 at Sawgrass, Ponte Vedra Beach, Florida O^ ^ DIRECTORS PRESENT Robert E. Nelson, President Francis E. Messier Robert J. Anderson David E. Cunningham F. William Barton John P. Gallagher Gordon A. Carrigan Abex Corporation Friction Products Group Bendix Corporation Automotive Aftermarket Operations Certified Brakes Lear-Siegler Company Raybestos-Manhattan, Inc. Reddaway Manufacturing Company Thiokol Corporation Friction Division S. K. Wellman Corporation OTHERS PRESENT William Simon, Treasurer Robert P. Gorman, Counsel Edward W. Drislane, Secretary Brassbestos Manafacturing.Company Durand, Gorman, Heher, Imbriaco & Lynes Friction Materials Standards Institute ***** Mr. Carrigan, acting as Chairman,called the meeting to order at 5:05 PM, June 16, 1982. ELECTION OF OFFICERS Mr. Carrigan called for nominations for the office of President. The name Robert E. Nelson was presented for President. The nomination was seconded. Upon motion duly made, seconded and unanimously passed, it was: RESOLVED: That the nominations for the office of President be dosed. Whereupon the Secretary was Instructed to cast one ballot for the election of Mr. Robert E. Nelson as President. The Secretary advised that the ballot had been cast. Mr. Nelson then assumed the position of Chairman of this meeting, and called for nominations for the office of Vice President. Mr. Stuart Comlns was nominated and seconded for the office of Vice President. FMSI 07166 U'3 (4) Minutes'bf the Board of "*" Directors Meeting -2- - June 16, 1982 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. Stuart Comins as Vice President. The Secretary advised that the ballot had been cast* * I ,, r fr f - -.T. r * . For the Office of Treasurer^" the name of'Mr William Simon was presented 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 Mr. William Simon!hs ifeasurefThe Secretary advised that Tie had cast such ballot. ~ vn.i For the Office of Secretary,'.the name of Mr. Edward W. Drislane was presented and seconded. r - - ' 'y* Upon motion duly made, seconded and unanimously passed, it was: RESOLVED: That the nominations for the office t^ of Secretary be closed. .............. . - ... .... ' > Whereupon the Secretary was instructed to cast one ballot for the election of Mr. Edward W. Drislane as Secretary. The Secretary advised that the ballot 'had been cast. " - - Whereupon the following persons are duly elected as officers of the Institute for the ensuing year: .. . " * - | _. i Robert E. Nelson - President . . Stuart Comins..... .... .Vice President William Simon - --- Treasurer . Edward W. Drislane - Secretary . . . . - . . J ;. -R--E---T--E---N---T--I-O---N-----O---F-----C--O---U---N--S---E--L-- . " , ' '' i . - .r.. ... ., . .: : r.. .. Mr. Nelson advised -that according to ARTICLE VII of the By-Laws, at each annual meeting legal counsel shall be retained for the ensuing year.; Upon motion duly made, seconded and unanimously passed,' it was: RESOLVED: ` That Mr. Robert P. Gorman of the Durand, Gorman Heher, Imbriaco & Lynes Law Firm be retained as Counsel for the ensuing year. " FMSI 07167 Minutes of the Board of Directors Meeting -3- June 16, 1982' :; -'.-p.,,.',,RETENTION OF AUDITORS ' ' , '. .. The Chairman op recommendation of the. Secretary, suggested the retention of auditors for-the ensuing ..year ,;... Upon motion duly made, seconded and unanimously passed, it was: ' RESOLVED: That Marshall Granger & Co/,'Certified ' 11 *' ^^ Public Accountants, ,be retained as , , ' -. . j r i/ m 1 i ' * ' j f JjL .; ' ! r -* auditors' for the ^ensuing year- - ; ..... _,. , . -7 , - ' i,v * ` J BUDGET - JULY 1, 1982' THROUGH JUNE* 30, 1983 3' - . i '< >- r - ... The Chairman advised the meeting that the expense'budget presented to the Annual Meeting for $107,500 for 1982-83 ba'd been adopted by the Membership. Upon motion duly made, seconded and unanimously .passed, it was: RESOLVED: That a budget of $107,500 for the fiscal _ year starting July 1, 1982 ie accepted. ', , . FEE .FORMULA - .JULY 1 '1982' to JUNE;:30,'7'1983 ;j ` The meeting was advised that the outgoing Board of Directors had voted to Increase the annual fee and fee formula for the fiscal year starting July 1, 1982. The newly-elected Board of Directors was asked to affirm the new fee formula. Upon motion duly made, seconded and unanimously passed, it "was:-' ' . RESOLVED: ... . . . . That the annual fee for the fiscal year ... , starting July .l, 1982 for Active Members and Regional Menbers with Active Member : rights be a basic rate of $1,300 with an additional $700 for each category in which engaged; for individual regular. Regional Members $1,600; for trade groups holding Regional .Membership $2,600; and Licensees $600. ` ` ......... . ' . '' The Secretary was directed to contact the Accountants in order to explain to the Menbers how the Reserve created by the additional dues would be handled. This explanation was to be sent the Membership before July 1, 1982. . ASBESTOS COMPENSATION COALITION The Board of Directors.discussed the presentation made by the Asbestos Compensation Coalition. As , the presentation was made to the Menbership after the meeting of the outgoing Board of Directors, the incoming Board of Directors had been assigned the task of deciding what action, if any, was to be taken relative to the Institute Hnd the Coalition. FMSI 07168 Minutes of the Board of Directors Meeting -4- ., . , ... . ' June 16, 1982 ' ` It was stated that the Institute should advise the Coalition that it would like to distribute papers, copies of presentations, and suggested legislation to Institute Members, coordinating any such works with the Chairman of the Institute's Health and Environmental Affairs Committee. The Secretary^ " was directed to thank the Coalition for its presentation at the Membership Meeting. ; . .' -i: .. v. ; r . .. v sbrm ' Upon motion duly made, seconded and unanimously passed, it was:....... .. ... : "JL'i li- ..uj J RESOLVED: ,. ., ......... L' . To maintain liaison with; the'Asbestos^ 1 Compensation Coalition 'J&id coordinate' ' .any distribution'of; proposals, view- . , . points, and accomplishment's of said-- --- Coalition through the Institute's ^ Health and Environmental Affairs . ,i" ` Committee. " ' '* ' . V -. MEETING OF THE BOARD OF DIRECTORS -r; : 1 The next meeting of the Board of Directors is scheduled for the week of June 13, 1983, at Sawgrass,' in Porite Vedra Beach,' Florida. If due to Committee action or other reksbns an earlier Board Meeting must be called, the Directors will decide on a location and date at that time. ' ' -.......... ' ' it ' '* * * ' " There being no other business brought to the. attention of the Board of Directors,' " ' - ' Upon motion duly made,' seconded and;unanimously passed, it was: RESOLVED: To adjourn . Adjourned at 5:15 PM : ` ,r \ . iE. -W. Drlslane Secretary Z :I i FMSI 07169