Document pmkw8mnYBRVyR7Jx3pD1zooMj

FRICTION HATEPJALS STANDARDS INSTITUTE, INC., E-210 ROUTE 4, PAEA2IUS, N. J. 07652 IJ'JUTES OF MEETING of the 3QAT-L) OF DirECror.S Wednesday, June 26, 1978 at 4:30Pi.I at Camelback Inn, Scottsdale, Arizona Directors Present ?. E. Hessier, President A. E. Itoalli, Vice President A. L. Cutler vf. Simon J. W. Greenen G. A. Carrlgau Director Absent Stuart Comins Officers Present II. P. Gorman, Legal Counsel E. W. Drislane, Secretary Bendlx Corporation Automotive Aftermarket Operations Laybestos-Manhattan, Inc. EH International Abex Corporation Friction Products Group Brassbestos Manufacturing Corporation Huturn Corporation S. K. Wellman Corporation Auto Friction Corporation Gorman & Cole Friction Materials Standards Institute AAA** Ur. Messier, acting as Chairman, opened the meeting at 4:30PU. ELECTION OF OFFICERS Hr. Messier, President, asked Ur. J. U. Greenen to act as temporary chairman for the meeting. Ur. Greenen called for nominations for the office of President. Hr. Francis E lieseier's name was presented and seconded for the office of President. Upon motion duly made, seconded and unanimously passed, it was RESOLVED: That the nominations for the office of President be closed. Whereupon the Secretary was instructed to cast one ballot for the election of Hr. Francis E. ilessler as President. The Secretary advised that the ballot had been cast. Hr, Greenen called for nominations for the office of Vice President. Mr. Ronald R. Uoalli was nominated and seconded for the office of Vice President. FMSI-0295 FMSI 04480 T Liinutes of the Board of Directors ijeeting -2- June 28, 1978 Upon notion 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. Ronald 'l. lloalli as Vice President. The Secretary advised that the ballot had been cast. For office of Treasurer, the name of :.r. William Messier, of the Bendlx Corporation, Friction Materials Division was presented and seconded. Upon motion duly made, secoaded 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 lir. William Messier as Treasurer. The Secretary advised that he had cast such ballot. For the office of Secretary, the name of Mr. Edward U. Drislane 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 instructed to cast one ballot for the election of Mr. Edvjard 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: Francis E. Messier - President Ronald R. lloalli - Vice President William Ussier - Treasurer Edward Drislane - Secretary LSTBNTION OF COTOSEL Mr, Greenen continued as acting Chairman of the meeting. He advised that according to Article VI of the By-laws, at each annual meeting legal counsel shall be retained for the ensuing year. Upon notion duly made, seconded and unanimously passed, it was RESOLVED: That the Law firm of Gorman & Cole be retained as Counsel for the ensuing year. FMSI 04481 iiinutes of the Board of Directors Meeting -3- June 28, 1978 lUTEOTIOH OF AUDITORS ; The Chairman, or 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 Public Accountants, be retained as auditors for the ensuing year. BUDGET - JULY 1, 1978 THROUGH JUflE 30, 1979 The Chairman advised the meeting that the budget, as presented to the Annual Meeting had been adopted by the Membership. Upon motion duly made, seconded and unanimously passed, it was RESOLVED: That a budget of $91,250 for the fiscal year starting July 1, 1978 be accepted. FEE FORMULA - JULY 1. 1978 to JUHE 30, 1979 The meeting was advised that the Membership had been advised of the fee formula proposed for the fiscal year starting July 1, 1978. Upon motion duly made, seconded end unanimously passed, it was RESOLVED: That the annual fee for the Active Members for the fiscal year starting July 1, 1978 be a basic rate of $1,050 and $650 for each category in which engaged; for the individual Regional Member $1,300; for trade groups holding Regional Membership $2,200 and Licensees $500. DATE AND LOCATION OF NEXT BOARD HEBTIHG. The Directors stated that the next meeting may be held in the early Fall of 1978 when the Asbestos Study Committee has reviewed and made recommendations on a "Work Practices Booklet." Until such action is taken, the meeting cannot be scheduled. 1979 A1MUAL MEETING Upon notion duly made, seconded and unanimously passed, it' was aESOlAKaj: Shat, affixed**,; Che outioiac Board of DiroeCoro decision at the June 27, 1978 meeting, the annual Board of Directors and tubership meetings be held at Ocean iieef Club, Key Largo, Florida, during the week of June 11, 1979. FMSI 04482 ilinutes of the Board of Directors Meeting -4 June 28. 1978 ' ft * * ft . * . Ilo futher business was brought to the attention of the meeting, Upon motion duly made, seconded and unanimously passed, it was UESOLVED: To Adjourn Adjourned at 4:50PM E.TT. Drislane Secretary f0 * FMSI 04483