All motions were approved.
Here is the tally:
Question #1Motion to adopt the Board recommended revised bylaws
| Vote In Favor - adopt revised bylaws | 287 |
| Vote Against | 6 |
| Abstain (default if nothing selected) | 12 |
Motion to approve Fall 2019 minutes
| Vote In Favor - approve minutes | 266 |
| Vote Against | 0 |
| Abstain (default if nothing selected) | 36 |
Motion to approve Spring 2020 minutes
| Vote In Favor - approve minutes | 263 |
| Vote Against | 0 |
| Abstain (default if nothing selected) | 35 |
Motion to adopt the Board recommended increase to our equity share price
| Vote In Favor - increase equity share price | 250 |
| Vote Against | 44 |
| Abstain (default if nothing selected) | 11 |
Our updated bylaws can be found here.
Here is an FAQ document on why the owner share price was changed from $200 to $300.
Later today, Friday, October 2nd, we will be sending out information about how existing owners can add their $100 in additional equity to bring their share up to $300 and how new members can join for $300. We will offer an abundance of options including extended installment plans (and a grace period for existing member-owners those that need time to begin making installments toward that additional $100). Those who are member-owners through our Community Equity Fund will see no change. Again, stay tuned for more information. Thank you everyone for your support!
In Cooperation,
Chad Hooper, Board President
Lori Burge, General Manager