Elders Association, Inc.
Annual Corporation Meeting Agenda
was called to order at 1:18 PM by President Donaldson.
Roll Call by
, Don Burr, Michael Joyce,
Bob Kravecs, Jeff Davis, Tristan Lawrie, Geoff Preston and Paul
DeRose via conference call for the Investment Committee portion of
the meeting. Secretary
Niederwerfer was not able to attend due to engine trouble.
Tom Stevens and Dennis Johnson were both out of State and
unable to attend.
a Quorum by Doug Donaldson.
of Minutes from the last annual meeting.
report: Don Burr
Checking Account - $ 3,043.92
Investment CD's -
Investment Account - $49,226.13
Paul DeRose attended the meeting via conference
call. He was appointed
as a member of the Investment Committee by Geoff Preston and
ratified by the board.
and discussion with our new financial advisor: Panfilo Gugliemi from
Advanced Capital Advisors introduced himself and his company to the
board. The committee recapped our investment philosophy: i.e. all of
the funds are to be invested aggressively at the time of Panfilo's
choosing. We are
interested in aggressive growth and we understand that there will be
significant risk associated with this posture.
He answered questions regarding his fees and
He is donating his fees as a courtesy to Bob
Kravecs who is his friend and a client.
His company is able to avoid the usual minimum
investment limits for many funds because of their status as
He asked for written guidance regarding who is authorized to
order trades and transactions.
That from time to time the Theta Elders Association will place
certain of its assets under the control of Panfilo Gugliemi of
Advanced Capital Advisors. Bob Kravecs is authorized to
act on behalf of the organization for all matters including but
not limited to transaction instructions for the account.
In Dr. Kravecs' absence, Don Burr is authorized to act for the
The board directed
to create a suitable thank you for Panfilo's services if we aren't
broke a year from now..
Chapter Active Scholarship Grant:
Funding for the Undergraduates at the Annual Convention and LTI:
Fundraising / Dues Campaign Plan:
Brother Joyce will print dues notices working with
Lengthy discussion ensued regarding fundraising.
Brother Donaldson will draft a complete program to submit to
Mike Joyce and then the entire board for review by the end of June.
List of Members Eligible to
Ode and Adjournment:
submitted in Tau Kappa Phi,
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