Current wording:
Section 4.3 - Nominations, election and terms. To be included on the printed ballot, directors may be nominated by the Board, by a nominating committee or by petition signed by ten investors and submitted to the Co-op at least forty-five days before the date of the annual meeting. The ballot will have spaces for write-in candidates. Directors shall be elected for staggered two-year terms. Terms of directors shall begin at the next Board meeting following the close of the election. Directors shall hold office until their successors are seated or until their offices are terminated sooner in accordance with these bylaws. No director shall serve for more than three consecutive terms.
Proposed Changes:
Section 4.3 - Nominations, election, and terms. To be included on the printed ballot, directors may be nominated by the Board, by a nominating committee or by petition signed by ten investors and submitted to the Co-op at least forty-five days before the date of the annual meeting. The ballot will have spaces for write-in candidates. The Co-op shall maintain nine positions on the board, each year three shall be elected for staggered terms of three years. Directors may run for reelection to serve three consecutive terms - up to 9 years, after which they must take a minimum of a one year hiatus before they may run for reelection.
Also proposed:
Current Wording:
Section 4.11 - Vacancies. Any vacancy among directors may be filled by the Board at their discretion until the next regularly scheduled election for that position.
Proposed Changes:
Section 4.11 - Vacancies. Any vacancy among directors may be filled by the Board at their discretion at any point in the service year until the next regularly scheduled election for that position. Candidates for mid-term vacancies may be appointed by the board, and appointees will fill the remainder of the existing term. Appointees would be eligible to run for (re)election at the conclusion of that term.
These changes (and board candidates)
will be on the ballot in October.
Voting will start after the annual meeting.