Board of Directors
Meeting Minutes
Wednesday, April 26, 2023
EFC Community Room, 1341 W. 26th
Shari Gross called the meeting to order at 5:39pm.
Attending: President - Shari Gross, Vice President - Kevin Schaaf, Treasurer - Derek Golembeski, Secretary - Liz Bugbee, Directors: Amanda Gates, Chauncey Dumbya Brown (attending via Zoom), Wren Holquist, Sarah Parker, Colleen Daisley (attending via Zoom)
Staff Personnel: Chief Executive Officer/General Manager - LeAnna Nieratko; Marketing Manager - Heidi Yeagle, HR Manager - Chris Wrobel, Store Manager - Chad Seblink
Guests: No guests in attendance.
Member Owner Comments: No comments brought forward.
Review of Last Month’s Minutes; Liz Bugbee
Motion was made by Derek Golembeski to accept the minutes as written. Colleen Daisley seconded. There was no discussion. Motion passed.
Treasurer's Report: Derek Golembeski
It was a robust month for new memberships with 29 new full memberships and 5 requests for return of equity.
CEO/GM Reporting: Chad Seblink and Board
CEO/GM Report: LeAnna was attending a conference and submitted the report to the Board prior to the meeting for review. Chad Seblink was present to answer questions and provide a summary as needed. Overall, he stated that sales have been great and there have been lots of new faces in the store.
B7: Communication to the Board: LeAnna submitted the policy prior to the meeting and reported evidence of compliance with all parts of the policy
Motion was made by Liz Bugbee to accept the CEO/GM report and policy review. Sarah Parker seconded. Motion passed.
Board Policy Evaluation: Shari Gross
**C3 - Agenda Planning:** All Board Members reported compliance with all sections of the policy. C4 - Board Meetings: All Board Members reported compliance with all sections of the policy.
Motion was made by Amanda Gates to accept the policy review. Kevin Schaaf seconded. Motion passed.
Board Learning:
Financial Training for Directors: Derek Golembeski
Derek gave a brief summary of his takeaways from the Columinate finance training series. He was surprised to learn that grocery stores, including EFC, run on such a small margin, often less than 2%.
New Member Benefits: Heidi Yeagle
Heidi reviewed the new proposal for member benefits - Owner Extras. Owners will save an extra 10% on the monthly Co-op Deals. She shared the new brochure and a postcard explaining the new benefit and current benefits that will remain (bulk sale, 10% off cases, coffee and smoothie club). She proposed that the new program would start on 7/1/23.
A motion was made by Shari Gross to approve the new program. Derek Golembeski seconded. Nine Board members voted to approve, zero were opposed. Motion passed.
New Business:
Board Applications: Reminder to the Nominating Committee that a call for Board applications should begin in June. Committee members will meet to get the ball rolling.
Finance Committee: Finance Committee will schedule a meeting to discuss board budget. Closure:
Motion was made by Amanda Gates to adjourn the meeting. Derek Golembeski seconded. Meeting adjourned at 6:32PM.