MINUTES OF THE AUGUST 15, 2013 LIONEL COLLECTORS CLUB OF AMERICA
MINUTES OF THE LIONEL COLLECTORS CLUB OF AMERICA
BOARD OF DIRECTORS CONFERENCE CALL MEETING
THURSDAY, AUGUST 15, 2013
The Board of Directors of The Lionel Collectors Club of America met on Thursday August 15, 2013 at the behest of President, Dennis DeVito who called the meeting to order at 3:01 PM EDT. Members of the board had previously been notified of the meeting by email from the Immediate Past President. Each member was asked to confirm their availability for participation in the conference call by notifying the club Secretary, Harry Hampson. Subsequently, each member notified Secretary Hampson of same either via email or telephonically.
Present:
Immediate Past President, Dennis DeVito
President-elect, Al Kolis
Director, Harry Overtoom
Director, Bill Schmeelk
Director, Johnny Ourso
Director, Roger Farkash (due to the press of business, Mr. Farkash joined the meeting later)
Secretary, Harry Hampson
The purpose of the meeting was to discuss the ongoing governance of The Lionel Collectors Club of America due to the untimely death of the club’s President, Louis J. Caponi.
1.Discussion of replacement for President Caponi due to his death: Immediate Past President DeVito led a discussion of this topic, citing the LCCA Constitution, Article IV, Section 2, paragraph a, by which the Immediate Past President is to assume the office of President for the unexpired term in the event of a vacancy in the office of President. The approval of the Board of Directors is required. After due discussion, it was moved and seconded that Immediate Past President, Dennis DeVito relinquish his position as IPP and assume the remainder of the two year term of President, Caponi. Mr. DeVito will retain his vote on the Board of Directors as President. The question was immediately called and there being no further discussion a vote was taken with the following results:
In favor of the motion:
President-elect, Al Kolis
Director, Harry Overtoom
Director, Johnny Ourso
Director, Bill Schmeelk
Immediate Past President, Dennis DeVito
There were no dissenting votes. Director, Roger Farkash had not yet joined the meeting.
President, Dennis DeVito thanked the Board of Directors for their continued confidence in his leadership and assured them of his commitment to move the LCCA forward in the coming two years.
2.With the change in the status of President, Dennis DeVito the office of Immediate Past President was now vacant. President, Dennis DeVito has asked Director, Harry Overtoom to assume the office of Immediate Past President. After a thorough discussion of this topic, it was duly moved and seconded that Director, Overtoom assume the office of Immediate Past President for the remainder of the two year term, concurrently relinquishing his office as Director. Mr. Overtoom will retain his vote on the Board of directors as Immediate Past President. The question was immediately called and there being no further discussion a vote was taken with the following results:
In favor of the motion:
President-elect, Al Kolis
Director, Bill Schmeelk
Director, Harry Overtoom
Director, Johnny Ourso
There were no dissenting votes. Director, Roger Farkash had not yet joined the meeting. President, Dennis DeVito did not vote.
3. As indicated by the Constitution of the LCCA, the Board of Directors is to consist of seven members, including four duly elected Directors. With the change in status of former Director, Harry Overtoom who relinquished his position as Director to fill the office of Immediate Past- president, the Constitution, at Article V, section 4, indicates the President may appoint, with the approval of the Board of Directors, a qualified member to fill the unexpired term of a vacancy in the office of Director. Accordingly, President DeVito has decided to Appoint David Hoverstock to the remainder of the term of former Director, Harry Overtoom who has assumed the office of IPP. The remaining term for this position will be one year. President DeVito indicated he based his decision for this appointment on the fact Mr. Hoverstock had been a close runner-up in the most recent election for director positions, placing third. Additionally, Mr. Hoverstock and his wife have been active volunteers for the LCCA, most recently at the Chattanooga convention. After a brief discussion, it was moved and seconded the Board of Directors accept the recommendation of President DeVito to appoint David Hoverstock to the remaining one year term of former Director now IPP, Harry Overtoom. The question was immediately called and there being no further discussion a vote was taken with the following results:
In favor of the motion:
President-elect: Al Kolis
Immediate Past-president, Harry Overtoom
Director, Roger Farkash (Mr. Farkash had joined the meeting at the start of the discussion of item #3 above).
Director, Johnny Ourso
Director, Bill Schmeelk
There were no dissenting votes. President, Dennis DeVito did not vote.
President, Dennis DeVito took a few moments to thank the Board of Directors for their time and efforts to see the LCCA’s Board and Officer positions are properly filled by highly qualified individuals for the next two years, thus enabling the club to continue growing and moving forward with its numerous plans and programs. Several members of the Board and the Secretary took a few moments to indicate their support for President DeVito and the entire officer corps and Board. Each speaker noted their continued pleasure in working with such a dedicated and cohesive group which clearly has the best interests of the club and its members in mind.
There being no further discussion, a motion was made and seconded the meeting be adjourned. The motion passed on a voice vote with no dissent. Accordingly the meeting was adjourned by President, Dennis DeVito promptly at 3:33 PM, EDT.
Respectfully submitted,
Harry G. Hampson, Secretary, LCCA
