Annual Meeting Registration:
Due to the COVID-19 pandemic, the Annual Meeting format was changed to a virtual business meeting with only directors present telephonically and President/CEO Steve Seibert and Administrative Assistant Lisa Hinton present in person at the cooperative office.
Members registered for the 2020 Annual Meeting and cast votes for the director election either by mail or by dropping off their registration/ballot at the office of the cooperative. Registrations/ballots needed to be received by noon on April 21.
Call of Meeting to Order:
Chairman Jeff Vogel called the virtual 2020 Southern Indiana Power Annual Meeting to order. The meeting was conducted by the board of directors, the cooperative attorney and the president/CEO.
Reading of Notice of Meeting and Proof Mailing:
Attorney Chris Goffinet reported a quorum was met, with 1,149 members registered. Enough members were registered to legally conduct any and all business that might be brought before the meeting.
Approval of 2019 Annual Meeting Minutes:
Chairman Vogel advised the 2019 annual meeting minutes were distributed to directors. There being no additions or corrections, Chairman Vogel asked for a motion to approve the 2019 Annual Meeting minutes. A motion was properly made by Director K. Waninger, seconded and carried by the board that the minutes of the 2019 Annual Meeting be approved as presented.
Election of Directors:
Chairman Vogel called upon Attorney Chris Goffinet for Director election results. He stated District #3 incumbent Gary Waninger filed for re-election with no opposition and District #4 incumbent Dirk Stein filed for re-election with no opposition.
Attorney Goffinet proposed the candidates be elected by acclamation. A motion was properly made by Director Lynch, seconded and carried by the board that Gary Waninger and Dirk Stein be elected by acclimation for a three-year term.
Financial Report:
The financial report was presented by President/CEO Steve Seibert. The 2019 cooperative financials will be made available to all members on the website and published in the Indiana Connection magazine. A motion was properly made, seconded and carried by the board that the financial report be approved as presented.
CEO Report:
CEO Seibert’s annual report will be made available to all members on the website and published in the Indiana Connection magazine.
Adjournment:
There being no further business, Chairman Vogel asked for a motion to adjourn the meeting. A motion was properly made by Director G. Waninger, seconded and carried by the board that the meeting be closed. The meeting was adjourned by Chairman Vogel at 7:20 p.m.