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ATTACH_HENT "C" <br />MINUTES OF THE B0.1RD OF DIRECTORS OF <br />KAISER VENTURES NC. <br />Apri17, 1995 <br />Puge 3 <br />Report of Ad Hoc Nominating Committee and Executive Session re Board Nonunees and <br />Expansion aFtbe Board <br />At approximately 920 a.m., all indi~~duals not directors of the Corporation were excused from <br />the meeting. The Board went into executive session and discussed the Ad Hoc Nominating <br />Committee's (the Human Relations Committee) recommendation with regard to nominees to serve on <br />the Corporations Board of Directors for the ensuing year (June 30, 1998 until next annual meeting). It <br />was the Committee's recommendation that the cuiTent directors be nominated to again serve on the <br />Board of Directors and that air additional individual, Gary Gibbons; also be a nominee to the <br />Corporatio~i s Board of Directors. This would have the effect of increasing the size of the Boyd to <br />eleven individuals. There was a discussion concerning Mr. Gibbons sewing on the Board of Directors <br />since he is the investment advisor of VEBA. There was also a brief discussion concerning the <br />exceptions to the age 72 mandatory retirement policy. After this discussion, with the Conunittee.'s <br />recommendation serving as the motion acid seconded by ~1r. Morgan the following resolutions were <br />unanimously adopted by the Board: <br />RESOLVED, that the following individuals be nominated to serve on the <br />Corporations Board of Directors with the vote on such nominees to be held at the <br />June 30, 1998 annual stockholders' meeting: <br />Ronald E. Bitonti <br />Todd G. Cole <br />Gerald A. Fawcett <br />Gary E. Gibbons <br />Rennold C. MacDonald <br />William J. Morgan <br />Charles E. Packard <br />Lyle B. Stevenson <br />Thomas S. Rabone <br />Richard E. Stoddard <br />Marshall F. Wallach; and it is <br />RESOLVED FURTHER, that for the 1998-1999 term of sewice (the period from the <br />1998 azmual stockholders' meeting to the 1999 vmual stockholders' meeting) the two <br />exceptions to the age 72 mandatory retirement policy, assuming they are elected at the <br /><unmal stockholders' meeting, shall he Messrs. Cole and MacDonald; and it is <br />RESOLVED FURTHER, that appropriate information on these nominees be <br />included in the Corporations Proxy Statement for the 1998 stockholders' meeting. <br />i,~a~s M; ~~,,,~r. r-.a,K <br />