Title
Resolution - Approval to Postpone the Election of Officers - A Stover
Other Info
Submitted By: Andrea Stover
Department: General Counsel
Financial Impact and Cost/Benefit Considerations: NA
Discussion
Pursuant to Article V, Section II of the Bylaws of Pedernales Electric Cooperative, Inc. (PEC), the officers of the PEC Board of Directors are elected at the first regular meeting of the Board of Directors, or first special meeting called for that purpose, after the Annual Meeting of the Members.
The Board of Directors, at their discretion, may determine additional time is needed to elect officers.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS that additional time is needed to hold an election for Board officers;
BE IT FURTHER RESOLVED BY THE BOARD OF DIRECTORS that the election of officers will be postponed until the Board's July 2025 Regular Meeting.