by The fourth and final resolution of the day at the Meeting of Members was offered by Dan Cline. This resolution called out David Coy for his work as Vice-Chair of the Audit Committee. It offered several examples of what the author termed as failures and ultimately called for Mr. Coy to resign from the Board of Directors as a result of a vote of no confidence.
This resolution was defeated. Like with Resolution Two, it condemned past behavior and in my opinion the members attending wanted to move forward. While Mr. Coy remains on the Board of Directors, he was removed from the Audit Committee. Moreover, the Final Judgment in the New York trial specifies that no director who served on the Audit committee during the years 2014 through 2022 shall be elected to the Audit Committee.
Below is the resolution offered by Dan Cline:
I appreciate Dan for sending me a copy of his resolution when I requested it.
It’s important to have members stand up and offer resolutions, even if defeated, so the officers and board understand that we are watching them now.