2019 Election Results and AGM

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Members turned out for a very informative Annual General Meeting on September 18.

Election Results

Nearly 200 members completed ballots for the Board of Directors. Maggie Jones and Ina Pockrass were re-elected, and the Co-op welcomes new Directors Alex Metcalf and Am Naqvi. Employee Director Sarah Connolly completed her term and lost her re-election bid to Jenn Reid. Employees elect directors to participate on the Board with the full rights and responsibilities as other board members for 2-year terms. It’s with tremendous gratitude that we bid farewell to Sarah as well as outgoing Directors Alexandra Forsythe and Abra Brynne.

Download the 2019 Annual Report

Presentations

Abra Brynne gave a moving recollection of her time, starting in 1991 as a cashier. Abra served as Board recorder from 2002 to 2004, and was a board member for 13 of the next 15 years. Abra served as our President for 9 of those years. Some of Abra’s remarks are captured in her President’s Message in the Annual Report. Abra received a standing ovation in thanks for her long service to our Co-op.

Ari Derfel shared a powerful message about Co-op co-ownership. His remarks are printed in the Annual Report.

John Kingsmill gave the Treasurer’s Report. The Co-op had a very successful year that allowed us to put aside  money for debt repayment and capital improvements. There will not be a patronage return this year. The membership appointed Grant-Thornton as our Auditor. Members who wish to review the audited financial statements for 2018-2019 may contact Finance Manager Sean Silverson to arrange an appointment.

Resolution regarding employee profit share

Members supported a recommended resolution from the Board to suspend the employee profit share and offer an employee bonus instead. The profit share rule requires a fixed percentage of “profit” and requires a vote of the Membership to suspend the distribution. In light of the Co-op’s goal of reducing debt, Management and the Board felt it was prudent to suspend the required distribution and offer a bonus instead. After a brief discussion, the resolution passed.