Friday, April 25, 2025

A Co-Op shareholder meeting - I couldn't wait for it to end.

 


Well, this was another day that I couldn't spend any time as Marian.  By now, the look on my face probably mirrors the look on the picture above.  OK, it's not that weird, but I feel that way after the weekend I've had.

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Around 3:30 pm, I finally got around to doing 2 loads of laundry while I got showered and dressed for the 6 pm board meeting.  By 5:30, I was out the door and off to the shareholder meeting.  We have had a problem for the past several shareholder meetings - not enough people attending for us to have a quorum. And this year wouldn't be different.

At 7:45, our attorney called the meeting to order.  He noted that we didn't have a quorum, and that the old board would continue for another term.  And then, the "fun" began.  Due to financial problems we encountered last year and that we are working to resolve, we have a shortfall for which we will need to make an assessment of all shareholders to cover this shortage.  Understandably, people were upset.  They were even more upset that our bank hasn't been able to give us final totals for us to work with.  So, we are going with our attorney's estimate for what we will need to pay, and we then gave an estimate of what we expect to ding our shareholders to make things whole again.

The meeting ended at 8:30, and I was able to make it to the diner for a chef salad before they closed for the evening.  It was nice to go there again, as it is a place I only go when presenting as Mario.  Yes, I ended up eating too much today, but I'll watch my diet tomorrow.

 

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