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John Lynch
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Ford Lincoln Mercury DD Alumni AssociationMinutes of the Annual Membership MeetingThe Ritz Carlton Golf Resort Naples, FloridaOctober 23, 2007The meeting was opened by President George Doetsch at 8:00 AM. Executive Secretary, John Lynch advised the Membership that the Board of Directors was recommending the following changes to the Board for the year 2008: NEW BOARD MEMBERS: Tarik
Dauod, Al Long Ford, Inc. Irving
Matthews, Prestige Ford, Inc.
EXTENDED BOARD TERM: Gus Palmar---Extend an additional year
OFFICER RECOMMENDATIONS: President Gus Palmar Vice President Al Meyer Vice President Mickey Bowers Secretary-Treasurer Mike Collins The members present unanimously approved and ratified all of the above recommendations. President George Doetsch welcomed the new Board Members. He then introduced Gus Palmar as the new President. Mr. Doetsch addressed the membership, thanking them for reelecting him President in 2007 and giving him the opportunity to lead the organization and preside over the 2007 meeting. Mr. Doetsch also thanked outgoing Directors Larry Stovesand and Bob Remy for their service as a member of the Board. The Executive Secretary, John Lynch, reviewed the financial condition of the Association as of September 30, 2007, and the financial forecast as of year end 2007. Lynch advised that to date paid membership was 128, and meeting attendance was 101 Dealers. Whereas meeting attendance had dramatically increased, paid membership dues only increased marginally versus 2006. Based on increases in Association operating costs over the last several years it was determined that the Association could not adequately cover its expenses based on the current annual membership dues of $300. The membership was advised that at the Board Meeting on Sunday, October 21st the Board has voted to increase the annual dues to $400 for active dealers and $200 for retired dealers effective January 1, 2008. The membership requested that they be able to vote to ratify the increase. Although not required by the By-Laws of the Association the membership was allowed to do so and unanimously ratified the increase. Lynch indicated that total Sponsor Income had increased by $27,000 with the addition of six new sponsors One View, Inc., UHY, Inc., ADP, Inc., Arkona, Inc., Shutts & Bowen, LLP and Employee Relations, Inc., however the Association had lost two sponsors Reynolds & Reynolds and Entrix. In addition J. Walter Thompson and Young & Rubicam had combined their sponsorship contributions resulting in a decrease of $10,000 versus 2006. He advised the Board will continue to seek additional new sponsors in 2008. There being no further business to discuss, the meeting was adjourned at 8:25 AM. Respectfully submitted, John J. Lynch, Executive Secretary
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