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DEMA BYLAWS AMENDMENT PASSES
Results from the election to amend the DEMA Bylaws which concluded on Friday, July 16, 2010 have been provided to DEMA by the CPA firm of Gray, Proctor and McMannis, which independently received and counted the ballots of current voting DEMA Members. The amendment to the Bylaws has passed by a vote of current DEMA Members and will go into effect with the next Board election. The Bylaws will contain the following amended verbiage:
ARTICLE XIV. BOARD OF DIRECTORS Section 5. Term. Except as otherwise provided in Section 1 of this Article XIV, Directors shall be elected to office for three-year terms, may be re-elected to serve no more than one (1) consecutive full three-year term and no more than seven (7) consecutive years in office, and may be re-elected to office following a minimum continuous break in service of one (1) year. The terms of the elected Directors begin, they shall be installed, and their terms end at the commencement of the first meeting of the Board of Directors after the annual election of Directors, which meeting shall be held within the first calendar quarter following each such election. As with all DEMA elections, the Bylaws amendment election carries the following requirements:
- Members must be current as of the stated Date of Record for the election
- A quorum consisting of 1/3 of the total voting power of the DEMA membership must participate in the election
- A majority of the quorum is required to effect the proposed change.
DEMA members may access the report and vote count from Gray, Proctor and McMannis by clicking here.
Thank you to all 2010 DEMA Members taking the time to participate in this bylaws amendment vote. We appreciate your participation. |