Re: Academy Board Reacts to Delaware Change
Morris Gallo
Description
Collection
Title:
Re: Academy Board Reacts to Delaware Change
Creator:
Morris Gallo
Date:
7/30/1999
Text:
Mr. Schumann
I am still confused and nit picking.
The recent announcements on the Delaware law change states there is not a mention
in the bylaws as to the number of votes needed to achieve consolidation so we
must abide by the new Delaware amendment which requires a plurality.
Academy bylaws currently require a two-thirds vote to amend or repeal the bylaws,
(Article XX). Is it not necessary to amend the bylaws to dissolve the Academy?
If this is not the case, can you please explain the method under which the
Academy is to be dissolved.
Thank you
Morris Gallo, CPO
<Email Address Redacted> wrote:
> SPECIAL ANNOUNCEMENT FROM THE ACADEMY:
>
> July 30, 1999
>
> Dear Academy Member:
>
> As you may have heard, there has been a change in the process for determining
> your consent to consolidation. Delaware has amended its state corporation
> laws from requiring that two-thirds of the eligible members affirm their
> consent on the organization's consolidation to a simple majority. (We
> emailed notice of this change on July 27 to Academy members for whom we have
> email addresses, and faxed or mailed to the rest.)
>
> The Board of Directors was concerned with how this midstream change might be
> perceived by members. Some may view it as having an impact on the issue.
> Others may not. If you have already completed and returned your response
> form and now wish to change your decision, a second response form is being
> mailed to you. Since the accounting firm that is recording your response is
> checking each form against a master list of members, no responses will be
> counted twice. That is, this form will replace your initial response. If you
> have already returned your form and do not wish to change your decision,
> disregard this notice.
>
> As we have said all along, this issue is too big to be decided simply by an
> involved few. The membership should make the decision as to whether it will
> be better served by one consolidated organization or the separate entities
> that now exist. Please read the material that was sent to you earlier and
> make your decision before August 20.
>
> Sincerely,
>
> William W. Schumann, CPO
> President
>
> P.S. Despite being sent by certified mail, we've heard from a small number
> of members who did not receive the original packet of information (dated July
> 9). If you did not receive it, please call the Academy immediately
> (703-836-7118).
I am still confused and nit picking.
The recent announcements on the Delaware law change states there is not a mention
in the bylaws as to the number of votes needed to achieve consolidation so we
must abide by the new Delaware amendment which requires a plurality.
Academy bylaws currently require a two-thirds vote to amend or repeal the bylaws,
(Article XX). Is it not necessary to amend the bylaws to dissolve the Academy?
If this is not the case, can you please explain the method under which the
Academy is to be dissolved.
Thank you
Morris Gallo, CPO
<Email Address Redacted> wrote:
> SPECIAL ANNOUNCEMENT FROM THE ACADEMY:
>
> July 30, 1999
>
> Dear Academy Member:
>
> As you may have heard, there has been a change in the process for determining
> your consent to consolidation. Delaware has amended its state corporation
> laws from requiring that two-thirds of the eligible members affirm their
> consent on the organization's consolidation to a simple majority. (We
> emailed notice of this change on July 27 to Academy members for whom we have
> email addresses, and faxed or mailed to the rest.)
>
> The Board of Directors was concerned with how this midstream change might be
> perceived by members. Some may view it as having an impact on the issue.
> Others may not. If you have already completed and returned your response
> form and now wish to change your decision, a second response form is being
> mailed to you. Since the accounting firm that is recording your response is
> checking each form against a master list of members, no responses will be
> counted twice. That is, this form will replace your initial response. If you
> have already returned your form and do not wish to change your decision,
> disregard this notice.
>
> As we have said all along, this issue is too big to be decided simply by an
> involved few. The membership should make the decision as to whether it will
> be better served by one consolidated organization or the separate entities
> that now exist. Please read the material that was sent to you earlier and
> make your decision before August 20.
>
> Sincerely,
>
> William W. Schumann, CPO
> President
>
> P.S. Despite being sent by certified mail, we've heard from a small number
> of members who did not receive the original packet of information (dated July
> 9). If you did not receive it, please call the Academy immediately
> (703-836-7118).
Citation
Morris Gallo, “Re: Academy Board Reacts to Delaware Change,” Digital Resource Foundation for Orthotics and Prosthetics, accessed November 2, 2024, https://library.drfop.org/items/show/211963.
