Board of Directors Meeting Summary Minutes April 21, 2014 | Aplastic Anemia and MDS International Foundation

Board of Directors Meeting Summary Minutes April 21, 2014

AAMDS International Foundation

Board of Directors Meeting Summary Minutes

April 21, 2014 7PM


Kevin Lyons-Tarr    William Shulevitz    Judy Paulette(absent)    
Harsha Murthy        Stephanie Hamm        Bart Fisher(absent)
Stephen King        Neil Horikoski
Tony Sanifilippo    Melanie Marquez
John Huber            
Deborah Cook        

Kevin Lyons-Tarr called the telephonic board meeting to order at approximately 7:05 PM EST.

A quorum of the Board was present with ten of twelve Board members present. Deborah Cook joined the call at or around 7:30 PM EST.

Also present on the call was Karen Roche, AAMDSIF contracted accountant of the Calibre CPA Group.

Review 2013 Audit

Kevin Lyons-Tarr reported he, John Huber and Karen Roche had a teleconference earlier in the day with the AAMDSIF auditors. The meeting was straight forward and went well. John Huber noted there is one correction that needs to be made to the draft financial statements dated as of December 31, 2013. On page 12, it states the building lease runs through 2017. This date needs to read 2016. There were no questions from members of the Board.

On the motion made, seconded and passed, the Board voted to adopt and accept the Auditor's report letter and the financial statements attached, subject to the correction noted above regarding the termination date of the Organization's lease.

Discussion Regarding the Possible Merger with another non-profit organization

Kevin Lyons-Tarr suggested the Board structure its discussion into two parts, first - should we continue on with discussion on governance and structure, and second, the name change.

Various Board members said it was important there be a clear understanding and agreement between the 2 organizations about the culture and operating principles that would govern any combined organization.  Board members were interested on how a merger would affect the focus on patients.

The consensus of the AAMDSIF’s Board was Kevin Lyons-Tarr and John Huber need to work with the Leadership Team from the other non-profit to create a “statement of principles” that would manifest the shared vision and goals of a combined organization. This statement can serve as the basis for a resolution which they and AAMDSIF’s Boards will respectively review and vote upon.

Q1 Financials & Programs

All seems to be in order. On the investment side, things are good even though the market is not as robust as last year. We moved into a stronger cash position totaling 25% last month given the all-time high of the market. The past 12 months have been good for us with about an 8% gain.

A motion to adjourn was made, seconded and passed.

Kevin Lyons-Tarr adjourned the telephonic meeting at approximately 8:35 PM EST.