RECORD OF MINUTES
The Annual Meeting of the Stockholders of FARM CREDIT OF SOUTHERN COLORADO, ACA was held on April 25, 2019 at the Farm Credit of Southern Colorado Administrative Office, at Colorado Springs, county of El Paso, state of Colorado, at 10:00 a.m. Pursuant to written notice by the President of Farm Credit of Southern Colorado, ACA, as dated April 1, 2019, the Annual Stockholder's Meeting convened at 10:00 a.m. Friday, April 25, 2019 at 10:00 a.m. Directors present: Mark Peterson, Chairman Jim Crowder Keith James Colin Durham
Kent Price, Vice Chairman Steve Betts Sid Yoder Jeff Uhland
Gary Pautler Paul Prentice Mike Livingston
Absent: John Negley The Board was in attendance along with CEO Jeremy Anderson, Consultant Stephanie Kaiser, Standards of Conduct Officer Andy Romanow, and Board Secretary Debbie Anderson. Chairman Peterson called the April 25, 2019 annual business meeting to order at 10:00 a.m. On a motion made by Director James and seconded by Director Durham, the minutes of the June 22, 2018 Annual Meeting Minutes were approved. Chairman Peterson introduced himself and welcomed additional attendees: Randy Malcom, Mike Shields, Ryan Britten, and Evan Hopkins, all candidates for the Board. They each introduced themselves and provided a brief background. Chairman Peterson turned the meeting over to CEO Anderson, who introduced additional members of management that were present: CRO Katrina Lange, VP-Marketing Joe Brown. CEO Anderson stated that copies of the 2018 Annual Report and Annual Meeting Information Statement were available. He proceeded to provide information about the corporate and financial operations for 2018, and the first quarter of 2019. In addition, he presented information on the patronage portfolio breakdown, key financial information, and key initiatives for 2019. The Report of the Nominating Committee was made by CEO Anderson. The determination of the nominees of the election of three stockholders to the Board of Directors was reported by CEO Anderson and each candidate was identified and asked if he/she was in attendance and wanted to make a statement. CEO Anderson turned the meeting back over to Chairman Peterson, who called for floor nominations three times. No such nominations were made. Chairman Peterson turned the meeting back over to CEO Anderson. The determination of the nominees for the election of five stockholders to the 2019 Nominating Committee was reported by CEO Anderson and each nominee was identified and asked if he/she was in attendance and wanted to make a statement. The meeting was turned back over to Chairman Peterson and he called for floor nominations three times. No such nominations were made. CEO Anderson then presented other election-related business, including information about the mail ballots, the timeline, and the general election and annual meeting process. June 27, 2019 is the next scheduled board meeting. Chairman Peterson provided closing remarks and asked if there was any other business.