Nelson Smith, Chairman
Annual Meeting
Streamed Live from The Midland Theatre This year’s annual meeting of members streamed live from The Midland Theatre on June 29th at 4pm. The cooperative partnered with The Midland Theatre to produce the event and record it for future viewing. Chairman Nelson Smith opened the business meeting. He introduced cooperative Directors before giving his chairman’s report. Smith shared news that our cooperative has finally achieved its long-term goal of 20% equity. This achievement allows the Board to begin developing a formula to return capital credits. Smith also discussed the Board’s desire to bring broadband to members in need. A full broadband deployment would cost $90 million. At this time, the Board determined this is not a viable project without government grants. The cooperative took part in an FCC funding auction with hopes of starting this project. Unfortunately, those efforts were not successful. The Board has not given up and will continue to pursue all grants and funding to bring broadband to our members.
John Klauder Secretary/ Treasurer
Jack Schmidt, Director
John Klauder, Secretary/Treasurer, shared the treasurer’s report highlighting the cooperative’s financial performance in 2020. Members can read the full report on page 12. President & CEO, Todd Ware, gave a detailed update on the cooperative. Highlights from the CEO’s report are on pg. 3. Ware concluded his remarks by thanking cooperative employees, Directors, and members for their support throughout the year. The Board’s attorney, Joe Boeckman, announced the results of the Director elections. Boeckman is a Partner in the BakerHostetler law firm.
Todd Ware, President & CEO
The results of the 2021 election are District 2, Nelson Smith; District 5, Wayne Zollars; and District 9, Tom Graham. The evening concluded with a concert featuring country singer, Tim Oliver. Oliver released his debut country single Too Young in the summer of 2020. Members can learn more about Tim Oliver on his website, thetimoliver.com.
Members can watch the recorded meeting and full concert from myenergycoop.com/livestream. 5
Tim Oliver
