ABI Annual Shareholder Meeting

Fri, January 17, 2020 8:00 AM | Anonymous member (Administrator)

NOTE: This post is a copy of the text of an email notification sent to all email addresses that ABI has on record for Arden Property Owners and Residents:

Dear Arden Beaches Inc Shareholders and residents,

Our Arden Beaches Inc (ABI) annual shareholders meeting will start promptly at 7:00 pm on Monday, January 27th, 2020 at Arden Town Hall on Omar Drive. Doors will be open for registration and share purchasing at 6:30 pm. 

Our records indicate that you either live in Arden on the Severn or own shares in Arden Beaches Inc. A Shareholder has 1 vote for every 1 share owned. Residents may attend but may not cast a vote at this meeting; only Shareholders may vote. 

Shares are available for sale after the doors open and prior to voting at $50 per share (Check or Cash) at Town Hall. Or, you can purchase shares online before January 27th using the ABI Share Purchase Form. For reference, we maintain ABI Share Records on the website in the members-only Section.

In the event of adverse weather conditions, the following policy will be enacted: If Anne Arundel County schools are closed or dismissed early due to inclement weather, the shareholder's meeting will be rescheduled. If such an event occurs on January 27th, 2020, you will be notified of an alternate date through a posting on the community calendar on the Arden website. If needed, the alternate date will likely be Monday, February 3rd, 2020 at 7 pm.

Agenda items for the meeting are as follows:

  • State of the Corporation
  • Treasurer's Report
  • Capital Improvements Plan for 2020
  • Proposed Operating Budget for 2020
  • Reading of Proposed Bylaw Changes (none this year). The current ABI bylaws are posted on the Arden website. We recommend reviewing the current bylaws prior to the annual meeting.
  • Nomination of Board Members
  • Vote on 2020 Board members
  • Vote on 2020 Fiscal Budgets 

    Anyone interested in serving on the Board should contact your section representative to be placed on the ballot. You may also nominate yourself at the meeting.  

    If you are unable to attend the meeting, you may assign your vote(s) to another shareholder using the proxy form that is posted on the website

    The Board of Governors looks forward to seeing you at ABI's 2020 Annual Shareholder meeting. 

    Sincerely,    

    Board of Directors Arden Beaches Incorporated

     


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    ABI - Arden Beaches Inc. is a 501(c)(6) non-profit organization.

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