ChristinaR (Maryland)
Posts: 99
Posts: 99
Posted:
Forgive me if this has already been answered. I tried to do a search and read through many posts before deciding to post this question.
Our BOD has 5 Members. Each year a 3 year and a two 1 year terms are elected. This past September the President entered into year 2 of a 3 year term, the VP entered into year 2 of a 2 year term and the Sec/Tres. was re-elected at the expiration of her term. 2 at-large members were elected with a 1 year term and a 3 year term.
In January the Pres and VP resigned. One at-large member moved up to the Pres and one moved up to VP and 2 additional members entered the board by appointment.
Now to keep the terms staggering our documents clearly state that upon resignation of a director, his successor shall be selected by the remaining Board Members and shall serve for the unexpired term of his predecessor.
Does this mean that the at-large member with a 3 year term now has the term of the VP? And therefor would be up for re-election this year?
Does this also mean that the board should select which of the 2 new at-large members should be a 1 year and which should be the 3 year term?
Thanks!
Our BOD has 5 Members. Each year a 3 year and a two 1 year terms are elected. This past September the President entered into year 2 of a 3 year term, the VP entered into year 2 of a 2 year term and the Sec/Tres. was re-elected at the expiration of her term. 2 at-large members were elected with a 1 year term and a 3 year term.
In January the Pres and VP resigned. One at-large member moved up to the Pres and one moved up to VP and 2 additional members entered the board by appointment.
Now to keep the terms staggering our documents clearly state that upon resignation of a director, his successor shall be selected by the remaining Board Members and shall serve for the unexpired term of his predecessor.
Does this mean that the at-large member with a 3 year term now has the term of the VP? And therefor would be up for re-election this year?
Does this also mean that the board should select which of the 2 new at-large members should be a 1 year and which should be the 3 year term?
Thanks!