Minutes

2017 – 2018 US Chess Trust Motions

The first ten motions of the US Chess Trust for 2017-2018 were made and voted at the Trust’s Annual Meeting in Norfolk, VA, on August 03, 2017.

Trustees present in personwere Stuart Chagrin, Myron Lieberman, Beatriz Marinello, Sunil Weeramantry, and Harold Winston. Managing Director Al Lawrence was also present in person. Trustees present by telephone were Steve Doyle, Leroy Dubeck, Jim Eade, Tim Redman, and Rex Sinquefield. Norm Saba and Shane Samole were unable to attend in person or by telephone.

Harold Winston explained that Dr. Norman Saba was not able to participate because of his mother’s recent death. Harold Winston then moved that the Trust offer Dr. Saba its condolences. The motion passed by voice vote with no opposition heard.

CT 17-01 (Winston) – The Trust offers a vote of condolences to Norm Saba on the death of his mother. PASSED

After Treasurer Leroy Dubeck presented and explained the audited financial report Harold Winston moved to congratulate Treasurer Leroy Dubeck. The motion passed by voice vote with no opposition heard.

CT 17-02 (Winston) – Move to congratulate Treasurer Leroy Dubeck on a successful financial year. PASSED

Leroy Dubeck pointed out that a resolution was needed to establish a separate fund (to manage donations and expenditures for the Dewain Barber Tournament of K-8 Champiomns) and identify its signatories. Harold Winston made the motion, which passed by voice vote with no opposition heard.

CT 17-03 (Winston) – Al Lawrence, Harold Winston and Leroy Dubeck are signers for the Dewain Barber Tournament of K-8 Champions Fund. PASSED (Please Note: $42,000 goes into that account. All three signatures are required to make changes to the account.).

Leroy Dubeck moved the revision of signatories on the Denker Family Fund. The motion passed by voice vote with no opposition heard.

CT 17-04 (Dubeck) Harold Winston replaces Jaye Denker and Al Lawrence replaces Barbara DeMaro as signatories on the Denker Tournament of High School Champions Fund. PASSED (Please Note: Leroy Dubeck remains a signatory. All three signatures are required to make changes to the account.)

After Treasurer Leroy Dubeck presented and explained the proposed budget Harold Winston thanked Leroy Dubeck and moved adoption of the budget. The motion passed by voice vote with no opposition heard.

CT 17-05 (Winston) – Move to adopt the budget that our Treasurer has prepared for us. PASSED

Harold Winston pointed out that Sunil Weeramantry’s term of five years as Vice President for Scholastic Chess will be expiring and moved his re-election. The motion passed by voice vote with no opposition heard.

CT 17-06 (Harold Winston, seconded by Leroy Dubeck) – Move to re-elect Sunil Weeramantry as our Scholastic Trustee (Vice President for Scholastic Chess). PASSED

Harold Winston also pointed out that three Trustees (Leroy Dubeck, Jim Eade and himself) have served their ten year terms. He abstained but requested a motion for their re-election. Nearly everyone other than the three who were affected responded to move the motion which passed by voice vote with no opposition heard.

CT 17-07 (Board of Trustees) – Harold Winston, Leroy Dubeck and Jim Eade are re-elected as Trustees. PASSED

Harold Winston noted that we have had a position of Assistant Secretary, which enables the Managing Director to be covered by our D&O insurance. Barbara DeMaro has held this position in the past. Harold Winston moved to elect Al Lawrence to fill that position at this time. It passed by voice vote with no opposition heard.

CT 17-08 (Winston) – Move to elect Al Lawrence as Assistant Secretary to make sure he is covered under the D&O. PASSED

Harold Winston asked for a motion to re-elect all of the current officers. The motion passed by voice vote with no opposition heard.

CT 17-09 (Doyle, with several seconds) – Move that the current slate of officers be re-elected. PASSED

Harold Winston moved to adjourn the meeting.

CT 17-10: I Move to adjourn. PASSED

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The following motions were made, discussed and voted through e-mail. All motions voted between the 2017 and 2018 annual meetings will be documented here. Revised versions of this document will be provided as needed throughout the year.

Harold Winston mentioned in an e-mail on August 08, 2017, that Dewain Barber had requested that Sunil Weeramantry (the VP for Scholastic Chess) be a signator on both the Denker Family and Barber Funds (See Motions CT17-03, 04). He polled the Trustees by e-mail on October 9, 2017, regarding three possible resolutions. All were sponsored by Harold Winston, Jim Eade and Leroy Dubeck and were in response to Dewain Barber’s request. The vote was completed on October 29, 2017. Motion CT17-11 passed 10-0 with no vote received from Tim Redman or Dr. Norman Saba. Motions CT17-12 and 13 each passed with the involved individuals abstaining.

CT17-11: Resolved that Chess Trust Oberweis accounts shall have 3 signatures with any 2 signatures sufficient to withdraw funds or sign checks. PASSED 10-0.

CT17-12: Resolved that the Denker account signatures will be Harold Winston, Leroy Dubeck, and Sunil Weeramantry. PASSED 7-0-3 with Harold Winston, Leroy Dubeck and Sunil Weeramantry abstaining.

CT17-13: Resolved that the Barber account signatures will be Harold Winston, Leroy Dubeck, and Sunil Weeramantry. PASSED 7-0-3 with Harold Winston, Leroy Dubeck and Sunil Weeramantry abstaining.

Secretary Myron Lieberman moved by e-mail to approve the minutes of the 2017 Chess Trust Annual Meeting (which were attached to the message) on October 15, 2017. Voting was completed on October 29, 2017. Dr. Norman Saba could not attend the meeting.

CT17-14: The minutes of the 2017 US Chess Trust meeting as documented in the attached file are hereby adopted. PASSED 9-0 with votes not received from Tim Redman or Rex Sinquefield.

Secretary Myron Lieberman moved approval of the motions file, updated through October 29, 2017.

Please note that an updated draft is being submitted for approval on June 14, 2018 (See CT17-19).

Harold Winston, Leroy Dubeck and Jim Eade proposed a draft for a new agreement with US Chess by e-mail on November 8, 2017. Discussion and additional negotiations continued and a revised draft was proposed at a later date (See CT17-17).

The Trust was polled in a closed e-mail vote to elect Alexander Onischuk and Bill Goichberg to the US Chess Hall of Fame. Separate votes were taken for each candidate. The vote was closed because the Hall of Fame did not want to make the names of the inductees public until later. The results were announced by Harold Winston on November 29, 2017.

CT17-15A: Elect Alexander Onischuk into the US Chess Hall of Fame. PASSED 10-0 with no vote received from Leroy Dubeck or Tim Redman.

CT17-15B: Elect Bill Goichberg into the US Chess Hall of Fame. PASSED 7-3 with Steve Doyle, Jim Eade and Beatriz Marinello opposed and no votes received from Leroy Dubeck or Tim Redman.

The Trust received an anonymous $5000 donation to be used for women’s chess. Harold Winston discussed this with Beatriz Marinello, the Women’s Chess Committee and the donor. The Women’s Chess Committee met on a Skype conference call. The chair and others present on the call endorsed its use for regional women’s events. The Southeastern Regional All Girls, the Western States Regional Women and Girls, and the Mid Atlantic Regional All Girls tournaments were discussed in particular. Harold Winston moved the allocation of these funds by e-mail on January 17, 2018. Beatriz Marinello and Leroy Dubeck cosponsored the motion. Voting was completed on January 25.

CT17-16: Allocate the $5000 donation to the Chess Trust for Women’s Chess as follows: Donate $1000 each to the Southeastern Regional All Girls, the Western States Regional Women and Girls, and the Mid Atlantic Regional All Girls, reserving $2000 for other women’s regionals if held. Recipients of these donations will report to the Trust on how the funds were spent. PASSED 10-0 with no vote received from Norman Saba or Tim Redman.

Consideration of the revised agreement between the Trust and US Chess was resumed after extensive additional negotiations. Thanks to Al Lawrence, Harold Winston, Jim Eade, Leroy Dubeck, the US Chess negotiators and everyone involved in negotiating an agreement that should benefit chess and both the Trust and US Chess. Harold Winston and Jim Eade moved by e-mail on March 8, 2018, ratification of the new agreement. The vote was completed on March 18. Please note: US Chess has also ratified the agreement.

CT17-17: Resolved, the US Chess Trust ratifies the proposed agreement with US Chess. PASSED 10-0 with no votes received from Norman Saba or Shane Samole.

Harold Winston noted that Beatriz Marinello will be organizing the World Junior Championship For The Disabled again in July or August of 2018 in New Jersey. The Trust received great publicity for its contribution to the inaugural event last year. Trustees Leroy Dubeck, Jim Eade, and Tim Redman have each pledged $1,000 toward a requested $10,000 donation for this summer’s event. Harold Winston, Leroy Dubeck and Jim Eade moved the donation by e-mail on April 2, 2018. Voting was completed on April 14, 2018.

CT17-18: Resolved, the US Chess Trust donate $10,000 to the 2018 World Junior Chess Championship for the Disabled plus any specific donations for this event in addition to those from Dubeck, Eade, and Redman. PASSED 9-0 with no vote received from Beatriz Marinello, Tim Redman or Sunil Weeramantry.

Secretary Myron Lieberman has updated the 2017-2018 US Chess Trust motions file to include all motions voted through the end of May, 2018 (this document). He moved their approval by e-mail on June 25, 2018. The vote was completed on July 1, 2018

CT17-19: The Trustees approve the latest update of the 2017-18 US Chess Trust Motions file, which is attached. PASSED 8-0 with no vote received from Tim Redman, Norman Saba, Shane Samole or Sunil Weeramantry.

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