B o a r d o f D i r e c t o r s M e e t i n g M i n u t e s

Januar y 25, 2021 | Courtyard by Marriott, Pfluger ville

by Texas Dealer staff

Board Members in Attendance

Robert Beck, Mark Jones, Robert Blankenship, Brad Kalivoda and Juan Sabillón joined in person; Chad Lancaster, Greg Phea, Ryan Winkelmann, and Greg Reine joined via Zoom. TIADA Staff in Attendance: Jeff Martin, Earl Cooke, and Sheila Andrews joined in person; Teresa Orkun, Patty Huber, and Claudia Rojo joined via Zoom. At its meeting on Monday, January 25, 2021, TIADA took the following actions: President Robert Beck called the meeting to order at 1:03 PM

Minutes of Last Meeting

President-elect Mark Jones presented the minutes of the last Board of Directors Meeting. A motion was made to accept the minutes. Moved by Brad Kalivoda, seconded by Juan Sabillón — PASSED

Treasurer’s Report

Mark Jones presented the treasurer’s report on behalf of absent Treasurer Eddie Hale. A motion was made to accept the report. Moved by Brad Kalivoda, seconded by Robert Blankenship — PASSED

President’s Report

Attendees reported on their member outreach calls.

Executive Director’s Report

Executive Director Jeff Martin reported on staff changes at TIADA and gave a brief update on Conference. Director of Compliance and Business Development Earl Cooke provided a legislative update. Mark Jones presented a report on the new CPO program. Special Projects Manager Teresa Orkun presented a report on membership renewals and Auction App. Jeff Martin and staff updated the board on the association’s progress on the Five-Year Strategic Plan. Barrett Scott with DiMeo Schneider & Associates presented a proposal to serve as the association’s investment consulting firm. Director of Associate Member Relations Patty Huber presented a report on Associate member activity. Jeff Martin presented the FY21 budget on behalf of absent Treasurer Eddie Hale. A discussion took place regarding the Reserve Account.

Old Business

A motion was made to move $250,000 from the Operations Account to the Reserve Account. Moved by Juan Sabillón, seconded by Greg Phea -PASSED President Robert Beck appointed a Financial Investment Committee to review options to invest funds in the Reserve Account. Committee is formed by Chad Lancaster (chair), Mark Jones, Eddie Hale and Greg Phea. A motion was made to allow the Financial Investment Committee to direct TIADA staff on how the funds will be invested per the investment policy. Moved by Brad Kalivoda, seconded by Greg Phea — PASSED

New Business

A motion was made to accept Buckeye Dealership Consulting in the business partner program. Moved by Mark Jones, seconded by Juan Sabillón- PASSED A motion was made to adjourn the meeting. Moved by Greg Reine, seconded by Brad Kalivoda — PASSED Robert Beck adjourned the meeting at 5:30 PM.

Respectfully submitted, Ryan Winkelmann, Secretary

A c o m p l e t e c o p y o f a n y r e p o r t s r e f e r e n c e d i n t h i s d o c u m e n t a n d m o r e d e t a i l e d n o t e s f r o m t h e m e e t i n g a r e o n fi l e a t t h e T I A DA o f fi c e a n d a v a i l a b l e u p o n r e q u e s t .