Congratulations to Wei-Li, James and Besty!
The final, certified vote tallies were:
#3 Wei-Li Tjong 461
#5 James Mastroianni 441
#8 Betsy Jacobson 424
#6 Leah Strock 397
#1 Arnold Sandler 360
#7 Tina Reiter 344
#2 Marc Albaum 151
ABSTAIN 3
Based on these numbers, at least 861 shareholders cast votes.
Thanks also go out to Marc Albaum, Dave Pass and Dia Shepardson for their service over the past three years.
This year eight candidates are vying for three open seats. The candidates are:
#1 – Arnold Sandler
#2 – Marc Albaum
#3 – Wei-Li Tjong
#4 – Eric Mandelbaum (sources tell us that Mr. Mandelbaum withdraw his candidacy on May 20)
#5 – James Mastroianni
#6 – Leah Strock
#7 – Tina Reiter
#8 – Betsy Jacobson
Marc is the sole incumbent. The other two seats are being vacated by Dave Pass and Dia Shepardson. Wei-Li and Eric both served on the board previously, but did not run for reelection when their most recent terms ended.
The election will be held on June 15.
The co-op’s financial statements for the fiscal year ending November 30, 2014, were distributed to shareholders recently. We have analyzed them and posed a number of questions to Management and the Board.
Shareholders can access the financial statements by logging into my.sewardparkcoop.com, clicking on “Official Documents” and “Corporate Financial Statements.” Or, after you have logged into my.sewardparkcoop.com, click here. Note that for 2014 the co-op used a different auditor than in recent years, so comparing the 2014 results with prior years is not an apples-to-apples comparison (as noted in some of the responses to our questions).
Because this website is public and our co-op’s financial information should not be public, we are not posting everything directly here, but we have posted our questions and the responses to SPComm, a Yahoo Group for shareholders of Seward Park. If you are a member of SPComm, you can use the following links to access the relevant posts:
Board Treasurer Marc Album also replied off-line to say that due to lack of interest in the last two financial meetings, he does not intend to host one this year.
We will edit this post with additional follow-ups as they come in.
This information remains preliminary and unofficial, but we have it on good authority that John Ryan has been selected by the board to fill the vacancy that resulted from Geordan Goldstein’s removal. John previously served on the board in 2011-2012 when he was selected to fill the vacancy resulting from BIll King’s resignation.
We also are told that the following new officers have been appointed:
Memos were circulated over the last week with the official candidate list, the order in which they will appear on the ballot, and their first candidate statements.
Following is the list (with links to their candidate statements on the password-protected SPC shareholder website):
Three seats are available in this year’s election for the Seward Park Cooperative Board of Directors. The extended deadline for submitting candidate packages was yesterday, and the Spark has learned that the following shareholders have entered the race.
There are a few familiar names, and a few new names. We look forward to learning more from the candidates in the coming weeks.