Vote Today for Well-Qualified, Responsible Candidates

The candidates listed below offer shareholders a set of skills and a level of professionalism that are necessary to managing the business of our co-op.

The undersigned respectfully recommend a vote for the following candidates on June 11, 2014:

#4 Michael Tumminia

Michael has a proven track record of effective leadership. While acting as the president and treasurer of the co-op, the Board turned broom closets into a community room and created a modern, safe, legal (i.e. up to code) playroom; they expanded our leasable commercial spaces; they transformed a padlocked vacant-for-50-years dumping ground into the Hester Street Fair; they balanced our budget, brought us into compliance with Local Law 11, improved our grounds, brought Hertz 24/7 to our property, built a functional interactive website, settled long-running lawsuits that were costing us millions to litigate with no end in sight; and more. And, under Michael’s leadership, we were kept in the loop with regular boardroom reports and shareholder meetings. Michael has his detractors, but without him, we would not have exploited the numerous revenue generating and quality of life enhancing amenities that we all enjoy today. Importantly, Michael has much more to offer if we vote him back on the board.

#7 Darcey Gerstein

Darcey is a professional writer, copywriter, and editor who has worked in financial and corporate communications. She knows how to translate balance sheets and budgets into clear and accurate language that even those without finance backgrounds can understand.  She will make an amazing secretary–a position the board has unsuccessfully filled for years and that is desperately needed.  Communication is a skill that is simply lacking here and the ~3,330 residents here deserve better.  Darcey’s enthusiasm and creativity will also be a welcome addition to the boardroom.

#8 Gillian Lusins

Gillian is a highly educated attorney with decades of experience working in large business organizations where efficiency is highly valued, decisions are made collectively based on the best expertise available, and clear communication is paramount. She will make a strong addition to the board’s capacity to analyze complex issues like Greenthal’s management contract and the dozen or so commercial leases that are all coming up for renewal over the next few years.  Furthermore, having an attorney on the Board to liaise with our outside counsel is extremely valuable and common throughout many corporate structures.

#9 Carol Bankerd

Carol has a long record of selfless community service and advocacy, from personally caring for the trees on our property (and off) to dealing with powerful real estate concerns on behalf of members of her past community in Cambridge, Mass.  Her experience and perspective will be enormously helpful to the board as Essex Crossing breaks ground across the street.  As a tenured educator at the university level, Carol is also one to take research very seriously.  We can all benefit from Board members looking to enhance their knowledge, rather than skirting issues or ignoring topics that simply require too much effort to fully understand.  Carol also brings much leadership experience resulting from her committee and council memberships throughout her 37 year professorship.

Please consider voting for these four candidates. Each brings valuable and complementary skills and professional experience to our boardroom.

Attention!

Last year shareholders voted overwhelmingly to remove Geordan Goldstein from the Board.

The final vote was 438-210

When you vote tomorrow, please keep this in mind.

Most importantly, please read the candidate statements and vote TOMORROW- Wednesday, June 11th 7 am to 7 pm in the lobbies.

Remember, you can vote online right now. Check your Election-America Proxy package for instructions.

Your neighbors–Linda Jones, Brett Leitner, Micah Arbisser

Vacancy Filled and Officers Elected

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:

    • President: Kate Nammacher
    • First Vice President: Dia Shepardson
    • Second Vice President: Gus Medina
    • Treasurer: Marc Albaum
    • Assistant Treasurer: David Pass
    • Secretary: John Ryan
  • Assistant Secretary: Carlos Rosado

The Removal Referendum

The board announced last week that this year’s annual meeting ballot will include a referendum on whether director Geordan Goldstein should be removed.

We reached out to Micah Arbisser, a shareholder who is an attorney and who offered some insight into the legality of this move on SPComm.  Micah shared a few points, noting that these comments are for informational and discussion purposes only and do not constitute legal advice:

  • Under New York State law, the board has the right to propose actions to the shareholders so long as notice requirements are met, and the shareholders of a corporation have the right to remove directors for “cause.”
  • Under our by-laws, the vote of a majority of those participating in the applicable meeting is required for the shareholders to take an action.  For example, if 800 shareholders participate in the election, 401 “yes” votes will be required for the removal to be effective.  Abstaining from the removal referendum vote is the same as voting “no.”

New Gazette

Director Eric Mandelbaum has issued another Gazette. Like the last one, this one seems to have had a pretty limited distribution. In another highly unscientific poll, more than half of the handful of shareholders contacted by the Spark had not seen a hard copy. But unlike the last one, this one is very, very long, and directly addresses this year’s election, endorsing candidates Finston, Ramirez and Riga and attacking past directors.

Official Candidate List and First Statements

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):

Election 2013: Unofficial Candidate List

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.

  • Marc Albaum
  • Susan Drosdofsky
  • Debbie Finston
  • David Pass
  • Norma Ramirez (incumbent)
  • Ray Riga
  • Dia Shepardson
  • Hariette Skidelsky

There are a few familiar names, and a few new names.  We look forward to learning more from the candidates in the coming weeks.