ASSOCIATION OF MARINE UNDERWRITERS OF SAN FRANCISCO

MINUTES OF THE 120th ANNUAL MEETING
HELD ON TUESDAY, NOVEMBER 30, 2004
AT THE OFFICES OF ACE USA, SAN FRANCISCO, CA

120^th Annual Meeting was called to order by President Vogele at 10:10 AM.

Members Present: 

Review of 2002-2003 Annual Meetings Minutes from 12/02/2003 

The 2002-2003 minutes from Tuesday, December 2, 2003 were read by Secretary Golitzen.  A motion was made, seconded and carried to approve 2002-2003 Annual Meeting Minutes with one amendment--Dr. William Eisenhardt’s name will be corrected.  (As attached) 

Treasurer’s Report 

In Treasurer Nelson’s absence President Vogele delivered his 11/30/04 written report (as attached). 

The report advised that the AMU-SF is in healthy fiscal shape including the $5,000 CMA scholarship gift.  Also the financially responsible committee chairpersons and the return of educational classes were important factors to this financial strength.  

A motion was moved, seconded and carried to accept the Treasurer’s report. 

Committee Reports 

GOLF:  Ms. Creedon delivered a brief oral report on the 76th golf tournament (2005). 

There are currently reservations at Chardonnay in Napa for June 17, 2005.  Note it is not NASCAR weekend.  The committee is also looking at other options including Chabot, Monarch Bay and Hidden Brook. 

The board thanked Mr. Williams for his past effort and Ms. Creedon for the current tournament work. 

BANQUET:  Mr. Dugan delivered a brief oral report on the 119^th & 120^th annual banquets 

In 2003 there were 314 attendees.  As of this date, November 30, 2004, there are 295 reserved for the 2004 banquet. 

There is an issue of table reservations that needs to be addressed in the coming year.  This year there are too many tables reserved and not enough room for the unreserved guests.  It was suggested that we address this in the upcoming year. 

Mr. Dugan gave a special thanks to his committee and especially Maggie Williams & J.B. King. 

Ms. Williams will be taking on the roll of banquet chair in 2005 for the 121^st annual banquet. 

EDUCATION:  Education Chair Stan Gibson informed the Association that Fall Protection and Indemnity course was a great success.  It was over subscribed.  In the future we would like to limit the class size to 25.  Special thanks were given to St Paul Travelers for the room and Brian Deans and Bill Ross for their instruction. 

The same four-part seminar course format will be offered in Cargo in spring 2005, to be taught by Julie Vogele and a pending claims person. 

A hull course will also be offered if prospective teachers come forward.  Bob Langenhan has a course outline and instructional materials and would be willing to share all with a prospective instructor. 

In closing, Mr. Gibson thanked Lisa Corbett for her efforts in making the P&I course a success. 

Old Business 

AMUSF SCHOLARSHIP:  The E.C. had approved the $5,000 scholarship funds, to be used on a one-time basis for the California Maritime Academy general scholarship fund.   The CMA has been given the latitude to use the funds as it deems fit.  Committee Chair, Ms. Vogele, informed the Association that Dr. William Eisenhardt & his wife will be in attendance at the banquet, accepting the scholarship monies on behalf of the CMA. 

Last year we received many letters of thanks from various recipients.  The 2003 AMUSF President Yerian and current President Vogele attended the CMA scholarship dinner in 2004 for the 2003 gift. 

WEBSITE:    Secretary Golitzen has updated the AMU-SF website (www.amusf.com) as needed throughout the year except when out on maternity leave.  In her absence Vice President Nootbaar assumed the role of web liaison.  Pending items to be posted if passed, the new bylaws, and a new link to a membership application will be added to the home page.  Currently the link to an application is under the President’s Welcome. 

New Business 

BYLAWS – AMENDING ARTICLE III - MEMBERSHIP:  Background, at the final 2002-2003 executive committee meeting there was an active discussion of the acceptance of applicants due to the current bylaws restrictions.  The executive committee would like to have more latitude in accepting new members into the organization.  During the April 2004 executive committee proposed the following amended bylaws.  (As attached) 

Motion was made, seconded and carried to accept the proposed bylaws amendment as presented. 

APPLICATION FOR MEMBERSHIP:  President Vogele informed the Association that the E.C. had approved all 5 applicants for membership. 

Election of Directors for 2007 Class

Nominating Committee Chair, Robert Langenhan (other members – Kenneth Yoshii and Richard Yerian) submitted the slate for directors on the Executive Committee for the 2007 class.  They are as follows: 

Mr. Stan Gibson – Gibson Robb & Lindh
Ms. Janice Thames - PMMO
Mr. Russell Light – Great American 

A motion was moved, seconded and carried to approve the nominated Class of 2007. 

A MOTION WAS MADE, SECONDED AND CARRIED TO ADJOURN THE MEETING AT 10:39 AM.

(THE NEW EXECUTIVE COMMITTEE’S DIRECTORS WERE ASKED TO REMAIN IN ORDER TO NOMINATE AND ELECT THE 2004-2005 OFFICERS AND ESTABLISH THE 2005 MEETING DATES/TIMES.) 

Respectfully submitted, 

__________________________

Cynthia M. Golitzen
2003-2004 AMU-SF Secretary

January 31, 2005