ZIMCO Executive Board/Operations
ZIMCO Industries Quarterly Report: Entry of 3rd Quarter
There has been no executive board meeting since 3-3-12. As of of 8-14-12, the board of directors has not assembled in the same spot since June when the 2nd Quarter board meeting was canceled when the Belmont Party started to break up.
News and Notes since 1st Quarter ended:
The theft of approximately $200 from the ‘Frozen Assets’ was reported. Thus, the total revenue and net worth of ZIMCO Industries took an extensive hit. An emergency contingency meeting between the CFO and CEO was conducted to move the ‘Frozen Assets’ to a safer location to insulate and isolate this incident. Thefts in the neighborhood have been attributed to the loss but no conclusive evidence points to this as a certainty as to the loss.
CFO Dr. Brian C. Barrett extended the company’s line of credit and reported the losses to the International Monetary Exchange. The devaluation of ZIMCO Stock on the open market dropped significantly in the wake of this news. Currently the movement of the ‘Frozen Assets’ has been completed and a new security plan enacted.
Currently, due to the developments surrounding this financial disaster, ZIMCO stock has tumbled extensively. The current quoted liquid assets register only $54.
News and Notes for 3rd Quarter:
Once again The Bunker at the Garage Majal will be featuring a full slate of NFL football as the contract with Direct TV continues. Broadcasts of NFL games to include The Cincinnati Bengals, Detroit Lions, Cleveland Browns and Atlanta Falcons will be guaranteed again for 2012.
A re-configuration of TBGM has allowed for a more maximum seating capacity and a more comfortable environment. A seating re-arrangement and re-assignment can be made by appointment.
Board Meeting Minutes/News.
Board Members Present:
Board President: Karl Hehr
CEO/Treasurer: Michael Zimmer
CFO/CTO: Brian C. Barrett
Sargent at Arms/Bunker Comissioner: Jeff Minks
Board Members Not Present:
CMO: Dr. Sean W. Plympton
Token Woman: Chris Stackhouse
Dues of $40/ Quarter back dated to January 1st
has been agreed upon (motion carries 4-0, 1-NV)
Discussion of titles:
Brian Barrett is CFO (Chief Financial Officer) CTO (Chief
Technology Officer <voted upon 3-1>)
Mike Zimmer is Founder, President, CEO (Chief Executive
Officer) and Treasurer. CEO is
lifetime. Treasurer position will be up
for vote on 1-1-2013
Explanation of the spreadsheet was undertaken:
It shows that the top share holders are:
Mike Zimmer: 248 shares (62 X 4)*
Dr. Sean W. Plympton 59
Karl Hehr: 58 Shares
Brian C. Barrett: 50** Shares
Jeff Minks: 41 Shares
*-All shares able to be matched at ¼ price as any stock
holder attempting to take majority status.
**-Owes 50 shares as part of buy-back from initial
Re-visitation of titles:
Karl Hehr remains Board Chairman. Ponders title. Eats chips.
Has lost 2-straight bets on the fights tonight.
Karl requests Asian pussy.
Measure to sell back $2 share to token woman on board
approved unanimously (1-in absentia approves measure).
“Bunker League” acquired by ZIMCO (motion carries 3-0, 2-NV), Jeff to remains
commissioner for a salary of $1 per year.
Bunker League will be now be “brought to you by” ZIMCO Industries. Jeff will still administer and run Bunker
League fantasy football league with complete autonomy but under ZIMCO banner.
Contemplation of spin-off new brand of “Bunker” items
Acquisition of business cards for Kegerator Nation from
Vista Print has been approved, with money in the amount of approx. $20 has been
agreed upon (motion carries 4-0, 1-NV)
provision: agreed upon with the caveat of design to be brought to a vote.
Design still in need of approval as of 3-16-12.
A vote to procure a lock-box to keep the money safe was
agreed upon (motion carries, 3-1, 1-NV) from Walmart
CFO wants his no vote noted.
New business is to be
completed by April 1st and new quarterly board meeting.