A special election meeting of Silver-Bronze Corporation members was held on July 2 at the Coto Valley Club. Members were voting on three items, briefly described as:
- Measure 1: removal of the current board of directors
- Measure 2: If Measure 1 passed, elect a new board of directors
- Measure 3: Amend SBC bylaws to enable transfers of Silver-Bronze Equity Memberships allowing multiple memberships to be owned by an equity member, with full rights of each equity membership owned.
At the meeting it was noted that the language on the proxy forms provided by Oak Grove differed from the proxy forms provided by The Ballot Box, an elections inspection company hired by SBC’s board.
As a result of the discrepancy, The Ballot Box deemed Oak Grove’s proxy ineligible and there were not enough SBC proxies and attending members to meet quorum. Oak Grove and its attorneys disagree with The Ballot Box’s ruling and contend the proxy ballots should be counted. The meeting adjourned without further decisions.
Per Ken Agid, president of SBC’s board of directors, the board has tentatively set a new Special Elections Meeting date for August 13 at 6:30 p.m. at Coto Valley Club.
Both sides say they expect to go to court this week to determine the validity of the Oak Grove proxies.