September 9, 2007	Back to Top

Time and Place

• A meeting of the Board of Directors of Friends of KEXP ("KEXP") was held on September 3, 2007 at 10:30 a.m. at KEXP studios.

• The following Directors of KEXP were present at the meeting: Ron Johnson, Louis Fox (telephonically), Stuart Nagae, Robert Santelli and Peter Nordstrom. Also attending by invitation was: Thomas Mara, KEXP Executive Director; Kevin Cole, Senior Director, Programming; Andrew Corey, Programming Coordinator; and, Denise Burnside, Director, Business and Finance.

• The minutes from the June 6, 2007 meeting were reviewed and approved.

• Tom Mara, Kevin Cole, Andrew Corey and Denise Burnside presented a programming initiative with another station. Board members discussed the matter and encouraged staff to develop a final plan.

• Tom Mara provided an update on the upcoming strategic planning project. Board members Peter Nordstrom and Louis Fox are joining advisory council president Scott Bell later today to meet a representative from McKinsey and Company. The purpose of the meeting is to explore a potential pro bono arrangement with McKinsey to produce the strategic plan for KEXP.

• Tom Mara presented some space opportunities to mitigate the capacity issues at Dexter.

• There being no further business to come before the Board, the meeting was adjourned at approximately 12:00 p.m.
  By: Tom Mara
  Correct: Ron Johnson, Chairman

June 6, 2007	Back to Top

Time and Place

• A meeting of the Board of Directors of Friends of KEXP ("KEXP") was held on June 6, 2007 at 4:00 p.m. at KEXP.

• The following Directors of KEXP were present at the meeting: Ron Johnson, Louis Fox (telephonically), Stuart Nagae (telephonically), Robert Santelli and Peter Nordstrom. Also attending by invitation was Thomas Mara, KEXP Executive Director.

• The minutes from the May 1, 2007 meeting were reviewed and approved.

• The members of the board initiated an executive session.

• Tom Mara provided an update regarding an opportunity to forge a programming agreement with a third party.

• Tom Mara provided an update regarding the a plan to create a strategic planning process for FY08-FY12, and to produce a summit with leaders in music, technology, education and business communities, among others, to inform the strategic plan.

• There being no further business to come before the Board, the meeting was adjourned at approximately 5:30 p.m.
  By: Tom Mara
  Correct: Ron Johnson, Chairman

May 1, 2007	Back to Top

Time and Place

• A meeting of the Board of Directors of Friends of KEXP ("KEXP") was held on May 1, 2007 at 4:00 p.m. at KEXP.

• The following Directors of KEXP were present at the meeting: Ron Johnson, Stuart Nagae, Robert Santelli and Peter Nordstrom. Also attending by invitation was Thomas Mara, KEXP Executive Director. Two KEXP staff member including Kevin Cole, Senior Director, Programming and Andrew Corey, Content Coordinator attended a portion of the meeting.

• The board reviewed and corrected minutes from past meetings. In the interest of increased transparency, the board voted unanimously to approve posting publicly the approved minutes of future board meetings on KEXP.org.
• Acceptance of 2005 Financial Audit
  • The board reviewed and voted unanimously to approve acceptance of the unqualified 2005 audit report.

• The board discussed the status of establishing the Conflict of Interest policies.

• The members of the board initiated an executive session.

• After adjourning from the executive session, and upon a recommendation from board members Peter Nordstrom and Stuart Nagae, the board reviewed the compensation of Tom Mara, Executive Director and voted to unanimously approve (a) increasing by ten percent his current annual salary, and (b) establishing an annual bonus plan based on certain performance criteria.

• Tom Mara, Kevin Cole and Andrew Corey presented information about an opportunity to forge a programming agreement with a third party. Stuart Nagae expressed interest in consulting with staff to assess the opportunity further.

• Tom Mara provided financial reports including: profit and loss reports for FY06 and the first quarter of FY07 FY06, balance sheets as of December 31, 2006 and March 31, 2007, annual summaries of cash flow for FY04-FY06 and the first quarter of FY07, and a summary from a national fundraising benchmark study including performance comparables with KEXP’s defined peer group of five non-commercial music stations.

• Tom Mara presented a draft outline of a plan to create a strategic planning process for FY08-FY12, and to produce a summit with leaders in music, technology, education and business communities, among others, to inform the strategic plan. After discussion, the board expressed interest in exploring these plans further.

• Tom Mara provided status of the staff’s work with the auditor.

• There being no further business to come before the Board, the meeting was adjourned at approximately 5:30 p.m.
  By: Tom Mara
  Correct: Ron Johnson, Chairman