2022-07-27 OMA Agenda - Board of Trustees

Board of Trustees Meeting Minutes—April 27, 2022 Call to Order: The board meeting was called to order at 1:02PM (EDT) by Dr. Ethan Lazarus Roll Call: Dr. Harold Bays, Secretary/Treasurer Attendees : Drs . Craig Primack, Ethan Lazarus, Marisa Censani, Lydia Alexander, Ms. Sandra Christensen, Drs. Michelle Freshwater, Angela Fitch, Harold Bays, Anthony Auriemma, Suzanne Cuda, Bharti Shetye, and Carolynn Francavilla Brown. Teresa Fraker (OMA Executive Director and Ms. Dana Stifter (Operations and Governance Manager). Jim Wilson (Legal Counsel), Doctors William McCarthy and Carl Knopke joined the call for specific agenda items. Approval of Meeting Agenda: Motion to accept Meeting Agenda The motion passed Consent Agenda Consent agenda included minutes from Board of Trustees meeting from 1/13/2022 and other Class II Documents. Motion to accept Consent Agenda The motion passed Recognition of Dr. William McCarthy Dr. William McCarthy was added to this meeting via Zoom. Dr. McCarthy is stepping down from his role with OMA and the board thanked him personally for his years of service. Treasurer’s Report Mrs. Teresa Fraker reviewed the current year 2022 budget, and where OMA currently stands for its operating budget as well as the current membership data. Dr. Harold Bays discussed his Treasurer Resource Document and how it should be utilized going forward. Dr. Lazarus suggested an edit on page #39, first sentence. The current sentence reads “…. shall annually distribute…”, and should read, “ may annually distribute...”. Dr. Bays agreed with the change, Ms. Fraker will make change in document. Discussion took place regarding the Investment Policy, which was authored and edited by through Stifel, OMA’s investment firm. This document provided thorough explanation of how

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