Minutes of the 2025 Annual Meeting
Suwannee Valley Electric Cooperative, Inc.’s (SVEC) annual business meeting of the members was held on Saturday, April 26, 2025, at the Suwannee County Agricultural Coliseum.
At 10:00 a.m., Executive Vice President and CEO Michael McWaters welcomed consumer-members who were in attendance. Mr. McWaters introduced SVEC’s trustees, after which Mr. Jerry Goff led an invocation and the pledge of allegiance. Mr. McWaters asked for a moment of silence in remembrance of former trustee Mr. William F. “Bill” Hart and former SVEC employee Ms. Janice Goodman. Mr. Hart represented members of District 9 for 33 years prior to not seeking re-election. Ms. Goodman served as a valued employee for 46 years prior to her retirement. Following the moment of silence, Mr. McWaters thanked all veterans and first responders. Mr. McWaters also recognized employees who have achieved five, ten, and thirty years of service to the cooperative. Mr. McWaters introduced Whitton Musgrove from Suwannee High School and Alyssa Jones from Lafayette High School who were the two Washington Youth Tour representatives.
Mr. Goff, Board of Trustees’ Secretary, announced that 394 members had registered for the meeting, thereby constituting a quorum, which allowed for the meeting to be convened and business to be transacted. Mr. Goff asked for a motion to dispense with the reading of the Official Notice. A motion was made, seconded, and approved by a majority vote. Mr. Goff announced that the motion to dispense with the reading of the Official Notice had been approved. Mr. Goff asked for a motion to dispense with the reading of the minutes from the 2024 annual meeting. A motion was made, seconded, and approved by a majority vote. Mr. Goff announced that the motion to dispense with the reading of the minutes from the 2024 annual meeting was approved. Mr. Goff turned the program back over to Mr. McWaters, who gave a joint CEO/President’s Address.
After completion of the joint CEO/President’s Address, Mr. McWaters introduced Mr. Woody Trimble, CPA and principal with Jackson Thornton, to present the unaudited financial statements. At the conclusion of Mr. Trimble’s report, Mr. McWaters introduced Mr. Josh Crapps, board counsel, to report on district elections. Mr. Crapps reported that meetings of consumer-members in Districts 7, 8, and 9 were held for the purpose of nominating official candidates for the position of trustee from those districts. Consumer-members were notified by letter in advance of the meetings that were held in their respective districts. The District 7 meeting was held on February 18, 2025, at the Prospect Primitive Baptist Church; the District 8 meeting was held on February 18, 2025, at the Mt. Olive Baptist Church; and the District 9 meeting was held on February 20, 2025, at the Mayo Baptist Church. Mr. Crapps stated that Mr. Hugh Hunter (District 7), Ms. Cynthia Boyette (District 8), and Ms. Francene Folsom (District 9) were nominated at the district meetings. Mr. Crapps announced that no additional nominations were made by petition and that, per the cooperative’s bylaws, Mr. Hunter, Ms. Boyette, and Ms. Folsom were declared and installed as trustees.
Mr. Crapps then called Mr. McWaters to the podium to adjourn the meeting. Mr. McWaters asked if there were any objections to the meeting being adjourned. Hearing none, the meeting was adjourned.
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