Circular No. 5/00 - Closing of the 1996 Policy Year; Board Appointment; Appointment of Club Secretary
JUNE 30, 2000
CIRCULAR NO. 5/00
TO MEMBERS OF THE ASSOCIATION
CLOSING OF THE 1996 POLICY YEAR
APPOINTMENT OF CLUB SECRETARY
The Club held its Annual Meeting in New York on June 15, 2000. In conjunction with this, the Annual Meeting of the Board of Directors, as well as a regular meeting of the Board, also took place. A number of important matters were discussed and decisions made.
Closing of the 1996 Policy Year
Having reviewed this year¹s most recent development, your Board resolved that it be formally closed without further call. The surplus for the year has been transferred to the Club's contingency account.
At the Annual Meeting of Members, Mr. Earl G. Jackson of Martin Resource Management Corporation was elected a Club Director. Members will no doubt join the Board in wishing Mr. Jackson well in his future participation in its affairs.
Appointment of Club Secretary
At the Annual Meeting of the Directors, Mr. Thomas J. McGowan, formerly President of Shipowners Claims Bureau, Inc., Managers of the Club, stood down as Club Secretary after more than seventeen years of service. Again, Members will no doubt join the Board in thanking Mr. McGowan for his work on the Club's behalf over many years and in wishing him a continuingly happy retirement.
At the same meeting, the Directors elected Mr. Joseph E.M. Hughes, Chairman and CEO of Shipowners Claims Bureau, Inc., as the Club's new Secretary with immediate effect.
As usual, Members should feel free to contact the Managers in the usual way for further explanation, if required, of the matters set out above.
Joseph E.M. Hughes, Chairman & CEO
Shipowners Claims Bureau, Inc., Managers for THE AMERICAN CLUB