Board of Directors Meeting Summary

On March 24, 2021, the Surplus Lines Stamping Office of Texas held their Finance & Audit Committee meeting pursuance to code 2(c)(10) of SLTX’s Plan of Operation. The committee discussed agenda topics including approval of the previous meeting minutes, discussion over the 2020 Financial Audit Review, discussion regarding the 2021 Finance YTD Update, reserve Balance and Stamping Fee Analysis, and review of the Annual Report for 2020.

The following day, the Stamping Office Board of Directors held their first meeting of the year. The meeting was held via teleconference and most members were in attendance. The board discussed various topics on the agenda including approval of previous board minutes, discussion over the F&A Committee report, Election of 2021 Officers, discussion regarding Subcommittee Activity and Reports, discussion over Company business Updates, and review the Deferred Compensation Plan.

The Board of Directors also discussed and passed motions regarding the approval of previous meeting minutes as well as discussion and approval of board leadership nominations, Finance & Audit Committee charter, Executive Committee charter, Plan of Operation Committee amendments, 2020 Annual Report, and Deferred Compensation Plan amendments.

This is a broad summary of the meeting and not intended to reflect official meeting minutes or detail the scope of any actions taken by the board. Once minutes are reviewed and approved by the Board, they will be added to the website under board minutes.

The dates for the next Finance & Audit Committee meeting and Board of Directors meeting are to be announced. As always, board meetings are available to the public, and information will be posted as they are announced.