NewsLine
November 16, 2018
TO ALL MEMBERS:
2018 BOARD OF DIRECTORS ELECTION RESULTS;
DON MULLINEAUX ELECTED CHAIR
We are pleased to announce the results of the 2018 FHLB Cincinnati Board of Directors (Board) election. In this election, one Ohio Member Director, two Tennessee Member Directors, and two at-large Independent Directors were elected to the Board. All five directors will serve four-year terms commencing January 1, 2019, and expiring December 31, 2022.
The Board also elected Dr. Donald J. Mullineaux to serve as Chair of the Board. Dr. Mullineaux is Emeritus DuPont Endowed Chair in Banking and Financial Services, University of Kentucky, Lexington. He has served on the Board since 2010, and in the capacity of Chair since 2015. His third two-year term as Chair commences January 1, 2019, and expires December 31, 2020.
MEMBER DIRECTOR ELECTION RESULTS
Ohio
In Ohio, three candidates ran for one open seat. The candidate receiving the highest number of votes is elected to the Board. The election results are provided below.
Number of Ohio voting members: 202
Total eligible Ohio votes to be cast: 4,631,465
Michael P. Pell – (elected)
President/CEO
First State Bank, Winchester
Total votes received: 1,656,386
Sharon Churchill
President/CEO
Century Federal Credit Union, Cleveland
Total votes received: 776,358
Shon B. Myers
President/CEO
Farmers and Merchants Bank, Miamisburg
Total votes received: 700,692
Tennessee
In the Tennessee, three candidates ran for two open seats. The two candidates receiving the highest number of votes are elected to the Board. The election results are provided below.
Number of Tennessee voting members: 126
Total eligible Tennessee votes to be cast: 1,378,112
James A. England – (re-elected)
Chairman
Decatur County Bank, Decaturville
Total votes received: 881,451
William S. Stuard – (re-elected)
Chairman, President/CEO
F&M Bank, Clarksville
Total votes received: 783,756
Shannon K. York
Chief Financial Officer/SVP
Knoxville TVA Employees Credit Union, Knoxville
Total votes received: 153,115
INDEPENDENT DIRECTOR ELECTION RESULTS
In the at-large election of two Independent Directors, the Board nominated April Miller Boise, SVP, Chief Legal Officer & Corporate Secretary, Meritor, Inc., and incumbent director
Nancy E. Uridil, Director, Flexsteel Industries, to run for the open seats. As shown below, Ms. Boise and Ms. Uridil exceeded the 20 percent minimum regulatory requirement of votes eligible to be cast and are therefore elected, and re-elected, respectively, to the Board:
Number of members voting: 429
Total eligible votes to be cast: 6,947,101
April Miller Boise - (elected)
SVP/CLO and Corporate Secretary
Meritor, Inc.
Cincinnati, Ohio resident
Total votes received: 3,563,895
Percent of votes eligible to be cast: 51.30%
Nancy E. Uridil – (re-elected)
Director
Flexsteel Industries
Avon Lake, Ohio resident
Total votes received: 3,170,885
Percent of votes eligible to be cast: 45.64%
The director election results were ratified by the Board at its November 15 meeting. On behalf of the Board and staff, I would like to thank our members for participating in the director election and would also like to congratulate our newly elected and returning Directors.
Andrew S. Howell
President and CEO
