2020 Quadrennial Meeting Minutes

2020 Quadrennial Meeting Minutes

Kossuth Foundation
Kossuth House, Washington, DC
Minutes of the Quadrennial General Meeting

March 14, 2020, 9:45AM

The meeting was convened at 9:45 by Gabe Rozsa, Chairman of the Board

Welcoming remarks – Introduction of members and guests.

Mr. Rozsa welcomed members and introduced the board members in attendance and those joining by phone: present were Mr. Atilla Kocsis (Treasurer), Mr. Zsolt Szekeres (Secretary), and on the phone, Mr. Max Teleki (Vice Chair), Mr. George Dozsa and Emese Latkoczy.


Agenda
The meeting’s draft agenda was the following:

  1. Welcoming remarks – Introduction of members and guests.
  2. Establish quorum and count proxies, Zsolt Szekeres Secretary
  3. Approval of the draft agenda
  4. Chairman’s report, Gabe Rozsa, Chairman of the Board
    - History of the organization
    - Recent history with Silverback
    - Update on the purchase of Kossuth House by the Government of Hungary
    - Building uses: housing of Hungarian American diaspora organizations,
    - Current building status- repairs issues, future plans
    - KF Staff
    - Foundation programs
    - Future plans
  5. Treasurer’s report, Atilla Kocsis, Treasurer
    - Foundation accounting report
    - Real Estate accounting report
    - Establishment of and Investment Committee, review of the
    Foundation’s investment policies.
  6. Nomination and Election of individual Board Members
  7. Questions and comments
  8. Other business
    Establish quorum and count proxies – Mr. Szekeres, Secretary Mr Szekeres took a roll call and announced that the required quorum (fifty members) is not present. There were 8 members present and 9 proxies plus two absentee ballots for a total of 19 members counted. Foundation members present were: Gabe Rozsa, Zsolt Szekeres, Atilla Kocsis, Judit Subert, Adam Korenyi-Both, Janos Szekeres, Linda Dono, and Jane Hautanen, Erika Orban, Executive Assistant to the Chairman of the Board and guest Karoly Barabasi, a Hungarian American Coalition intern.

Participating by phone were Max Teleki, George Dozsa and Peter Berty. [Note: The announcement posted for telephone participation had the incorrect dial in number. The Board will schedule another teleconference call for March 21, at 9:30 a.m. to allow members to receive the same briefing and to ask question of board leadership.] In view of the lack of quorum Mr. Rozsa, Chair, adjourned the meeting and announced that, as provided for under the Foundation’s bylaws in the event of a lack of quorum, the meeting could be immediately reconvened with the participation of the members in attendance and those who provided proxies. Mr. Szekeres made a motion to adjourn, seconded by Mr. Kocsis.

The motion carried; the Quadrennial Annual meeting was adjourned.

Minutes of the Reconvened
Quadrennial General Meeting
March 14, 2020, 10:05AM

  1. Opening of the meeting – Mr. Rozsa, (Chairman) opened the meeting in accordance with the special quorum provisions for the quadrennial meeting in Article II, Section A, Clause 5 of the bylaws.
  2. Establish quorum and count proxies, Zsolt Szekeres Secretary Mr. Szekeres took a roll call and announced there were 8 members present and 9 proxies plus two absentee ballots for a total of 19 members counted. Foundation members present were: Gabe Rozsa, Zsolt Szekeres, Atilla Kocsis, Judit Subert, Adam Korenyi-Both, Janos Szekeres, Linda Dono, and Jane Hautanen, plus Erika Orban, Executive Assistant to the Chairman of the Board and guest Karoly Barabasi, a Hungarian American Coalition intern.
  3. Approval of the draft agenda Mr Rozsa submitted the draft agenda for approval. Mr. Kocsis made a motion to approve the agenda as presented, Mr. Szekeres seconded. The motion carried.
  4. Chairman’s report, Gabe Rozsa, Chairman of the Board Mr Rozsa presented his report in a Power Point Presentation with the following main topics: History of the organization, Recent history with Silverback, Update on the purchase of Kossuth House by the Government of Hungary, Building uses: housing of Hungarian American diaspora organizations, Current building status-repairs issues, future plans, Kossuth Foundation Staff, Foundation programs and Future plans. Members discussed certain aspects of the report. A few questions were raised regarding the long-term future (20+years) of the Kossuth House and the Foundation’s relation to the Hungarian Government, as its owner under our current agreement. Mr. Rozsa pointed out that the Foundation has to do a good job, so the Foundation and the building can serve the Hungarian American community in the future. If we do, he is confident that the Government will extend the relationship beyond the current lease term. Mr. Szekeres made a motion seconded by Mr. Kocsis