In July 2023, 19 PMA Members submitted a Petition for the PMA to carry out an election to fill all five (5) Director positions, with staggered terms. Instead of simply responding to the Petition by commencing an election, the PMA Board paid $2,500 to file a claim on the PMA's Directors & Officers insurance. As a result, the insurance company refused to renew the policy, and the PMA purchased a Lloyds of London policy that costs $28,000 (or 8 times more than the previous amount of $3,400). In August 2024, the PMA Board commenced the required election. Although the PMA is required to carry out elections for director positions every year. However, the last election occurred in May 2021.
PMA Directors Pat Eklund and Michael Christian were elected on May 13, 2021 (See attached letter). Pursuant to the PMA Original Bylaws, Section 6.3 (attached), which were in effect at the time, their terms only lasted for two years! As a result, the terms for Eklund and Christian expired in May 2023. And although the PMA Board claims it was not able to hold elections "due to a lawsuit," the Board was able to carry out the 2021 election while the lawsuit about the defective Election Rules was active.
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