MINUTES OF THE SPACE ENVIRONMENT CORPORATION
SPECIAL BOARD MEETING
June 6, 2003
A special meeting of the Space Environment Corporation Board of Directors was held on
June 6, 2003 at 5 p.m. at the Space Environment premises located at 221 N. Spring Creek
Parkway, Suite A, Providence, Utah to discuss and approve the GUST changes to the Space Environment Corporation Pension & Profit-Sharing Plan.
Present: Robert W. Schunk (President); Jan J. Sojka (Treasurer)
& J. V. Eccles (Secretary)
Absent: John Raitt; Vince Wickwar
GUST Restatement of the SEC Pension & Profit-Sharing Plan
The Board discussed the amendments to the existing SEC Pension & Profit-Sharing Plan as required by the new GUST regulations. The New England Financial Defined Contribution Prototype Plan #02 Profit-Sharing Standardized Adoption Agreement #005 was examined in detail and a resolution was made to accept the plan as a restatement of the SEC Pension & Profit-Sharing Plan . This was unanimously approved by a quorum of the Board members, namely Robert W. Schunk, Jan J. Sojka and J. V. Eccles.
The meeting was adjourned at 6:30 p.m.
( J. Vincent Eccles, (Secretary)