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.

 

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( J. Vincent Eccles, (Secretary)