The results are in from the member vote on adopting a Patronage Dividend System. Members had the opportunity to vote, during a 25 day period beginning October 25 and ending November 19th, whether or not to adopt changes to The Food Co-op’s Articles of Incorporation that would allow for Patronage Dividends. We are pleased to announce that the initiative passed with 94% in favor. A total of 973 votes were recorded, with 915 Yes votes and 58 No votes.
Board Vote December 2 on By-Law Amendment
The next step in the process of establishing a Patronage Dividend system is for the board to approve changes to The Food Co-op’s bylaws. These changes will bring the bylaws into alignment with the new Articles of Incorporation, and further specify how Patronage Dividends will be implemented. The Board will vote on adopting these By-Law changes at the December 2nd 2014 regular meeting. The By-Law Amendment can be downloaded below and is also posted on the Board’s Board in the store.
Thanks for taking the time to be an engaged member of The Food Co-op!