1. Call to Order

Chair: Dale Zwart

Dale welcomed attendees and opened the meeting.

Quorum Verified: 17 of 21 shares represented.

• Brent Jenkins (Weeks 20, 21)
• Matt Johnson (22)
• Jared Lake (22)
• Chris Henderson (23, 35)
• Tim Losier (25)
• David Harper (27)
• Steven Harper (27)
• Kathy Haze (28)
• Tracy Haze (28)
• Kim Wood (28)
• Curtis Wood (28)
• Ashley Donohue (30, 31)
• Kevin Donohue (30, 31)
• Jim Hanson (32, 33)
• Glen Funk (34)
• Dale Zwart (36)
• Ken Walters (38)
• Lahn Simmons (39)
• James Reidy (40)

2. Approval of Previous Meeting Minutes

The minutes of the 2024 Shareholders Meeting were reviewed.

Motion to Approve: Lahn Simmons

Seconded by: Ken Walters

Outcome: Approved unanimously.

3. Financial Update

Overview: Current financial status presented.

Annual Dues: Proposed at $3,300 per share.

Motion to Approve: Brent Jenkins

Seconded by: David Harper

Outcome: Approved unanimously.

4. Engine Hours Report

Current Engine Hours: Not available as final hours have not been recorded.

Discussion: Consideration of a usage-based fee for engines. Deferred to the Board of Directors for further discussion.

5. Prime Schedule

Overview: Shared schedule for upcoming shareholder usage.

Adjustments: Reviewed and discussed availability.

6. Boat Repairs

Incident Summary: Anchor failure and subsequent damage.

Repair Estimates: Reviewed options and costs.

Insurance Implications: Discussed potential premium increases.

Decision: Referred to the Board of Directors for resolution on funding repairs.

7. Insurance Policy Update

Current Status: Efforts to reduce costs by limiting operators.

Premium Impact: Potential 40% increase if a claim is filed (noted by agent Ryan Warner).

Deductible Adjustment: Discussion on increasing deductible to $10,000 to lower premiums.

8. Operational Updates

Off-Season Maintenance: Schedule for repairs beginning February 1.

Additional Services: Drive service, hull cleaning, and potential hull survey.

Caution: Shareholders reminded to minimize engine wear and tear.

9. Open Forum

Shareholders raised questions and discussed concerns.

10. New Business

Suggestions for the Upcoming Season:

• Add a skillet to kitchen appliances.
• Eliminate low-quality kitchenware and utensils.
• Add a Swiffer duster to cleaning supplies.

11. Next Steps and Meeting Schedule

Action items and responsibilities were outlined.

Date for the next meeting to be determined.

12. Adjournment

Time: 12:06 PM

Motion to Adjourn: Chris Hanson

Seconded by: Chris Henderson

Outcome: Approved unanimously.