"PTFA's Director's Meeting" 1969, 1969

Item — track: 6

Staff Only

Scope and Contents

Man speaking says that the meeting has been called because they need to talk about demonstrating a product that they are working on for another company (Black Mountain?). This company will bring their metallurgist, an attorney, and the division expert to attend the demonstration.
He talks about the specifications for the product, specifically the metals involved in the tube and some of the processes involved with the metals.
This section stretches on and is quite technical. The people in the meeting talk a little bit about sourcing some of the materials as well.
The people in the meeting vote on electing Dewey Bluke (Bluth? Unsure on spelling) to VP and senior member of the associates. Ralph Maxwell is up for becoming an interim associate when he has enough education, but it seems the vote is postponed because of some confusion over bylaws relating to being an associate. This not totally clear. It appears Ralph will retire when his son begins to work, but still be employed as a consultant.
They talk about allowing associates to purchase stock at par value, which they believe is a very good deal. Each associate must own at least one share of the stock.
They are about to open up an IPO to the public, and discuss the price that they feel they should list it at, and at what point they will want to cut off stock purchases.

Dates

Creation: 1969

Creator

From the Collection: Farnsworth, Elma G., 1908-2006 (Person)

Language of Materials

From the Collection:

Collection material in English.

Conditions Governing Access

Materials must be used on-site; no use of original material, access copies will be made available for viewing. Five business days advanced notice required. Access to parts of this collection may be restricted under provisions of state or federal law, condition of the material, or by donor.