Notices to Members
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November 14, 1996
Candidates Announced for NFA Board and Nominating Committee
On October 17, 1996, NFA notified its Members of the nominations made by the 1996 Nominating Committee for positions on NFA’s Board of Directors ("the Board") and 1997 Nominating Committee. At that time, Members were also given the opportunity to make other nominations by petition, in accordance with Article VII, Section 3(b) and Article X, Section 3 of NFA’s Articles of Incorporation.
NFA Bylaw 406 states that "promptly after the expiration of the period within which petitions may be submitted, the Secretary shall notify the Members of all of the candidates for Director and member of the Nominating Committee." In accordance with Bylaw 406, this Notice will serve as notification of the candidates for the Board and 1997 Nominating Committee, including the names of the individuals nominated by petition in accordance with Article VII, Section 3(b) and Article X, Section 3. Enclosed is a complete list of candidates.
NFA Bylaw 406 also states that "in the event of a contested election, the Secretary shall cause written ballots to be sent to all Members in that category (i.e., FCM and LTM, IB, CPO or CTA) by December 15." In accordance with Bylaw 406, ballots shall be sent to all Member IBs and CTAs on December 13, 1996. No ballots shall be sent in the FCM or CPO categories. The FCM category will be represented on the Board and the 1997 Nominating Committee by the individuals indicated on the enclosed list. In the CPO category, there were no vacancies to be filled on either the Board or Nominating Committee.
Should you have any questions, do not hesitate to contact Tony Rose at (312) 781-1469.
1997 Nominees
FCM (1-15 Offices)
Two Board vacancies
Board of Directors
Hal T. Hansen
President
Cargill Investor Services, Inc.
Wallace G. Weisenborn
President
ING (U.S.) Securities, Futures & Options, Inc.
Nominating Committee
James A. Gary
Executive Vice-President
The Chicago Corporation
FCM (16-50 Offices)
One Board vacancy
Board of Directors
Douglas O. Kitchen
Partner
Bardford & Co., Incorporated
Nominating Committee
Michael J. Hogan
Managing Director
Lehman Brothers, Inc.
FCM (51+ Offices)
Two Board vacancies
Board of Directors
Laurence E. Mollner
Executive Vice-President
Dean Witter Reynolds, Inc.
John P. Sievwright
Co-Chairman
Merrill Lynch Futures, Inc.
Managing Director
Institutional Financial Futures & Options
Nominating Committee
Jack H. Lehman, III
Senior Executive Vice-President
Smith Barney, Inc.
IB
One Board vacancy [Note that at least one Nominating Committee
vacancy must be filled by a candidate affiliated with an Independent
IB (IBI). The other two vacancies can be filled by candidates
affiliated with Guaranteed IBs (IBG).]
Board of Directors
William D. Darby
President
Darby Trading Consultants
Michael P. Doherty
Branch Manager
Super Fund Financial Group, Inc.
Nominating Committee
Kevin P. Biber
Vice-President
Pittsburgh Futures Group, Inc. (IBG)
Michael L. Mitchell
President & CEO
Mitchell Investments, Inc. (IBG)
Norton B. Rixey, Jr.
President
Central States Commodities, Inc. (IBI)
Bradley W. Sharp
Commodity Futures & Options Manager
Anglaize Farmers Cooperative, Inc. (IBG)
CTA
One Board vacancy
Board of Directors
Douglas L. Bry
President
Northfield Trading LP
Elizabeth A.M. Kenton
Senior Vice-President & Director of Compliance
John. W. Henry & Co., Inc.
Nominating Committee
Carl J. Beck
Principal
Hyman Beck & Co., Inc.
Martin P. Klitzner
Co-Managing Director
Sunrise Capital Partners, LLC
Carl C. Peters
President
Abacus Trading Corporation