Notices to Members
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July 24, 1997
Board and Nominating Committee Members Whose Terms Will Expire at the 1998 Annual Election
NFA Bylaw 406 provides that before October 15 of each year, NFA's Secretary will notify all Members in the FCM, IB, CPO and CTA categories of the elected Directors and the members of the Nominating Committee whose terms will expire at the Annual Election and will request that the names of eligible persons to fill those positions be submitted to the Nominating Committee. Enclosed is a list of Board and Nominating Committee members whose terms will expire at the 1998 Annual Election to be held on January 13, 1998.
Also enclosed is a form for your use in submitting names of persons eligible to fill the vacancies on the Board of Directors and the 1998 Nominating Committee. The Nominating Committee will consider names which are submitted and the Membership will be notified of its nominations. Thereafter, additional nominations may be made by petition only. Ballots will be mailed in December to all Members in categories for which there is a contested election and the ballots will be counted on January 14, 1998. The results will be circulated before the Annual Meeting in February.
NFA is a membership organization. NFA Members have a voice in NFA's governance through the exercise of the right to suggest candidates and to nominate and elect individuals to serve on NFA's Nominating Committee and Board of Directors. The Nominating Committee relies heavily on the suggestions of the Membership in making its nominating decisions. Please give this matter serious consideration and return your submission(s) to NFA no later than August 22, 1997.
Should you have any questions, please contact Tony Rose at (312) 781-1469 or Audrey West at (312) 781-2255.
ELECTED BOARD AND NOMINATING COMMITTEE MEMBERS WHOSE TERMS WILL EXPIRE AT THE 1998 ANNUAL ELECTION
BOARD OF DIRECTORS
(Directors may succeed themselves)
FCMs with 1-15 Offices
W. Robert Felker
President and Chief Executive Officer
First Chicago Futures, Inc.
Chicago, Illinois
Central Region
FCMs with 16-50 Offices
Charles P. Nastro
Managing Director
Director of Futures
Lehman Brothers, Inc.
New York, New York
Eastern Region
Susan Tigner
President
Country Hedging, Inc.
St. Paul, Minnesota
Western Region
FCMs with 51 or more Offices
William T. Maitland
Executive Managing Director
& General Counsel
Nomura Holding America, Inc.
New York, New York
Eastern Region
O. Lee Reid, Jr.
Vice-President - Futures & Index Options
A.G. Edwards & Sons, Inc.
St. Louis, Missouri
Western Region
Guaranteed IBs
None
Independent IBs
John D. Streich
President
First Capitol Ag, Inc.
Platteville, Wisconsin
Central Region
CPOs
Robert G. Easton
Chairman
Hamilton Advisors Limited
Princeton, New Jersey
Eastern Region
CTAs
Robert L. Isaacson
President
Commodity Investment Consultants, Ltd.
Woodside, California
Western Region
NOMINATING COMMITTEE
(Nominating Committee Members may NOT succeed themselves)
FCMs
James A. Gary
Executive Vice President
The Chicago Corporation
Chicago, Illinois
Michael J. Hogan
Managing Director
Lehman Brothers, Inc.
New York, New York
John H. Lehman, III
Senior Executive Vice President
Smith Barney, Inc.
New York, New York
IBs
Michael L. Mitchell
President & Chief Executive Officer
Mitchell Investments, Inc.
Zionsville, Indiana
Norton B. Rixey, Jr.
President
Central States Commodities, Inc.
Kansas City, Missouri
Bradley W. Sharp
General Manager
Defiance Landmark, Inc.
Sherwood, Ohio
CPOs
Robert Amedeo
President & Director
Rockwell Futures Management, Inc.
Evergreen, Colorado
Esther E. Goodman
Senior Executive Vice President
Kenmar Holdings, Inc.
Greenwich, Connecticut
Mark J. Hawley
President
Demeter Management Corporation
New York, New York
CTAs
Aladin Abughazaleh
President
ATA Research, Inc.
Dallas, Texas
Carl J. Beck
Principal
Hyman Beck & Company, Inc.
Parsippany, New Jersey
Martin P. Klitzner
Co-Managing Director
Sunrise Capital Partners, LLC
Solana Beach, California
COMPOSITION OF NFA'S BOARD OF DIRECTORS
Directors elected by the members*:
- TWO (2) FCM REPRESENTATIVES - 1 to 15 Offices
- TWO (2) FCM REPRESENTATIVES - 16-50 Offices
- FOUR (4) FCM REPRESENTATIVES FROM EITHER CATEGORY 1 OR 2 ABOVE
- SIX (6) FCM REPRESENTATIVES - 51 or more Offices
- ONE (1) IB REPRESENTATIVE - Independent
- ONE (1) IB REPRESENTATIVE - Guaranteed
- ONE (1) IB REPRESENTATIVE FROM EITHER CATEGORY 5 OR 6 ABOVE
- THREE (3) CPO REPRESENTATIVES - At least one being from a CPO which ranks within the top one-third of CPOs with funds under management
- THREE (3) CTA REPRESENTATIVES - At least one being from a CTA which ranks within the top one-third of CTAs with funds under management
* Contract Market Representatives are appointed by the Contract Markets they represent. Public Directors are elected by the Board of Directors. There are also regional restrictions that affect eligibility. For complete details, see NFA Article VII, Sections 2(b)(ii), 2(b)(iii) and 2(c)(iii).
COMPOSITION OF NFA'S NOMINATING COMMITTEE
- ONE (1) FCM REPRESENTATIVE - 1 to 15 Offices
- ONE (1) FCM REPRESENTATIVE - 16 to 50 Offices
- ONE (1) FCM REPRESENTATIVE - 51 or more Offices
- ONE (1) IB REPRESENTATIVE - Independent
- ONE (1) IB REPRESENTATIVE - Guaranteed
- ONE (1) IB REPRESENTATIVE FROM EITHER CATEGORY 4 OR 5 ABOVE
- THREE (3) CPO REPRESENTATIVES
- THREE (3) CTA REPRESENTATIVES
THE COMPLETED SUGGESTION FORMS SHOULD BE RECEIVED
BY AUGUST 22, 1997.
Please Return To:
Daniel J. Roth
Secretary
National Futures Association
200 West Madison Street, Suite 1600
Chicago, Illinois 60606-3447