May 20, 2019 – Credit Committee

CREDIT COMMITTEE MEETING

The meeting of the Credit Committee of the Business Finance Authority (“BFA”) was called to order at 2:00 p.m. at 2 Pillsbury Street, Pillsbury Meeting Room, Concord, New Hampshire.  The following Directors were present:   Dick Anagnost, Stephen Duprey, Daniel Henderson, Jeffrey Hayes, Bill Dwyer and Representative Kermit Williams.  Present via telephone were Directors Matthew Benson, Nancy Merrill, and Senator Jeanne Dietsch.  Absent were Director Charles Withee, Catherine Provencher, Senator Bob Giuda, and Representative Laurie Sanborn.  Also present were:  James Key-Wallace, Executive Director and Clerk; William Rushforth, Chief Financial Officer; Jeremy Stanizzi, Senior Credit Officer, and Joe Haas.

Chairman Anagnost announced the meeting was open to the public and welcomed all present.

Joe Haas requested to be heard by the Board of Directors.  Chairman Anagnost allowed the request.

Joe Haas departed the meeting.

The Chairman asked for approval of the public and non-public minutes of the April 15, 2019 Credit Committee Meeting.

Upon motion made by Director Duprey and seconded by Director Henderson, the following action was unanimously approved:

VOTED:  To accept the public and non-public minutes of the April 15, 2019 Board Meeting.

The following named directors voted:

Aye:  Dick Anagnost, Stephen Duprey, Daniel Henderson, Jeffrey Hayes, Bill Dwyer, Matthew Benson and Nancy Merrill.  Nay:  None.  Abstain:  None.

Whereupon the Chairman declared said resolution adopted.

At 2:17 p.m., the Chairman asked the Board to consider a nonpublic session.  The purpose of the nonpublic session was for the following reason:

Consideration of applications by the Business Finance Authority under RSA 162-A:7-10 and RSA 162-A:13, where consideration of confidential, commercial, or financial information that is exempt from public disclosure; and matters which if discussed in public, would likely affect adversely the reputation of any person, other than a member of the public body itself.

Whereupon Director Duprey made a motion for nonpublic session and Director Henderson seconded.

The following roll call vote was taken to enter into the nonpublic session:

Director Anagnost                      yes

Director Duprey                         yes

Director Hayes                            yes

Director Benson                         yes

Director Dwyer                           yes

Director Merrill                          yes

Director Henderson                   yes

Following a vote of the Board to enter into a nonpublic session, the minutes of the nonpublic session are hereby recorded.

At 2:24 p.m., Director Duprey made a motion to come out of nonpublic session, seconded by Director Dwyer.

Director Dwyer made a motion to seal the minutes of the nonpublic session because it is determined that divulgence of the information likely would affect adversely the reputation of any person other than a member of the public body itself, or render the proposed action ineffective.

Upon second made by Director Duprey, the following named directors voted:

Aye:  Dick Anagnost, Stephen Duprey, Daniel Henderson, Jeffrey Hayes, Bill Dwyer, Matthew Benson and Nancy Merrill.  Nay:  None.  Abstain:  None.

Whereupon the Chairman declared said action adopted.

There being no further business and upon motion made and seconded, the meeting was adjourned at 2:27 p.m.

 

Respectfully submitted:

Jeremy Stanizzi

Senior Credit Officer



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