Ordinary General Assembly Meeting: Voting outcome

The Athletic Club Board of directors have decided, in accordance with that established in Article 54/2 of its Social Statutes, to summon all Athletic Club members and associates to the Ordinary General Assembly Meeting that, in accordance with that established in Articles 19 and 23 of the current Social Statutes, will be held at the Euskalduna Palace Auditorium, in Bilbao, on Thursday, 25 October 2007, with 1st call being at 19:15 hours and 2nd call at 19:30 hours, under the following:

AGENDA

1. Approval of the Accounts, Annual Report, Balance Sheet and the Board of Directors’ Management of the last Financial Year.
2. Approval of the Budget for the upcoming Financial Year, including the proposal for the adaptation of quotas.
3. Decision regarding the judicial demands presented by Mr. Jose Maria Nuñez against Athletic Club.
4. Board of directors’ Projects and Proposals.
5. Proposals by Members, having been presented in writing and at least five days prior to the Assembly date, and provided that they have been signed by 10% of Assembly members or 2% of Members with the right to vote.
6. Other Business

Club Secretary, Mónica Durango got the Assembly meeting underway by thanking those in attendance for coming. At 19:30 hours (second call, 375 Associate members were present).

After a minute of silence was observed for members, players and board members who have passed away over the last twelve months, Athletic Club President, Fernando García Macua, explained how the Assembly meeting would evolve, and then went over some important aspects of the current and future running of the club by the Board of directors with regards to sporting issues (young players’ reserve and premier team), economic issues (quota hikes, budgets ) and institutional issues (gathering of signatures, Golden Parachute contracts, Geuria Forum) as well as the Athletic Club Foundation.

Afterwards, Board member Juan Antonio Zarate analyzed the closure of the last financial year and the Board of directors’ proposed budget for the upcoming financial year.

1. Approval of the Accounts, Annual Report, Balance Sheet and the Board of Directors’ Management of the last Financial Year.

Yes: 415 (62.4%)
No: 212 (31.87%)
Blank: 23 (3.45%)
Void: 15 (2.25%)

2. Approval of the Budget for the upcoming Financial Year, including the proposal for the adaptation of quotas.

Yes: 266 (39.93%)
No: 373 (56%)
Blank: 18 (2.70%)
Void: 9 (1.35%)


3. Decision regarding the judicial demands presented by Mr. Jose Maria Nuñez against Athletic Club.

Yes: 94 (14.61%)
No: 367 (57.07%)
Blank: 159 (24.72%)
Void: 23 (3.57%)