PLCS Board of Directors Conference Call

1
PLCS Board of Directors Conference Call

• Thursday, November 18, 2004
• 1030 AM (USA East Coast - i.e., Charleston, SC
  time)
• Call in Number 1 843 760 4633
• Pass code 0147282

2
Agenda

• 1030 Welcome by Chair
• 1035 Roll Call of Attendees
• Confirmation of Required 2/3 Quorum
• 1040 Remaining Funding
• Proposal for Technical Effort
• Fixed Costs for Close Out Activities
• 1100 Formal Corporate Close Down
• Distribution of Web Library Materials
• Close Out of Sponsor Agreements
• Resolution to Dissolve the Corporation
• 1130 Adjourn

3
Remaining Funding

• Total funds available 88,898
• Proposed use 42,833 Technical Efforts
• Eurostep to address DIS ballot comments
• Available funding will be reduced if a new
  subcontract is required
• Remaining 46,065 Corporate Close Out
• 14,850 Financial Audits
• 4,965 Legal
• 17,028 ATI Labor extended tech and close out
  efforts
• 4,989 ATI GA
• 4,233 Fee

4
Close Down Activities

• Distribution of Web Library Materials
• Each sponsor organization to receive 2 CDs
• CD 1 All public web materials tech library
  files
• CD 2 Same as CD 1 Board private area files
• Close Out of Sponsor Agreements
• Legal activity to formally close agreements
• Financial Audits
• Final financial audits by CPA firm
• Required to shut down the corporation
• Resolution to Dissolve the Corporation
• Requires approval by 2/3 sponsors
• Authorize Board Chair to work with ATI to
  complete financial, legal, filing, and accounting
  activities required to dissolve the Delaware
  corporation following the completion of the
  proposed technical efforts