This year, Victory Electric’s 75th Annual Meeting will be held at the Western State Bank Expo Center in Dodge City on Thursday, August 13, with registration beginning at 5:30 p.m., and the business meeting at 6 p.m. It will be an abbreviated business meeting lasting no more than 30 minutes to ensure the health and safety of all in attendance. We will be practicing social distancing. Please bring the registration card you receive in the mail to the meeting for express registration and for a registration gift. Only the members in attendance who hold an active cooperative membership will receive the registration gift. No meal will be provided.
In accordance with Victory Electric’s bylaws, each year the cooperative holds a meeting of the members to communicate the cooperative’s activities and financial status for the past year. The purpose of the annual meeting will be to approve the minutes of the last annual meeting, review the financial report for the past fiscal year, announce trustee election results, discuss and vote on bylaw changes, and discuss any and all matters properly brought before the meeting.
Purchasing electric power from Victory Electric gives you membership in the cooperative and, as a member, you have voting rights. Your participation is a fundamental power that flows from you to your electric cooperative. You have the power to discuss issues with friends and neighbors and elect your board representation. That democratic right – which includes one vote by every cooperative member – is one of several important differences between electric cooperatives and investor-owned electric utilities. This is your opportunity to have a voice in the business affairs of the cooperative, the business you own.
The annual report is available in English and Spanish for members to download and view in PDF format. For those members residing in board district up for election in 2020, the election mailer, complete with trustee candidate profiles, is also available to download and view.
Proposed Bylaw Change
The proposed bylaw changes are available for members to download and view in PDF format. Voting on the bylaw change will take place at the annual meeting.
The board of trustees periodically reviews bylaw provisions to improve the cooperative’s operations and governance. With the 2019 retirement of capital credits, the board realized the need for a bylaw change to clarify the language pertaining to capital credits. When considering a capital credit retirement, the board of trustees evaluates the financial condition and health of the cooperative to ensure a retirement will not impair the cooperative. The proposed bylaw changes are aimed at giving the board of trustees (a) clarification on how to handle a financial loss and the ability to prescribe the accounting procedures to address such loss, (b) the flexibility to make decisions regarding the retention or distribution of non-operating margins, and (c) the manner and method to which capital credits are retired.
We look forward to seeing you at the 75th annual meeting on Thursday, August 13!