Here are highlights from the April 2024 Wheatsfield Board of Directors meeting:

  • The March Mini-Member Drive brought 59 new equity members and 11 new student discount program participants, bringing the total number of co-op members to 7,372.
  • March sales were another record-setter, at 3.79% over March 2023.
  • The Board reviewed guidance from the attorney regarding preferred shares. The Board also reviewed and discussed a draft form for preferred share-holders to transfer their preferred shares to revocable trusts, and will explore outlining the financial parameters within which the board could consider paying-out a class of preferred shares.
  • The Board was shown the latest plans for the 50th Anniversary Block Party on September 14.
  • The Board heard updates regarding management’s work on updating Wheatsfield’s building lease prior to our next lease extension option early next year.
  • The General Manager shared some reflections from the National Cooperative Grocers (NCG) GM meeting, and the board discussed the latest NCG Board Bulletin.