Board Meeting Minutes Summary

Executive Staff Meeting Summary (Abbreviated Minutes)
July 28, 2003

Meeting called to order at 9:00 a.m. by Vernon M. Danielsen.

Present: Present: Esther Vassar, Curtis Coleburn, Ron Layne, Virginia Adams, Chris Curtis, Janet Lawson, Whitney Miller, Nancy Murphy, Robert O'Neal, Craig Vanderland and Jay Stargardt

Absent: Warren Barry, Bob Southall, John Wszelaki and Becky Gettings

Approval of the minutes of the July 14, 2003 Executive Staff and Board meeting was postponed until the re-convening of the Board at 2:30 p.m.

New Business:
The following Board Actions were postponed until the reconvening of the Board at 2:30 p.m.

Approval (for the record) to renew the Lease (Store #335 - York County)
Approval (for the record) to open a new store (# 092 - Hampton)
Approval (for the record) to open a new store (#311 - Portsmouth)
Approval (for the record) to establish a new Wholesale/Retail position (Store Manager for Bristol 058)
Approval (for the record) to establish a new Human Resources position (Benefit Analyst - #01076) - Vernon Danielsen

Acknowledging that there was no further business at this time, the meeting was recessed at 10:15 a.m. to be reconvened at 2:30 p.m.

Re-Convening of the Meeting of the Board
July 28, 2003

Meeting called to order at 2:30 p.m. by Vernon M. Danielsen.

Attendees: Vernon Danielsen, Esther Vassar, Warren Barry, Janet Lawson, Robert O'Neal and Jay Stargardt

Senator Barry moved. Ms. Vassar seconded and by a unanimous vote, the following Board actions were passed.

Approval of July 14, 2003 Minutes
Renew the Lease (#335 - York County)
Open a new store (# 092 - Hampton)
Open a new store (#311 - Portsmouth
Establish a new Wholesale/Retail position (Store Manager for Bristol 058)
Ms. Vassar moved, Senator Barry seconded and by a unanimous vote, the Board approved a 10% in-band payroll adjustment for a member of the staff.

The meeting was adjourned at 4:00 p.m.