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SECO Energy Celebrates 83rd Annual Meeting Virtually

SECO Energy celebrated its “Just Business” 83rd Annual Meeting of the Membership on Thursday, March 25. Because of the continuing COVID-cautious environment and the need to limit large gatherings, the not-for-profit cooperative held the Just Business Meeting virtually.

 

Members tuned in via Facebook live, YouTube and live stream to watch the cooperative’s second virtual Annual Meeting. Board President and District 4 Trustee Richard Dennison called the Meeting to order and closed the voting platform at 4:30 p.m. SECO’s VP of Corporate Communications and Energy Services Kathryn Gloria led the invocation and asked the virtual audience to join her in the Pledge of Allegiance and the National Anthem. Ms. Gloria introduced the Trustees and welcomed District 9 Trustee-elect Morgan Hatfield, who began her duties at the Trustees’ Meeting on Monday, March 29. Ms. Gloria also introduced CEO Jim Duncan, Cooperative Attorney Scott Gerken and Executive Administrator to the CEO and Board Nora Brown, who served as Recording Secretary during the Meeting. Board Secretary/Treasurer and District 3 Trustee Gerald Anderson certified the Official Annual Meeting Notice that was mailed to all cooperative members per the terms of the Bylaws.

 

Mr. Dennison began his President’s Report by welcoming the virtual audience. He thanked the members who voted electronically, in person, by phone or by mail, and announced that SECO achieved a quorum by virtue of votes cast on Annual Meeting business. Mr. Dennison stated, “Florida cooperatives are required by statute to hold an Annual Meeting and must achieve a quorum to conduct official business. I am happy to announce that member voting participation has indeed helped us achieve a quorum this year. Thank you so much to all who cast a vote this year.”

 

Following the President’s Report, CEO Jim Duncan began his CEO Report. Mr. Duncan welcomed the virtual audience, performed the traditional military salute and first responders’ recognition. He acknowledged the Board of Trustees’ service and employees’ hard work and dedication to members.

 

Mr. Duncan also formally announced his plan to retire as CEO. Duncan stated, “Today is bittersweet for me. Earlier this year, I conveyed to the Board my plan to retire from SECO Energy in January 2022. That making the 83rd Annual Meeting my last as CEO. The decision to retire was a difficult and emotional one. My wife Connie and I have been married for 53 years, and we are looking forward to more vacations, scuba diving and family time with our sons and grandchildren.”

 

CEO Duncan’s state of the company address included an overview of his 42-year SECO career, the cooperative’s financial health, significant meter growth and reliability improvements during his tenure as CEO. Duncan stated, “Much has changed during my three decades as CEO. If you’ve been a member for decades, you may remember the days when our unflattering but true moniker ‘Sometimes Sumter’ was coined. Not only was our reliability marginal, but our rates were also some of the highest in the state. During my tenure as CEO, we dramatically improved service reliability through increased investments in our electric infrastructure and a strengthened vegetation management program.”

 

Cooperative Attorney Scott Gerken certified the 2021 Annual Meeting voting results. In total, 4,576 members voted on 2021 Annual Meeting business. As to the 2021 Bylaws Revision: 4,263 members voted “Yes,” 93 members voted “No,” and 220 members abstained. As to the 2020 Annual Meeting Minutes approval: 4,368 members voted “Yes,” 7 members voted “No,” and 201 members abstained. Mr. Gerken announced, “The membership clearly approves the 2021 Bylaws Revision and 2020 Annual Meeting Minutes.”

 

SECO Energy established a special phone number, email address and social media presence for the Virtual Annual Meeting. A panel of SECO employees interacted with members who posed questions and comments that were read and answered during the meeting by CEO Jim Duncan.

 

Mr. Duncan concluded the Virtual Annual Meeting by saying, “I appreciate you joining us and participating in the cooperative governance process.” He reminded members to stay tuned for the live prize drawing.

 

The meeting ended with the announcement of prize winners. All members who voted were entered into the random drawing for 100 prizes. Russell Rager from Tavares won the 2011 GMC Canyon 4X4 Extended Cab. A commercial member under The Stardust Collection account from Lake Panasoffkee won the golf cart that was provided at cost by The Villages Golf Cars. The four $1,000 winners are James Wilson from The Villages, Christine Hankla from The Villages, Kenneth A. Merritt from Center Hill and Leonard J. George from The Villages. Other prizes including Apple TVs, Instapots, toolsets, Amazon Fire tablets and airfryers will be shipped directly to winners. SECO will arrange for delivery of grand prizes. View the complete list of prize winners.

 

“Like” SECO’s Facebook page and “follow” @SECOEnergy on Twitter for news releases and cooperative updates. If you missed the virtual meeting, visit SECOEnergy.com>Your Co-op>Annual Meeting to view the video.

SECO Energy Hosts Record-breaking Crowd at 80th Annual Meeting

SECO Energy welcomed a record-breaking crowd to its 80th Annual Meeting of the Membership on Saturday, March 24. Attendance reached into the thousands as members, employees and VIP guests were treated to breakfast, live entertainment, gifts and more. Members voted overwhelmingly in favor of SECO’s Board-recommended Bylaws revision.

 

Over 6,700 registered members, guests, vendors, first responders, employees and VIPs attended, an increase of almost 1,000 guests from last year. Parking nearly reached capacity at just under 3,000 vehicles. A new exit plan and the addition of overflow parking with motor coach service to/from SECO’s headquarters parking area allowed SECO members and guests to exit the event in just 48 minutes.

 

Daryl Lanker, president of Dixie Lime & Stone and Bedrock Resources, which are two of SECO’s large-load accounts, arrived via helicopter after flying over the Annual Meeting space and graciously taking aerial photos of the crowd. Attendees were served an abundance of food and drinks including 8,250 breakfast biscuits served by Mojo Grill & Catering out of Ocala. Members and guests snacked on 22,000 oatmeal raisin and chocolate chip cookies and 15,600 Krispy Kreme doughnuts. During the chilly morning, attendees sipped down 5,300 cups of coffee. As temps warmed, 4,344 cans of soda and 6,294 bottles of water were consumed.

 

All registered members received a copy of SECO’s 2017 Annual Report, a thermal zip-up picnic blanket and an LED provided by SECO’s wholesale power provider Seminole Electric Cooperative. Three grand prizes included $1,500 in cash, a 2009 Chevy Colorado and a 2015 Club Car Precedent electric golf cart provided by Ocala Golf Cart at a significant discount. Additional door prizes included iPads, Nest thermostats, gift cards, Apple TV devices, various upscale electronics, two $500 cash prizes and a $1,000 cash prize.

 

Grand prize winner Darrell Clark of Leesburg won the 2009 Chevy Colorado; The Villages’ Laura Pfafman won the electric golf cart and Richard McHie took home the $1,500 cash prize. Bushnell’s Marcia Sanborn won the $1,000 cash prize. Marlene Garner from Leesburg and Ramindarjit Walia from The Villages both won $500. Steven Underwood from Ocala won the drawing for the $300 bill credit for posting a photo on SECO’s Facebook page during the Annual Meeting. Umatilla’s Barbara Nichols won the $300 bill credit drawing for her online RSVP and attendance. Cindy DesVoignes from Webster was the winner of the patriotic picnic set drawing from hundreds who pledged support of COPA (Co-op Owners for Political Action).

 

President & District 5 Trustee Ray Vick called the business meeting to order before delivering his annual President’s Report. Vick detailed 2017’s Board-approved Capital Credits retirement of $5.4 million and asked members to consider rounding-up their bills to donate the extra change to SECO’s Pennies from Heaven program. Vick stated, “Imagine how much good we could do for our members in need if each and every one of our 201,000 members joined Pennies from Heaven.” The average round up is about $6 annually, but collectively the pennies donated make a difference in the lives of many SECO members.

 

CEO Jim Duncan took the stage to provide a Cooperative update. Duncan shared SECO’s 2017 successes including a third J.D. Power award for highest in customer satisfaction among cooperatives, an American Customer Satisfaction Index (ACSI) score of 88, a “Best of the Best” award from the Ocala Star Banner’s Readers’ Choice Awards, a Marion County United Way Outstanding Partner and the 2017 Large Business of the Year in Sumter County.

 

Duncan addressed the crowd stating, “We are proud of these awards and aren’t shy showing them off because the rankings come from you – our members. Since 1938, SECO’s roots have been firmly planted in Central Florida. Those roots, along with our employees’ dedication to member satisfaction and hard work, are the cooperative difference.”

 

Before inviting corporate attorney Lewis Stone to the podium to facilitate the Bylaws revision vote, Duncan summarized the revision reasons. Stone lead the vote and answered members’ questions. Members passed the Bylaws revision with little to no opposition.

 

Members unable to attend Saturday’s Annual Meeting can view video from the event on SECOEnergy.com, Facebook, Twitter and YouTube next week. Members who want to join the Pennies from Heaven program can enroll online.

 

“Like” SECO’s Facebook page and “follow” @SECOEnergy on Twitter for news releases and cooperative updates.

SECO News, February 2018

Members, mark your calendar and plan to attend SECO Energy’s 80th Annual Meeting of the Membership on Saturday, March 24, where we will celebrate hitting our 200,000 meter milestone. I hope you’ll come celebrate with us.

February 2018 Duncan's Digest

 

The event is centrally located at our Sumterville Compound at 293 S. Highway 301. Registration opens at 8 a.m., and the business meeting including my CEO Report begins at 10:30 a.m. Watch for your official Annual Meeting Notice enclosed with your bill between February 8 and March 9.

 

SECO’s Annual Meeting is the liveliest party in town – it’s a downright shindig! Arrive hungry; we’re serving hot breakfast sandwiches, doughnuts, cookies, coffee and sodas. Registered members receive a special SECO gift and a copy of our 2017 Annual Report. Browse energy efficiency displays in the Energy Showcase and visit with our energy partners and SECO employees. Enjoy live entertainment by Margo Rochelle and Rodeo Drive Band. Meet the Board of Trustees – your fellow members who you elect to oversee the cooperative’s governance.

 

Our Annual Meeting celebrates you – our member. SECO is a not-for-profit electric cooperative operating for the benefit of and owned by members. SECO does not share dividends with stockholders or investors. Instead, and per the requirements of our business model and Bylaws, our margins are allocated to members themselves, used as equity for the financial health of the cooperative and returned/retired to the members upon Board of Trustee approval. Since inception, we have retired more than $57.8 million back into your pockets. It’s the “cooperative difference” in action.

 

New this year, we’ve developed an RSVP process to project member attendance for food and gift ordering. Let us know you are coming.  Members who RSVP online and attend the meeting are entered in a drawing for a $300 bill credit.

Save the Date

 

Those members without internet access can complete the perforated slip attached to the Annual Meeting notice and enclose with the bill payment – or give us a call at (352) 793-3801 and tell us how many will be in the party. Keep in mind members still must register upon arrival to receive door prize and gift tickets.

 

This year, the Annual Meeting agenda includes a member vote of a Board-recommended revision to SECO’s Bylaws. Look for a copy of the revision in your billing statement that includes the Annual Meeting Notice. A copy will also be included in your SECO gift bag on Annual Meeting day. Before asking for your vote, we will provide an overview of the changes during the business meeting.

 

Also on the agenda is the all-time member favorite – drawing for door prizes. Grand prizes include a truck and a golf cart – each valued at about $5,000 and $1,500 in cash.

 

Other prizes include $1,000 in cash, two $500 cash prizes and two $300 bill credits. More door prizes (like iPads and gift cards) are available too, many of which are donated by local vendors and businesses that are also SECO members. The prize drawing begins after the business meeting and Bylaws vote.

Door Prizes at the SECO Annual Meeting Feb SECO News 2018

 

There is ample parking, including disabled parking and shuttle service. If you require disabled parking, please have your disabled parking permit displayed prominently on your mirror as you enter the parking area. Employees will guide you to parking and shuttles.

 

Your official Annual Meeting Notice will arrive in your February or March billing statement. There is no need to bring the notice to the meeting. Just bring a copy of your bill and photo ID. Registration lines move quickly with our electronic check-in process when you have your bill and identification.

 

Join me, your fellow cooperative members and neighbors, SECO’s Board of Trustees and our employees for the 2018 Annual Meeting of the Membership.

 

I’m looking forward to seeing each of you.

 

Sincerely,

 

Jim Duncan

Chief Executive Officer

 

Read the full February 2018 SECO News online.