[ { "page": 1, "items": [ { "page": 1, "type": "TITLE", "location": { "l": 157.92, "t": 720.48, "r": 452.64, "b": 695.04 }, "text": "KENTUCKY STATE UNIVERSITY BOARD OF REGENTS\nSPECIAL MEETING", "reading_order": 0, "level": 1 }, { "page": 1, "type": "TITLE", "location": { "l": 148.32, "t": 678.48, "r": 462.48, "b": 625.68 }, "text": "*** Meeting Was Conducted in Person and by Teleconference ***\nMonday, June 24, 2024\n2:00 p.m. EDT", "reading_order": 1, "level": 1 }, { "page": 1, "type": "TITLE", "location": { "l": 172.08, "t": 612.96, "r": 438.72, "b": 545.52 }, "text": "Board of Regents Room\nJulian M. Carroll Academic Services Building, 2nd Floor\n400 East Main Street\nFrankfort, Kentucky 40601\n(Primary Physical Location)", "reading_order": 2, "level": 1 }, { "page": 1, "type": "TEXT", "location": { "l": 255.84, "t": 532.8, "r": 356.88, "b": 509.76 }, "text": "MINUTES\n*****", "reading_order": 3 }, { "page": 1, "type": "TITLE", "location": { "l": 69.36, "t": 483.84, "r": 174.72, "b": 471.36 }, "text": "I. Call To Order", "reading_order": 4, "level": 2 }, { "page": 1, "type": "TEXT", "location": { "l": 104.4, "t": 461.52, "r": 458.64, "b": 448.56 }, "text": "The Board's Chair, Regent Tammi Dukes, called the meeting to order at 2:02 p.m.", "reading_order": 5 }, { "page": 1, "type": "TITLE", "location": { "l": 69.84, "t": 439.92, "r": 149.76, "b": 427.68 }, "text": "II. Roll Call", "reading_order": 6, "level": 2 }, { "page": 1, "type": "TEXT", "location": { "l": 105.84, "t": 416.88, "r": 338.4, "b": 404.4 }, "text": "The Board's Secretary, Zachary Atwell, called the roll:", "reading_order": 7 }, { "page": 1, "type": "TEXT", "location": { "l": 106.32, "t": 395.76, "r": 358.56, "b": 383.28 }, "text": "Regent Tammi Dukes, Chair Present", "reading_order": 8 }, { "page": 1, "type": "TEXT", "location": { "l": 106.56, "t": 381.84, "r": 358.08, "b": 370.08 }, "text": "Regent Michael Adams, Jr., Vice Chair Present", "reading_order": 9 }, { "page": 1, "type": "TEXT", "location": { "l": 106.56, "t": 368.4, "r": 358.8, "b": 356.64 }, "text": "Regent Edward Fields Present", "reading_order": 10 }, { "page": 1, "type": "TEXT", "location": { "l": 106.56, "t": 355.44, "r": 358.32, "b": 343.68 }, "text": "Regent Ernie Fletcher, MD Present", "reading_order": 11 }, { "page": 1, "type": "TEXT", "location": { "l": 106.32, "t": 342.24, "r": 359.28, "b": 330 }, "text": "Regent Edward Hatchett, Esq. Present", "reading_order": 12 }, { "page": 1, "type": "TEXT", "location": { "l": 106.08, "t": 328.32, "r": 377.04, "b": 316.32 }, "text": "Regent Jason Moseley Not Present", "reading_order": 13 }, { "page": 1, "type": "TEXT", "location": { "l": 106.32, "t": 315.6, "r": 359.04, "b": 303.12 }, "text": "Regent Charles Moyer, PhD Present", "reading_order": 14 }, { "page": 1, "type": "TEXT", "location": { "l": 106.32, "t": 302.16, "r": 358.08, "b": 290.4 }, "text": "Regent Robert Ramsey, Sr. Present", "reading_order": 15 }, { "page": 1, "type": "TEXT", "location": { "l": 106.56, "t": 288.48, "r": 358.32, "b": 276.48 }, "text": "Regent Herman Walston, EdD Present", "reading_order": 16 }, { "page": 1, "type": "TEXT", "location": { "l": 106.08, "t": 275.28, "r": 357.6, "b": 261.84 }, "text": "Regent Savion Briggs Present", "reading_order": 17 }, { "page": 1, "type": "TEXT", "location": { "l": 105.6, "t": 248.88, "r": 522, "b": 235.92 }, "text": "Nine (9) Regents were in attendance and present at roll call. A quorum was therefore established.", "reading_order": 18 }, { "page": 1, "type": "TITLE", "location": { "l": 69.84, "t": 227.28, "r": 219.36, "b": 214.56 }, "text": "III. Approval of the Agenda", "reading_order": 19, "level": 2 }, { "page": 1, "type": "TEXT", "location": { "l": 105.6, "t": 206.16, "r": 239.28, "b": 193.92 }, "text": "MOTION by Regent Adams:", "reading_order": 20 }, { "page": 1, "type": "TEXT", "location": { "l": 104.4, "t": 192.48, "r": 540.96, "b": 166.32 }, "text": "Move the Board to approve the agenda of the June 24, 2024, special meeting of the Board of Regents. Seconded by Regent Fields and passed without dissent.", "reading_order": 21 }, { "page": 1, "type": "TITLE", "location": { "l": 69.84, "t": 157.68, "r": 170.16, "b": 145.68 }, "text": "IV. Action Items", "reading_order": 22, "level": 2 }, { "page": 1, "type": "TITLE", "location": { "l": 104.88, "t": 131.28, "r": 455.04, "b": 118.08 }, "text": "A. Approval of Revisions to Endowment Investment and Spending Policy", "reading_order": 23, "level": 2 }, { "page": 1, "type": "TEXT", "location": { "l": 123.12, "t": 104.4, "r": 541.92, "b": 78.96 }, "text": "This agenda item was presented by Mr. Michael DeCourcy, Interim VP, Institutional Advancement and External Relations.", "reading_order": 24 } ] }, { "page": 2, "items": [ { "page": 2, "type": "TEXT", "location": { "l": 123.12, "t": 720, "r": 541.2, "b": 693.6 }, "text": "Regent Walston sought clarification as to the endowed chair position and whether any revisions were made to it.", "reading_order": 0 }, { "page": 2, "type": "TEXT", "location": { "l": 123.36, "t": 679.44, "r": 540.72, "b": 666 }, "text": "Regent Fields asked whether the management fee would be used to pay the investment company.", "reading_order": 1 }, { "page": 2, "type": "TEXT", "location": { "l": 123.36, "t": 653.28, "r": 490.32, "b": 639.36 }, "text": "Regent Ramsey sought clarification regarding the annual spending distribution policy.", "reading_order": 2 }, { "page": 2, "type": "TITLE", "location": { "l": 123.6, "t": 631.92, "r": 264.48, "b": 619.68 }, "text": "MOTION by Regent Hatchett:", "reading_order": 3, "level": 2 }, { "page": 2, "type": "TEXT", "location": { "l": 122.88, "t": 618, "r": 528.72, "b": 591.36 }, "text": "Move the Board to approve the revisions to the Endowment Investment and Spending Policy. Seconded by Regent Moyer and passed without dissent.", "reading_order": 4 }, { "page": 2, "type": "TITLE", "location": { "l": 105.84, "t": 583.44, "r": 371.28, "b": 570.48 }, "text": "B. Approval of Resolution on the KSU Foundation, Inc.", "reading_order": 5, "level": 2 }, { "page": 2, "type": "TEXT", "location": { "l": 122.64, "t": 562.08, "r": 541.92, "b": 522 }, "text": "Prior to VP DeCourcy’s presentation of this agenda item, Regent Moyer offered remarks regarding the timeline and gravity of the matter between the University and the KSU Foundation. Chair Dukes and President Akakpo provided additional perspective to Mr. DeCourcy’s presentation.", "reading_order": 6 }, { "page": 2, "type": "TEXT", "location": { "l": 123.36, "t": 514.08, "r": 541.92, "b": 487.44 }, "text": "Regent Walston inquired as to the time frame for resolving the situation and potential consequences should it not be resolved.", "reading_order": 7 }, { "page": 2, "type": "TEXT", "location": { "l": 123.6, "t": 479.52, "r": 426.96, "b": 465.84 }, "text": "Regent Fields asked why the Foundation rejected the proposed MOU.", "reading_order": 8 }, { "page": 2, "type": "TEXT", "location": { "l": 123.36, "t": 457.92, "r": 541.92, "b": 417.84 }, "text": "Regent Fletcher wondered how cooperative the Foundation was likely to be in returning KSU funds upon President Akakpo’s request and further inquired as to the amount of restricted funds that the Foundation currently holds on behalf of the University.", "reading_order": 9 }, { "page": 2, "type": "TITLE", "location": { "l": 123.6, "t": 410.64, "r": 255.12, "b": 397.68 }, "text": "MOTION by Regent Moyer:", "reading_order": 10, "level": 2 }, { "page": 2, "type": "TEXT", "location": { "l": 122.88, "t": 396.96, "r": 541.44, "b": 330 }, "text": "Move the Board to approve the resolution on the KSU Foundation, Inc., giving notice to the KSU Foundation that the University wishes to terminate the existing MOU under the terms of that MOU and thereby dissolving the relationship between the University and the Foundation, and granting President Akakpo the authority to oversee the return of all KSU assets.\n\nSeconded by Regent Fletcher and passed without dissent.", "reading_order": 11 }, { "page": 2, "type": "TITLE", "location": { "l": 105.6, "t": 321.84, "r": 296.16, "b": 308.64 }, "text": "C. Approval of VP-Level Appointments", "reading_order": 12, "level": 2 }, { "page": 2, "type": "TEXT", "location": { "l": 123.36, "t": 294.96, "r": 498.96, "b": 281.76 }, "text": "This agenda item was presented by Ms. Candace Raglin, Director of Human Resources.", "reading_order": 13 }, { "page": 2, "type": "TEXT", "location": { "l": 122.64, "t": 268.56, "r": 541.92, "b": 201.6 }, "text": "Director Raglin advised the Board that President Akakpo and the appropriate selection committees had recommended the appointment of Michael DeCourcy as Vice President for Institutional Advancement & External Relations and the appointment of Dr. Wendy Dixie as the Vice President for Information Technology and Special Assistant to the President. Director Raglin also shared the salaries for those positions.", "reading_order": 14 }, { "page": 2, "type": "TEXT", "location": { "l": 123.36, "t": 188.16, "r": 490.56, "b": 174.96 }, "text": "Regent Walston asked for more information concerning the salaries for the positions.", "reading_order": 15 }, { "page": 2, "type": "TEXT", "location": { "l": 123.6, "t": 167.04, "r": 252.48, "b": 154.8 }, "text": "MOTION by Regent Fields:", "reading_order": 16 }, { "page": 2, "type": "TEXT", "location": { "l": 123.36, "t": 153.36, "r": 364.56, "b": 140.88 }, "text": "Move the Board to approve the VP-level appointments.", "reading_order": 17 }, { "page": 2, "type": "TEXT", "location": { "l": 123.36, "t": 139.44, "r": 366.24, "b": 126.96 }, "text": "Seconded by Regent Adams and passed without dissent.", "reading_order": 18 }, { "page": 2, "type": "TITLE", "location": { "l": 69.84, "t": 119.04, "r": 171.36, "b": 106.32 }, "text": "V. Adjournment", "reading_order": 19, "level": 2 }, { "page": 2, "type": "TEXT", "location": { "l": 105.84, "t": 97.44, "r": 244.32, "b": 85.2 }, "text": "MOTION by Regent Walston:", "reading_order": 20 }, { "page": 2, "type": "TEXT", "location": { "l": 106.32, "t": 83.52, "r": 228, "b": 71.52 }, "text": "Move the Board to adjourn.", "reading_order": 21 } ] }, { "page": 3, "items": [ { "page": 3, "type": "TEXT", "location": { "l": 105.84, "t": 720.24, "r": 343.2, "b": 705.84 }, "text": "Seconded by Regent Fields and passed without dissent.", "reading_order": 0 }, { "page": 3, "type": "TEXT", "location": { "l": 105.6, "t": 693.84, "r": 277.2, "b": 678.96 }, "text": "The meeting was adjourned at 2:48p.m.", "reading_order": 1 } ] } ]