wonderful work of the dedicated faculty at KSU. A written report was also provided to the board.

Action: Motion was made by Regent Henry and seconded by Regent Whitehead to approve tenure and/or promotion to the individuals below:

Tenure:

1. Andrew Martin, Math/Science
2. Mara Merlino, Behavioral Sciences (Early Tenure)

Promotion:

1. Albert Assibey-Mensah, Promotion to Professor (Business Administration)
2. Hunt Butler, Promotion to Professor (Fine Arts)
3. Barry Johnson, Promotion to Professor (Fine Arts)
4. Andrew Martin, Promotion to Associate Professor (Math/Science)
5. Mara Merlino, Promotion to Associate Professor (Behavioral Sciences)
6. James Obielodan, Promotion to Professor (Business Administration)
7. Helen Smith, Promotion to Associate Professor (Literature, Languages and Philosophy)

The motion passed 9-0.

Action: Motion was made by Regent Lysonge and seconded by Regent Williams to confer the appropriate degrees upon students who have completed degree requirements and are eligible to graduate on May 11, 2013. The motion passed 9-0.

Action: Motion was made by Regent Henry and seconded by Regent Whitehead to confer honorary degrees to Dr. Anne Butler (posthumously) and Mr. Travis Grant at the Commencement Convocation on May 11, 2013. The motion passed 9-0.

Finance and Administration:

Regent Henry presented the Finance and Administration report. Regent Henry updated the board regarding the budget vs. actual. He also informed the board that tuition and fees were below expectations at this time, though management has identified areas to deal with the revenue shortfall. The budget for 2013-14 will be balanced. KSU employees will receive a 2.0% salary increase.

Regent Henry stated that there would be an increase in next year's tuition by 2.9% and a 3.4% increase in the board rate.

Regent Henry stated that health insurance benefit fairs are currently being held for employees and that the cost of healthcare was flat.

The board was presented with the university's financial plan.