Draft Bylaws ballot language for director compensation, Resolution 2026-07:

BYLAWS AMENDMENT – Changes to Director Compensation

The purpose of this Amendment is to adjust Director compensation to compensate for market and inflationary changes, to streamline the compensation structure for ease of implementation, and related changes. The proposed changes would amend and restate the following section of the Bylaws as described in the Annual Meeting Notice: Article IV, Board members. Section 7.

Draft Bylaws ballot language for capital credits, Unanimous Consent Resolution 2026-11:

            BYLAWS AMENDMENT – Changes to Treatment of Cooperative’s Capital Credit Procedures Related to Grant Funds

The purpose of this Amendment is to address the treatment of grant funds and the effect these funds have on the Cooperative’s capital credit procedures, to establish a structure for the equitable treatment of such funds for purposes of capital credits, and related changes. The Amendment is designed to avoid negative impacts on members’ credits during years when the grant funds are received and tax depreciation taken on the underlying assets. The proposed changes would amend and restate the following section of the Bylaws as described in the Annual Meeting Notice: Article VII, Non-Profit Operation, Section 2, Patronage Capital in Connection with Furnishing Telephone or Telecommunication and Cooperative Services; the proposed changes would add a new section to the Bylaws as described in the Annual Meeting Notice: Article VII, Non-Profit Operation, Section 3, Grant-Funded Capital Credit Account.