The regular meeting of the Board of Trustees of Clay Electric Co-operative, Inc. (CECI) was held at the Clay Electric Co-operative Headquarters, Flora, Ill., beginning at 7 p.m. on Tuesday, May 26, 2026.

Trustees present were Bob Pierson, Neil Gould, Bill Croy, Frank Czyzewski, Richard Rudolphi, Evan Smith, Kevin Logan, Frank Herman and Josh Schnepper. Also present were CEO Matt Conklin and Attorney for the Board Tyra Cycholl. The meeting was opened by Bob Pierson, who presided, and Neil Gould acted as secretary thereof. 

The invocation was given by Bill Croy and was followed by the Pledge of Allegiance.

The following proceedings were had [all action being first duly moved and seconded, and all action taken being upon the unanimous vote of the Board or without dissenting vote of abstention unless otherwise stated]:

Motion by E. Smith and seconded by B. Croy to approve the suggested Agenda as presented.

APPROVED, the Suggested Agenda.

HEARD, the Manager’s Report on Safety including:

• The Monthly Safety Report;
• Monday Morning Safety meeting held May 26, 2026.

Motion by K. Logan and seconded by N. Gould to approve the Consent Agenda as presented.

APPROVED, the Consent Agenda including the following:

• APPROVED, the prior meeting minutes;
• APPROVED, (a) to admit to membership those applicants connected for service since the last such review by the board, and (b) cancel those former members shown on the Manager’s Report since the last such review by the Board, said members no longer taking service.

REVIEWED, the Consent Agenda including the following:

• REVIEWED, the Work Orders;
• REVIEWED, the Disbursements;
• REVIEWED, the Credit Card Statements;
• REVIEWED, the Attorney Retainer;
• REVIEWED, the Account Summary Report.

Motion by F. Herman and seconded by R. Rudolphi for the retirement of capital credits for an estate.

APPROVED, the Retirement of Capital Credits for the Estate.

Motion by J. Schnepper and seconded by F. Czyzewski to enter into executive session to discuss SIPC.

APPROVED, entering into Executive Session at 7:07 p.m.

Motion by N. Gould and seconded by F. Herman to exit executive session and to return to general session.

APPROVED, exiting Executive Session at 7:25 p.m.

Motion by E. Smith and seconded by B. Croy regarding approval of Policy 600-3 update. Discussed the reasoning behind the updates to Policy 600-3.

APPROVED, updates to Policy 600-3.

WERE UPDATED, on Meridian Merger.

WERE INFORMED, the CFC Quarterly Loan Payment was made.

WERE UPDATED, on NRECA issues from Jim Matheson.

HEARD, a report by Bob Pierson regarding SIPC.

HEARD, a report by Kevin Logan on the AIEC Board Meeting.

REVIEWED, Events and Training including AIEC Annual Meeting and schedule.

Motion by F. Czyzewski and seconded by R. Rudolphi to approve the financial report by Matt Conklin.

HEARD and APPROVED, a financial report by Matt Conklin as to the following:

• Monthly Reconciliation;
• SIPC Power Delivered in March 2026;
• March 2026 Cash Flow;
• Line Loss;
• March 2026 Form 7;
• March 2026 Balance Sheet.

REVIEWED, the Cybersecurity Report by Matt Conklin, CEO.

Motion by K. Logan and seconded by F. Herman to approve the Manager’s Report by Matt Conklin.

HEARD and APPROVED, the Manager’s Report by Matt Conklin on the following topics:

• Mike Winka Retirement;
• PCA Projections;
• New Service from unmapped territory and Norris could not get easement thus we will serve the new member at our cost to build out;
• CRG Act updates;
• Annual Meeting shirts discussion;
• Operations Report;
• Communications Report;
• Upcoming meetings.

DISCUSSED, Mike Winka Retirement.

DISCUSSED, the PCA projections from SIPC.

DISCUSSED, that Norris was unable to get the easements to serve the new member in unmapped territory. Were informed we can get the easements to serve the new member and will work out the cost to build with half paid up front and the other half spread out over five years.

WERE INFORMED, by Matt Conklin of the CRGA updates.

DISCUSSED, Annual Meeting shirts and agreed to get polos this year.

REVIEWED, the Operations Report.

REVIEWED, the Communications Report.

WERE REMINDED, of upcoming meetings on June 22, 2026 at 7 p.m., July 27, 2026, at 7 p.m., Aug. 24, 2026, at 7 p.m., Sept. 28, 2026, at 7 p.m. and the Annual Meeting Aug. 27, 2026, starting at 5:30 p.m.

There being no further business to come before the Board, said meeting was declared adjourned at 8:45 p.m.