Professional Rodeo Cowboy Association (PRCA) MEMBERSHIP OVERWHELMINGLY REJECTS PROPOSED RESTRUCTURING

By Courtesy PRCA
Posted Monday, September 29, 2008

COLORADO SPRINGS — The Professional Rodeo Cowboys Association (PRCA) announced today that its members overwhelmingly voted down a proposal to restructure the PRCA.

The voting, which was presided over by an objective Special Master, took place at a special membership meeting this morning in Colorado Springs. The purpose of the meeting was to consider proposed changes to the PRCA bylaws, put forth by a dissident member who sought to fundamentally restructure the PRCA and create a direct majority rule system. The member sued the PRCA in an attempt to force his changes and the Court gave him the opportunity to hold the meeting.

Both Resolutions were squarely rejected by the membership. Resolution No. 1 was voted down 1,990 to 449, with 10 abstentions.

For Resolution No. 2 the votes were counted by membership category. Every category of membership voted down the proposed Resolutions as detailed below.

Contestants 1,055 Against Resolution No. 2
415 For Resolution No. 2
14 Abstain
Committees 337 Against Resolution No. 2
3 For Resolution No. 2
1 Abstain
Stock Contractors 66 Against Resolution No. 2
2 For Resolution No. 2
0 Abstain
Contract Personnel 538 Against Resolution No. 2
27 For Resolution No. 2
2 Abstain
“I am extremely pleased that this distraction is now behind us and we can get on with the exciting business of growing our sport and our organization for the benefit of our members,” said PRCA Board Chairman Keith Martin. “I want to thank all the members who stepped up and supported the PRCA during this proxy battle.”

“This brings to a close an unsettled chapter in our organization’s history. I am excited to be a part of the future of the PRCA and look forward to working with all members to continue to grow our great sport,” said Karl Stressman, newly appointed Interim CEO of the PRCA.

The full report of the Special Master and additional information are available at www.supportthePRCA.org. The Special Master has reserved the right to release a subsequent finalized report, but such report will include only minor corrections, if necessary, and will not change the outcome of the proceedings.