I expect that the NRA Board meeting today will be entirely in Executive Session, with only board members and need-to-know staff in attendance due to the TX Bankruptcy case and the NY AG case, so I will not be there.
Rob Pincus posted an article on Save the Second that outlines the potential actions.
I think the major item will be getting the board to actually vote to authorize the bankruptcy filing.
NRA Board member and sitting judge Phil Journey filed to intervene in the Bankruptcy proceedings to have an Examiner Appointed. This article in the Wichita Eagle sums his position up nicely, “In direct violation of its own bylaws, the NRA did not disclose to the board of directors its intent to seek Chapter 11 relief.” There is a Bankruptcy hearing that was postponed until tomorrow that will address whether the Bankruptcy proceedings can move forward.
This move by Journey is critical as it is the first public move by a sitting board member to actually exercise their fiduciary duty and provide long overdue oversight of management in particular the actions of EVP Wayne LaPierrre. Rocky Marshall, the most recently elected board member, installed as a replacement to Duane Liptak of Magpul who resigned earlier this year, also is taking his role seriously and is asking the tough questions that have gone unaddressed by the board and management.
I applaud Phil Journey and Rocky Marshall’s efforts and will join them in forcing transparency and accountability of Wayne, and the Executive Council and the Executive Committee if elected to the NRA Board.
Please share this with NRA members who are interested in reforming the NRA and ask them to subscribe. I will need 70,000 NRA voting members to write me in on the ballot to get on the board. I will have more details on the voting process as the ballots are expected out starting in April.
Thank you for your support.