Notice to Members
Notice No. 30 01/23/2001
Procedures for 2001 Annual Meeting of Stocksholders of NYMEX Holdings, Inc.
On January 30, 2001, the Membership Subcommittee will hold an open meeting at 3:45 p.m. in Boardroom 1012 to accept recommendations of names for proposed nominees for the Board of Directors. At that meeting, stockholders may recommend proposed nominees for each open position. The Board of Directors positions for which nominations will be accepted are: Chairman - 3 Year Term Public Director (2) - 3 Year Term FCM - 3 Year Term Local - 3 Year Term Floor Broker - 3 Year Term Trade - 3 Year Term At-Large - 3 Year Term A stockholder may not recommend more than one candidate per category. Written recommendations by stockholders proposing candidates may be presented prior to or at this meeting. Thereafter, a list of the recommendations of proposed nominees will be compiled and immediately posted. Additional written recommendations by stockholders for proposed nominees may be submitted to the Subcommittee (c/o the Donna Talamo, Office of the Corporate Secretary, One North End Avenue, Room 1548, New York, NY 10282 or by fax 212-301-4645) by 5:00 p.m. on February 2, 2001. Thereafter, a final list of recommended names and the categories in which they are proposed to run will be immediately posted. NO PERSON WHOSE NAME HAS NOT BEEN SUBMITTED BY 5:00 P.M. ON FRIDAY, FEBRUARY 2, 2001 WILL BE PERMITTED TO STAND FOR ELECTION. IN ADDITION, NO PERSON WHOSE NAME HAS NOT BEEN RECOMMENDED TO RUN FOR CHAIRMAN BY THAT DATE WILL BE PERMITTED TO RUN FOR THAT OFFICE. Please note that in order to qualify as a Public Director, a person must be knowledgeable of futures trading or financial regulation or otherwise capable of contributing to the deliberations of the Board of Directors and may not be a member of the Exchange or affiliated with any member of the Exchange or an employee of the Exchange. After February 2, 2001, the Subcommittee will convene to make its determination as to the eligibility of the proposed nominees to run in the category for which he was proposed or otherwise. Such determination will be immediately posted. Should the Subcommittee determine that a proposed candidate is ineligible to run in the category for which he was recommended, written notice thereof shall immediately be submitted to that person. To assist the Subcommittee, NYMEX members may submit information regarding the eligibility of a proposed nominee to the Subcommittee. All such submissions must be received by 5:00 p.m. on February 9, 2001 at the Office of the Corporate Secretary. In addition, a proposed nominee may appeal the Subcommittee’s categorization. Such appeal must be made by 5:00 p.m. on February 9, 2001. The Subcommittee will consider the appeal and make a final ruling no later than February 13, 2001. At that time, the Subcommittee will assign the proposed nominees to the proper categories, regardless of the category for which the proposed nominee was originally recommended; however, only persons who were recommended to be candidates for Chairman are eligible to run for that office. TO BE OFFICIALLY NOMINATED, EACH PROPOSED NOMINEE WILL BE REQUIRED TO FILE WITH THE OFFICE OF THE CORPORATE SECRETARY A DECLARATION WHICH STATES THAT CATEGORY IN WHICH THE PERSON INTENDS TO STAND FOR ELECTION. FAILURE TO SUBMIT A DECLARATION TO THE OFFICE OF THE CORPORATE SECRETARY BY 5:00 P.M. ON TUESDAY, FEBRUARY 20, 2001 WILL RENDER THE PROPOSED NOMINEE INELIGIBLE TO RUN IN ANY CATEGORY. Note, only those persons who were proposed by February 2, 2001 will be permitted to be officially nominated. Ballots will be mailed no later than February 27, 2001. The election will be held on Tuesday, March 20, 2001. Should you have any questions or require any further information, please contact exchangeinfo@nymex.com
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com