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AKC Board Minutes,Chairman's Report

AKC Board Meeting Minutes

American Kennel Club Board Motions, Actions as recorded by Secretary

 

Meeting held January 13th-14th, 2020, published 1/27/2020

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Wording is as presented in the Minutes provided by AKC Secretary Gina M. DiNardo.

 

The Board convened on Monday, January 13, 2020 at 8:30 a.m. All Directors were present; also present was the Executive Secretary.

     The November 2019 Board minutes, copies of which had been provided to all Directors, were reviewed. Upon a motion by Dr. Davies, seconded by Mr. Sweetwood, the November 2019 minutes were approved unanimously.

 

FIRST EXECUTIVE SESSION - Monday the 13th, there was an EXECUTIVE SESSION to discuss sensitive business matters. There was nothing reported out of this session.

 

PRESIDENT’S REPORT - Board Action Items - Mr. Sprung provided the Board with a high-level recap of 2019 accomplishments and reviewed Action Items and reported on Staff initiatives.

     • Sports and Events revenue was $567,000 above budget and $604,000 higher than 2018.

     • Total Entries across all events was 3,300,000. The largest number in AKC history

     • 2019 AKC National Championship was the largest event held in AKC’s 135-year history – 11,008 entries

     • Registration:

          Dogs up 1.2% to 587,777. This is the sixth (6th) consecutive year of year-over year increases

          Litters up 3% to 258,362. This is the fifth (5th) consecutive year of year-over year increases

          Unique breeders up 5%

     • Registration revenue was $1MM below budget but $1.5MM higher than 2018.

     • AKC.org 72 million users, a 10m increase, up 16%. Page views +6% and time spent +7%

     • Social Media Instagram up 11.7%

     • E-commerce traffic increased by 9.6% traffic and revenue was above budget

     • AKC Marketplace 31,600 breeders advertised 53,000 litters vs. 28,200 breeders from 44,700 litters in 2018

     • Parent Club tool used by 105 parent clubs

     • Public Relations – The PR department obtained more than 2,000 media placements for the opening of the AKC Museum on the Dog in New York City.

     • AKC.TV – over 6.5m views with more than 3.5m new users

     • 2019 budget of $4.19m net operating will achieve approximately $5.1m.  

 

Legal Status Report - The Board reviewed a status report on pending litigation and other Legal activities for the months of November and December 2019.

 

FINANCE - Joseph Baffuto, CFO, presented AKC’s unaudited financial results for the eleven months ended November 30, 2019. Total year to date revenues of $71.4 million were $2.0 million or 2.8% below budget, but $3.2 million or 4.8% greater than the 2018 comparative period. Dog Registrations YTD are 4% below Budget, but 1% higher than 2018. Litters processed are 3% under Budget levels, but 2% above previous year’s activity. Total operating expenses of $66.7 million were $4.5 million or 6% under budget as well as remaining $3.3 million or 4.8% below last year’s eleven-month actual. Operating income for the year to date through November 30, 2019 was $4.6 million which was favorable compared to both 2019 budgeted operating income of $2.2 million as well as the 2018 mark of ($1.9 million). Additionally, our operating investment portfolio reflects total unrealized gains for the year of $14.1 million dollars.

 

SECOND EXECUTIVE SESSION - Monday the 13th, there was an EXECUTIVE SESSION to discuss sensitive business matters. There was nothing reported out of this session.

 

THIRD EXECUTIVE SESSION - Monday the 13th, there was an EXECUTIVE SESSION to discuss sensitive business matters. There was nothing reported out of this session.

 

The Board adjourned Monday at 5:28 p.m. They reconvened on Tuesday, January 14 at 8:32 a.m. All Directors were present, except for Mr. Smyth and Mrs. Wallin. Also present was the Executive Secretary. Mr. Smyth arrived at 8:38 a.m. during the report from the Judges Appeal Committee.

  

Click here to open the full January 2020 AKC Board Minute Meeting

 

Resigned Judge: Professor Douglas C. Taylor

Deceased Judges: Mr. Richard Camacho, Mr. Eugene Haupt, Ms. Eileen C. MacLennan, Mrs. Sally L. Vilas

Emeritus Judges: Janice Carpenter (FL)

 

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