Final

MassVentures

MassVentures Board Meeting

Published on July 17, 2023 at 7:33 AM EDT

Date and Time

Monday July 24, 2023 at 8:00 AM EDT

Location

1075 Main Street, Suite 100

Waltham MA 02451

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Agenda

Section Number Topic Number Details Purpose Presenter Time
I. Opening Items 8:00 AM
  A. Call the Meeting to Order   Yvonne Hao 1 m
  B. Examples of Mission   Charlie Hipwood 2 m
  C. Highlights Discuss Charlie Hipwood 1 m
II. Executive Session 8:04 AM
  A. Roll Call Vote to Enter Executive Session Vote Charlie Hipwood 1 m
   
The Board of Directors will now go into Executive Session, pursuant to Chapter 30A, for the purpose of discussing the following:
   
1.  Regarding Investment matters:
  • Confidential financial information of applicants for MassVentures funds; and
  • Information regarding the competitive positions of such applicants in their  respective industries.
2.  Regarding Personnel / Compensation matters
  • Negotiation with nonunion personnel or conduct a collective bargaining session with a union in executive session, and may even agree on final contract terms.
The Board will reconvene in Open Session following Executive Session.
I will need a roll call vote from the members to go into Executive Session.
  
  B. Presentation - Emvelon Discuss Priya Yadav 20 m
  C. Vote - Emvelon Vote Priya Yadav 15 m
  D. Preview - Feon Energy Discuss Priya Yadav 15 m
  E. Preview - Sesame Sustainability Discuss Stacy Swider 15 m
  F. Pipeline Report Discuss Priya Yadav 1 m
  G. Portfolio Update Discuss Charlie Hipwood 1 m
  H. Roll Call Vote to Return to Open Session Vote Charlie Hipwood 1 m
   
Having completed all business of this Executive Session, I will now ask the members to vote to reconvene in Open Session.

After Vote:

Anyone who was required to leave during Executive Session be invited back into the room.  We will now announce any Votes that took place during Executive Session.
  
III. Approvals 9:13 AM
  A. Board Minutes Approve Minutes Charlie Hipwood 1 m
    Approve minutes for MassVentures Board Meeting on June 12, 2023  
  B. Comp Committee Minutes Approve Minutes Charlie Hipwood 2 m
    Approve minutes for Compensation Committee Meeting on July 12, 2023  
  C. Pre-Investment Action Sheet - Z Polymers Vote Charlie Hipwood 1 m
  D. Pre-Investment Action Sheet - Aclarity Vote Charlie Hipwood 1 m
IV. Financial Matters 9:18 AM
  A. Treasurer's Report Discuss Jim Madison 5 m
  B. Approve Treasurer's Report Vote Charlie Hipwood 1 m
V. President's Report 9:24 AM
  A. General Update Discuss Charlie Hipwood 1 m
  B. MV Capital Update Discuss Charlie Hipwood 1 m
  C. MV Accelerate Update Discuss Charlie Hipwood 1 m
  D. Economic Development Plan Update Discuss Charlie Hipwood 15 m
VI. Conflicts of Interest 9:42 AM
 
Board members are urged to review the Pipeline list of companies and disclose any potential or perceived conflict of interests.  This becomes important if a company becomes a prospective investment candidate, as the Committee member should exclude themselves from discussion or votes regarding the company.  New companies are listed in Red font.
 
  A. Conflicts Discuss Charlie Hipwood 1 m
VII. Executive Session - Comp Committee Presentation 9:43 AM
  A. Roll Call Vote Vote Charlie Hipwood 1 m
   

The Board of Directors will now go into Executive Session, pursuant to Chapter 30A, for the purpose of discussing the following:
   
1.  Regarding Investment matters:

  • Confidential financial information of applicants for MassVentures funds; and
  • Information regarding the competitive positions of such applicants in their  respective industries.

2.  Regarding Personnel / Compensation matters

  • Negotiation with nonunion personnel or conduct a collective bargaining session with a union in executive session, and may even agree on final contract terms.

The Board will reconvene in Open Session following Executive Session.
I will need a roll call vote from the members to go into Executive Session.

  
  B. Board-Only Discussion Discuss William Asher 15 m
  C. Vote - Changes in Comp Structure and Targets Vote William Asher 5 m
VIII. Closing Items 10:04 AM
  A. Adjourn Meeting Vote