The board moved into closed session.  After returning from closed session, the Board Chair reported  the Board Adopted by unanimous vote the following resolution: 

Acceptance of Executive Director Resignation and Appointment of Interim Executive Director

TEACH Inc. Board of Directors

May 6, 2025

WHEREAS, the Board of Directors of TEACH Inc. (“the Board”) has received the resignation of Raul Carranza from the position of Executive Director;

WHEREAS, the Board acknowledges with gratitude Mr. Carranza’s service and accepts his resignation, effective May 6, 2025;

WHEREAS, the Board, pursuant to its governing bylaws and applicable law, holds the sole authority to appoint and remove the Executive Director, and is responsible for ensuring continuity of leadership and operational oversight;

WHEREAS, the Board deems it in the best interest of the organization to appoint an Interim Executive Director to ensure stable management during this leadership transition;

NOW, THEREFORE, BE IT RESOLVED THAT:

1. The Board of Directors hereby accepts the resignation of Raul Carranza from the position of Executive Director, effective May 6, 2025.
2. The Board of Directors hereby appoints Matt Brown, currently serving as Chief Financial Officer/Chief Operating Officer (CFO/COO), as Interim Executive Director, effective May 6, 2025. In this interim capacity, Mr. Brown shall have full executive authority to lead the organization, including but not limited to oversight of operations, finance, compliance, personnel, and academic support functions, subject to the Board’s ongoing direction.
3. The Interim Executive Director shall serve in this capacity until further action of the Board. The Board reserves the right to review and revise this appointment as necessary to support the organization’s strategic and operational needs.
4. The Board authorizes the Board Chair, Interim Executive Director, or their designee(s) to take all necessary administrative actions to effectuate this leadership change, including but not limited to:
   • Updating signatory authorizations for financial accounts and legal documents;
   • Notifying charter authorizers, funders, vendors, and partners;
   • Amending public records, systems, and disclosures accordingly.
5. The Board encourages full cooperation between the outgoing Executive Director and the Interim Executive Director to ensure an orderly and effective transition of duties, subject to availability and mutual agreement.
6. All actions taken by the Interim Executive Director within the scope of this appointment prior to the adoption of this resolution are hereby ratified and affirmed.