EVERTON FOOTBALL CLUB CO. LTD.
MANAGER: H. CATTERICK SECRETARY: W. DICKINSON
Telephone Telegrams
AINTREE 5263 FOOTBALL LIVERPOOL
GROUND & REGISTERED OFFICE:
GOODISON PARK
LIVERPOOL - 4
23rd March, 1962.
To the Shareholders.
Dear Sir (or Madam),
You will receive along with this letter a Notice calling an Extraordinary
General Meeting of the Members of the Company for the 17th April next.
The sole business to be put before the Members at this Meeting concerns
the future constitution of the Board of Directors and certain resolutions on
that subject will be put to the Members as a "Special Resolution". The
Resolutions involve alterations in the regulations or Articles of the Company,
and since by law the Articles of a company may only be altered with the
particular approval of a Special Resolution, that form of Resolution must be
resorted to here. Such a Resolution requires to be passed by a three-quarter
majority of the votes cast, and in order to obtain the views of Members to the
fullest possible extent, it is desirable that you should exercise your right of
voting either by attending the Meeting personally or by signing the proxy
form enclosed, so that your vote may be recorded by your nominee.
For a number of years past until very recently, there have been nine
Directors on the Board, of which three have had to retire by rotation each
year. Your Board consider that this number is rather too large, and that
seven would ultimately be the most suitable maximum (with five as the
minimum). On the other hand, there is no desire to compel any existing member
of the Board to leave it by reducing the maximum permissible number, so
long as he is willing to go on serving the Company. By a coincidence, one of
the Directors recently retired of his own accord, so that the actual number
at the moment is eight, and these eight have deliberately refrained from filling
up the casual vacancy. The main purpose of the proposed Resolutions is to
make eight the maximum possible number for the time being, until one more
Director goes out of office by voluntary retirement or in some other way
except on ordinary rotation, whereupon the maximum number would become
and stay at seven. The rotation provisions would not be affected, so that any
one or more of the present eight who have to retire at the end of their three
