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30 companies. Focusing on the 30 has led this firm to a 20.9% return on equity over the past 5 <br />years. With the exception of 2002 & 2008, Kayne Anderson has posted gross profits over the <br />past 25 years. <br />The Boston Company presentation was given by Carl O'Connell. Basic overview on how they <br />thrive on stock research and capitol allocation via major research before they make purchases. <br />They have been working in the small / mid cap equity for over 20 years now. They still utilize a <br />20 year old investment process that delivers relative returns over the long term. <br />Fred Weiss and Alan Fields began a discussion with the Board on which company we should <br />select. The overall performance of both vary at different times based on market. Both seem to <br />deal with situations well during critical market times. Kayne Anderson Rudnick appears to have <br />a solid foundation in the equity market vs. Boston Company. <br />A motion is made by Alan to invest with Kayne Anderson Rudnick, seconded by Fred and voted <br />unanimously. The funding will be discussed at a future Board meeting, including how much and <br />which investment to use for the funding. <br />A motion was made, seconded and approved unanimously to adjourn the meeting at 10:15 AM. <br />The next Board meeting will be on February 23, 2017 in Lexington Town Hall / Parker Room at <br />8:00 am. <br />Robert Cunha, Chairman <br />Carolyn Kosnoff, Ex Officio Member <br />Frederick Weiss, Appointed Member <br />Alan Fields, Appointed Member <br />Absent <br />Joseph Foley, Elected Member <br />