7



      Mr. Reed confirmed with Dr. Meriwether that his request was in the form of a motion.
He asked for a second to Dr. Meriwether's motion, and there was no second. Having heard no
second to the motion, Mr. Reed said that he did not need to address the legality of the motion
being made by someone telephonically. Mr. Reed informed Dr. Meriwether that the meeting
would continue, and Dr. Meriwether was welcome to continue with the meeting.

      President Todd said that it was not his expectation to talk about a contract extension in
any way and noted that it was not an agenda item.

      Mr. Reed said that the agenda has five items, and contract extension was not one of them.
The committee had not planned to go into the extension of a contract, a new contract, or a raise.

      Dr. Meriwether asked Mr. Reed to review the items on the agenda, and Mr. Reed
reviewed the agenda items.

      Dr. Meriwether briefly stated his position in as far as President Todd's performance the
past three years. Many of the things that President Todd brought up needed to have been done,
and they have not. The Medical Center is near a crisis. Athletics continues to be an eyesore in
the SEC and makes the front page of newspapers for all kinds of infractions or partial infractions.
The program is on probation. He said that he does not see that any improvement has been made
in that regard. The suggestions by the current Board chair about coaching in the football arena
were salient and good, and they were not followed up on.

      As far as retention, UK has gone from a school of 76,000 students when he joined the
Board to a school of 26,000 students and has lost a great deal of influence within the state. UK
lost Lexington Community College for no apparent reason. All the negotiations were done
behind the scenes and out of knowledge of the entire Board. UK had two action letters from the
Southern Association of Colleges and Schools (SACS) that are currently pending. The last letter
threatened suspension or probation because of excessive postgraduate students being used for
teachers. Those are all facts delivered from Dr. Robinson at SACS. Dr. Meriwether said that he
had gotten letters with difficulty from President Todd confirming some of this information.

      Based on his comments, he said that he does not see any reason to be considering a bonus
much less anything else for President Todd at this point in time.

      Dr. Meriwether reiterated that he could not sit all afternoon listening to Mr. Reed talk
about the Golf Team. Since Mr. Reed does not see fit to tell him when meetings are scheduled
and since he did not have an agenda, this was the best he could do. He said he would hang up
and let the committee continue with their meeting.

      Mr. Hardymon identified himself and asked Dr. Meriwether to remain on the phone. He
proceeded to ask Dr. Meriwether to read President Todd's self-evaluation document before the
Board meeting on Tuesday. Mr. Hardymon said that he may be one of the few on the Board who
has been through a yearly evaluation process. He noted that he does not go through it anymore;
however, he did experience a yearly evaluation for 10 years. He believes that there are minuses