The Tennessee Walking Horse Breeders’ and Exhibitors’ Association Executive Committee held a conference call yesterday evening, November 26, 2007 and the following action was taken:

The meeting was called to order. Mr. Pedigo read a letter from Mr. Cadle which unselfishly and graciously suggested that with the projected revenues for 2008 the TWHBEA could not reasonably justify his contract, and that under the leadership of Ms. Lane the staff was quite capable of executing the 2008 strategy. He offered to terminate his current contract and void the renewal, effective December 31, 2007.

After a discussion, Upon Motion made by Mr. Baucom, seconded by Mrs. Zeis, ACTION WAS TAKEN unanimously, by roll call vote, to accept Mr. Cadle’s agreement to terminate his contract on December 31, 2007, and to appoint Kristi Lane as Executive Director.