Recent rumors related to Executive Director, Charles Hulsey, surrounding a possible breach of the TWHBEA Registry have been investigated fully by the Personnel committee and the Executive Committee. After a through investigation, the Executive committee concluded that there were no horses that have been registered or transferred to a wrongful owner. The investigation did reveal a breach in the transfer procedure of two horses. The Executive Committee has taken appropriate measures to correct the procedural breach and has taken further measures to protect against any future breach.