Board debate over RFP tabulation ends without vote after quorum loss
Sep 3, 2026
After administration disclosed scores (Estrada Hinojosa 76; Nickel Hayden 89; Tijerina 87), a trustee moved to award the contract to Estrada Hinojosa despite tabulation and a documented SEC finding; objections were raised, the board lost quorum during deliberations and no final vote occurred.
The full story
After interviews and scoring of three finalists for financial advisory services, administration read the numeric tabulation to the board (Estrada Hinojosa 76; Nickel Hayden Advisors 89; Tijerina Financial Consulting 87). Trustees then debated whether to follow the numerical tabulation or rely on other considerations, including experience and prior working relationships.
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