Board approves transfers, West River addendum, special meeting and waives liquidated damages for counselor
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Summary
Spearfish School District 40-2 trustees approved multiple routine actions Feb. 9, 2026, including a $20,475.18 transfer to the National Teammates Organization, an addendum to the West River Foundation agreement granting staff right of first refusal on a CTE house, scheduling a Feb. 25 special meeting for candidate selection, and accepting Corbin Peterson’s resignation while waiving $2,000 in liquidated damages.
The Spearfish School District 40-2 Board of Education approved several action items during its Feb. 9, 2026 meeting, adopting routine transfers and personnel decisions by voice vote.
The board approved a transfer of $20,475.18 from the local Teammates account to the National Teammates Organization and the closure of the local account. Speaker 4 explained the national group wants local funds under their umbrella while preserving local expenditure rights. Speaker 2 moved the transfer; Speaker 3 seconded, and the motion passed by voice vote.
The board also approved an addendum to the West River Foundation agreement that establishes a right of first refusal for staff on the CTE house and outlines the procedure for exercising that right. Speaker 8 moved to approve the addendum; Speaker 2 seconded, and the motion passed by voice vote.
Trustees approved a special board meeting scheduled for Wednesday, Feb. 25, at 5:30 p.m., to select candidates for interviews. Speaker 8 moved to set the meeting; Speaker 2 seconded; the motion carried.
On personnel business, the board accepted the resignation of Corbin Peterson, identified in the meeting as the district’s special education counselor, effective Feb. 20, 2026. The superintendent noted a $2,000 liquidated-damages clause applies when an employee breaks a contract before the school year ends but recommended waiving the fee because Mr. Peterson’s departure is “financial based.” Speaker 2 moved to accept the resignation and waive the damages; Speaker 3 seconded and the motion passed by voice vote.
The board approved the consent agenda in a single motion, and the superintendent noted the district will send retirement-incentive agreements to eligible staff that will be paid in the February payroll (years-of-service × $150).
The meeting moved into an executive session later in the agenda to discuss personnel matters, as announced by the board.
What’s next: The board will hold the special meeting Feb. 25 to select candidates for interviews related to the superintendent search and other candidate-selection work described in the board’s discussion.