Takata board authorizes short-term vehicle leases, updates bank signatories and approves employee settlement

The Takata board unanimously approved several administrative and operational resolutions, including short-term vehicle leases, new bank signatory authorizations, trademark use for VIA and a settlement in an employee grievance.

Board members authorized VIA to rent three vehicles at an estimated cost of about $3,000 per month for up to three months as a preferred alternative to investing roughly $20,000 in older buses; members asked whether the leases could be extended and were told an extension would likely be handled administratively if needed.

The board approved two resolutions to update authorized signatories at Horizon Bank and Huntington Bank to ensure continuity in light of staff turnover and to facilitate annual audit verifications. The chair and secretary remain authorized signatories and staff access may be expanded to accommodate audits and routine banking tasks.

A resolution authorizing VIA Transportation, Inc. to use Takata signs, trademarks and logos solely to publish a Takata app to the Google Play Store was read aloud and approved without questions.

Separately, the board voted to accept and finalize a settlement of an employee grievance and authorized the attorney to execute the settlement and initiate required payment.

All listed resolutions and motions passed on unanimous roll-call votes by Chair Alexander Little and Trustees Robinson, Jackson, Hatchard and Nesbbit. The board adjourned after about 35 minutes and set the next meeting for Tuesday the 24th at 5:30 p.m., subject to scheduling conflicts.