This Week · Investment Committee

Six Peak IC Weekly

Last meeting: 2026-09-14 — Six Peak IC Weekly Meeting

◆ 0 active to-dos ▲ 0 goals set ● Last meeting 2026-09-14

Action Items

Open To-Dos

Goals Set

Meetings Logged

Meeting Summary

2026-09-14 — Six Peak IC Weekly Meeting

The meeting focused on unresolved Reseda financing, Jaharo accounting treatment, the October annual planning session, and Tom Taggart’s consulting arrangement.
No immediate Reseda decision was required while additional information was being gathered.
Bob reported that he had sent John proposed Jaharo accounting treatment and requested verification and narrowing of uncertain figures.
He planned to confirm the numbers with John Beck and Gail Bauer before circulating a concise summary.
Chris reported that R4 was willing to quote B bonds without a safe-hold structure because it has a multi-fund.
The B bonds would provide additional leverage and be paid current rather than participate below debt coverage.
Kathy was awaiting approval of an extension through at least the end of February, and additional recycled bonds might be requested from the state.
Merchants remained interested in a safe-hold structure but might not close until the following month.
Extensions of 45–60 days were expected if an equity term sheet was signed and closing progress demonstrated.
The financing outcome remained unresolved, with the objective of avoiding retained equity in the deal.
The annual planning session was scheduled for October 19–21 in Palm Springs.
The agenda was expected to include the 2027 budget, historical financials through eight or nine months of 2026 depending on the third-quarter close, the VTO, the 10-year vision, the three-year plan, and the one-year budget.
Lodging and optional Wednesday team-building activities remained under development.
Bob also planned to circulate a write-up and the latest agreement for Tom Taggart’s consulting arrangement.
The proposed structure included quantitative milestones at 6, 12, 18, and 24 months, with termination for cause if performance deficiencies were not met and cured.

Action Items

From 2026-09-14

Chris Aiello Chris Aiello will delete and resend the meeting invitation.
Bob Kennedy Bob Kennedy will speak with John Beck and Gail Bauer to verify the Jaharo accounting figures.
Bob Kennedy Bob Kennedy will circulate a concise Jaharo accounting summary after confirming the numbers.
Chris Aiello Chris Aiello will meet with Kathy to continue pursuing the Reseda financing solution.
Bob Kennedy Bob Kennedy will send the annual planning activities survey and finalize the Palm Springs lodging arrangements.
Bob Kennedy Bob Kennedy will send the Tom Taggart agreement and summary of proposed changes to the group.
Steven Cooney Steven Cooney will review the Tom Taggart materials that afternoon.

Files Referenced

Needed to keep moving

No files referenced.

To-Dos

Active this cycle

Chris Aiello Chris Aiello will meet with Kruger in Irvine on September 23 to discuss the potential equity investment from action item
Steven Cooney Steven Cooney will delete the outdated calendar invitation. from action item
Ivan Ivan will email Chris Aiello about the missing consolidated original budget. from action item
Chris Aiello Chris Aiello will determine the amount payable to the team after accounting for MRK’s outstanding cash claim. from action item
Meeting participant Meeting participant will follow up on funding the approved Wilton capital call. from action item
Bob Kennedy Bob Kennedy will update Steven Cooney after speaking with Daniel about the office decision. from action item

Goals

Organizational priorities

No goals set. Click + Add Goal to start the list.