the vote is a four-zero, and chris hwang is elevated to the position of president. [applause] president hwang: thank you. director goldstein: seeing that vice president hwang been elevated, the position of vice president is now open. either any nominations? presidents hwang: i nominate commissioner fung. director goldstein: any other nominations? is there any public comment? seeing none, mr. pacheco, could you please call the roll? secretary pacheco: we have denomination from our new president hwang elevate commissioner fung to the position of vice president. on that vote, commissioner fung, hillis, hurtado? the vote is 4-0, and commissioner frank fung is elevated to the position of vice president of the board. director goldstein: congratulations to you both. item number four, -- item number three, commissioner comments and questions. seeing none, we will move to item number four. for your discussion and possible adoption are the minutes from the meeting of may 16, 2012. president hwang: i move their approval. director goldstein: other any comments on the adoption of