SOA of NY holds elections and general meeting

On Saturday, December 7, the SOA of NY held their Board of Trustees and Directors meetings.

At the Trustees meeting Neuberger Berman, our financial investment company provided an update on our investments. In addition, the Trustees discussed our strong financial position and provided an update to our Welfare Plans (medical and dental).

At the Board of Directors meeting, the Directors discussed the Election results (see below), the strong SOA of NY finances, purse account, 240 race dates in 2025, contract negotiations with MGM will begin early next year, new track safety system should be installed by MGM for opening night, Monday, January 20, HISA developments, current issues regarding racing in New York State, increased social media presence and Empire City bets promotions.

The following, all incumbent Directors, were re-elected for 2025 without opposition:

Irv Atherton (Owner category)
Peter Kleinhans (Owner category)
Charles Longo (Owner category)
Peter Venaglia (Owner category)
Peter Younger (Owner category)

A motion by Peter Younger to nominate Scott Didomenico for the vacant Driver/Trainer category was seconded by Tom Ceraso. After discussion, the motion passed.

The following, all incumbent Officers, were re- elected for 2025 without opposition:

Joseph A. Faraldo, President
Peter Venaglia, 1st Vice President
Irv Atherton, 2nd Vice President and Treasurer
Chris Wittstruck, 3rd Vice President
Peter Younger, Secretary

The following, all incumbent Executive Committee, were re-elected for 2025 without opposition:

Joseph Faraldo
Peter Venaglia
Irv Atherton
Jordan Stratton

The following, all incumbent Trustees of the Retirement and Welfare Funds were re-elected for 2025 without opposition:

Peter Venaglia (Chairman)
Joseph A. Faraldo
Irv Atherton
Chris Wittstruck
Peter Younger
Jordan Stratton (1st Alternate)
Ray Schnittker (2nd Alternate)
Tom Ceraso (3rd Alternate)

The SOA of NY thanks everyone for their support and wishes everyone a healthy and happy holiday season!

From the Standardbred Owners Association of New York