Ladies and Gentlemen: At their meeting on November 17, 2012 the Administration and Finance Committee voted to recommend the 2013 Plan to the full ARRL Board of Directors for their approval at the upcoming meeting in January, 2013. Attached to this note is a copy of the 2013 Plan. In accordance with Board policy it is being distributed in electronic form to all Directors, Officers and Vice Directors. Please note that the document and the information contained in it should be treated as "Board Confidential" and should not be disseminated outside of this group. As always, if you have any questions about the Plan, please don't hesitate to contact any of us. We will be happy to answer your questions. Also in keeping with past practices, A&F Chairman Frenaye will be setting up a conference call on a evening prior to the Board meeting to allow for questions and a discussion of the Plan. We will let you know as soon as this has been scheduled. 73, Barry J. Shelley, N1VXY Chief Financial Officer ARRL, Inc. The National Association for Amateur Radio (860) 594-0212 www.arrl.org