Greetings. Attached is my report to the Executive Committee that I have circulated to the EC in advance of the meeting this weekend in Memphis. This memo addresses only legal and regulatory topics on the draft agenda circulated to the EC earlier by Dave Sumner. This memo contains some very candid remarks about ARRL strategic matters and it is highly confidential. Please do not circulate this memo to anyone. Thank you. 73, Chris W3KD -- Christopher D. Imlay Booth, Freret & Imlay, LLC 14356 Cape May Road Silver Spring, Maryland 20904-6011 (301) 384-5525 telephone (301) 384-6384 facsimile W3KD@ARRL.ORG