The official minutes of the University of South Carolina Board of Trustees are maintained by the Secretary of the Board. Certified copies of minutes may be requested by contacting the Board of Trustees’ Office. Electronic or other copies of original minutes are not official Board of Trustees' documents.

The Executive Committee of the University of South Carolina Board of Trustees met on Tuesday, October 7, 2003, at 3:30 p.m. in Room 206-B of the Osborne Administration Building.

Members present were: Mr. Mack I. Whittle, Jr., Chairman; Mr. Herbert C. Adams; Mr. James Bradley; Dr. C. Edward Floyd; and Mr. William C. Hubbard. Mr. Michael J. Mungo was absent.

Others present were: President Andrew A. Sorensen; Secretary Thomas L. Stepp; Executive Vice President for Academic Affairs and Provost Jerome D. Odom; Vice President and Chief Financial Officer Richard W. Kelly; General Counsel Walter (Terry) H. Parham; Vice President for Student Affairs Dennis A. Pruitt; Vice President for Human Resources Jane M. Jameson; Director of Athletics Michael B. McGee; Associate Athletics Director for Development Brad Edwards; Director of the Office of Public Affairs Russell McKinney, Jr.; and members of the media.

Chairman Whittle called the meeting to order and asked Secretary Stepp to call the roll. Mr. McKinney introduced members of the media who were in attendance. Chairman Whittle stated that notice of the meeting had been posted and the press notified as required by the Freedom of Information Act; the agenda and supporting materials had been circulated to members of the Committee; and a quorum was present to conduct business.

There was a contractual matter which was appropriate for discussion in Executive Session. Chairman Whittle called for a motion to enter Executive Session. Mr. Adams so moved, and Mr. Bradley seconded the motion. The vote was taken, and the motion carried.

The following persons were invited to remain: Dr. Sorensen, Mr. Stepp, Dr. Odom, Mr. Kelly, Mr. Parham, Ms. Jameson, Dr. McGee, Mr. Edwards, Dr. Pruitt, Mr. McKinney, Ms. Tweedy, and Ms. Stone.

Return to Open Session

1. Athletics Department Sponsorship: Chairman Whittle recognized Dr. McGee who was presenting for Executive Committee approval a proposed naming rights contract with Colonial Life & Accident Insurance Company which covered a period of 12 years and would return to the University approximately $5.5 million. Included in the terms of the contract were clauses which addressed naming rights, signage, suite usage, and signage in the basketball arena.
   Chairman Whittle stated that the motion was to name the arena the Colonial Center subject to the specific conditions of the proposed contract between the University and Colonial Life & Accident Insurance Company. Mr. Adams moved approval of this naming rights contract as presented. Mr. Bradley seconded the motion. The vote was taken, and the motion carried.
   
   Chairman Whittle advised that a news conference announcing the arena naming was scheduled for 4:30 p.m. at the Colonial Life headquarters.
   
   
2. Adjournment: Since there were no other matters to come before the Committee, Chairman Whittle declared the meeting adjourned at 4:05 p.m.
   

Respectfully submitted,
Thomas L. Stepp
Secretary