1. Society For Biomaterials  2007 Annual Meeting Society For Biomaterials 2007 Annual Business Meeting April 20, 2007 ● Sheraton Chicago Hotel & Towers

2. Society For Biomaterials  2007 Annual Meeting Agenda Welcome & President's ReportC. Mauli Agrawal Election of 2007-08 AC&N CommitteeVote Required Election of 2007-08 Membership Committee Vote Required Election of 2007-08 Member-at-LargeStuart Goodman Bylaws AmendmentTim Topoleski Member-at-Large ReportDavid Kohn Financial Report Lynne Jones Incoming President's CommentsMartine LaBerge New BusinessC. Mauli Agrawal Adjourn

3. Society For Biomaterials  2007 Annual Meeting President’s Report C. Mauli Agrawal, PhD, PE The University of Texas at San Antonio

4. Society For Biomaterials  2007 Annual Meeting www.biomaterialsvideos.org

5. Gold Sponsors

6. Society For Biomaterials  2007 Annual Meeting Silver Sponsors

7. Society For Biomaterials  2007 Annual Meeting Bronze Sponsors

8. Society For Biomaterials  2007 Annual Meeting Bronze Sponsors

9. Society For Biomaterials  2007 Annual Meeting Awards, Ceremonies and Nominations Committee Incoming Chair: Jim Burns, PhD, Genzyme Corporation Four Committee members to be elected from at least six nominations needed from the floor. 1. 1. 2. 2. 3. 3. 4. 4. 5. 5. 6. 6.

10. Society For Biomaterials  2007 Annual Meeting Membership Committee Incoming Chair: Nicholas Ziats, PhD Case Western Reserve University Four Committee members to be elected from at least six nominations needed from the floor. 1. 1. 2. 2. 3. 3. 4. 4. 5. 5. 6. 6.

11. Society For Biomaterials  2007 Annual Meeting 2007 Election Results 2007-2008 President-Elect Jeffrey Hubbell, PhD École Polytechnique Fédérale de Lausanne 2007-2009 Secretary / Treasurer - Elect Antonios Mikos, PhD Rice University

12. Society For Biomaterials  2007 Annual Meeting Stuart Goodman, MD, PhD Stanford University Medical Center Chair, Awards, Ceremonies & Nominations Committee Election of 2007-2008 Member-at-Large Candidates: Julia Babensee, PhD Georgia Institute of Technology Tim Topoleski, PhD University of Maryland, Baltimore County

13. Society For Biomaterials  2007 Annual Meeting Bylaws Amendment ARTICLE III - MEETINGS OF MEMBERS Section 5. Quorum The presence of not less than ten percent of the total active membership fifty (50) active members of the Society shall be necessary to constitute a quorum for the transaction of business. If a quorum is not present at any meeting of members, a majority of the members present may adjourn the meeting from time to time without further notice. Tim Topoleski, PhD University of Maryland, Baltimore County Chair, Bylaws Committee

14. Society For Biomaterials  2007 Annual Meeting VOTE REQUIRED Bylaws Amendment

15. Society For Biomaterials  2007 Annual Meeting Member-at-Large Report David Kohn, PhD University of Michigan Department of Biology & Material Science

16. Society For Biomaterials  2007 Annual Meeting Financial Report Lynne Jones, PhD Johns Hopkins University Department of Orthopaedic Surgery

17. Society For Biomaterials  2007 Annual Meeting INCOME General$85,644 Annual Meeting$496,324 Investment Income$27,697 Publications$423,265 Other revenue $22,678 Assets released from restriction*$2,500 Total Income$1,058,108 Non Operating Revenue Textbook Royalty$23,203 C.W. Hall Scholarship Fund$1,055 Textbook royalty released*($2,500) Total Non-Operating Revenue$21,758 EXPENSES General $306,773 Annual Meeting$370,474 Publications $205,687 Total Expenses $882,934 CHANGE IN NET ASSETS $196,932 Net Assets Beginning of Year $779,046 Net Assets End of year$975,978 FY 2006 Statement of Activities (Income /P&L Statement) * $2,500 Released from Temporarily Restricted Net assets from Textbook Royalty in support of the Student Travel Achievement Recognition Program (STARs)

18. Society For Biomaterials  2007 Annual Meeting FY 2006 Statement of Financial Position (Balance Sheet) ASSETS200620052004 Cash$111,424$331,270$333,450 Accounts receivable Journal and textbook royalty273,202280,161256,908 Other6,4216,955966 Prepaid expenses124,91373,690168,378 Investments583,733286,69523,991 TOTAL ASSETS$1,099,693$978,771$783,693 LIABILITIES AND NET ASSETS LIABILITIES Accounts payable and accrued expenses$4,177$7,541$5,770 Deferred revenue119,538192,18491,645 Total liabilities123,715199,72597,415 NET ASSETS Unrestricted858,115682,941625,798 Temporarily restricted117,86396,10560,480 Total net assets975,978779,046686,278 TOTAL LIABILITIES AND NET ASSETS$1,099,693$978,771$783,693

19. Society For Biomaterials  2007 Annual Meeting 2006 Audited 2007 Budget Income General $ 102,487 $ 102,487 $ 85,780 $ 85,780 Annual Meeting & Workshops $ 496,324 $ 496,324 $ 690,697 $ 690,697 Special Interest Groups $ 11,129 $ 11,129 $ 9,480 $ 9,480 Publications $ 425,261 $ 425,261 $ 398,651 $ 398,651 Other Services $ 8,857 $ 8,857 $ 6,612 $ 6,612 Total Income $ 1,044,058 $ 1,044,058 $ 1,191,219 $ 1,191,219 Expense General $ 310,361 $ 310,361 $ 346,123 $ 346,123 Annual Meeting & Workshops $ 364,270 $ 364,270 $ 530,457 $ 530,457 Special Interest Groups $ 5,323 $ 5,323 $ 9,480 $ 9,480 Publications $ 180,276 $ 180,276 $ 199,193 $ 199,193 Committees $ 22,702 $ 22,702 $ 45,133 $ 45,133 Other Services $ - $ - Total Expense $ 882,932 $ 882,932 $ 1,130,387 $ 1,130,387 Operating Net Income/Loss $ 161,125 $ 161,125 $ 60,833 $ 60,833 Non-Operating Income $ 35,805 $ 35,805 $ 29,428 $ 29,428 2007 Budget

20. Society For Biomaterials  2007 Annual Meeting 2007 Budget Please note that specific new programs have been introduced into the 2007 budget. CME credit for one of the workshops (Spine).CME credit for one of the workshops (Spine). Re-introduction of the Bash.Re-introduction of the Bash. Re-introduction of the SIG mixer.Re-introduction of the SIG mixer. $15,000 for significant redesign of the SFB Website.$15,000 for significant redesign of the SFB Website. Support for meetings with the Exhibitors and Sponsors.Support for meetings with the Exhibitors and Sponsors. Marketing Plan (coordinated with the Membership Committee and Branding Task Force).Marketing Plan (coordinated with the Membership Committee and Branding Task Force). We have also continued to support the efforts of the Membership Committee, the Education & Professional Development Committee (video library), and the SIGs. In addition, an investment management company has been engaged to ensure the stability and safety of the Society’s financial reserves.

21. Society For Biomaterials  2007 Annual Meeting Incoming President Martine LaBerge, PhD Clemson University Department of Bioengineering

22. Society For Biomaterials  2007 Annual Meeting New Business C. Mauli Agrawal, PhD, PE SFB President 2008 World Biomaterials CongressMay 28 - June 1 2008 SFB SIG Meeting on Translational Research September 10-14 2009 SFB Annual Meeting – San Antonio, Texas!April 22-25

23. Society For Biomaterials  2007 Annual Meeting ADJOURN Thank you!