Russell Barton, president of the society, called the meeting to order at 5:20pm.

Sigrun Andradottir gave a moving tribute to Perwez Shahabuddin who recently passed away. Perwez is survived by his wife Soophia, and children Zain (6) and Zoha (9). A card for his family was circulated so that all who knew Perwez had the opportunity to sign. An obituary written by Paul Glasserman was also circulated.

Shane Henderson gave the secretary's report. We have approximately 530 members. The URL of the society website is now www.informs-sim.org. The old URL www.informs-cs.org still works, but www.i-sims.org has expired.

C. H.- Chen gave the treasurer's report. Russell Barton stated that the registration fees of the Ph.D. colloquium participants would be paid for by the conference this year, and that in future the conference chair for each year will decide on a case-by-case basis whether to cover the cost or not.

Loo Hay Lee gave the newsletter editor's report and requested articles for the spring.

Steve Chick gave the Vice President's report, announcing the following conferences: The 3rd simulation workshop in Stratford on Avon, near Birmingham, Mar 28, 29 2006. The INFORMS-Hong Kong meeting Jun 25-28, 2006. The INFORMS-Fall meeting in Pittsburgh PA. A workshop at INSEAD held either July 5-7 or July 17-19, 2007. The results of the workshop will be disseminated in a special issue of ACM TOMACS.

Steve Chick requested that the society cover unexpected costs at the INSEAD workshop up to a limit of $2000 should they arise. He noted that the workshop is expected to be self-funding, so this need should not arise. The motion passed with no-one voting against.

Barry Nelson gave a report on WSC 05 on behalf of Dave Goldsman and himself, who are the society's representatives on the WSC Board. There were approximately 770 attendees with 700 paid registrations. The new simulation for managers workshop had 20 attendees. He asked those involved in organizing WSC '05 to stand, and these people were thanked. The WSC '06 will be held in Monterey, CA. Michael Fu is standing down as simulation area editor for Operations Research as of December 31, 2005. He was thanked by the society. The new area editor is Shane Henderson. He named the new associate editors (Steve Chick, Peter Haas, Tito Homem-de-Mello and Seong-hee Kim). Susan Sanchez gave the INFORMS Journal on Computing report. She named the associate editors (Marvin Nakayama, Harriet Black-Nemhard, Paul Fishwick and Leyuan Shi). Jim Wilson gave the TOMACS report. He named new area editors Steve Chick, and Peter Haas. Christos Alexopoulos gave the IIE Transactions report.

Natalie Steiger gave the report for the Committee for Underrepresented Minorities and Women. The society helped sponsor Hongmei Chu, Kishau Rogers, Jose Rojas and Desiree Tejada to attend the conference.

Russell Barton announced that there were 17 participants at the 2005 PhD colloquium and presented certificates and a check to those present.

Susan Sanchez gave the slate of candidates for the Spring officer elections. She will accept further nominations until February 15.

The minutes of the society business meeting at the INFORMS San Francisco meeting were circulated and approved after a slight amendment: "No one voted for no such lecture" was changed to "No one voted against such a lecture." Also, some duplicates in the attendees were removed, so that there were 40 attendees.

The society will have an honorary lecture at the next INFORMS-Fall meeting to help enhance the visibility of the society. It may be coordinated with the Quality / Statistics / Reliability section, and there will be no financial commitment by the society.

A motion to add the Committee on Underrepresented Minorities and Women and the Ph.D. Colloquium to the list of standing society committees passed by verbal vote.

Russell Barton announced that Paul Glasserman received the Outstanding Publication Award this year and read the citation. Barry Nelson announced that Deb Sadowski was awarded the Distinguished Service Award and she gave a brief acceptance speech.

The attendees at the meeting then briefly introduced themselves.

Barry Nelson reported that the WSC Board had amended its bylaws to include a statement about conflicts of interest.

The college thanked Russell Barton for his service as president of the society.

Lee Schruben announced that the college has 3 new INFORMS Fellows this year: Barry Nelson, Bob Sargent and Jim Wilson. He also announced that Jack Kleijnen received this year's Lifetime Professional Achievement Award. Several of Jack's family members (wife Wilma, son Jacko, grandchildren Leslie and Jamo) attended the meeting while Jack gave a well-received acceptance speech.

The meeting adjourned at 7:20pm.