Skip to content

ASHA gets favorable reorganization opinions

Lexington, Kentucky -­ ASHA President Fred K. Sarver announced today that favorable opinions had been received from additional independent legal counsel and accounting experts retained by the American Saddlebred Horse Association and Foundation to further analyze a proposed internal corporate reorganization which is currently pending before the membership of ASHA.

Sarver explained that the proposal had initially been examined over several months by the Association's long-time legal counsel, Jefferson K. Streepey of Boehl, Stopher and Graves in Louisville and its independent auditor, William H. Bennett, CPA, of Louisville.  In December, the board of directors voted unanimously to engage further outside experts, to prepare their analysis and reports prior to the Annual Meeting of members, scheduled for Saturday morning, February 19, at Embassy Suites of Lexington.

"We're very pleased that both of the new opinion letters we received are favorable," Sarver said.  "They confirm our confidence in the original legal and accounting analysis we received and relied upon in putting this proposal before the membership, and should allay any concern any member might reasonably have about the propriety of the proposal."

The additional accounting opinion was prepared by Michael Mountjoy of Mountjoy and Bressler, Louisville, and the added legal opinion by James B. Martin, Jr., of Ogden, Newell & Welch, of Louisville. Sarver noted that following their distribution to the directors, the opinions will be immediately posted on the Association's website at under the Governance section.

See related story

More Stories

  • A Memorable First Trip To Oklahoma

    Taylor Ladd arrived in Oklahoma to compete for the first time this year, but she had the success of a seasoned veteran. The walk-trot rider left the fairgrounds with two World Championships, one Reserve World Championship, and three Grand National titles under the direction of Taylor River Farm. Read More
  • Highlights from Morgan Grand National

    Enjoy the victory passes and interviews from Oklahoma City on ReporTV! Read More
  • REPORT Leaderboard MGN FINAL

    It's official! The REPORT Leaderboard for the 2017 Morgan Grand National and World Championship Horse Show is final. Wow!  All the hard work all year really paid off! Congratulations to all the winners - blue ribbon and otherwise!


    Read More
  • Interview at Sterling Training Center

    In the interview that follows, trainer Katie Mair and owners Mary and Natalie Golota share their thoughts following Katie's win with As Predicted GCH at the Morgan Grand National.  Read More
  • Interview at Cater Stables

    In the interview that follows, trainer Kristen Cater and proud owner Lila Tater share their thoughts following Kristen's victory in Hunter Pleasure with Epona's Mo'O Lio GCH at Morgan Grand National.  Read More
  • Interview at Fire Stables Equestrian

    In the interview that follows, Elaine Galatz, Hannah McBain, Phil Fountain and Julianne Rafferty of Fire Stables Equestrian share their thoughts following a successful Morgan Grand National. Read More
  • REPORT Leaderboard MGN Thru Friday

    With only Saturday's finale performances to go, here's how the blue ribbon counts go in the REPORT Leaderboard through end of day Friday, October 13. Read More
  • A Family Bond

    The Youth of the Year contest tests the skills of young equestrian each year at the Morgan Grand National. Selina Cloutier had the honor of winning this prestigious competition in 1998, and this year, her daughter Clea is competing for the same title. Read More
  • Another Record Breaking Performance

    Morgan Grand National fans were treated to a history making performance on Thursday afternoon as Arcadia, Oklahoma resident Chloe Farischon became the first junior exhibitor to win the World Champion Four-Year-Old English Pleasure title. Read More
  • REPORT Leaderboard MGN Thru Thursday

    It's coming down to the wire and the competition is so close. Check out the REPORT Leaderboard standings as of Thursday, October 12. Read More