RESOLUTION ON NAMING THE CENTER FOR INNOVATION AND ENTREPRENEURSHIP IN THE PAMPLIN COLLEGE OF BUSINESS FOR APEX SYSTEMS

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1 RESOLUTION ON NAMING THE CENTER FOR INNOVATION AND ENTREPRENEURSHIP IN THE PAMPLIN COLLEGE OF BUSINESS FOR APEX SYSTEMS WHEREAS, Brian Callaghan (PSYC 93), Ted Hanson (ACCT 91), Edwin Win Sheridan (PS 94), and Jeff Veatch (FIN 93) are proud alumni of Virginia Tech; and WHEREAS, Brian Callaghan, Win Sheridan, and Jeff Veatch utilized their Virginia Tech educations to start, cultivate, and successfully manage their own company, Apex Systems, Inc.; and WHEREAS, Ted Hanson joined the company in its early years and now serves as the Chief Financial Officer for Apex Systems, Inc.; and WHEREAS, Brian Callaghan, Ted Hanson, Win Sheridan, and Jeff Veatch are all enthusiastic and loyal supporters of their alma mater, and members of the Ut Prosim Society; and WHEREAS, the Pamplin College of Business, through the leadership of Dean Robert Sumichrast, has recently established the Center for Innovation and Entrepreneurship; and WHEREAS, since being approved by the Virginia Tech Board of Visitors of Virginia Tech, the Center for Innovation and Entrepreneurship has become one of the most exciting and promising academic initiatives on campus; and WHEREAS, innovation through entrepreneurship is one of the three main focus areas for the Pamplin College of Business as outlined in its newly formed strategic plan; and WHEREAS, the extraordinary success of Brian Callaghan, Win Sheridan, and Jeff Veatch as entrepreneurs, with the help of Ted Hanson, exemplifies the vision and goals for future students of the Center for Innovation and Entrepreneurship; and WHEREAS, Brian Callaghan, Ted Hanson, Win Sheridan, and Jeff Veatch enthusiastically embrace the mission of the Center for Innovation and Entrepreneurship; and WHEREAS, Brian Callaghan, Ted Hanson, Win Sheridan, and Jeff Veatch have pledged support for the Center for Innovation and Entrepreneurship by providing a significant charitable gift commitment, volunteering to serve as mentors to students and being available in an advisory capacity for the Center; and WHEREAS, Brian Callaghan, Ted Hanson, Win Sheridan, and Jeff Veatch understand that providing a significant lead gift in the early formation of the Center for Innovation and Entrepreneurship will help secure other philanthropic gifts for the Center; and

2 WHEREAS, the Center for Innovation and Entrepreneurship is open and available to students from all colleges at Virginia Tech, making it a truly interdisciplinary entrepreneurial academic initiative; and WHEREAS, Brian Callaghan, Ted Hanson, Win Sheridan, and Jeff Veatch have graciously pledged a collective gift of $5 million, to be paid over 10 years; and WHEREAS, Brian Callaghan, Ted Hanson, Win Sheridan, and Jeff Veatch wish to name the Center for Innovation and Entrepreneurship not after themselves, but after the company they founded and build so successfully, Apex Systems; NOW, THEREFORE, BE IT RESOLVED, that in appreciation of the generosity of Brian Callaghan, Ted Hanson, Win Sheridan, and Jeff Veatch, and their collective pledge of $5 million, the new innovation and entrepreneurial center in the Pamplin College of Business will be named the Apex Systems Center for Innovation and Entrepreneurship. BE IT FURTHER RESOLVED, that as the terms of the gift agreement are fulfilled in ten years (2024), the formal name of the Center will be reviewed in subsequent ten year intervals to either maintain the name Apex Systems Center for Innovation and Entrepreneurship or to accommodate any unanticipated organizational identity changes at Apex Systems, and in accordance with prevailing university policy at the time of review. That the above resolution naming the Apex Systems Center for Innovation and Entrepreneurship be approved.

3 RESOLUTION ON NAMING THE FINANCIAL PLANNING SUITE IN HUTCHESON HALL FOR THE CHARLES SCHWAB CORPORATION/FOUNDATION WHEREAS, the Charles Schwab Foundation, on behalf of the Charles Schwab Corporation, provided a charitable gift of $200,000 to the Virginia Tech Foundation in September 2014; and WHEREAS, Charles Schwab is a respected, global leader in the financial services industry; and WHEREAS, their gift is intended to provide a model for the financial planning industry to become actively involved in supporting and promoting financial planning education in colleges and universities as a source of the next generation of professionals; and WHEREAS, Charles Schwab endeavors to address infrastructure improvements to Hutcheson Hall by underwriting renovations and furnishing of space suitable for holding seminars and workshops, in support of Virginia Tech s Financial Planning Program; and WHEREAS, the College of Agriculture and Life Sciences and the Pamplin College of Business wish to appropriately acknowledge the connection of Charles Schwab to the Financial Planning Program, and look to extend Charles Schwab s involvement and financial support in subsequent years; NOW, THEREFORE, BE IT RESOLVED, that in acknowledgement of Charles Schwab s generosity and in recognition of current and future benefits to the university, the renovated Financial Planning Suite in Hutcheson Hall, will be known as the Charles Schwab Financial Planning Suite for a period of five years from the date of completion of renovations. That the above resolution naming the Charles Schwab Financial Planning Suite be approved.

4 RESOLUTION ON NAMING THE ENTRANCE TO THE INDOOR PRACTICE FACILITY FOR WIN SHERIDAN 94 AND BRIAN CALLAGHAN 93 WHEREAS, Win Sheridan 94 and Brian Callaghan 93 have been loyal supporters of the Virginia Tech Athletic Fund; and WHEREAS, Win Sheridan and Brian Callaghan have supported the Athletics Department with major gifts to Lane Stadium s South End Zone and West Side expansions, the Football Locker Room and the Field House Campaign; and WHEREAS, Win Sheridan and Brian Callaghan provided major funding to name the football locker room the Team United Locker Room in honor of Coach Frank Beamer; and WHEREAS, Win Sheridan and Brian Callaghan are both Orange & Maroon Benefactors with the Virginia Tech Athletic Fund and Senior Benefactors with the University s Ut Prosim Society; and WHEREAS, Win Sheridan and Brian Callaghan have not only supported the Virginia Tech Athletic Fund through monetary contributions but have also been major sponsors of radio and television shows to Virginia Tech Athletics and Virginia Tech football through their company, Apex Systems; and WHEREAS, Win Sheridan and Brian Callaghan each made a leadership pledge to Intercollegiate Athletics of $1,000,000 to the Field House Campaign; NOW, THEREFORE, BE IT RESOLVED, that in appreciation to Win Sheridan and Brian Callaghan for their generosity towards Virginia Tech and the Department of Athletics, that the entrance to the Indoor Practice Facility be named the Sheridan Callaghan Entrance. That the above resolution naming the Sheridan-Callaghan Entrance be approved.

5 RESOLUTION ON NAMING THE ACCESS ROAD SURROUNDING THE INDOOR PRACTICE FACILITY FOR BRIAN CALLAGHAN 93 AND WIN SHERIDAN 94 WHEREAS, Brian Callaghan 93 and Win Sheridan 94 have been loyal supporters of the Virginia Tech Athletic Fund; and WHEREAS, Brian Callaghan and Win Sheridan have supported the Athletics Department with major gifts to Lane Stadium s South End Zone and West Side expansions, the Football Locker Room and the Field House Campaign; and WHEREAS, Brian Callaghan and Win Sheridan provided major funding to name the football locker room the Team United Locker Room in honor of Coach Frank Beamer; and WHEREAS, Brian Callaghan and Win Sheridan are both Orange & Maroon Benefactors with the Virginia Tech Athletic Fund and Senior Benefactors with the University s Ut Prosim Society; and WHEREAS, Brian Callaghan and Win Sheridan have not only supported the Virginia Tech Athletic Fund through monetary contributions but have also been major sponsors of radio and television shows to Virginia Tech Athletics and Virginia Tech football through their company, Apex Systems; and WHEREAS, Brian Callaghan and Win Sheridan each made a leadership pledge to Intercollegiate Athletics of $1,000,000 to the Field House Campaign; NOW, THEREFORE, BE IT RESOLVED, that in appreciation to Brian Callaghan and Win Sheridan for their generosity towards Virginia Tech and the Department of Athletics, that the access road surrounding the Indoor Practice Facility and the Steve Johnson Football Practice Fields be named Callaghan Sheridan Way. That the above resolution naming Callaghan-Sheridan Way be approved.

6 RESOLUTION ON NAMING THE COACH S OBSERVATION DECK IN THE INDOOR PRACTICE FACILITY FOR THEODORE S. HANSON 91 AND LINDA ALSCHBACH HANSON 89 WHEREAS, Ted 91 and Linda 89 Hanson have been loyal supporters of the Virginia Tech Athletic Fund; and WHEREAS, Ted and Linda Hanson have supported the Athletics Department with major gifts to the Pete Dye River Course at Virginia Tech, The Hahn-Hurst Basketball Practice Facility, the Football Locker Room and the Field House Campaign; and WHEREAS, Ted Hanson, Brian Callaghan, Win Sheridan and Jeff Veatch collectively provided the funding to name the football locker room the Team United Locker Room in honor of Coach Frank Beamer; and WHEREAS, Ted and Linda Hanson are Orange & Maroon Benefactors with the Virginia Tech Athletic Fund and Senior Benefactors with the university s Ut Prosim Society; and WHEREAS, Ted and Linda Hanson made a $350,000 pledge to Intercollegiate Athletics and the Field House Campaign; NOW, THEREFORE, BE IT RESOLVED, that in appreciation to Ted and Linda Hanson for their generosity towards Virginia Tech and the Department of Athletics, that the coach s observation deck in the Indoor Practice Facility be named the Ted and Linda Alschbach Hanson Coach s Observation Deck. That the above resolution naming the Ted and Linda Alschbach Hanson Coach s Observation Deck be approved.

7 RESOLUTION ON NAMING THE 18 TH HOLE AT THE PETE DYE RIVER COURSE OF VIRGINIA TECH FOR JOHN 77 AND BEVERLY BATES WHEREAS, John W. Bates, III is a 1977 graduate of Virginia Tech; and WHEREAS, John and Beverly Bates have been generous donors to the Virginia Tech Athletic Fund over their lifetimes; and WHEREAS, John and Beverly Bates have supported numerous areas at Virginia Tech with major gifts such as the Alumni Center Campaign and the Pamplin College of Business; and WHEREAS, John Bates served as the Campaign Chair for Richmond during the Campaign for Virginia Tech Invent the Future; and WHEREAS, John and Beverly Bates have been strong supporters of Virginia Tech Athletics through annual contributions, but also through their partnership with classmates in a Lane Stadium suite; and WHEREAS, John Bates is a loyal and dedicated Hackin Hokie and supporter of Virginia Tech golf; and WHEREAS, John and Beverly Bates have pledged $100,000 to Virginia Tech Athletics and the River Course; NOW, THEREFORE, BE IT RESOLVED, that in appreciation to John and Beverly Bates for their generosity towards Virginia Tech and the Department of Athletics, that Hole #18 at the Pete Dye River Course at Virginia Tech be named the John and Beverly Bates Hole. That the above resolution naming the John and Beverly Bates Hole be approved.

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