He's gone!
UCA Board buying out president's contractQuote:
UPDATE: The UCA Board of Trustees today voted unanimously to buy out the contract of embattled president Allen Meadors and voted to name Tom Courtway as interim president.
The Board will pay Meadors through the end of this year with state money and then pay him another $337,000 with private money. He'll stay on university insurance through the end of the fiscal year June 30. Otherwise, his car alllowance will end Oct. 1. The university also will allow Meadors' parents, who've been renting a house on a campus, to remain there for 90 days. Meadors has until Oct. 1 to vacate his university paid housing. Given that his state-paid salary is about $225,000, the amount he'll be paid the remainder of this fiscal year, plus the additional 18 months of salary make the cash settlement in pay alone worth roughly $525,000.
Meadors has resigned immediately in return for the deal.
Board chairman Scott Roussel said afterward it was an "unfortunate situation" that the Board had tried to handle "appropriately" and it was an attempt for university to move forward.