At the 1996 Tennessee Mortgage Bankers Annual Convention, recently held in Nashville, the group elected its board of directors. James Beaty, president of Fogelman Beaty Mortgage Co. in Memphis, was elected president-elect. Samuel Allen, vice president of At the 1996 Tennessee Mortgage Bankers Annual Convention, recently held in Nashville, the group elected its board of directors. James Beaty, president of Fogelman Beaty Mortgage Co. in Memphis, was elected president-elect. Samuel Allen, vice president of SunTrust Bank in Nashville, was elected vice president. Marilyn McDonald, branch manager of Collateral Mortgage in Chattanooga, was elected secretary-treasurer. Directors include Jack Potts, assistant vice president of Home Federal Bank of Tennessee in Knoxville; Jim Oliver, executive vice president of TransFinancial Mortgage in Tullahoma; and Barbara Crenshaw, division manager of correspondent lending with Boatmens National Mortgage Inc. in Memphis. Directors who will remain on the board to finish their two-year terms include Amy Gardner, vice president of TransFinancial Mortgage in Jackson; Steve Smith, executive vice president of Southeastern Mortgage of Tennessee in Nashville; and Rick Wood, vice president of Financial Federal Savings Bank in Memphis. Mark VII Inc. announced that its shareholders have approved a proposal to change the state of incorporation of the company from Missouri to Delaware. As a result of the reincorporation, the company will be subject to a more clearly defined body of corporate law which will afford the company the flexibility and certainty it needs to operate effectively and efficiently, officials said. A series of six seminars will be presented today through Friday and on June 24 by the Institute for Executive Education at the University of Memphis. Each day-long seminar will deal with a distinct subject, including S corporations and closely held corporations, federal income taxation of trusts and estates, basic transfer and limited liability companies. The programs will be in the Fogelman Executive Center at the U of M from 8 a.m. until 4 p.m. The basic fee for each course is $195. Call 678-2702 for more information.