Now I'm no expert on all the things UA's Board of Trustees does, but there's a simple description on UA's website:
The University of Akron's Board of Trustees is the governing body for The University of Akron, pursuant to Ohio Revised Code 3359.01. The Board is composed of 11 members—9 voting members and 2 nonvoting student members—who are appointed by the Governor of Ohio with the advice and consent of the State Senate. Trustees are appointed to a nine-year term of office, with the exception of student Trustees who are appointed to a two-year term.
The Board of Trustees has been charged by the Ohio Legislature (Ohio Revised Code 3359.03 and 3359.04) with: selecting and appointing the president; setting the operating budget; approving personnel appointments; granting all degrees awarded by the University, including honorary degrees; establishing tuition and fee rates; approving contracts; and approving all rules, regulations, curriculum changes, new programs and degrees at The University of Akron.
The bolded parts would seem to relate to things involved with a major hiring. So it's not unreasonable to think that the UA Board of Trustees would be presented in this meeting with a report on any previous UA meetings with someone like Jim Tressel, and whether anything further was required moving forward.
After reporting out to the Board of Trustees and fully informing them of all details, it's not unreasonable to expect that any significant news might also be shared with the public.
So I think it's fair for all the zero percenters and all the hundred percenters to reign in their ponies and wait just a few more hours to see what official word comes out after the Board of Trustees executive session, which, by the way is private and not streamed on the web as regular public sessions are.
On the Board of Trustees meetings...are all or part of them public? Anyone free tomorrow?
They are almost always closed to the public.