Having advised a number of those boards and attended too many of those meetings, that's usually followed adjournment and the group moving to the room with the good liquor and food. Cigars were once involved, but as much now that the boards are more representative of the genders.
I think this meeting was serious enough that there may have been liquor but not the food.
I almost added the move for adjourment and second to my post ... having been at a few of these types meetings (not quiet at that level).