I think scheduling a formal meeting is good. Suppose someone wanted to contest the election. They would automatically know that they had recourse the next day to bring up whatever point they wanted. Maybe that someone wouldn't know the first thing about "calling" for a meeting that wasn't scheduled, but at least could look in their program and notice that there already is one that they can go do and make their grievance known. I also like the formal announcement and ability to congratulate the winner and thank the loser for their well-run competition. All very civil and proper and makes positive feelings all around. If done right.