Re: a 75 word sequence of events
For me, yes, some kind of narrative/plot is important. I wouldn't wholly dismiss a piece which was wholly reflective, but it would have an uphill battle to win my vote. A piece which was simply description would fall at the first hurdle, no matter how well written.
I like good endings, and good beginnings, come to that! I prefer thought to have gone into word choice, and stories which have grammatical and spelling mistakes get marked down. But very often it comes down to whether a story grabs me or not.