2020-11-11T10:55:49-06:00 2019-12-31 420714325 RSM US LLP 1861 INTERNATIONAL DRIVE SUITE 400 MCLEAN VA 22102 990 2019-01-01 131142150 PACKAGING MACHINERY MANUFACTURERS INSTITUTE PACK 5716123200 12930 WORLDGATE DRIVE NO 200 HERNDON VA 20170 JIM PITTAS PRESIDENT AND CEO 5716123200 2020-11-06 1 KRISTEN BARNETT P01234578 7033366400 2020-11-06 72.186.195.247 2020-11-06 11:48:49 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9C094809E1B7091F026DF4A8AB44F39DF27D1C5E 2019 2022-01-07 14:23:13Z X PMMI JIM PITTAS 12930 WORLDGATE DRIVE NO 200 HERNDON VA 20170 59331942 0 X WWW.PMMI.ORG X 1933 DE PMMI IMPROVES AND PROMOTES MEMBERS' ABILITIES TO SUCCEED IN A GLOBAL MARKETPLACE. 17 17 142 200 18213202 0 0 0 74180083 56635432 1099870 1005991 3459633 1690519 78739586 59331942 82559 458028 0 0 19546724 19835848 0 0 0 53660872 42306290 73290155 62600166 5449431 -3268224 62325177 62273225 29498694 28423057 32826483 33850168 PMMI IMPROVES AND PROMOTES MEMBERS' ABILITIES TO SUCCEED IN A GLOBAL MARKETPLACE. 0 0 EXHIBIT: DEVELOPS THE PROMOTION AND SPONSORSHIP OF PACK EXPO INTERNATIONAL AND PACK EXPO LAS VEGAS, WHICH ARE HELD IN ALTERNATING YEARS IN CHICAGO, ILLINOIS AND LAS VEGAS, NEVADA RESPECTIVELY. 2,030 EXHIBITORS AND 31,007 ATTENDEES AT THE 2019 LAS VEGAS SHOW. EXHIBITOR SERVICES & SHOW MANAGEMENT: PROVIDES EXHIBITOR CONTRACTOR SERVICES AT PACK EXPO INTERNATIONAL AND PACK EXPO LAS VEGAS, WHICH ARE HELD IN ALTERNATING YEARS IN CHICAGO, ILLINOIS AND LAS VEGAS, NEVADA, RESPECTIVELY. MEDIA GROUP: PROVIDES LEADING EDGE PRINT AND MEDIA TECHNOLOGIES THAT SERVE AS AN INTERACTIVE KNOWLEDGE EXCHANGE FOR THE PROCESSING AND PACKAGING SUPPLY CHAIN THROUGHOUT THE YEAR. CIRCULATION: 229,000. PUBLICATIONS ISSUED: 44. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 157 0 1 142 1 1 1 1 MX 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X CRAIG SILVERIO 5716123200 12930 WORLDGATE DRIVE NO 200 HERNDON VA 20170 MARK ANDERSON CHAIRMAN 2.00 2.00 X X 0 0 0 EMMANUEL CERF VICE CHAIRMAN 2.00 2.00 X X 0 0 0 PAUL IRVINE IMMED. PAST CHAIRMAN 2.00 X X 0 0 0 PATTY ANDERSEN BOARD MEMBER 2.00 X 0 0 0 SHARRON GILBERT BOARD MEMBER 2.00 X 0 0 0 DANA GREENLY BOARD MEMBER 2.00 X 0 0 0 ED HOWE BOARD MEMBER 2.00 X 0 0 0 MATT JONES BOARD MEMBER 2.00 X 0 0 0 BRUCE LARSON BOARD MEMBER 2.00 X 0 0 0 ROSS LONG BOARD MEMBER 2.00 X 0 0 0 DAVE NAVIN BOARD MEMBER 2.00 X 0 0 0 VIGGO NIELSEN BOARD MEMBER 2.00 X 0 0 0 MIKE ODOM BOARD MEMBER 2.00 X 0 0 0 MARTIN PRAKKEN BOARD MEMBER 2.00 X 0 0 0 OLE RYGH BOARD MEMBER 2.00 X 0 0 0 JONATHON TITTERTON BOARD MEMBER 2.00 X 0 0 0 NANCY WILSON BOARD MEMBER 2.00 X 0 0 0 JAMES PITTAS PRESIDENT & CEO 38.00 2.00 X 747197 39327 77128 CRAIG SILVERIO VP, FINANCE 38.00 2.00 X 385267 20277 68521 JOSEPH ANGEL PRESIDENT/PUBLISHER 40.00 X 437193 0 68161 GLEN LONG SVP, INDUSTRY SERVICES 40.00 X 398939 0 57483 DAVID NEWCORN SVP, DIGITAL & DATA 40.00 X 372490 0 77999 JAMES CHRZAN VP, CONTENT & BRAND STRATEGY 40.00 X 371905 0 75236 WENDY SAWTELL VP SALES 40.00 X 370694 0 74494 THOMAS EGAN VP, INDUSTRY SERVICES 40.00 X 349111 0 68376 3432796 59604 567398 56 0 1 0 FREEMAN PO BOX 650036 DALLAS TX 75265 TRADE SHOW GEN CONTRACTOR 11449138 THE EXPO GROUP LLP 5931 W CAMPUS CIRCLE DR IRVING TX 75063 3RD PARTY BILLING SERVICES 4672166 EMPLOYCO GROUP INC 350 WEST OGDEN AVENUE WESTMONT IL 60559 PROFESSIONAL EMPLOYER ORG 2373959 FIXATION MARKETING 901 NORTH STUART STREETSUITE 503 ARLINGTON VA 22203 MARKETING 2298989 LAS VEGAS CONVENTION CENTER 3150 PARADISE ROAD LAS VEGAS NV 89109 EXHIBIT HALL RENTAL 1634538 58 EXHIBITS & MEETINGS 900099 35739650 34819268 920382 PUBLICATIONS & MEDIA 541800 17719644 17455904 263740 MEMBERSHIP DUES 900099 1514945 1514945 PACKEXPO.COM 900099 757298 757298 PROFOOD TECH EXPO 900099 496317 496317 407578 324160 83418 56635432 1005991 1005991 EARNINGS FROM SUBS 900099 960722 960722 EXPO PACK COMMISSIONS 900099 690955 690955 OTHER INCOME 900099 38842 38842 1690519 59331942 38806367 18213202 2312373 X 458028 1776185 12693044 2487603 1876157 1002859 86536 127012 119049 19965546 2155387 1187599 1513004 2128295 1608433 4161979 1375195 318601 COMMISSIONS 2466276 PRINTING & PUBLICATIONS 2317292 EQUIPMENT MAINTENANCE 567839 TEMP HELP 243412 1964835 62600166 7110087 4261273 3293705 2822904 9955 3513 1084146 988266 7511758 2954215 2173982 4557543 34102522 36902539 2287958 996740 12262822 11740447 62325177 62273225 18106831 13266705 8590977 10832503 2800886 4323849 29498694 28423057 X 32826483 33850168 32826483 33850168 62325177 62273225 -3268224 4291909 0 X X 0 1 X 1 0 0 1 0 3868836 979877 2888959 3642922 1974338 1668584 4557543 INTANGIBLE ASSET - UNAMORTIZABLE GOODWILL 9777956 DEFERRED COSTS 1105447 DEFERRED COMPENSATION INVESTMENTS 844575 DUE TO RELATED ENTITIES 12469 11740447 DEFERRED COMPENSATION 844575 DEFERRED RENT 3479274 4323849 X 66517678 4291909 3012876 7304785 59212893 119049 119049 59331942 65458934 2977817 2977817 62481117 119049 119049 62600166 PART X, LINE 2: THE INSTITUTE IS EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. HOWEVER, THE INSTITUTE IS SUBJECT TO INCOME TAX ON ITS UNRELATED BUSINESS ACTIVITIES, SUCH AS PRINT AND ONLINE ADVERTISING AND, AS A RESULT OF ADVERTISING COSTS. THE INSTITUTE HAS NET NO TAXABLE INCOME RESULTING FROM ITS ADVERTISING REVENUE. THE INSTITUTE IS ALSO SUBJECT TO A 5% WITHHOLDING TAX ON DIVIDEND DISTRIBUTIONS RECEIVED FROM EXPO PACK. THE INSTITUTE HAS GENERATED NET OPERATING LOSS CARRY-FORWARDS FROM ACTIVITIES OF PRIOR YEARS, WHICH WERE UNRELATED TO THE INSTITUTE'S EXEMPT PURPOSE AND SUBJECT TO INCOME TAX. THE NET OPERATING LOSS CARRY-FORWARDS, WHICH MAY BE APPLIED AGAINST FUTURE YEARS' TAXABLE INCOME, TOTALED $7,284,568 AT JANUARY 1, 2019. THE NET OPERATING LOSS CARRY-FORWARDS WILL EXPIRE AT VARIOUS DATES STARTING IN 2020 THROUGH 2035. HOWEVER, A 100% VALUATION ALLOWANCE AGAINST THE DEFERRED TAX ASSET HAS BEEN RECOGNIZED DUE TO THE UNCERTAINTY OF REALIZING A BENEFIT FROM THE NET OPERATING LOSS CARRY-FORWARDS. THEREFORE, THE DEFERRED TAX ASSET, NET OF VALUATION ALLOWANCE, TOTALED $0 AT DECEMBER 31, 2019 AND 2018. ON DECEMBER 22, 2017, THE PRESIDENT OF THE UNITED STATES SIGNED INTO LAW THE TAX CUTS AND JOBS ACT (TCJA) TAX REFORM LEGISLATION. THIS LEGISLATION MAKES SIGNIFICANT CHANGES IN U.S. TAX LAW INCLUDING A REDUCTION IN THE CORPORATE TAX RATES, CHANGES TO NET OPERATING LOSS CARRYFORWARDS AND CARRYBACKS, AND A REPEAL OF THE CORPORATE ALTERNATIVE MINIMUM TAX. THE PROVISIONS OF THE TCJA DID NOT HAVE A MATERIAL IMPACT ON THE 2019 AND 2018 FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE INSTITUTE'S TAX POSITIONS AND CONCLUDED THAT THE INSTITUTE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: EXPOPACK REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 4,489,113. EPASE REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 529,538. PMMI FOUNDATION REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 633,468. ELIMINATION ENTRIES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS -2,639,243. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPOPACK EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 3,618,007. EPASE EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 520,951. PMMI FOUNDATION EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 598,409. ELIMINATION ENTRIES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS -1,759,550. NORTH AMERICA 0 0 INVESTMENTS IN REGION 996740 0 0 0 0 0 0 996740 0 996740 0 0 1 0 0 0 PART I, LINE 3: THE ORGANIZATION USES GAAP TO REPORT EXPENDITURES IN FOREIGN REGIONS. PART III ACCOUNTING METHOD: 1 PMMI EDUCATION AND TRAINING FOUNDATION 12930 WORLDGATE DRIVE SUITE 200 HERNDON VA 20170 541820667 501(C)(3) 458028 OPERATIONS 1 0 PART I, LINE 2: GRANTS ARE MADE TO PMMI EDUCATION & TRAINING FOUNDATION, A RELATED SUPPORTING ORGANIZATION, AND ARE RESTRICTED TO USES THAT SUPPORT THE CHARITABLE AIMS OF PMMI. PMMI MAINTAINS OVERSIGHT OF EXPENDITURES MADE BY THE FOUNDATION. X X X 0 1 X X 0 0 0 JAMES PITTAS PRESIDENT & CEO 527287 27752 79451 4182 140459 7393 43688 2299 29584 1557 820469 43183 0 0 CRAIG SILVERIO VP, FINANCE 346090 18215 35454 1866 3723 196 43688 2299 21407 1127 450362 23703 0 0 JOSEPH ANGEL PRESIDENT/PUBLISHER 393362 0 30000 0 13831 0 45987 0 22174 0 505354 0 0 0 GLEN LONG SVP, INDUSTRY SERVICES 358125 0 35750 0 5064 0 45435 0 12048 0 456422 0 0 0 DAVID NEWCORN SVP, DIGITAL & DATA 336718 0 33200 0 2572 0 45987 0 32012 0 450489 0 0 0 JAMES CHRZAN VP, CONTENT & BRAND STRATEGY 327765 0 32304 0 11836 0 45987 0 29249 0 447141 0 0 0 WENDY SAWTELL VP SALES 302063 0 40000 0 28631 0 44787 0 29707 0 445188 0 0 0 THOMAS EGAN VP, INDUSTRY SERVICES 312750 0 30750 0 5611 0 45987 0 22389 0 417487 0 0 0 PART I, LINE 1A PMMI REIMBURSED CERTAIN STAFF MEMBERS FOR SPOUSAL TRAVEL. EACH INDIVIDUAL WAS APPRISED OF THE TAXABLE NATURE OF SUCH REIMBURSMENT BY WAY OF A FORM W-2 ADDITION TO COMPENSATION: -JAMES PITTAS: $2,517 -JOSEPH ANGEL: $412 PMMI PAID FOR A SOCIAL CLUB MEMBERSHIP OF $10,070 AND A TAX GROSS UP OF $122,210 FOR ITS PRESIDENT AND CEO DURING 2019. ALL AMOUNTS ARE PROPERLY REPORTED ON FORM W-2 AND IN FORM 990, PART VII AND ON FORM 990, SCHEDULE J, PART II. PART I, LINE 1B PMMI HAS WRITTEN POLICIES ON EVERYTHING EXCEPT FOR SPOUSAL TRAVEL. PMMI'S SPOUSAL TRAVEL POLICY IS NOT EXPLICITLY WRITTEN OUT, BUT IS AN OFFICIAL POLICY AND IS CARRIED OUT CONSISTENTLY. FORM 990, PART VI, SECTION A, LINE 1 PMMI HAS AN EXECUTIVE COMMITTEE COMPOSED OF THE OFFICERS OF THE INSTITUTE. THE EXECUTIVE COMMITTEE EXERCISES ALL OF THE POWERS OF THE BOARD IN BETWEEN MEETINGS OF THE FULL BOARD, EXCEPT AS LIMITED BY LAW. THE EXECUTIVE COMMITTEE KEEPS MINUTES OF ITS MEETINGS AND REPORTS ITS ACTIONS TO THE FULL BOARD AT THE FIRST BOARD MEETING FOLLOWING ANY ACTIONS TAKEN. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF PMMI IS DIVIDED INTO EIGHT (8) CLASSES: CHARTER, GENERAL (VOTING), HONORARY, SUPPLIER, MATERIALS, PROCESSING, ASSOCIATE, AND AFFILIATED SUPPLIER. CHARTER MEMBERS: ALL APPLICANTS WHO JOINED DURING 1933 WERE CHARTER MEMBERS. GENERAL MEMBERS: ANY LEGAL ENTITY, FIRM OR CORPORATION OR SUBSIDIARY OR DIVISION THEREOF MAINTAINING OFFICES AND MANUFACTURING FACILITIES IN THE UNITED STATES, CANADA OR MEXICO SHALL BE ELIGIBLE FOR MEMBERSHIP IN THE INSTITUTE PROVIDED: 1. THEY ARE ENGAGED IN THE MANUFACTURING OF PACKAGING MACHINERY, OR PACKAGING-RELATED CONVERTING EQUIPMENT, OR PROCESSING MACHINERY AS DEFINED IN PMMI'S BYLAWS; 2. HAVE BEEN ENGAGED IN THIS ACTIVITY IN THE U.S., CANADA OR MEXICO FOR A PERIOD OF TWO YEARS PRIOR TO APPLICATION; 3. HAVE APPLIED FOR SUCH MEMBERSHIP AND FOR ALL SERVICES AND PRIVILEGES OF MEMBERSHIP AND HAVE BEEN ELECTED BY THE AFFIRMATIVE VOTE OF THE MAJORITY OF THE BOARD OF DIRECTORS TO SUCH MEMBERSHIP; 4. HAVE AGREED TO PAY ALL FEES, DUES, AND ASSESSMENTS REQUIRED TO MEET THE EXPENSES OF THE INSTITUTE; AND 5. AGREE TO ABIDE BY PMMI'S BYLAWS. HONORARY MEMBERS: ANY INDIVIDUAL WHO HAS RENDERED DISTINGUISHED SERVICE TO THE INSTITUTE OR TO THE PACKAGING MACHINERY INDUSTRY, MAY BE ELECTED TO HONORARY MEMBERSHIP IN THE INSTITUTE, BY THE BOARD AND BY THE MEMBERSHIP. SUPPLIER MEMBERS: ANY LEGAL ENTITY, FIRM OR CORPORATION OR SUBSIDIARY OR DIVISION THEREOF THAT IS ENGAGED IN THE MANUFACTURING OF COMMERCIALLY AVAILABLE PACKAGING MACHINERY COMPONENTS AND THAT IS NOT ENGAGED IN THE MANUFACTURING OF PACKAGING MACHINERY, OR PACKAGING-RELATED CONVERTING EQUIPMENT, OR PROCESSING MACHINERY AS DEFINED IN THE BYLAWS, MAY APPLY FOR MEMBERSHIP IN THE INSTITUTE AS A SUPPLIER MEMBER. MATERIALS MEMBERS: ANY LEGAL, FIRM OR CORPORATION OR SUBSIDIARY OR DIVISION THEREOF THAT IS ENGAGED IN THE MANUFACTURING OF COMMERICALLY AVAILABLE PACKAGING MATERIALS AND CONTAINERS AND THAT IS NOT ENGAGED IN THE MANUFACTURING OF PACKAGING MACHINERY, OR PACKAGING-RELATED CONVERTING EQUIPMENT, OR PROCESSING MACHINERY AS DEFINED IN PMMI'S BYLAWS, MAY APPLY FOR MEMBERSHIP IN THE INSTITUTE AS A MATERIALS MEMBER. ASSOCIATE MEMBER: ANY LEGAL ENTITY, FIRM OR CORPORATION OR SUBSIDIARY OR DIVISION THEREOF ENGAGED IN THE MANUFACTURING OF PACKAGING MACHINERY OR PACKAGING-RELATED CONVERTING EQUIPMENT OR PROCESSING MACHINERY AND THAT HAS A PRESENCE, AS DETERMINED BY THE BOARD OF DIRECTORS, IN THE UNITED STATES, CANADA, OR MEXICO, BUT DOES NOT MEET THE REQUIREMENTS OF GENERAL MEMBERSHIP, MAY APPLY FOR MEMBERSHIP IN THE INSTITUTE AS AN ASSOCIATE MEMBER. AFFILIATED SUPPLIER MEMBER: ANY LEGAL ENTITY, FIRM OR CORPORATION OR SUBSIDIARY OR DIVISION THEREOF THAT IS ENGAGED IN THE PROVISION OF SERVICES TO THE PACKAGING OR PROCESSING INDUSTRIES, BUT IS NOT ENGAGED IN THE MANUFACTURING OF PACKAGING OR PROCESSING MACHINERY COMPONENTS, PACKAGING MATERIALS OR CONTAINERS, OR PACKAGING MACHINERY OR PACKAGING-RELATED CONVERTING EQUIPMENT OR PROCESSING MACHINERY AS DEFINED IN SECTIONS 3(A) AND 3(B) OF THIS ARTICLE, MAY APPLY FOR MEMBERSHIP IN THE INSTITUTE AS AN AFFILIATED SUPPLIER MEMBER. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS SHALL BE ELECTED BY THE MEMBERSHIP. THE ELECTION OF NEW DIRECTORS BY MEMBERS SHALL BE HELD THE FIRST DAY OF THE ANNUAL MEETING. AT LEAST TWENTY DAYS PRIOR TO THE ANNUAL MEETING THE NOMINATING COMMITTEE - CONSISTING OF THE IMMEDIATE PAST CHAIRMAN, WHO SHALL SERVE AS THE CHAIRMAN OF THE NOMINATING COMMITTEE; CHAIRMAN OF THE BOARD; AND VICE CHAIRMAN - SHALL MEET TO SELECT A SLATE OF CANDIDATES TO FILL ANY FULL FOUR (4) YEAR TERM, OR ANY VACANCY FOR A SHORTER TERM SHOULD THE NEED ARISE. IN SELECTING THE SLATE OF QUALIFIED NOMINEES TO BE PRESENTED TO THE MEMBERSHIP, THE NOMINATING COMMITTEE SHALL TAKE INTO CONSIDERATION THE OVERALL COMPANY SIZE AND GEOGRAPHIC MAKE UP OF THE EXISTING BOARD AND SHALL, TO THE EXTENT PRACTICABLE, SELECT NOMINEES THAT WILL MAINTAIN A WELL-BALANCED BOARD, REFLECTING THE INSTITUTE'S MEMBERSHIP. NO EXECUTIVE REPRESENTATIVE OF A MEMBER IN AN AFFILIATED GROUP, AS DEFINED IN SECTION 3(C) OF ARTICLE II OF THESE BYLAWS, SHALL BE ELIGIBLE FOR NOMINATION IF ANOTHER MEMBER IS ALREADY A MEMBER OF THE CURRENT BOARD. ONLY ONE NOMINATION FROM AN AFFILIATED GROUP CAN BE CONSIDERED BY THE NOMINATING COMMITTEE. TEN (10) DAYS PRIOR TO THE ANNUAL MEETING, THE PRESIDENT SHALL NOTIFY THE MEMBERS IN WRITING OF THE SLATE OF NOMINEES FOR THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ALTERATIONS OR AMENDMENTS OF THESE BYLAWS MAY BE PROPOSED BY THE BOARD OF DIRECTORS OR BY PETITION SIGNED BY AT LEAST TWENTY PERCENT (20%) OF THE GENERAL MEMBERS OF THE INSTITUTE. BYLAWS MAY BE ALTERED OR AMENDED BY A MAJORITY VOTE OF THE GENERAL MEMBERS PRESENT AND VOTING AT ANY MEETING OF THE INSTITUTE AT WHICH A QUORUM IS PRESENT PROVIDED THAT NOTICE OF SUCH ALTERATION OR AMENDMENT SHALL HAVE BEEN GIVEN TO THE MEMBERS IN WRITING NOT LESS THAN FOURTEEN (14) DAYS PRIOR TO THE DATE OF THE MEETING AT WHICH SUCH MATTER IS TO BE VOTED UPON. GENERAL MEMBERS MAY ALSO CHOOSE TO VOTE BY BALLOT. BALLOTS MUST BE RECEIVED BY THE VICE-CHAIRMAN, OR HIS OR HER DESIGNEE, TWENTY-FOUR (24) HOURS BEFORE THE MEETING VOTE, THE BOARD OF DIRECTORS MAY, ON ITS OWN AUTHORITY, EFFECT AMENDMENTS TO THESE BYLAWS THAT ARE EDITORIAL IN NATURE AND DO NOT AFFECT THE SUBSTANCE OF ANY PROVISION. HONORARY PMMI MEMBERS, AS PREVIOUSLY DESCRIBED, ARE INITIALLY SELECTED BY UNANIMOUS VOTE OF THE BOARD OF DIRECTORS PRESENT AT ANY BOARD MEETING, AND BY TWO-THIRDS VOTE OF THE MEMBERS PRESENT AT A SUBSEQUENT GENERAL MEMBERSHIP MEETING. THE BOARD OF DIRECTORS, AS EMPOWERED BY AN AFFIRMATIVE VOTE OF TWO-THIRDS OF ALL PMMI MEMBERS, MAY SUSPEND OR EXPEL A MEMBER FOR CAUSE AFTER PROVIDING THE MEMBER WITH REASONABLE NOTICE AND OPPORTUNITY TO ANSWER THE CHARGES AGAINST IT AND AN APPROPRIATE HEARING. THE BOARD OF DIRECTORS SHALL HAVE POWER TO ESTABLISH DIVISIONS OF PMMI UNDER SUCH REGULATIONS AS MAY BE VOTED BY THE MEMBERSHIP. THE BOARD OF DIRECTORS SHALL ALSO HAVE POWER TO ESTABLISH DIVISIONS TENTATIVELY, SUBJECT TO RATIFICATION BY THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE PMMI 990 IS REVIEWED BY MEMBERS OF THE EXECUTIVE COMMITTEE AND APPROPRIATE STAFF PERSONS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C PMMI REQUIRES ANNUAL DISCLOSURES BY ALL BOARD MEMBERS, AND SUCH DISCLOSURES ARE REVIEWED FOR COMPLIANCE AND TO ENSURE RECUSAL OR OTHER APPROPRIATE CONDUCT BY ANY CONFLICTED DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE RESPONSIBILITY FOR ASSESSING THE PRESIDENT AND CEO'S ANNUAL PERFORMANCE AND DETERMINING HIS ANNUAL PAY CHANGE IS THAT OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS (THE COMMITTEE). THE COMMITTEE USES A COMBINATION OF GOAL SETTING AND COMPETENCIES TO EVALUATE PERFORMANCE. THE ANNUAL PERFORMANCE CYCLE IS 12 MONTHS WITH TWO FORMAL MEETING EACH YEAR - PERFORMANCE FEEDBACK /PLANNING MEETING AND A MID CYCLE REVIEW. THE PERFORMANCE CYCLE COVERS A 12-MONTH PERIOD BEGINNING ON THE EMPLOYMENT ANNIVERSARY DATE EACH YEAR. THE CYCLE PROVIDES A CONTEXT FOR ALL WORK-RELATED PERFORMANCE AND BEHAVIOR. THE ACTIVITIES THAT OCCUR WITHIN THE CYCLE - PLANNING, OBSERVING AND REVIEWING PERFORMANCE, AND PROVIDING FEEDBACK - ARE ONGOING. THE PRESIDENT AND CEO DEVELOPS A PERFORMANCE PLAN WHICH IS SUBMITTED TO THE COMMITTEE FOR REVIEW AND APPROVAL. THE CHAIR OF THE EXECUTIVE COMMITTEE (THE CHAIR) COMMUNICATES WITH THE PRESIDENT AND CEO PERIODICALLY THROUGHOUT THE PERFORMANCE PERIOD TO DISCUSS THE ORGANIZATION'S RESULTS AND ADJUST THE PLAN AS NECESSARY. THE FORMAL EVALUATION BETWEEN THE PRESIDENT AND CEO AND THE COMMITTEE OCCURS AT THE END OF THE ANNUAL CYCLE. THE CHAIR IS RESPONSIBLE FOR MEETING WITH THE PRESIDENT AND CEO TO REVIEW HIS PERFORMANCE RESULTS AFTER COLLABORATION WITH THE COMMITTEE. THE FORMAL EVALUATION INCLUDES SUMMARIZING AND DOCUMENTING THE PRESIDENT AND CEO'S PERFORMANCE OVER THE PAST 12 MONTHS. THE COMMITTEE ACCESSES RESOURCES TO REVIEW THE EXTERNAL COMPETIVENESS OF THE PRESIDENT/CEO'S COMPENSATION PACKAGE IN THE CONTEXT OF THOSE PROVIDED TO EXECUTIVES IN COMPARABLE TRADE ASSOCIATIONS BASED ON INDUSTRY TYPE AND ANNUAL OPERATING BUDGETS. DATA IS COLLECTED REGULARLY TO ASSESS THE EXTERNAL COMPETIVENESS OF COMPENSATION FOR THE KEY EMPLOYEE POSITIONS. THIS DATA INCLUDES ANALYZING JOB CONTENT AND BENCHMARKING COMPENSATION FOR SIMILAR POSITIONS IN THE VARIOUS LABOR MARKETS IN WHICH THE ORGANIZATION COMPETES FOR EXECUTIVE TALENT. THIS INFORMATION IS UTILIZED TO OBTAIN CURRENT MARKET PAY DATA ACROSS THESE MARKETS FOR USE IN ESTABLISHING THE INTERNAL COMPENSATION STRUCTURE. ADDITIONAL BENCHMARKING DATA IS AVAILABLE TO THE COMMITTEE FROM OTHER SOURCES THAT HAVE COMPLETED A MARKET ANALYSIS BASED ON SURVEY RESULTS FROM DATA FROM COMPARABLE ORGANIZATIONS IN THE TRADE ASSOCIATION INDUSTRY. KEY EMPLOYEES: THE RESPONSIBILITY FOR ASSESSING THE ANNUAL PERFORMANCE AND PAY CHANGES FOR KEY EMPLOYEES IS THAT OF THE PRESIDENT AND CEO. THE PROCESS INCLUDES A COMBINATION OF GOAL SETTING AND COMPETENCIES TO EVALUATE PERFORMANCE. THE PERFORMANCE CYCLE COVERS A 12-MONTH PERIOD BEGINNING ON THE EMPLOYMENT ANNIVERSARY DATE EACH YEAR. IN ADDITION, EACH CALENDAR YEAR, INDIVIDUAL GOAL SETTING OCCURS AFTER THE PRIORITY GOALS FOR THE ORGANIZATION HAVE BEEN DOCUMENTED. THE GOALS OF THE KEY EMPLOYEES ARE IN SUPPORT OF THE OVERALL GOALS OF THE ORGANIZATION. COLLECTIVELY, THESE TWO PROCESSES PROVIDE THE CONTEXT FOR ALL WORK-RELATED PERFORMANCE AND BEHAVIOR. THE ACTIVITIES THAT OCCUR WITHIN THESE CYCLES - PLANNING, OBSERVING AND REVIEWING PERFORMANCE AND PROVIDING FEEDBACK ARE ONGOING. THE PERFORMANCE PLAN FOR KEY EMPLOYEES IS ADDRESSED BOTH IN THE PERFORMANCE APPRAISAL DOCUMENT AND DURING THE GOAL SETTING PROCESS AS APPROPRIATE AND ARE REVIEWED AND APPROVED BY THE CEO. FORMAL EVALUATION BETWEEN THE KEY EMPLOYEES AND THE PRESIDENT/CEO OCCURS BOTH AT THE END OF THE ANNUAL CYCLE AND THE CALENDAR YEAR CYCLE AND INCLUDES SUMMARIZING AND DOCUMENTING THE KEY EMPLOYEES' PERFORMANCE OVER EACH 12 MONTH PERIOD. FORM 990, PART VI, SECTION C, LINE 19 PMMI DOES NOT GENERALLY MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G CONSULTING FEES 1,179,978. OTHER PROFESSIONAL FEES 18,785,568. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. PACK EXPO SERVICES LLC 12930 WORLDGATE DRIVE 200 HERNDON VA 20170 770603356 EXHIBITOR CONTRACTOR SERVICES VA 15558131 7228802 PMMI PMMI EDUCATION AND TRAINING FOUNDATION 12930 WORLDGATE DRIVE 200 HERNDON VA 20170 541820667 PERFORMS THE CHARITABLE, EDUCATIONAL, & SCIENTIFIC FUNCTIONS OF PMMI VA 501(C)(3) LINE 12A, I PMMI 1 EXPO PACK MEXICO SA DE CV HOMERO NO 418 PISO 7 COL CHAPULTEPEC MORALES MX D F 11570 TRADE SHOW MX PMMI C 4489113 5211108 1.00000 1 EP ADMINISTRACION Y SERVICIOS PARA EXPOSICIONES SA DE CV HOMERO NO 418 PISO 3 COL CHAPULTEPEC MORALES MX D F 11570 ORGANIZATIONAL AND PERSONNEL SERVICES FOR EXPO PACK MEXICO MX PMMI C 529538 190906 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 PMMI EDUCATION AND TRAINING FOUNDATION B 458028 CASH EXPO PACK MEXICO SA DE CV R 1546778 CASH EXPO PACK MEXICO SA DE CV S 2251353 CASH EXPO PACK MEXICO SA DE CV S 663414 SALES COMMISSION