2018-11-09T18:20:36-06:00 2017-12-31 814234542 BPM LLP 10 ALMADEN BOULEVARD SUITE 1000 SAN JOSE CA 951132238 990 2017-01-01 941751440 SEMI SEMI 4089436900 673 SOUTH MILPITAS BOULEVARD MILPITAS CA 950355446 RICHARD SALSMAN CFO & VP OPERATIONS 4089436900 2018-11-08 1 MICHAEL STEPHEN SCHAFFER P00210063 4089616300 2018-11-08 208.184.139.130 2018-11-08 19:16:25 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 FD6251F6FB7123D4B026EB6814EBA84C6E349BAE 2017 2019-02-21 02:37:17Z AJIT MANOCHA 673 SOUTH MILPITAS BOULEVARD MILPITAS CA 950355446 46223209 0 X HTTP://WWW.SEMI.ORG X 1970 CA SEMI IS A NOT-FOR-PROFIT ORGANIZATION FORMED TO PROMOTE AND SUPPORT THE GLOBAL ELECTRONICS SUPPLY CHAIN.SEMI MEMBERS CONSIST OF CORPORATIONS, COMPANIES, FIRMS, OR ORGANIZATIONS, OR DEPARTMENTS OR SUBDIVISIONS THEREOF, WHOSE INTEREST OR CORPORATE OBJECTIVE IS IN THE GLOBAL ELECTRONICS SUPPLY CHAIN; PROVIDED THAT SUCH ENTITIES SHALL NOT BECOME VOTING MEMBERS EXCEPT UPON PAYMENT OF SUCH INITIATION FEES AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS. 18 17 94 5601 198974 -24733 0 0 41958559 43052604 265700 353689 2356214 2785221 44580473 46191514 0 0 0 0 15147569 15970547 0 0 0 27542777 26939263 42690346 42909810 1890127 3281704 72350874 77887401 32643235 33821630 39707639 44065771 SEMI IS A NOT-FOR-PROFIT ORGANIZATION FORMED TO PROMOTE AND SUPPORT THE GLOBAL ELECTRONICS SUPPLY CHAIN. 0 0 SEMI'S PROGRAM IS TO SUPPORT THE GLOBAL ELECTRONICS SUPPLY CHAIN THROUGH TRADE SHOWS, CONFERENCES, SEMINARS, DEVELOPMENT OF INDUSTRY STANDARDS, ALONG WITH THE PUBLICATION OF MARKET AND INDUSTRY RESEARCH REPORTS. SEMI'S MARKET AND INDUSTRY RESEARCH REPORTS INCLUDE WORLD FAB FORECAST AND CAPITAL EQUIPMENT CONSENSUS FORECASTS. SEMI PARTNERS WITH A VARIETY OF ORGANIZATIONS TO DELIVER TECHNICAL CONTENT COVERING WAFER FABRICATION, ASSEMBLY, ADVANCE PACKAGING, YIELD IMPROVEMENT, METROLOGY, SEMICONDUCTOR PHYSICS, IC DESIGN, OPTICS, RELIABILITY, MEMS, LED, PV, AND FLEXIBLE HYBRID ELECTRONICS. 0 0 0 1 0 0 0 0 0 1 1 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 X 53 0 94 1 1 1 1 CH KS JA IN BE GM TW SN 0 0 0 0 X 18 17 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 CA X RICHARD SALSMAN 4089436900 673 SOUTH MILPITAS BLVD MILPITAS CA 950355446 TETSUO TSUNEISHI CHAIRMAN 1.00 X X 0 0 0 YONG HAN LEE PAST CHAIRMAN 1.00 X X 0 0 0 AJIT MANOCHA PRESIDENT & CEO (FROM 3/17) 40.00 2.00 X X 444765 0 364517 MARY G PUMA SECRETARY/TREASURER 1.00 X X 0 0 0 JON D KEMP TRUSTEE 1.00 X 0 0 0 DAISUKE MURATA TRUSTEE 1.00 X 0 0 0 MIKE ALLISON TRUSTEE 1.00 X 0 0 0 TIEN WU TRUSTEE 1.00 X 0 0 0 SUE LIN TRUSTEE 1.00 X 0 0 0 XINCHAO WANG TRUSTEE 1.00 X 0 0 0 NOBU KOSHIBA TRUSTEE 1.00 X 0 0 0 GUOMING ZHANG TRUSTEE 1.00 X 0 0 0 KEVIN CROFTON TRUSTEE 1.00 X 0 0 0 TADAHIRO SUHARA TRUSTEE 1.00 X 0 0 0 MARTIN ANSTICE TRUSTEE 1.00 X 0 0 0 KYU DONG SUNG TRUSTEE 1.00 X 0 0 0 STEPHEN S SCHWARTZ TRUSTEE 1.00 X 0 0 0 BERTRAND LOY VICE CHAIRMAN 1.00 X X 0 0 0 RICHARD J SALSMAN CFO AND VICE PRESIDENT OPERATIONS 40.00 2.00 X 530799 0 233312 PETER GILLESPIE CHIEF MARKETING OFFICER 40.00 X 357932 0 167970 FRANK SHEMANSKY EXECUTIVE DIRECTOR & CTO, MSIG 40.00 X 201384 0 99893 LESLIE T GUTTADAURO EXEC DIR EMERITUS, FOA 40.00 X 476819 0 1920 MELISSA GRUPEN-SHEMANSKY EXECUTIVE DIRECTOR, FLEXTECH & CTO 40.00 X 281610 0 125948 MICHAEL CIESINSKI PRES, FLEXTECH ALLIANCE 40.00 X 322400 0 156933 DENNIS P MCGUIRK PRESIDENT & CEO (TO 3/17) 40.00 2.00 X 836237 0 15687 DAVID B ANDERSON PRESIDENT, SEMI AMERICAS 40.00 X 239862 0 133489 ARTHUR PAREDES SR DIRECTOR OF GLOBAL EXPOSITIONS 40.00 X 200650 0 119024 BETTINA WEISS VP, BUSINESS DEVELOPMENT 40.00 X 297328 0 133627 THOMAS SALMON VP, COLLABORATIVE TECHNOLOGY 40.00 X 270418 0 108188 JAMES JACKMAN VP, FINANCE AND ADMIN 40.00 X 282914 0 122155 JONATHAN DAVIS VP, GLOBAL ADVOCACY 40.00 X 387598 0 152355 GERALDINE TAN CORPORATE CONTROLLER 40.00 X 218233 0 67833 LESLIE M TUGMAN EXECUTIVE DIRECTOR, SEMI FOUNDATION 40.00 X 202017 0 107865 LISA VAN HUYSTEE SR DIRECTOR FIN ANALYSIS 40.00 X 224861 0 75899 DANIEL TRACY SR DIRECTOR INDUSTRY RESEARCH 40.00 X 208169 0 65998 JAMES AMANO SR DIRECTOR INTERNATIONAL STANDARDS 40.00 X 202518 0 62220 6186514 0 2314833 50 0 1 0 FREEMAN EXPOSITIONS INC (FREEMANXP IN 1600 VICEROY SUITE 100 DALLAS TX 75235 TRADESHOW CONSTRUCTION SERVICE 793271 MARRIOT BUSINESS SERVICES 780 MISSION STREET SAN FRANCISCO CA 94103 VENUE FOR AMERICAS EVENTS 507901 GENERAL ELECTRIC COMPANY 500 1ST AVE NUMBER 645044 PITTSBURGH PA 15219 FEDERAL AWARD SUBRECIPIENT 482367 RSM US LLP 5155 PAYSPHERE CIRCLE CHICAGO IL 60674 ERP SYSTEM CONSULTING 435443 BPM LLP 600 CALIFORNIA STREET SUITE 600 SAN FRANCISCO CA 94108 AUDIT AND TAX SERVICES 369207 39 TRADESHOWS 541900 25111287 25111287 MEMBERSHIP DUES 541900 6552619 6552619 CONFERENCES 541900 3316619 3316619 SPONSORSHIP INCOME 541900 3041581 3041581 GOVERNMENT CONTRACTS 541900 2733417 2733417 2297081 2297081 43052604 350384 350384 1439355 1439355 35000 31695 3305 3305 3305 OTHER INCOME 900099 1146892 1146892 ADVERTISING 541800 198974 198974 1345866 46191514 44199496 198974 1793044 6223524 7934195 517968 551187 743673 4211111 216869 426113 1590089 70847 578806 1233311 4202291 1102015 9790322 40 422162 142516 GOVERNMENT CONTRACT PAY 2068902 BANK AND FINANCIAL CHAR 420090 PRE-EMPLOYMENT EXPENSES 228814 PRINTING 206503 28462 42909810 40342522 39610996 1362718 3444012 2153878 2066180 6046114 3611490 1775144 2434624 11494140 12436886 1511621 1511621 13710851 16383082 72350874 77887401 8293922 10026749 1706693 1764014 22642620 22030867 32643235 33821630 X 39707639 44065771 39707639 44065771 72350874 77887401 X 3281704 -92153 1168581 X 0 1 X 1 1 1 0 0 1 2506742 612559 146293 758852 748688 10164 1368051 259531 1108520 1161666 567970 593696 3516397 2783989 732408 2434624 CERTIFICATES OF DEPOSIT 12436886 C 12436886 INTERCOMPANY RECEIVABLES 16105229 VAT RECEIVABLES 20741 DEPOSIT 257112 16383082 ADVANCE DEPOSITS 18911725 POST-RETIREMENT BENEFITS 2277000 TAXES PAYABLE 842142 22030867 X PART X, LINE 2: SEMI IS A NOT-FOR-PROFIT TRADE ASSOCIATION RECOGNIZED BY THE IRS AND FTB AS EXEMPT FROM FEDERAL AND STATE INCOME TAXES IN THE UNITED STATES. HOWEVER, CERTAIN ACTIVITIES IN OTHER COUNTRIES, SUCH AS TRADE SHOWS, ARE SUBJECT TO FOREIGN INCOME TAXES ON INCOME GENERATED IN THEIR RESPECTIVE JURISDICTIONS. ACCORDINGLY, FOREIGN INCOME TAXES ARE INCLUDED IN GENERAL AND ADMINISTRATIVE EXPENSES FOR REGIONAL OFFICES IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. NET INCOME TAX EXPENSE WAS AS FOLLOWS FOR THE YEARS ENDED DECEMBER 31 (IN THOUSANDS): 2017 2016 CURRENT $230 $400 DEFERRED 30 10 -------------------------- $260 $410 NET DEFERRED TAX ASSETS INCLUDED IN DEFERRED EVENTS, STANDARDS AND INFORMATION REVENUES ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION APPROXIMATED $110,000 AND $70,000 AT DECEMBER 31, 2017 AND 2016, RESPECTIVELY. THE AMOUNTS CONSIST PRINCIPALLY OF DEFERRED REVENUES AND DEFERRED EXPENSES RELATED TO EXHIBITIONS, ACCRUALS, AND DEPRECIATION. NO VALUATION ALLOWANCE WAS RECORDED AT DECEMBER 31, 2017 AND 2016, AS THE GROUP CONCLUDED THAT ALL OF THE DEFERRED TAX ASSETS WILL BE REALIZED IN FUTURE YEARS. NET DEFERRED ASSETS ARE RECORDED AS DEFERRED EXPENSES AND OTHER CURRENT ASSETS ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AND ANY CHANGE IS RECORDED AS GENERAL AND ADMINISTRATIVE EXPENSES FOR INTERNATIONAL OFFICES ON THE STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. ADDITIONALLY, SEMI GENERATES UNRELATED BUSINESS INCOME, PRIMARILY FROM ITS ADVERTISING ACTIVITIES. THESE ACTIVITIES HAVE HISTORICALLY GENERATED LOSSES AND SEMI HAS ACCUMULATED NET OPERATING LOSS CARRYFORWARDS ("NOLS"). AS OF DECEMBER 31, 2017 AND 2016, SEMI HAD NOLS OF APPROXIMATELY $5,450,000 AND $5,420,000. THERE IS NO LIMITATION ON THE USE OF THESE NOLS AND THEY WILL BEGIN TO EXPIRE IN 2022. SEMI'S ABILITY TO UTILIZE THE NOLS OR REALIZE ANY BENEFITS IS UNCERTAIN, AND THEREFORE A FULL VALUATION ALLOWANCE HAS BEEN APPLIED AGAINST THEM. ON DECEMBER 22, 2017, THE TAX CUTS AND JOBS ACT (THE "2017 TAX ACT") WAS ENACTED. THE 2017 TAX ACT INCLUDES A NUMBER OF CHANGES TO EXISTING U.S. TAX LAWS THAT IMPACT THE COMPANY, MOST NOTABLY A REDUCTION OF THE U.S. CORPORATE INCOME TAX RATE FROM 35 PERCENT TO 21 PERCENT FOR TAX YEARS BEGINNING AFTER DECEMBER 31, 2017. THE COMPANY MEASURES DEFERRED TAX ASSETS AND LIABILITIES USING ENACTED TAX RATES THAT WILL APPLY IN THE YEARS IN WHICH THE TEMPORARY DIFFERENCES ARE EXPECTED TO BE RECOVERED OR PAID. ACCORDINGLY, THE COMPANYS DEFERRED TAX ASSETS AND LIABILITIES WERE RE-MEASURED TO REFLECT THE REDUCTION IN THE U.S. CORPORATE INCOME TAX RATE FROM 35 PERCENT TO 21 PERCENT. THERE IS NO NET EFFECT OF THE TAX REFORM ENACTMENT ON THE FINANCIAL STATEMENTS AT DECEMBER 31, 2017. THE GROUP'S TOTAL GROSS UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS NON-CURRENT LIABILITIES IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. AS OF DECEMBER 31, 2017 AND 2016, THE TOTAL AMOUNT OF GROSS UNRECOGNIZED TAX BENEFITS WAS APPROXIMATELY $788,000 AND $837,000, RESPECTIVELY, WHICH RESULTS ENTIRELY FROM FOREIGN TAXES AND IS INCLUDED IN OTHER LONG-TERM LIABILITIES IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. THE AGGREGATE CHANGES IN THE BALANCE OF GROSS UNRECOGNIZED TAX BENEFITS, WHICH INCLUDES INTEREST AND PENALTIES, ARE AS FOLLOWS (IN THOUSANDS): BALANCE AS OF JANUARY 1, 2017 $837 DECREASES RELATED TO EXPIRY OF STATUTE OF LIMITATION (75) INCREASES RELATED TO TAX POSITIONS TAKEN DURING A PRIOR PERIOD 26 ----------------------------------------------------------------------- BALANCE AS OF DECEMBER 31, 2017 $788 AS OF DECEMBER 31, 2017, THE GROUP HAS ANALYZED THE INVENTORY OF TAX POSITIONS TAKEN WITH RESPECT TO ALL APPLICABLE INCOME TAX ISSUES FOR ALL OPEN TAX YEARS (IN EACH RESPECTIVE JURISDICTION) INCLUDING TAX YEARS ENDED DECEMBER 31, 2014 THROUGH DECEMBER 31, 2017 FOR U.S. FEDERAL TAX PURPOSES AND TAX YEARS ENDED DECEMBER 31, 2013 THROUGH DECEMBER 31, 2017 FOR CALIFORNIA TAX PURPOSES (EXCEPT WITH RESPECT TO THE EXTENT OF NET OPERATING LOSSES FOR WHICH THE STATUTE IS OPEN FOR FEDERAL AND CALIFORNIA TAX PURPOSES FROM TAX YEAR DECEMBER 31, 2003) AND TAX YEARS ENDED DECEMBER 31, 2007 THROUGH DECEMBER 31, 2017 FOR FOREIGN TAX PURPOSES. AS OF DECEMBER 31, 2017 AND 2016, THE TOTAL AMOUNT OF GROSS INTEREST AND PENALTIES ACCRUED WAS $383,726 AND $404,031, RESPECTIVELY, RELATED TO FOREIGN TAXES, WHICH IS CLASSIFIED AS NON-CURRENT LIABILITIES IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. THE GROUP DOES NOT ANTICIPATE A MATERIAL CHANGE TO ITS ACCRUED UNRECOGNIZED TAX BENEFITS IN THE TWELVE MONTHS FOLLOWING DECEMBER 31, 2017. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 13 PROGRAM SERVICES TRADE SHOWS, INDUSTRY STANDARDS & RESEARCH, EDUCATION 16017114 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES TRADE SHOWS, INDUSTRY STANDARDS & RESEARCH, EDUCATION 2817180 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, INVESTMENTS 815608 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, INVESTMENTS 658213 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENTS 37800 1 13 0 0 1 13 20345915 0 20345915 0 0 1 0 0 0 1 X X X X X 1 0 0 AJIT MANOCHA PRESIDENT & CEO (FROM 3/17) 436969 0 0 0 7796 0 341680 0 22837 0 809282 0 0 0 RICHARD J SALSMAN CFO AND VICE PRESIDENT OPERATIONS 373110 0 145459 0 12230 0 202880 0 30432 0 764111 0 145459 0 PETER GILLESPIE CHIEF MARKETING OFFICER 254153 0 101486 0 2293 0 144913 0 23057 0 525902 0 101486 0 FRANK SHEMANSKY EXECUTIVE DIRECTOR & CTO, MSIG 198462 0 0 0 2922 0 98239 0 1654 0 301277 0 0 0 LESLIE T GUTTADAURO EXEC DIR EMERITUS, FOA 200984 0 19042 0 256793 0 0 0 1920 0 478739 0 0 0 MELISSA GRUPEN-SHEMANSKY EXECUTIVE DIRECTOR, FLEXTECH & CTO 213840 0 64500 0 3270 0 103358 0 22590 0 407558 0 64500 0 MICHAEL CIESINSKI PRES, FLEXTECH ALLIANCE 244076 0 68600 0 9724 0 129405 0 27528 0 479333 0 68600 0 DENNIS P MCGUIRK PRESIDENT & CEO (TO 3/17) 591568 0 207652 0 37017 0 0 0 15687 0 851924 0 207652 0 DAVID B ANDERSON PRESIDENT, SEMI AMERICAS 234804 0 0 0 5058 0 110400 0 23089 0 373351 0 0 0 ARTHUR PAREDES SR DIRECTOR OF GLOBAL EXPOSITIONS 167708 0 29686 0 3256 0 98119 0 20905 0 319674 0 29686 0 BETTINA WEISS VP, BUSINESS DEVELOPMENT 216383 0 78940 0 2005 0 112435 0 21192 0 430955 0 78940 0 THOMAS SALMON VP, COLLABORATIVE TECHNOLOGY 208581 0 57758 0 4079 0 96252 0 11936 0 378606 0 57758 0 JAMES JACKMAN VP, FINANCE AND ADMIN 199514 0 80348 0 3052 0 106291 0 15864 0 405069 0 80348 0 JONATHAN DAVIS VP, GLOBAL ADVOCACY 298047 0 81663 0 7888 0 145981 0 6374 0 539953 0 81663 0 GERALDINE TAN CORPORATE CONTROLLER 175914 0 41250 0 1069 0 61367 0 6466 0 286066 0 41250 0 LESLIE M TUGMAN EXECUTIVE DIRECTOR, SEMI FOUNDATION 144957 0 54405 0 2655 0 78400 0 29465 0 309882 0 54405 0 LISA VAN HUYSTEE SR DIRECTOR FIN ANALYSIS 191441 0 32224 0 1196 0 65657 0 10242 0 300760 0 32224 0 DANIEL TRACY SR DIRECTOR INDUSTRY RESEARCH 176188 0 30266 0 1715 0 39662 0 26336 0 274167 0 30266 0 JAMES AMANO SR DIRECTOR INTERNATIONAL STANDARDS 172252 0 28974 0 1292 0 53767 0 8453 0 264738 0 28974 0 PART I, LINE 4A LESLIE T. GUTTADAURO RECEIVED $250,000 OF SEVERANCE. SCHEDULE J, PART II COMPENSATION REPORTED ON SCHEDULE J, PART II, COLUMN F REPRESENTS AMOUNTS THAT WERE REPORTED ON PRIOR YEARS' FORMS 990 AS THE BENEFITS WERE ACCRUED. THESE AMOUNTS ARE ALSO REPORTED ON SCHEDULE J, PART II, COLUMB B(II) AS THEY WERE ALSO REPORTABLE ON THE CURRENT YEAR'S FORMS W-2 FOR THE AFFECTED INDIVIDUALS. THE AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN F SHOULD BE SUBTRACTED FROM THE AMOUNT REPORTED ON SCHEDULE J, PART II, COLUMN E TO ARRIVE AT THE ACTUAL COMPENSATION FOR THE CURRENT YEAR. FORM 990, PART VI, SECTION A, LINE 6 SEMI MEMBERS CONSIST OF CORPORATIONS, COMPANIES, FIRMS, OR ORGANIZATIONS, OR DEPARTMENTS OR SUBDIVISIONS THEREOF, WHOSE INTEREST OR CORPORATE OBJECTIVE IS IN THE GLOBAL ELECTRONIC SUPPLY CHAIN; PROVIDED THAT SUCH ENTITIES SHALL NOT BECOME VOTING MEMBERS EXCEPT UPON PAYMENT OF SUCH INITIATION FEES AS MAY BE DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A EACH VOTING MEMBER IN GOOD STANDING IS ENTITLED TO VOTE FOR THE ELECTION OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B VOTING MEMBERS HAVE THE POWER TO AMEND THE ARTICLES OF INCORPORATION AND CORPORATE BYLAWS OF SEMI AND MAY HAVE OTHER POWERS CONFERRED BY THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW OF THE STATE OF CALIFORNIA. FORM 990, PART VI, SECTION B, LINE 11B BPM LLP AND SEMI STAFF WORK TOGETHER TO GATHER THE REQUIRED TAX INFORMATION NECESSARY TO COMPLETE THE TAX RETURNS. THE INITIAL DRAFT RETURN IS REVIEWED BY BPM AND SEMI FINANCE STAFF; ITEMS ARE DISCUSSED AND REVIEWED. RECOMMENDED CHANGES ARE REFLECTED IN THE RETURN AND A DRAFT TAX RETURN IS PREPARED. THE FINANCE COMMITTEE RECEIVES THE FINAL VERSION OF THE TAX RETURN FOR REVIEW PRIOR TO FILING. THE BOARD HAS DELEGATED MONITORING AND REVIEW OF FINANCIAL MATTERS TO THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C SEMI HAS A CODE OF CONDUCT POLICY, WHICH INCLUDES THE CONFLICT OF INTEREST POLICY. SEMI HAS REVIEWED THIS POLICY WITH ALL EMPLOYEES, OFFICERS AND DIRECTORS AND OBTAINED THEIR COMMITMENT TO ABIDE BY IT. FORM 990, PART VI, SECTION B, LINE 15 IN CONJUNCTION WITH AN INTERNATIONAL BOARD OF DIRECTORS MEETING EACH YEAR, THE BOARD COMPENSATION COMMITTEE MEETS WITH THE PRESIDENT AND CEO AND CFO. BASED UPON SALARY SURVEY INFORMATION AND THE USE OF AN INDEPENDENT COMPENSATION CONSULTANT, THEY PRESENT RECOMMENDED MERIT INCREASES ON A REGIONAL BASIS FOR APPROVAL BY THE BOARD COMPENSATION COMMITTEE. ONCE APPROVED, THE SEMI EXECUTIVE AND STAFF MERIT INCREASES ARE ADMINISTERED BY FUNCTIONAL LEADERSHIP THROUGH THE PERFORMANCE MANAGEMENT SYSTEM WITH FINAL APPROVAL BY THE PRESIDENT AND CEO. THE CEO'S ANNUAL COMPENSATION ADJUSTMENT IS DISCUSSED PRIVATELY WITH THE BOARD COMPENSATION COMMITTEE AND THE CFO. A REVIEW OF THE CEO'S GOALS AND ACCOMPLISHMENTS IS ACCOMPANIED BY A RECOMMENDED COMPENSATION ADJUSTMENT BASED ON INDEPENDENT SALARY SURVEYS. THE BOARD COMPENSATION COMMITTEE THEN MEETS IN CLOSED SESSION TO REVIEW THIS INFORMATION AND DETERMINE AN APPROPRIATE PERFORMANCE RATING AND THE ACCOMPANYING BONUS AND MERIT INCREASE. FORM 990, PART VI, SECTION C, LINE 18 SEMI MAKES ITS FORMS 990 AND 990-T AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 SEMI MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CURRENCY EXCHANGE 209,804. CHANGE IN TRANSLATION RESERVES 1,561,497. CHANGE IN PENSION ACCRUAL -602,720. SEMI FOUNDATION 673 SOUTH MILPITAS BOULEVARD MILPITAS CA 950355446 300155873 EDUCATION PROGRAMS CA 501(C)(3) LINE 7 SEMI 1 SEMI JAPAN YK 4-7-15 KUDAN-MINAMI CHIYODA-KU TOKYO JA 102-0074 TRADE ASSOCIATION JA Y C 7185881 14268244 1.00000 1 SEMI SINGAPORE PTE LTD LEVEL 6LOBBY APICO CREATIVE CENTR KALLANG AVE SN 339411 TRADE ASSOCIATION SN Y C 1502344 3036435 1.00000 1 SEMI MANAGEMENT CONSULTING (SHANGHAI) CO LTD 8TH FLOOR 2ND BUILDING NO 1148 Z PUDONG SHANGHAI CH 201203 TRADE ASSOCIATION CH Y C 5407571 9470980 1.00000 1 SEMI TECH SERVICES INDIA PRIVATE LIMITED DBS HOUSE SUITE 217 26 CUNNINGH BANGALORE IN 560052 TRADE ASSOCIATION IN Y C 43270 60590 1.00000 1 SEMI ADVANCED TECHNOLOGY ASSOCIATION OF KOREA KOREA WORLD TRADE TOWER 4205 159-1 SEOUL KS 135-729 TRADE ASSOCIATION KS Y C 1765984 2826769 1.00000 1 SEMI EUROPE GMBH HELMHOLTZSTRASSE 2-9 CHARLOTTENBUR BERLIN GM 10587 TRADE ASSOCIATION GM Y C 1660666 879699 1.00000 1 1 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 SEMI JAPAN YK A 1439355 COST SEMI JAPAN YK D 13512825 COST SEMI SINGAPORE PTE LTD D 2475105 COST SEMI TECH SERVICES INDIA PRIVATE LIMITED D 37686 COST SEMI FOUNDATION D 79613 COST SEMI SINGAPORE PTE LTD L 395338 COST SEMI JAPAN YK M 12481 COST SEMI EUROPE GMBH M 1660666 COST SEMI ADVANCED TECHNOLOGY ASSOCIATION OF KOREA M 1732149 COST SEMI MANAGEMENT CONSULTING (SHANGHAI) CO LTD M 766515 COST SEMI TECH SERVICES INDIA PRIVATE LIMITED M 40187 COST SEMI FOUNDATION O 85809 COST