2015-11-10T08:22:08-06:00 2014-12-31 521855942 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2014-01-01 131142150 PACKAGING MACHINERY MANUFACTURERS INSTITUTE PACK 5716123200 11911 FREEDOM DR NO 600 RESTON VA 20190 CHARLES D YUSKA PRESIDENT AND CEO 5716123200 2015-11-10 1 DEBORAH G KOSNETT P00290720 2022932200 2014 2016-02-25 16:41:14Z PMMI CHARLES D YUSKA 11911 FREEDOM DR NO 600 RESTON VA 20190 64164625 0 X WWW.PMMI.ORG X 1933 DE PMMI IMPROVES AND PROMOTES MEMBERS' ABILITIES TO SUCCEED IN A GLOBAL MARKETPLACE. 18 18 100 120 3367936 0 0 0 30008285 49626092 844865 1830103 89869 90552 30943019 51546747 30458 101384 0 0 7472598 8712220 0 0 0 25075211 40221545 32578267 49035149 -1635248 2511598 36371007 53854898 12411061 27223061 23959946 26631837 X PMMI IMPROVES AND PROMOTES MEMBERS' ABILITIES TO SUCCEED IN A GLOBAL MARKETPLACE. 1 0 EXHIBITOR SERVICES & SHOW MANAGEMENT: PROVIDES EXHIBITOR CONTRACTOR SERVICES AT PACK EXPO INTERNATIONAL AND PACK EXPO LAS VEGAS, WHICH ARE HELD IN ALTERNATING YERAS IN CHICAGO, ILLINOIS AND LAS VEGAS, NEVADA, RESPECTIVELY. 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. 2,357 EXHIBITORS AND 48,467 ATTENDEES AT THE 2014 CHICAGO SHOW. 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: 135,000 EDUCATION -- ENHANCES THE KNOWLEDGE AND CAPABILITIES OF MANUFACTURERS OF PACKAGING AND PROCESSING MACHINERY AND THEIR CUSTOMERS THROUGH EDUCATION AND TRAINING PROGRAMS, PUBLICATIONS, AND OTHER EDUCATIONAL FORUMS. MEETINGS -- CONDUCTS AND COORDINATES THE COMMITTEES, EXECUTIVE LEADERSHIP CONFERENCE, ANNUAL MEETING, AND OTHER MEETINGS.MARKET DEVELOPMENT - IDENTIFIES THE MARKET OPPORTUNITIES FOR MEMBERS, BOTH DOMESTICALLY AND INTERNATIONALLY, AND OVERSEES THE OPERATIONS OF THE INSTITUTE'S LATIN AMERICAN AND CHINA OFFICES. OVER 900 EXHIBITORS AT EXPO PACK MEXICO, PMMI'S MEXICO PACKAGING SHOW; 3,000 SEARCHES OF THE INTERNATIONAL DATABASE; 1,350 CURRENT AGENTS IN DATABASE; OVER 2,000 DOWNLOADS OF MARKET RESEARCH REPORTS.COMMUNICATIONS -- RAISES AWARENESS OF PMMI AND PACK EXPO INITIATIVES VIA COMMUNICATION CHANNELS SUCH AS PMMI REPORTS, JUST IN TIME, PRESS RELEASES, AND OTHER TECHNOLOGIES. BUSINESS INTELLIGENCE -- COLLECTS AND REPORTS VALID SURVEY AND STATISTICAL DATA FOR THE BENEFIT OF THE MEMBERSHIP AND THE INDUSTRY.PACKEXPO.COM -- OFFERS PRODUCTS TO ALLOW EXHIBITORS OF PACK EXPO INTERNATIONAL AND PACK EXPO LAS VEGAS TO PROMOTE THEIR PRODUCTS OR SERVICES IN AN ONLINE ENVIRONMENT.ALLIANCE FOR INNOVATION AND OPERATIONAL EXCELLENCE -- THE ALLIANCE FOSTERS COOPERATION, COLLABORATION, AND SHARING OF INFORMATION AMONG CUSTOMER GROUPS WITHIN THE PACKAGING AND PROCESSING INDUSTRY.MEMBER SERVICES -- OFFERS VARIOUS SERVICES SUCH AS THE MEMBER DIRECTORIES, NEWSLETTER, AND BROCHURES, AND COORDINATES PUBLIC RELATIONS WITH OTHER PACKAGING AND PROCESSING ORGANIZATIONS.TECHNICAL -- TRACKS AND PARTICIPATES IN THE DEVELOPMENT OF STANDARDS AND REGULATIONS AFFECTING THE PACKAGING INDUSTRY AND PROVIDES TECHNICAL SUPPORT TO MEMBERS IN THE PACKAGING AND PROCESSING INDUSTRY.INDUSTRY SERVICES -- FOSTERS COOPERATION, COLLABORATION, AND SHARING OF INFORMATION AMONG VARIOUS GROUPS WITHIN THE PACKAGING AND PROCESSING INDUSTRIES. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 1 85 0 1 100 1 1 1 1 MX CH 0 0 1 1 0 X 18 18 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X CRAIG SILVERIO 5716123200 11911 FREEDOM DR NO 600 RESTON VA 20190 WILLIAM L CRIST CHAIRMAN 2.00 2.00 X X 0 0 0 JEFFREY BIGGER VICE CHAIRMAN 2.00 2.00 X X 0 0 0 PAUL IRVINE SECRETARY-TREASURER 2.00 2.00 X X 0 0 0 RICHARD P FOX JR IMMED PAST CHAIRMAN 2.00 2.00 X X 0 0 0 RICK ALLEGRETTI BOARD MEMBER 2.00 0.00 X 0 0 0 DALE ANDERSEN BOARD MEMBER 2.00 0.00 X 0 0 0 MARK ANDERSON BOARD MEMBER 2.00 0.00 X 0 0 0 EMMANUEL CERF BOARD MEMBER 2.00 0.00 X 0 0 0 TIMM JOHNSON BOARD MEMBER 2.00 2.00 X 0 0 0 JOHN KOWAL BOARD MEMBER 2.00 0.00 X 0 0 0 MATT LERNER BOARD MEMBER 2.00 0.00 X 0 0 0 GLEN LONG BOARD MEMBER 2.00 0.00 X 0 0 0 MARTIN PRAKKEN BOARD MEMBER 2.00 0.00 X 0 0 0 OLE RYGH BOARD MEMBER 2.00 0.00 X 0 0 0 GARY SAUNDERS BOARD MEMBER 2.00 0.00 X 0 0 0 ALAN SHUHAIBAR BOARD MEMBER 2.00 0.00 X 0 0 0 GARY TANTIMONICO BOARD MEMBER 2.00 0.00 X 0 0 0 MIKE WAGNER BOARD MEMBER 2.00 0.00 X 0 0 0 CHARLES YUSKA PRESIDENT 38.00 2.00 X 1047817 55148 187740 CRAIG SILVERIO VP, FINANCE 38.00 2.00 X 248428 13075 56197 JAMES PITTAS SR. VP, TRADE SHOWS 40.00 0.00 X 378158 0 59742 ANDREW DOUGHERTY DIRECTOR, MEMBER SERVICES 40.00 0.00 X 147941 0 36593 JORGE IZQUIERDO VP, MARKET DEVELOPMENT 40.00 0.00 X 266082 0 62440 MARIA FERRANTE VP, ED. & WRKFRC DEV 24.00 16.00 X 109049 72699 48095 MARY KATHRYN BERGMANN SR. VP, ADMINISTRATION 40.00 0.00 X 241329 0 46590 THOMAS EGAN VP, INDUSTRY SERVICES 40.00 0.00 X 270187 0 59860 2708991 140922 557257 15 0 1 0 FREEMAN PO BOX 650036 DALLAS TX 75265 TRADE SHOW GEN CONTRACTOR 3907773 THE EXPO GROUP LLP 5931 W CAMPUS CIRCLE DR IRVING TX 75063 3RD PARTY BILLING SERVICES 2890695 FIXATION MARKETING 4340 EAST-WEST HIGHWAY SUITE 200 BETHESDA MD 20814 OUTSOURCED ADVERTISING/MARKETING 1808884 O & B COMMUNICATIONS 3 PAOLI PLAZA PAOLI PA 19301 OUTSOURCED MAGAZINE MANAGEMENT 1193523 ABI INC 29 BROADWAY NEW YORK NY 10006 MARKETING/PUBLIC RELATIONS 639271 20 EXHIBITS & MEETINGS 900099 43583101 43583101 PUBLICATIONS & MEDIA 541800 2813696 2170 2811526 MEMBERSHIP DUES 900099 1104025 1104025 EXPOPACK & PHARMA EXPO 900099 1090779 1090779 PACKEXPO.COM 900099 723385 166975 556410 311106 311106 49626092 920207 920207 13527774 12617878 909896 909896 909896 MISCELLANEOUS 900099 90552 90552 90552 51546747 46258156 3367936 1920655 101384 2063673 5032356 515932 664344 435915 790565 88416 165473 97285 3210286 2461118 2781749 765215 535850 1571823 25274208 504574 281024 COMMISSIONS 608651 MISCELLANEOUS 352836 SPONSORSHIPS 265662 TEMPORARY HELP 248997 217813 49035149 1898574 4363979 297600 2122160 6654 6277 2213056 2421461 3031441 1377199 1796501 1654242 24065757 25061002 2698666 2114025 3394199 16111752 36371007 53854898 3132846 13715202 6637112 6840594 2641103 6667265 12411061 27223061 X 23959946 26631837 23959946 26631837 36371007 53854898 X 2511598 -650569 810862 X X 0 1 X 1 0 0 1 0 765058 277662 487396 2266383 1099537 1166846 1654242 INTANGIBLE ASSET- UNAMORTIZABLE GOODWILL 11316865 DEFERRED COSTS 780548 DUE FROM RELATED PARTIES 4014339 16111752 DEFERRED COMPENSATION 1828800 DEFERRED RENT 780389 DUE TO RELATED ENTITIES 4058076 6667265 X 31775602 -650569 1686794 1036225 30739377 97285 20710085 20807370 51546747 28600219 0 28600219 97285 20337645 20434930 49035149 PART X, LINE 2: THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR INCOME TAX POSITIONS TAKEN. THEREFORE, MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN INCOME TAX POSITIONS. GENERALLY, INCOME TAX RETURNS RELATED TO THE CURRENT YEAR AND THREE PRIOR YEARS REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY IN EARNINGS OF SUBSIDIARY 1,686,794. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE OF PES, A SINGLE MEMBER LLC 20,710,085. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSE OF PES, A SINGLE MEMBER LLC 20,337,645. EAST ASIA AND THE PACIFIC 1 0 PROGRAM SERVICES ASSIST MEMBERS TO SELL EQUIPMENT IN THE ASIAN MARKETPLACE THROUGH MARKET RESEARCH, IDENTIFICATION OF AGENTS AND DISTRIBUTORS, AND THROUGH EXHIBITIONS AND TRADE MISSIONS. 272133 1 0 0 0 1 0 272133 0 272133 0 0 1 0 0 0 1 PMMI EDUCATION & TRAINING FOUNDATION 11911 FREEDOM DR STE 600 RESTON VA 20190 541820667 501(C)(3) 101384 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 0 1 X X X 0 1 0 CHARLES YUSKA PRESIDENT 696072 36635 104032 5475 247713 13038 162751 8566 26669 1404 1237237 65118 0 0 CRAIG SILVERIO VP, FINANCE 222150 11692 23067 1214 3211 169 40115 2111 16035 844 304578 16030 0 0 JAMES PITTAS SR. VP, TRADE SHOWS 341162 0 34000 0 2996 0 40255 0 22296 0 440709 0 0 0 ANDREW DOUGHERTY DIRECTOR, MEMBER SERVICES 132800 0 13170 0 1971 0 19892 0 18876 0 186709 0 0 0 JORGE IZQUIERDO VP, MARKET DEVELOPMENT 238502 0 24200 0 3380 0 42914 0 22360 0 331356 0 0 0 MARIA FERRANTE VP, ED. & WRKFRC DEV 97823 65215 9900 6600 1326 884 17792 11861 12784 8523 139625 93083 0 0 MARY KATHRYN BERGMANN SR. VP, ADMINISTRATION 216420 0 20700 0 4209 0 40308 0 9301 0 290938 0 0 0 THOMAS EGAN VP, INDUSTRY SERVICES 241947 0 23900 0 4340 0 42951 0 19916 0 333054 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. PMMI PAYS FOR A SOCIAL CLUB MEMBERSHIP FOR ITS PRESIDENT AND CEO. 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. PART I, LINE 4B CHARLES YUSKA - 457(F) PLAN, $128,336 EXPO PACK MEXICO SA DE CV COMMON CONTROL 0 PLEASE SEE SCHEDULE R FOR ALL REPORTABLE TRANSACTIONS BETWEEN PMMI AND EXPO PACK. 0 FORM 990, PART III, LINE 2 MEDIA GROUP IS A NEW ACTIVITY STARTED IN NOVEMBER 2014, WHICH ENCOMPASSES THE PUBLISHING ACTIVITIES OF CERTAIN ASSETS OF SUMMIT MEDIA GROUP, LLC. 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 4 THE ADDITION OF PROCESSING MACHINERY COMPANIES AS GENERAL MEMBERS WAS A SIGNIFICANT CHANGE TO THE BYLAWS. THE PERCENTAGE OF GENERAL MEMBERS NEEDED TO PETITION A BYLAWS CHANGE, OR CALL A SPECIAL MEETING, WAS CHANGED TO REFLECT THE GROWTH IN MEMBERSHIP OVER THE PAST 20 YEARS. OTHER CHANGES WERE MADE TO REFLECT CURRENT PRACTICES--E.G. THERE IS NO LONGER A NEED FOR PAPER APPLICATIONS AND NO INITIATION FEES. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF PMMI IS DIVIDED INTO SIX (6) CLASSES: CHARTER, GENERAL (VOTING), HONORARY, SUPPLIER, MATERIALS, AND PROCESSING. 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 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 AS DEFINED IN THE BYLAWS, MAY APPLY FOR MEMBERSHIP IN THE INSTITUTE AS A SUPPLIER MEMBER. MATERIALS MEMBERS: ANY LEGAL ENTITY, FIRM OR CORPORATION OR SUBSIDIARY OR DIVISION THEREOF THAT IS ENGAGED IN THE MANUFACTURING OF COMMERCIALLY AVAILABLE PACKAGING MATERIALS AND CONTAINERS AND THAT IS NOT ENGAGED IN THE MANUFACTURING OF PACKAGING MACHINERY OR PACKAGING-RELATED CONVERTING EQUIPMENT AS DEFINED PMMI'S BYLAWS, MAY APPLY FOR MEMBERSHIP IN THE INSTITUTE AS A MATERIALS MEMBER. PROCESSING MEMBERS: ANY LEGAL ENTITY, FIRM, CORPORATION OR SUBSIDIARY THAT IS ENGAGED IN THE MANUFACTURING OF COMMERCIALLY AVAILABLE PROCESSING MACHINERY AND RELATED EQUIPMENT OUTSIDE OF NORTH AMERICA AND THAT IS NOT ENGAGED IN THE MANUFACTURING OF PACKAGING MACHINERY OR PACKAGING-RELATED CONVERTING EQUIPMENT AS DEFINED IN SECTION 3(A) AND 3(B) OF THIS ARTICLE, MAY APPLY FOR MEMBERSHIP IN THE INSTITUTE AS A PROCESSING MEMBER. TO BE ELIGIBLE FOR MEMBERSHIP, A MANUFACTURER MUST HAVE BEEN ENGAGED IN THIS ACTIVITY FOR A PERIOD OF TWO YEARS PRIOR TO APPLICATION, AND SALES OF PROCESSING MACHINERY MUST CONSTITUTE A MAJOR ACTIVITY (AS DETERMINED BY THE BOARD OF DIRECTORS) OF SUCH MANUFACTURER. 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 11 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 15A 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. 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 PRESIDENT AND CEO FROM OTHER SOURCES THAT HAVE COMPLETED A MARKET ANALYSIS BASED ON SURVEY RESULTS OF DATA FROM COMPARABLE ORGANIZATIONS IN THE TRADE ASSOCIATION INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 PMMI DOES NOT GENERALLY MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: EQUITY IN EARNINGS OF SUBSIDIARY 1,895,602. FOREIGN CURRENCY TRANSLATION -225,932. EQUITY IN LOSS IN JOINT VENTURE -208,808. DIVIDENDS (NET OF FOR CURRENCY EXCHANGE) -650,000. FORM 990, PART XII, LINE 2C THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PREVIOUS YEAR. PACK EXPO SERVICES LLC (DISREGARDED ENTITY) 11911 FREEDOM DR STE 600 RESTON VA 20190 770603356 EXHIBITOR CONTRACTOR SERVICES VA 20701085 8191451 PMMI EDUCATION AND TRAINING FOUNDATION 11911 FREEDOM DR STE 600 RESTON VA 20190 541820667 PERFORMS THE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC FUNCTIONS OF PMMI VA 501(C)3 509(A)3 1 EXPO PACK MEXICO SA DE CV HOMERO NO 418 PISO 7 COL CHAPUL MEXICO D.F. MX 11570 TRADE SHOW MX PACKAGING MACHINERY MANUFACTURERS INSTITUTE INC C 6244552 5460403 1.00000 0 EP ADMINISTRACION Y SERVICIOS PARA EXPOSICIONES SA DE CV HOMERO NO 418 PISO 7 COL CHAPUL MEXICO D.F. MX 11570 ORGANIZATIONAL AND PERSONNEL SERVICES FOR EXPOPAK DE MEXICO MX PACKAGING MACHINERY MANUFACTURERS INSTITUTE INC C 431604 95048 1.00000 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 PMMI EDUCATION AND TRAINING FOUNDATION B 101384 CASH EXPO PACK MEXICO SA DE CV F 1111193 CASH EXPO PACK MEXICO SA DE CV R 1688998 CASH EXPO PACK MEXICO SA DE CV S 605318 REDUCTION IN CAPITAL EXPO PACK MEXICO SA DE CV S 555937 SALES COMMISSION