2015-11-12T18:30:48-06:00 2014-12-31 263839190 BURR PILGER MAYER INC 60 SOUTH MARKET STREET SUITE 800 SAN JOSE CA 95113 990 2014-01-01 941751440 SEMICONDUCTOR EQUIPMENT & MATERIALS INTL SEMI 4089436900 3081 ZANKER ROAD SAN JOSE CA 95134 RICHARD SALSMAN CFO & VP OPERATIONS 4089436900 2015-11-10 1 MICHAEL STEPHEN SCHAFFER P00210063 4089616300 2015-11-10 2014 2016-02-25 16:41:14Z DENNIS MCGUIRK 3081 ZANKER ROAD SAN JOSE CA 95134 37507380 0 X WWW.SEMI.ORG X 1970 CA SEMICONDUCTOR EQUIPMENT AND MATERIALS ("SEMI") IS A NOT-FOR-PROFIT ORGANIZATION FORMED TO PROMOTE AND SUPPORT THE SEMICONDUCTOR EQUIPMENT AND MATERIALS INDUSTRY. 20 19 93 24 183134 -15861 0 0 39152620 35410164 131334 223157 2441061 1874059 41725015 37507380 0 0 0 0 12253444 12214447 0 0 0 26277447 21066998 38530891 33281445 3194124 4225935 60087174 63107940 26867721 27551603 33219453 35556337 SEMICONDUCTOR EQUIPMENT AND MATERIALS ("SEMI") IS A NOT-FOR-PROFIT ORGANIZATION FORMED TO PROMOTE AND SUPPORT THE SEMICONDUCTOR EQUIPMENT AND MATERIALS INDUSTRY. 0 0 33281445 SEMI'S PROGRAM IS TO SUPPORT THE SEMICONDUCTOR INDUSTRY THROUGH TRADE SHOWS AND RELATED EDUCATION. SEMI SAW CONTINUING GROWTH IN ASIA EXPOSITIONS, REENGINEERING FOR CERTAIN SHOWS, PLUS ADVANCES IN THE FPD SEGMENT. SEMI'S INFORMATION INCLUDES INDUSTRY RESEARCH AND STATISTICS, INCLUDING INDUSTRY BOOK TO BILL REPORTS, AND CAPITAL EQUIPMENT CONSENSUS FORECASTS. SEMI HAS PARTNERED WITH PROVIDERS TO DELIVER MORE THAN 100 COURSES COVERING WAFER FABRICATION, ASSEMBLY, PACKAGING, YIELD IMPROVEMENT, METROLOGY, SEMICONDUCTOR PHYSICS, IC DESIGN, OPTICS, RELIABILITY, MEMS, BASIC ELECTRONICS, AND LASERS. 33281445 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 45 0 1 93 1 1 1 1 CH KS JA IN BE GM TW RS SN 0 0 0 0 X 20 19 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 3081 ZANKER ROAD SAN JOSE CA 95134 ANDRE-JACQUES AUBERTON-HERVE CHAIRMAN 1.00 1.00 X X 0 0 0 YONG HAN LEE VICE CHAIRMAN 1.00 X X 0 0 0 DOUGLAS A NEUGOLD PAST CHAIRMAN 1.00 1.00 X 0 0 0 MARY G PUMA SECRETARY & TREASURER 1.00 X X 0 0 0 MICHAEL SPLINTER DIRECTOR 1.00 X 0 0 0 OSAMU NAKAMURA DIRECTOR 1.00 0.00 X 0 0 0 STEPHEN NEWBERRY DIRECTOR 1.00 0.00 X 0 0 0 TOSHIO MARUYAMA DIRECTOR 1.00 0.00 X 0 0 0 DENNIS P MCGUIRK PRESIDENT & CEO 40.00 2.00 X X 807245 0 222646 KAZUO USHIDA DIRECTOR 1.00 0.00 X 0 0 0 PROFESSOR EICKE R WEBER DIRECTOR 1.00 0.00 X 0 0 0 TETSUO TOM TSUNEISHI DIRECTOR 1.00 0.00 X 0 0 0 HO-MING TONG DIRECTOR 1.00 0.00 X 0 0 0 SUE LIN DIRECTOR 1.00 0.00 X 0 0 0 JIFAN GAO DIRECTOR 1.00 0.00 X 0 0 0 NOBU KOSHIBA DIRECTOR 1.00 0.00 X 0 0 0 NATSUNOSUKE YAGO DIRECTOR 1.00 0.00 X 0 0 0 XINCHAO WANG DIRECTOR 1.00 0.00 X 0 0 0 DAVID B MILLER DIRECTOR 1.00 0.00 X 0 0 0 BERTRAND LOY DIRECTOR 1.00 0.00 X 0 0 0 KYU-DONG KD SUNG DIRECTOR 1.00 0.00 X 0 0 0 MARTIN ANSTICE DIRECTOR 1.00 0.00 X 0 0 0 KEVIN CROFTON DIRECTOR 1.00 0.00 X 0 0 0 TIEN WU DIRECTOR 1.00 0.00 X 0 0 0 GUOMING ZHANG DIRECTOR 1.00 0.00 X 0 0 0 RICHARD SALSMAN CFO AND VP OPERATIONS 40.00 2.00 X 467073 0 132187 JONATHAN DAVIS VP, GLOBAL ADVOCACY 40.00 0.00 X 341163 0 97954 TOM MORROW EXECUTIVE VICE PRESIDENT GLOBAL EMERGING 40.00 0.00 X 113656 0 68080 PETER GILLESPIE CHIEF MARKETING OFFICER 40.00 0.00 X 157781 0 53225 KAREN SAVALA PRESIDENT, AMERICAS 40.00 0.00 X 320368 0 105494 BETTINA WEISS VP, BUSINESS DEVELOPMENT 40.00 0.00 X 258087 0 77573 TOM SALMON VP, GLOBAL MEMBER SERVICES AND STANDARDS 40.00 0.00 X 246905 0 66605 ELIZABETH ANDERSON VP, GLOBAL INDUSTRY WORKFORCE 40.00 2.00 X 262792 0 76769 JIM JACKMAN SR. DIRECTOR, CORPORATE CONTROLLER 40.00 0.00 X 213186 0 54341 LISA VAN HUYSTEE SR. DIRECTOR FIN. ANALYSIS & PLANNING 40.00 0.00 X 217749 0 55944 MAUREEN MCDONOUGH SENIOR DIRECTOR GLOBAL HR 40.00 0.00 X 222134 0 46030 DARRYL BUCK VP, COST SAVINGS PROGRAMS 40.00 0.00 X 207323 0 23631 ARTHUR PAREDES SR. DIRECTOR, GLOBAL EXPOSITIONS 40.00 0.00 X 198678 0 51949 4034140 0 1132428 43 0 1 0 GRANT THORNTON LLP PO BOX 51552 LOS ANGELES CA 95051 AUDITING & TAX SERVICES 388344 FREEMAN EXPOSITIONS INC PO BOX 650036 DALLAS TX 75265 TRADE SHOW CONSTRUCTION SERVICES 296828 DLA PIPER LLP (US) PO BOX 75190 BALTIMORE MD 21275 LEGAL SERVICES 271660 MALONEY SECURITY INC 1055 LAUREL STREET SAN CARLOS CA 94070 SECURITY FOR TRADE SHOW 258750 4 TRADESHOWS 541900 22222967 22222967 MEMBERSHIP DUES 541900 6488526 6488526 SPONSORSHIP INCOME 541900 2528380 2528380 CONFERENCES 541900 2309201 2309201 PUBLICATIONS 541900 1861090 1861090 35410164 223157 223157 1080864 1080864 OTHER INCOME 900099 610061 610061 ADVERTISING 541800 183134 183134 793195 37507380 35410164 183134 1914082 4059074 6738701 331887 519890 564895 4692538 247980 428931 1341194 313626 348893 16201 4601108 856240 4949861 235882 303684 DUES & SUBSCRIPTIONS 911979 PRINTING 697081 REPAIRS & MAINTENANCE 465391 BANK & FINANCIAL CHARGE 371066 285343 33281445 46997251 31258091 1624058 1260802 1601251 2022406 11086427 10638664 504040 447763 2743150 19201198 1511621 1511621 5105803 7406059 60087174 63107940 5244849 4683788 1429196 1516180 20193676 21351635 26867721 27551603 X 33219453 35556337 33219453 35556337 60087174 63107940 X 4225935 -66718 -1822333 X 0 1 X 1 0 0 0 1 2069789 518108 1806 519914 517447 2467 564963 476204 88759 2761044 2673945 87099 2798677 2589276 209401 4961743 4899239 62504 447763 CERTIFICATES OF DEPOSIT 19201198 C 19201198 INTERCOMPANY RECEIVABLES 7243539 VAT RECEIVABLES 53855 DEPOSIT 80074 OTHER ASSETS 28591 7406059 ADVANCE DEPOSITS 14489277 POST-RETIREMENT BENEFITS 4911000 TAXES PAYABLE 971821 INTERCOMPANY PAYABLES 9942 BUILDING RESTORATION LIABILITY 969595 21351635 X PART X, LINE 2: ALTHOUGH SEMI HAS BEEN RECOGNIZED BY THE IRS AND FTB AS EXEMPT FROM U.S. FEDERAL AND CALIFORNIA INCOME AND FRANCHISE TAXES ON ACTIVITIES RELATED TO ITS EXEMPT PURPOSE, IT IS NOT EXEMPT FROM INCOME TAXES IN ITS FOREIGN JURISDICTIONS OR ON ITS UNRELATED BUSINESS INCOME. INCOME TAXES ARE ACCOUNTED FOR UNDER THE ASSET AND LIABILITY METHOD. DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED FOR THE FUTURE TAX CONSEQUENCES ATTRIBUTABLE TO DIFFERENCES BETWEEN THE FINANCIAL STATEMENT CARRYING AMOUNTS OF EXISTING ASSETS AND LIABILITIES AND THE RESPECTIVE TAX BASES AND OPERATING LOSS AND TAX CREDIT CARRY-FORWARDS. DEFERRED TAX ASSETS AND LIABILITIES ARE MEASURED USING ENACTED TAX RATES EXPECTED TO APPLY TO TAXABLE INCOME IN THE YEARS IN WHICH THOSE TEMPORARY DIFFERENCES ARE EXPECTED TO BE REVERSED OR SETTLED. THE EFFECT ON THE DEFERRED TAX ASSETS AND LIABILITIES OF A CHANGE IN TAX RATES IS RECOGNIZED IN INCOME IN THE PERIOD THAT INCLUDES THE ENACTMENT DATE. A VALUATION ALLOWANCE IS RECORDED TO REDUCE THE CARRYING AMOUNTS OF DEFERRED TAX ASSETS UNLESS IT IS MORE LIKELY THAN NOT THAT THOSE ASSETS WILL BE REALIZED. IN EVALUATING UNCERTAIN TAX POSITIONS, THE GROUP RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE-LIKELY-THAN-NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THE AMOUNT RECOGNIZED. THE GROUP EVALUATED ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAINED OPEN AND DETERMINED THE IMPACT ON THE FINANCIAL STATEMENTS FOR ANY YEARS STILL SUBJECT TO A POTENTIAL TAX AUDIT. ANY INTEREST AND PENALTIES ARE CLASSIFIED AS GENERAL AND ADMINISTRATIVE EXPENSE IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. 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 INTERNATIONAL OFFICES IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. NET INCOME TAX EXPENSE (BENEFIT) WAS AS FOLLOWS FOR THE YEARS ENDED DECEMBER 31 (IN THOUSANDS): 2014 2013 CURRENT $ 320 $ 240 DEFERRED $ 40 $ - TOTAL $ 360 $ 240 NET DEFERRED TAX (LIABILITIES) ASSETS AT DECEMBER 31, 2014 AND 2013 APPROXIMATED $(10,000) AND $40,000, RESPECTIVELY, AND CONSIST PRINCIPALLY OF DEFERRED REVENUES AND DEFERRED EXPENSES RELATED TO EXHIBITIONS, ACCRUALS, AND DEPRECIATION. NO VALUATION ALLOWANCE WAS RECORDED AT DECEMBER 31, 2014 AND 2013, 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 STATEMENT 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. 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, 2014 AND 2013, THE TOTAL AMOUNT OF GROSS UNRECOGNIZED TAX BENEFITS WAS $838,108 AND $824,102, RESPECTIVELY, WHICH RELATES ENTIRELY TO FOREIGN TAXES. 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, 2014 $ 824 DECREASES RELATED TO EXPIRY OF STATUTE OF LIMITATION (128) INCREASES RELATED TO TAX POSITIONS TAKEN DURING A PRIOR PERIOD 142 ------ BALANCE AS OF DECEMBER 31, 2014 $ 838 ====== AS OF DECEMBER 31, 2014, 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, 2011 THROUGH DECEMBER 31, 2014 FOR U.S. FEDERAL TAX PURPOSES AND TAX YEARS ENDED DECEMBER 31, 2010 THROUGH DECEMBER 31, 2014 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, 2001) AND TAX YEARS ENDED DECEMBER 31, 2004 THROUGH DECEMBER 31, 2014 FOR FOREIGN TAX PURPOSES. AS OF DECEMBER 31, 2014 AND 2013, THE TOTAL AMOUNT OF GROSS INTEREST AND PENALTIES ACCRUED WAS $404,200 AND $477,121, 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, 2014. EAST ASIA AND THE PACIFIC 1 15 PROGRAM SERVICES TRADE SHOWS, INDUSTRY STANDARDS & RESEARCH, EDUCATION 12020515 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES TRADE SHOWS, INDUSTRY STANDARDS & RESEARCH, EDUCATION 2478860 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICES TRADE SHOWS, INDUSTRY STANDARDS & RESEARCH, EDUCATION 623896 EAST ASIA AND THE PACIFIC INVESTMENTS 815608 SOUTH ASIA INVESTMENTS 658213 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENTS 37800 1 15 0 0 1 15 16634892 0 16634892 0 0 1 0 0 0 X 1 1 X X X X X 0 1 0 DENNIS P MCGUIRK PRESIDENT & CEO 496744 0 147000 0 163501 0 212280 0 10366 0 1029891 0 147000 0 RICHARD SALSMAN CFO AND VP OPERATIONS 341505 0 122400 0 3168 0 111731 0 20456 0 599260 0 122400 0 JONATHAN DAVIS VP, GLOBAL ADVOCACY 267175 0 71924 0 2064 0 87300 0 10654 0 439117 0 71924 0 TOM MORROW EXECUTIVE VICE PRESIDENT GLOBAL EMER 47663 0 65755 0 238 0 66879 0 1201 0 181736 0 65755 0 PETER GILLESPIE CHIEF MARKETING OFFICER 157080 0 0 0 701 0 51381 0 1844 0 211006 0 0 0 KAREN SAVALA PRESIDENT, AMERICAS 248608 0 65882 0 5878 0 79853 0 25641 0 425862 0 65882 0 BETTINA WEISS VP, BUSINESS DEVELOPMENT 203292 0 54075 0 720 0 64431 0 13142 0 335660 0 54075 0 TOM SALMON VP, GLOBAL MEMBER SERVICES AND STAND 195851 0 49950 0 1104 0 62075 0 4530 0 313510 0 49950 0 ELIZABETH ANDERSON VP, GLOBAL INDUSTRY WORKFORCE 202999 0 53697 0 6096 0 65358 0 11411 0 339561 0 53697 0 JIM JACKMAN SR. DIRECTOR, CORPORATE CONTROLLER 174702 0 37380 0 1104 0 38296 0 16045 0 267527 0 0 0 LISA VAN HUYSTEE SR. DIRECTOR FIN. ANALYSIS & PLANNIN 179275 0 37380 0 1094 0 38956 0 16988 0 273693 0 37380 0 MAUREEN MCDONOUGH SENIOR DIRECTOR GLOBAL HR 180650 0 38316 0 3168 0 36541 0 9489 0 268164 0 38316 0 DARRYL BUCK VP, COST SAVINGS PROGRAMS 187062 0 18135 0 2126 0 7345 0 16286 0 230954 0 0 0 ARTHUR PAREDES SR. DIRECTOR, GLOBAL EXPOSITIONS 158551 0 38279 0 1848 0 34987 0 16962 0 250627 0 0 0 PART I, LINE 1A LINE 1A: THE ORGANIZATION PAID HEALTH CLUB DUES ON BEHALF OF DENNIS MCGUIRK. PART I, LINE 4A LINE 4A: THE ORGANIZATION HAS A SEVERANCE POLICY THAT COVERS ALL OF ITS EMPLOYEES. THE SEVERANCE PROVISION RANGES FROM EIGHT WEEKS TO FIFTY-TWO WEEKS, DEPENDING ON THE LEVEL OF POSITION AND THE TERM OF EMPLOYMENT. PART I, LINE 4B LINE 4B: DENNIS MCQUIRK RECEIVED $156,625 OF NONQUALIFIED RETIREMENT PAYMENTS THAT WERE INCLUDED IN COMPENSATION REPORTED ON FORM 990, PART VII, SECTION A, LINE 1A, COLUMN D. SCHEDULE J, PART II: COMPENSATION REPORTED ON SCHEDULE J, PART II, COLUMN F REPRESENTS AMOUNTS THAT WERE REPORTED ON PRIOR YEARS FORM 990 AS THE BENEFIT WAS ACCRUED. THESE AMOUNTS ARE ALSO REPORTED ON SCHEDULE J, PART II, COLUMN B(II) AS THEY WERE ALSO REPORTABLE IN THE CURRENT YEAR FORM W-2 FOR THE AFFECTED INDIVIDUALS. THE AMOUNTS REPORTED IN SCHEDULE J, PART II, COLUMN F SHOULD BE SUBTRACTED FROM THE AMOUNT REPORTED IN 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 THE FIELD OF SEMICONDUCTOR EQUIPMENT, MATERIALS, OR SERVICES; 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 11 BURR PILGER MAYER, INC.AND SEMI STAFF WORK TOGETHER TO GATHER THE REQUIRED TAX INFORMATION NECESSARY TO COMPLETE THE TAX RETURNS. THE INITIAL DRAFT RETURN IS REVIEWED BY BURR PILGER MAYER 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 ANNUALLY, SEMI SENDS THE CODE OF CONDUCT POLICY, WHICH INCLUDES THE CONFLICT OF INTEREST POLICY, TO ALL EMPLOYEES. ALL EMPLOYEES ARE REQUIRED TO REVIEW THE POLICY AND CERTIFY THAT THEY AGREE TO ABIDE BY IT. SEMI HUMAN RESOURCES AUDITS THE RESPONSES TO ENSURE THAT ALL EMPLOYEES RESPOND. FORM 990, PART VI, SECTION B, LINE 15 IN CONJUNCTION WITH THE INTERNATIONAL BOARD OF DIRECTORS MEETING EACH YEAR IN TOKYO, JAPAN, THE BOARD COMPENSATION COMMITTEE MEETS WITH THE PRESIDENT AND CEO, CFO AND SENIOR DIRECTOR, GLOBAL HUMAN RESOURCES. 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, THE CFO AND THE SENIOR DIRECTOR, GLOBAL HUMAN RESOURCES. 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 990T AND AUDITED FINANCIALS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ANNUALLY, SEMI SENDS THE CODE OF CONDUCT POLICY, WHICH INCLUDES THE CONFLICT OF INTEREST POLICY, TO ALL EMPLOYEES. ALL EMPLOYEES ARE REQUIRED TO REVIEW THE POLICY AND CERTIFY THAT THEY AGREE TO ABIDE BY IT. SEMI HUMAN RESOURCES AUDITS THE RESPONSES TO ENSURE THAT ALL EMPLOYEES RESPOND. FORM 990, PART XI, LINE 9: CURRENCY EXCHANGE -1,133,063. CHANGE IN TRANSLATION RESERVES -56,770. CHANGE IN PENSION ACCRUAL -632,500. SEMI FOUNDATION 3081 ZANKER ROAD SAN JOSE CA 95134 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 -1508862 6677866 1.00000 1 SEMI SINGAPORE PTE LTD LEVEL 6LOBBY APICO CREATIVE CENTR 20 KALLANG AVE SN 339411 TRADE ASSOCIATION SN Y C -269163 1965522 1.00000 1 SEMI MANAGEMENT CONSULTING (SHANGHAI) CO LTD 2F BUILDING 1 1158 ZHANGDONG ROAD SHANGHAI CH 201203 TRADE ASSOCIATION CH Y C 264124 2384606 1.00000 1 SEMI TECH SERVICES INDIA PRIVATE LIMITED DBS HOUSE SUITE 217 26 CUNNINGH BANGALORE IN 560052 TRADE ASSOCIATION IN Y C -36599 72485 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 132685 1898843 1.00000 1 SEMI ADVANCED TECHNOLOGY GERMANY GMBH HELMHOLTZSTRASSE 2-9 CHARLOTTENBUR BERLIN GM 10587 TRADE ASSOCIATION GM Y C 82527 526977 1.00000 1 1 0 0 1 1 0 0 0 0 0 0 1 1 0 1 0 0 0 0 SEMI JAPAN YK A 1080864 COST SEMI JAPAN YK D 5971107 COST SEMI SINGAPORE PTE LTD D 1234167 COST SEMI JAPAN YK M 82958 COST SEMI ADVANCED TECHNOLOGY GERMANY GMBH M 1612747 COST SEMI ADVANCED TECHNOLOGY ASSOCIATION OF KOREA M 1405671 COST SEMI FOUNDATION O 81444 COST SEMI MANAGEMENT CONSULTING (SHANGHAI) CO LTD M 1620549 COST SEMI JAPAN YK L 298907 COST SEMI SINGAPORE PTE LTD L 247532 COST SEMI TECH SERVICES INDIA PRIVATE LIMITED M 53572 COST SEMI TECH SERVICES INDIA PRIVATE LIMITED D 38034 COST SEMI TECH SERVICES INDIA PRIVATE LIMITED E 10064 COST