2012-11-06T14:29:44-06:00 2011-12-31 521855942 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2011-01-01 131142150 PACKAGING MACHINERY MANUFACTURERS INSTITUTE PACK 7032438555 11911 FREEDOM DR NO 600 RESTON VA 20190 CHARLES D YUSKA 7032438555 2012-11-06 1 DEBORAH G KOSNETT P00290720 2022932200 2011 2016-02-24 21:20:13Z CHARLES D YUSKA 11911 FREEDOM DR NO 600 RESTON VA 20190 25591316 0 X WWW.PMMI.ORG X 1933 DE PMMI IMPROVES AND PROMOTES MEMBERS' ABILITIES TO SUCCEED IN A GLOBAL MARKETPLACE. 18 14 41 120 1605050 0 0 0 36328194 25061753 360729 437710 107714 91853 36796637 25591316 102547 42122 0 0 6134090 6477022 0 0 0 27404027 22042250 33640664 28561394 3155973 -2970078 29158443 26402641 10084758 10043969 19073685 16358672 X 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. 1,562 EXHIBITORS AND 25,837 ATTENDEES AT THE 2011 LAS VEGAS SHOW. PMT MAGAZINE - PROMOTES PACKAGING MACHINERY MANUFACTURERS AS A KEY ELEMENT OF THE PACKAGING LINE OPERATIONS TO END USERS THROUGH EDITORIAL CONTENT AND ADVERTISEMENTS. CIRCULATION - 35,000 END USERS. 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 EXPOPAK, PMMI'S MEXICO PACKAGING SHOW; 3,800 SEARCHES OF THE INTERNATIONAL DATABASE; 1,222 CURRENT AGENTS IN DATABASE; OVER 4,000 DOWNLOADS OF MARKET RESEARCH REPORTS. 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.BUSINESS INTELLIGENCE -- COLLECTS AND REPORTS VALID SURVEY AND STATISTICAL DATA FOR THE BENEFIT OF THE MEMBERSHIP AND THE INDUSTRY.INDUSTRY SERVICES: FOSTERS COOPERATION, COLLABORATION, AND SHARING OF INFORMATION AMONG VARIOUS GROUPS WITHIN THE PACKAGING INDUSTRY.MEMBER SERVICES -- OFFERS VARIOUS SERVICES SUCH AS THE MEMBER DIRECTORIES, NEWSLETTER, AND BROCHURES, AND COORDINATES PUBLIC RELATIONS WITH OTHER PACKAGING ORGANIZATIONS.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.TECHNICAL -- TRACKS AND PARTICIPATES IN THE DEVELOPMENT OF STANDARDS AND REGULATIONS AFFECTING THE PACKAGING INDUSTRY AND PROVIDES TECHNICAL SUPPORT TO MEMBERS IN THE PACKAGING INDUSTRY.ALLIANCE FOR INNOVATION AND OPERATIONAL EXCELLENCE -- THE ALLIANCE FOSTERS COOPERATION, COLLABORATION, AND SHARING OF INFORMATION AMONG CUSTOMER GROUPS WITHIN THE PACKAGING AND PROCESSING INDUSTRY. 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 78 0 1 41 1 1 1 1 MX CH 0 0 1 1 0 X 18 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X CRAIG SILVERIO 7032438555 11911 FREEDOM DR NO 600 RESTON VA 20190 NICK WILSON 2.00 X X 0 0 0 RICHARD P FOX JR 2.00 X X 0 0 0 GLENN R SIEGELE 2.00 X X 0 0 0 JACK AGUERO 2.00 X 0 0 0 RICHARY RYAN 2.00 X 0 0 0 RICHARD A BAHR 2.00 X 0 0 0 JEFFREY BIGGER 2.00 X 0 0 0 SHARRON GILBERT 2.00 X 0 0 0 MATT LERNER 2.00 X 0 0 0 RICHARD S SCHNEIDER 2.00 X 0 0 0 ROCKY MARQUIS 2.00 X 0 0 0 MICHAEL A SENSKE 2.00 X 0 0 0 TIMOTHY MCCARTHY 2.00 X 0 0 0 MARK S REICHERT 2.00 X 0 0 0 NEAL NORDLING 2.00 X 0 0 0 EMMANUEL CERF 2.00 X 0 0 0 WILLIAM L CRIST 2.00 X 0 0 0 BEN GARVEY 2.00 X 0 0 0 CHARLES YUSKA 38.00 X 942708 49616 189646 CRAIG SILVERIO 38.00 X 217032 11423 57001 MARY KATHRYN BERGMANN 40.00 X 169699 0 38997 THOMAS EGAN 40.00 X 231127 0 57287 JORGE IZQUIERDO 40.00 X 225008 0 57433 JAMES PITTAS 40.00 X 267486 0 55743 JAMES ROCHE 40.00 X 153631 0 42785 JULIE ACKERMAN 40.00 X 104604 0 11419 PATRICIA FEE 40.00 X 107314 0 38932 MARIA FERRANTE 24.00 X 86018 57345 45246 CHRISTIAN OHARA 40.00 X 147032 0 38543 DINAH SPROUSE 40.00 X 124010 0 29216 2775669 118384 662248 13 0 1 0 FREEMAN PO BOX 650036 DALLAS TX 75265 TRADE SHOW GEN CONTRACTOR 4937475 FIXATION MARKETING 4340 EAST-WEST HIGHWAY SUITE 200 BETHESDA MD 20814 OUTSOURCED ADVERTISING/MARKETING 1434567 LAS VEGAS CONVENTION CENTER 3150 PARADISE ROAD LAS VEGAS NV 89109 EXHIBITION HALL 1272683 THE EXPO GROUP LLP 5931 W CAMPUS CIRCLE DR IRVING TX 75063 3RD PARTY BILLING SERVICES 1128333 METROPOLITAN PIER & EXPO AUTHORITY 301 EAST CERMAK ROAD CHICAGO IL 60816 EXHIBITION HALL 1038963 27 TRADE SHOWS AND SEMINA 900099 22459611 22459611 PUBLICATIONS 541800 1605050 1605050 MEMBERSHIP DUES 900099 869991 869991 CERTIFICATION CLASSES 611430 127101 127101 25061753 437710 437710 26137 0 26137 26137 26137 MISCELLANEOUS 900099 65716 65716 65716 25591316 23456703 1605050 529563 42122 2718636 2696909 132106 615043 314328 631250 36922 87153 110495 3617387 2143575 770206 604443 503967 762345 10388316 311314 189270 CREDIT CARD FEES 474034 EQUIP RENTAL AND MAINT 454314 COMMISSIONS 267900 MISCELLANEOUS 190551 498808 28561394 5654553 691626 633203 391400 2586 7552 2070453 1654412 2755116 531697 226352 2223419 17206869 17317483 328355 828218 3036072 3288531 29158443 26402641 5656507 2678470 3403540 5400656 1024711 1964843 10084758 10043969 X 19073685 16358672 19073685 16358672 29158443 26402641 X -2970078 255065 X X 0 1 1 X 0 0 1 0 761788 47089 714699 1993328 484608 1508720 2223419 ACCRUED INTEREST RECEIVABLE 28047 INTANGIBLE ASSET- UNAMORTIZABLE GOODWILL 2886587 DUE FROM RELATED PARTIES -12847 DEFERRED COSTS 386744 3288531 DEFERRED COMPENSATION 1047197 DEFERRED RENT 917646 1964843 25591316 28561394 -2970078 -466712 721777 255065 -2715013 16489792 -466712 909031 442319 16047473 110495 9433348 9543843 25591316 19592630 0 19592630 110495 8858269 8968764 28561394 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INSTITUTE 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 YEARS ENDED DECEMBER 31, 2008 THROUGH 2011 REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: EQUITY IN EARNINGS OF SUBSIDIARY 909,031. FOREIGN CURRENCY TRANSLATION -187,254. TOTAL TO SCHEDULE D, PART XI, LINE 8: 721,777. PART XII, LINE 2D - OTHER ADJUSTMENTS: EQUITY IN EARNINGS OF SUBSIDIARY 909,031. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUE OF PES, A SINGLE MEMBER LLC 9,433,348. PART XIII, LINE 4B - OTHER ADJUSTMENTS: EXPENSE OF PES, A SINGLE MEMBER LLC 8,858,269. NORTH AMERICA 1 3 PROGRAM SERVICES ASSIST MEMBERS TO SELL EQUIPMENT IN THE LATIN AMERICAN MARKETPLACE THROUGH MARKET RESEARCH, IDENTIFICATION OF AGENTS AND DISTRIBUTORS, AND THROUGH EXHIBITIONS AND TRADE MISSIONS. 282635 EAST ASIA AND THE PACIFIC 1 2 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. 178342 2 5 0 0 2 5 460977 0 460977 0 0 1 0 0 0 1 PMMI EDUCATION & TRAINING FOUNDATION 11911 FREEDOM DR STE 600 RESTON VA 20190 541820667 501(C)(3) 42122 OPERATIONS 1 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 X 0 1 0 CHARLES YUSKA 636012 33474 95204 5011 211492 11131 160605 8453 26504 1395 1129817 59464 0 0 CRAIG SILVERIO 195039 10265 19814 1043 2179 115 36766 1935 21819 1148 275617 14506 0 0 MARY KATHRYN BERGMANN 152987 0 14950 0 1762 0 29485 0 12017 0 211201 0 0 0 THOMAS EGAN 207704 0 20263 0 3160 0 38987 0 21301 0 291415 0 0 0 JORGE IZQUIERDO 202407 0 20500 0 2101 0 37237 0 22986 0 285231 0 0 0 JAMES PITTAS 241637 0 24000 0 1849 0 37883 0 20669 0 326038 0 0 0 JAMES ROCHE 151651 0 0 0 1980 0 26105 0 19581 0 199317 0 0 0 MARIA FERRANTE 76824 51216 8313 5542 881 587 14320 9546 16846 11231 117184 78122 0 0 CHRISTIAN OHARA 80122 0 66449 0 461 0 21883 0 18210 0 187125 0 0 0 DINAH SPROUSE 116604 0 5850 0 1556 0 21330 0 9435 0 154775 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'S PRESIDENT AND CEO RECEIVED A GROSSED-UP ADDITION TO HIS TAXABLE INCOME REPRESENTING AN ADDITIONAL PAYMENT OVER AND ABOVE THE CONTRIBUTION MADE ON HIS BEHALF UNDER PMMI'S DEFINED CONTRIBUTION PENSION PLAN. 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. ALLIANCE EXPOSITION SERVICES INC COMPANY OWNED BY MARK YUSKA, SON OF CHUCK YUSKA, PMMI'S PRESIDENT AND CEO 89273 PAYMENTS MADE TO ALLIANCE EXPOSITION SERVICES, LLC, FOR PACKAGING SHOW EXPOSITION SERVICES. 0 PMMI EDUCATION AND TRAINING FOUNDATION 80% OF THE FOUNDATION'S BOARD MEMBERS ARE ALSO BOARD MEMBERS OF PMMI PLEASE SEE SCHEDULE R FOR ALL REPORTABLE TRANSACTIONS BETWEEN PMMI AND ITS FOUNDATION. 0 EXPOPAK DE MEXICO SA DE CV COMMON CONTROL PLEASE SEE SCHEDULE R FOR ALL REPORTABLE TRANSACTIONS BETWEEN PMMI AND EXPOPAK. 0 SCHEDULE L, PART IV: PMMI AND ITS FOUNDATION ARE TWO SECTION 501(C) ORGANIZATIONS THAT SHARE SOME BOARD MEMBERS. MORE THAN 35% OF THE FOUNDATION'S BOARD MEMBERS ARE ALSO BOARD MEMBERS OF PMMI. PLEASE SEE SCHEDULES L AND R FOR ADDITIONAL INFORMATION REGARDING BUSINESS TRANSACTIONS BETWEEN THE TWO ENTITIES.EXPOPAK IS PMMI'S TAXABLE SUBSIDIARY, LOCATED IN MEXICO. IT ADMINISTERS PMMI'S MEXICAN EXPOSITION AND SHOW. THREE OF EXPOPAK'S FOUR DIRECTORS ARE PMMI OFFICERS OR KEY EMPLOYEES. PLEASE SEE SCHEDULE R FOR ALL REPORTABLE TRANSACTIONS BETWEEN PMMI AND EXPOPAK. 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 OR CANADA 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. OR CANADA 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 OR CORPORATION OR SUBSIDIARY THAT IS ENGAGED IN THE MANUFACTURING OF COMMERCIALLY AVAILABLE PROCESSING MACHINERY OR RELATED EQUIPMENT 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 AT LEAST FORTY-FIVE 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 MAKEUP OF THE EXISTING BOARD AND SHALL, TO THE EXTENT PRACTICABLE, SELECT NOMINEES THAT WILL MAINTAIN A WELL-BALANCED BOARD, REFLECTING THE INSTITUTE'S GENERAL MEMBERSHIP. NO EXECUTIVE REPRESENTATIVE OF A MEMBER IN AN AFFILIATED GROUP, AS DEFINED IN SECTION 3(C) OF ARTICLE II OF THE PMMI 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. NOMINEES RECEIVING THE LARGEST NUMBER OF VOTES FROM MEMBERS AT THE ANNUAL MEETING SHALL BE DECLARED ELECTED. IN THE CASE OF A TIE VOTE AMONG TWO OR MORE NOMINEES, THE SELECTION OF THE NOMINEE(S) TO SERVE AS DIRECTOR(S) SHALL BE DETERMINED BY LOT ON A DRAWING BY THE CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B ALTERATIONS OR AMENDMENTS OF PMMI'S BYLAWS MAY BE PROPOSED BY THE BOARD OF DIRECTORS OR BY PETITION SIGNED BY ANY FIFTEEN (15) GENERAL MEMBERS OF THE INSTITUTE. ACTUAL ALTERATION OR AMENDMENT IS ACCOMPLISHED BY A MAJORITY VOTE OF THE GENERAL (VOTING) 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 (VOTING) 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. 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 RETAINED THE SERVICES OF AN OUTSIDE CONSULTING FIRM TO REVIEW THE EXTERNAL COMPETIVENESS OF THE PRESIDENT AND CEO'S COMPENSATION PACKAGE IN THE CONTEXT OF THOSE PROVIDED TO EXECUTIVES IN COMPARABLE TRADE ASSOCIATIONS. THE REVIEW DOCUMENTS THE PEER GROUP ACCORDING TO INDUSTRY TYPE AND ANNUAL OPERATING BUDGETS. 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 SERVICES OF AN OUTSIDE CONSULTING FIRM WERE RETAINED TO ASSESS THE EXTERNAL COMPETIVENESS OF COMPENSATION FOR THE KEY EMPLOYEE POSITIONS. THIS EVALUATION INCLUDED COLLECTING AND ANALYZING JOB CONTENT DATA FOR EACH POSITION; ESTABLISHING A PROTOCOL FOR BENCHMARKING COMPENSATION FOR SIMILAR POSITIONS IN THE VARIOUS LABOR MARKETS IN WHICH THE ORGANIZATION COMPETES FOR EXECUTIVE TALENT; AND UTILIZING INFORMATION FROM PUBLISHED SOURCES TO OBTAIN MARKET PAY DATA ON SIMILAR EXECUTIVE POSITIONS. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -466,712. EQUITY IN EARNINGS OF SUBSIDIARY 909,031. FOREIGN CURRENCY TRANSLATION -187,254. TOTAL TO FORM 990, PART XI, LINE 5: 255,065. 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 9433348 633371 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 EXPOPAK DE 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 4902796 3003143 1.00000 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 140009 20238 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 EXPOPAK DE MEXICO SA DE CV A 412973 CASH PMMI EDUCATION AND TRAINING FOUNDATION B 42122 CASH EXPOPAK DE MEXICO SA DE CV R 760780 CASH