2026-04-17T15:43:44-05:00 2025-06-30 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2024-07-01 231352007 THE AMERICAN BOARD OF SURGERY INC AMER 2155684000 1700 MARKET STREET 3110 PHILADELPHIA PA 19103 JO BUYSKE PRESIDENT AND CEO 2155684000 2026-04-17 1 1 KATIE O GALASKA P01211168 2154414600 2024 2025-03-06 01:10:19Z X JO BUYSKE MD 1700 MARKET STREET 3110 PHILADELPHIA PA 19103 43720378 0 X WWW.ABSURGERY.ORG X 1937 PA ADMINISTRATION OF IN-TRAINING, CERTIFICATION, RECERTIFICATION AND CONTINUOUS CERTIFICATION EXAMS AND ASSESSMENTS IN GENERAL SURGERY, AS WELL AS SPECIALTY AREAS OF VASCULAR SURGERY, PEDIATRIC SURGERY, SURGICAL CRITICAL CARE, COMPLEX GENERAL SURGICAL ONCOLOGY, HAND SURGERY, AND FOCUSED PRACTICE DESIGNATION IN METABOLIC AND BARIATRIC SURGERY AND ADULT COMPLEX THYROID AND PARATHYROID SURGERY. THE ABS ALSO PROVIDES A SURGICAL EDUCATION PORTAL TO PROGRAMS AND INDIVIDUALS. AS OF JANUARY 2025, HAND SURGERY DIPLOMATES ARE NOW CERTIFIED BY THE AMERICAN BOARD OF PLASTIC SURGERY. 13 12 55 1300 0 0 0 0 17294314 19734855 2020968 2267869 257378 244256 19572660 22246980 0 0 0 0 7704029 8867544 0 0 0 7851967 9235921 15555996 18103465 4016664 4143515 37321463 46087331 7407908 8629126 29913555 37458205 X SEE SCHEDULE O 0 0 THE ABS INCURS COSTS ASSOCIATED WITH THE DEVELOPMENT, INITIAL CERTIFICATION AND ADMINISTRATION OF CONTINUOUS CERTIFICATION AND FOCUSED PRACTICE DESIGNATION BY ABS, AND IN ISSUING CERTIFICATES OF QUALIFICATION TO ALL CANDIDATES MEETING THE ABS'S REQUIREMENTS. DURING THE FISCAL YEAR ENDED JUNE 30, 2025, THERE WERE 29,732 INDIVIDUALS WHO TOOK AN EXAMINATION, INCLUDING 11,562 SURGERY RESIDENTS TAKING THEIR IN-TRAINING EXAMINATIONS, 2,116 INDIVIDUALS OBTAINED INITIAL CERTIFICATION, 13,324 TOOK THE CONTINUOUS CERTIFICATION ASSESSMENT FOR GENERAL AND OTHER SPECIALTIES, 46 ABS DIPLOMATES TOOK THE METABOLIC AND BARIATRIC SURGERY FOCUSED PRACTICE DESIGNATION, AND 109 ABS DIPLOMATES TOOK THE ADULT COMPLEX THYROID AND PARATHYROID SURGERY FOCUS PRACTICE DESIGNATION. THE TYPES OF EXAMINATIONS THE COSTS ARE INCURRED FOR INCLUDE THE FOLLOWING: IN-TRAINING, QUALIFYING, CERTIFYING, RE-ENTRY, CONTINUOUS CERTIFICATION ASSESSMENTS INCLUDING ENTRUSTABLE PROFESSIONAL ACTIVITY ASSESSMENTS, AND FOCUSED PRACTICE RECOGNITION. THE AREAS OF SPECIALTY INCLUDE GENERAL SURGERY AND VASCULAR SURGERY, AND SUBSPECIALTIES INCLUDE SURGICAL CRITICAL CARE, PEDIATRIC SURGERY, SURGERY OF THE HAND, COMPLEX GENERAL SURGICAL ONCOLOGY, METABOLIC AND BARIATRIC SURGERY, AND ADULT COMPLEX THYROID AND PARATHYROID SURGERY. THE SCORE ARM OF THE ABS INCURS EXPENSES IN PROVIDING HIGH-QUALITY EDUCATIONAL CONTENT IN SUPPORT OF THE SCORE CURRICULUM TO RESIDENTS AND RESIDENCY PROGRAMS VIA THE SCORE PORTAL ON THE ORGANIZATION'S WEBSITE. THE SCORE CURRICULUM IS DESIGNED TO DEFINE THE PERTINENT SPECIALTIES OF GENERAL SURGERY AND PROVIDE GREATER ASSURANCE THAT RESIDENTS ARE RECEIVING SUFFICIENT TRAINING IN ALL AREAS. THE CURRICULUM FOCUSES ON THE FIVE YEARS OF PROGRESSIVE EDUCATION AND TRAINING THAT CONSTITUTE GENERAL SURGERY RESIDENCY IN THE U.S., AFTER MEDICAL SCHOOL BUT PRIOR TO INDEPENDENT PRACTICE, AND SEPARATE MODULES ADDRESS THE TRAINING OF VASCULAR SURGEONS AND SUBSPECIALISTS IN PEDIATRIC SURGERY, SURGICAL CRITICAL CARE, AND COMPLEX GENERAL SURGICAL ONCOLOGY. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 55 1 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JO BUYSKE MD PRESIDENT CEO 2155684000 1700 MARKET STREET SUITE 3110 PHILADELPHIA PA 19103 AMY J GOLDBERG MD CHAIR 3.00 X X 0 0 0 BETH H SUTTON MD DIRECTOR 3.00 X 0 0 0 DANIEL L DENT MD DIRECTOR 3.00 X 0 0 0 DONNA L LAMB DHSC DIRECTOR 3.00 X 0 0 0 E DAVID HAN MD DIRECTOR 3.00 X 0 0 0 GILBERT R UPCHURCH JR MD DIRECTOR 3.00 X 0 0 0 JO BUYSKE MD PRESIDENT & CEO, EX-OFFICIO 40.00 X X 667816 376929 617329 JOHN H STEWART IV MD MBA DIRECTOR 3.00 X 0 0 0 M TIMOTHY NELSON MD DIRECTOR 3.00 X 0 0 0 MARGARET L JENKINS DIRECTOR 3.00 X 0 0 0 MARJORIE J ARCA MD DIRECTOR 3.00 X 0 0 0 MARK R CHASSIN MD MPP MPH DIRECTOR 3.00 X 0 0 0 REBECCA M MINTER MD VICE CHAIR 3.00 X X 0 0 0 JESSICA A SCHREADER COS/CAO; BOARD SECRETARY 40.00 X 245484 0 42750 MARY K MACKEY CPA CFO; BOARD TREASURER 40.00 X 175987 0 10699 ADANWIMO OKAFOR GENERAL COUNSEL & CDEIO 40.00 X 275877 0 23117 AMIT R T JOSHI MD EDITOR-IN-CHIEF, SCORE 40.00 X 176062 0 0 ANDREW JONES PHD CQRAO 40.00 X 293975 0 35236 KAREN BRASEL MD MPH VICE-PRESIDENT 40.00 X 387103 0 23966 BRUCE A PERLER MD VICE-PRESIDENT 20.00 X 228548 0 4175 JOHN D MELLINGER MD VICE-PRESIDENT 20.00 X 153474 0 19575 MARK J HICKEY COO 40.00 X 200061 0 33798 CAROL BARRY MARINI PHD DIRECTOR, PSYCHOMETRICS AND RESEARCH 40.00 X 177820 0 33624 CHRIS TUCCI SENIOR SYSTEMS ENGINEER 40.00 X 125103 0 19573 KATHLEEN SCHUGSTA SENIOR STAFF ACCOUNTANT 40.00 X 147482 0 12772 LISA DRISCOLL IT MANAGER 40.00 X 131088 0 30170 RAYMOND O'MEARA DIRECTOR OF ASSESSMENT 40.00 X 159097 0 13717 3544977 376929 920501 23 0 1 0 RCG GLOBAL SERVICES INC 99 WOOD AVENUE SOUTH 9TH FLOOR ISELIN NJ 08820 IT SERVICES 1196340 NCS PEARSON INC 5601 GREEN VALLEY DRIVE BLOOMINGTON MN 55437 TESTING ADMIN FEES 778556 SILVERCHAIR 16 EAST MAIN STREET SUITE 300 CHARLOTTESVILLE VA 22902 IT SERVICES 623344 INTERNET TESTING SYSTEMS LLC 3000 CHESTNUT AVENUE SUITE 401 BALTIMORE MD 21211 IT SERVICES 401478 PROCEDURAL LEARNING AND SAFETY COLLAB 177 HUNTINGTON AVE BOSTON MA 02115 IT SERVICES 382872 11 REGISTRATION / EXAM FEES 611710 16594111 16594111 PSYCHOMETRIC FEES 611710 2906086 2906086 OTHER REVENUE 611710 234658 234658 19734855 1628493 1628493 22112774 21473398 639376 639376 639376 PASSTHROUGH REIMBURSEMENT 611710 244256 244256 244256 22246980 19979111 0 2267869 3003066 3673002 1163103 590360 438013 114319 79816 149620 1181409 64208 2908537 398113 1141172 186416 730461 108078 EXAMINATION ADMINISTRAT 1185271 DUES 292314 EXAM ADMIN FEE 248536 BOARD PASSTHROUGHS 244256 203395 18103465 1560668 1994941 245806 448445 299626 198621 4288534 2746149 1931003 1542385 29886431 35917361 368291 743727 3029638 5241851 37321463 46087331 1678264 1379159 4650746 5809843 1078898 1440124 7407908 8629126 X 29913555 37458205 29913555 37458205 37321463 46087331 X 4143515 828746 2572389 X X 0 1 X 1 0 431767 325722 106045 708993 698584 10409 3147774 1721843 1425931 1542385 RIGHT-OF-USE ASSETS - OPERATING 211105 PENSION PLAN 5016704 OTHER ASSETS 14042 5241851 OTHER LONG-TERM LIABILITY 469725 LEASE LIABILITIES - OPERATING 226672 DEFERRED COMPENSATION 743727 1440124 X 22926106 828746 828746 22097360 149620 149620 22246980 17953845 0 17953845 149620 149620 18103465 PART X, LINE 2: ABS IS A NON-PROFIT ORGANIZATION WHICH HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE (IRS) TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(6) OF THE INTERNAL REVENUE CODE (IRC). SCORE WAS A NON-PROFIT ORGANIZATION WHICH HAS BEEN DETERMINED BY THE IRS TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(4) OF THE IRC. ON SEPTEMBER 16, 2020, SCORE FILED ITS FINAL FEDERAL INCOME TAX RETURN. ABS ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. ABS'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. MANAGEMENT DETERMINED THAT THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD FOR THE YEARS ENDED JUNE 30, 2025 AND 2024. ABS'S FEDERAL INCOME TAX RETURNS FOR 2024, 2023, AND 2022 REMAIN SUBJECT TO EXAMINATION BY THE IRS. X X X X X 1 1 0 JO BUYSKE MD PRESIDENT & CEO, EX-OFFICIO 661407 0 0 0 6409 376929 592788 0 24541 0 1285145 376929 0 0 KAREN BRASEL MD MPH VICE-PRESIDENT 382835 0 0 0 4268 0 18510 0 5456 0 411069 0 0 0 ANDREW JONES PHD CQRAO 246751 0 0 0 47224 0 23565 0 11671 0 329211 0 0 0 ADANWIMO OKAFOR GENERAL COUNSEL & CDEIO 259225 0 0 0 16652 0 21809 0 1308 0 298994 0 0 0 JESSICA A SCHREADER COS/CAO; BOARD SECRETARY 198680 0 0 0 46804 0 20294 0 22456 0 288234 0 0 0 MARK J HICKEY COO 198802 0 0 0 1259 0 10496 0 23302 0 233859 0 0 0 BRUCE A PERLER MD VICE-PRESIDENT 228548 0 0 0 0 0 4175 0 0 0 232723 0 0 0 CAROL BARRY MARINI PHD DIRECTOR, PSYCHOMETRICS AND RESEARCH 172664 0 0 0 5156 0 14665 0 18959 0 211444 0 0 0 MARY K MACKEY CPA CFO; BOARD TREASURER 168766 0 0 0 7221 0 9951 0 748 0 186686 0 0 0 AMIT R T JOSHI MD EDITOR-IN-CHIEF, SCORE 174862 0 0 0 1200 0 0 0 0 0 176062 0 0 0 JOHN D MELLINGER MD VICE-PRESIDENT 153474 0 0 0 0 0 12516 0 7059 0 173049 0 0 0 RAYMOND O'MEARA DIRECTOR OF ASSESSMENT 143049 0 0 0 16048 0 12715 0 1002 0 172814 0 0 0 LISA DRISCOLL IT MANAGER 126002 0 0 0 5086 0 11141 0 19029 0 161258 0 0 0 KATHLEEN SCHUGSTA SENIOR STAFF ACCOUNTANT 130612 0 0 0 16870 0 11770 0 1002 0 160254 0 0 0 PART I, LINE 3 JUNE 30, 2022 THE BOARD APPROVED A SEPARATE COMPENSATION COMMITTEE WHICH WAS IN EFFECT FOR ALL OF FY24-25 PART I, LINES 4A-B MARK HICKEY WAS PAID A SEVERANCE AMOUNT OF $83,200 DURING CALENDAR YEAR 2024. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE FOLLOWING OFFICER PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. THE CONTRIBUTIONS TO THE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN ARE INCLUDED IN SCHEDULE J, PART II COLUMN (C ) AS PART OF DEFERRED COMPENSATION OR SCHEDULE J, PART II, COLUMN (B)(III) WHEN AMOUNTS ARE DEFERRED AND DISTRIBUTED IN THE SAME CALENDAR YEAR: JO BUYSKE, MD $182,440 (DEFERRED AND DISTRIBUTED IN 2024), $565,188 (DEFERRED) PART I, LINE 7 THE COMPENSATION COMMITTEE, AS PART OF ITS RESPONSIBILITIES IN SETTING EXECUTIVE COMPENSATION, ANNUALLY RECOMMENDS TO THE FULL BOARD, EXECUTIVE BONUSES BASED ON THE ACHIEVEMENT OF ORGANIZATIONAL AND CEO GOALS, RELYING ON A VARIETY OF FACTORS WHILE MAINTAINING THE INTEGRITY OF THE COMPENSATION SETTING PROCESS FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE AMERICAN BOARD OF SURGERY'S MISSION IS TO USE THE TOOLS OF TESTING, ASSESSMENT, CURRICULUM AND EDUCATION TO PROVIDE LEADERSHIP IN SURGICAL EDUCATION AND PRACTICE THROUGH RIGOROUS EVALUATION AND PROMOTING THE HIGHEST STANDARDS FOR PROFESSIONALISM, LIFELONG LEARNING, AND CONTINUOUS CERTIFICATION OF SURGEONS. THE ABS PRIMARILY SERVES THE THREE CATEGORIES OF PATIENTS, SOCIETY, AND THE SPECIALTY OF SURGERY. THE ABS WAS FOUNDED IN 1937 TO PROVIDE BOARD CERTIFICATION TO INDIVIDUALS WHO HAVE MET A DEFINED STANDARD OF EDUCATION, TRAINING AND KNOWLEDGE IN THE FIELD OF SURGERY. SURGEONS CERTIFIED BY THE ABS, KNOWN AS DIPLOMATES, HAVE COMPLETED AT LEAST 5 YEARS OF RESIDENCY TRAINING FOLLOWING MEDICAL SCHOOL, MET ALL ABS TRAINING REQUIREMENTS, AND SUCCESSFULLY COMPLETED THE ABS EXAMINATION PROCESS. ONCE CERTIFIED, ABS DIPLOMATES MUST COMPLETE CONTINUING EDUCATION AND ASSESSMENT ACTIVITIES IN A PROCESS NOW KNOWN AS CONTINUOUS CERTIFICATION. BOARD CERTIFICATION BY THE ABS IS A VOLUNTARY PROCESS THAT DEMONSTRATES A SURGEON'S COMMITMENT TO PROFESSIONALISM, LIFELONG LEARNING, AND QUALITY PATIENT CARE. THE ABS OFFERS BOARD CERTIFICATION IN SURGERY (GENERAL SURGERY), VASCULAR SURGERY, PEDIATRIC SURGERY, SURGICAL CRITICAL CARE, COMPLEX GENERAL SURGICAL ONCOLOGY AND HAND SURGERY. SEPARATE FROM CERTIFICATION, ABS ALSO OFFERS VOLUNTARY FOCUSED PRACTICE DESIGNATION IN METABOLIC AND BARIATRIC SURGERY AND ADULT COMPLEX THYROID AND PARATHYROID SURGERY. THE ABS ALSO STRIVES TO IMPROVE THE EDUCATION OF RESIDENTS IN GENERAL SURGERY AND RELATED SPECIALTIES THROUGH THE DEVELOPMENT OF A NATIONAL CURRICULUM (SCORE). SCORE'S PRIMARY FEATURE, THE SCORE PORTAL, DELIVERS EDUCATIONAL CONTENT ALIGNED WITH THE CURRICULUM TO RESIDENTS, FELLOWS AND TRAINING PROGRAMS. MANY ABS EXAMINATIONS, SUCH AS THE ABSITE AND THE GENERAL SURGERY QUALIFYING EXAM, INCLUDE CONTENT THAT IS ALIGNED WITH SCORE'S CURRICULUM IN ORDER TO STREAMLINE THE LEARNING EXPERIENCE. THE SCORE CURRICULUM IS DESIGNED TO DEFINE THE VARIOUS SURGICAL SPECIALTIES AND PROVIDE GREATER ASSURANCE THAT RESIDENTS AND FELLOWSHIP TRAINEES ARE RECEIVING SUFFICIENT TRAINING IN ALL AREAS. IN ADDITION TO THE ORIGINAL SCORE CURRICULUM FOR GENERAL SURGERY, SCORE'S OFFERINGS HAVE GROWN TO INCLUDE CURRICULUMS FOR VASCULAR SURGERY, PEDIATRIC SURGERY AND SURGICAL CRITICAL CARE, WITH A SURGICAL ONCOLOGY CURRICULUM CURRENTLY IN DEVELOPMENT. THE SCORE CURRICULUM FOR GENERAL SURGERY FOCUSES ON THE FIVE YEARS OF PROGRESSIVE EDUCATION AND TRAINING THAT CONSTITUTE GENERAL SURGERY RESIDENCY IN THE U.S., AFTER MEDICAL SCHOOL BUT PRIOR TO INDEPENDENT PRACTICE, AND HAS BEEN DEVELOPED IN ACCORDANCE WITH THE SIX COMPETENCIES EXPECTED OF A GRADUATING RESIDENT: PATIENT CARE; MEDICAL KNOWLEDGE; PROFESSIONALISM; INTERPERSONAL AND COMMUNICATION SKILLS; PRACTICE-BASED LEARNING; AND SYSTEMS-BASED PRACTICE. THE SCORE CURRICULUMS FOR THE OTHER SURGICAL SPECIALTIES INCLUDE TOPICS TO BE COVERED IN THE YEARS OF TRAINING FOLLOWING RESIDENCY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM PREPARE THE FORM 990. THE FORM IS THEN REVIEWED BY THE ORGANIZATION'S CFO, LEGAL COUNSEL, CAO AND PRESIDENT/CEO AND ANY NEEDED CHANGES OR UPDATES ARE COMMUNICATED BACK TO THE ACCOUNTING FIRM. THE 990 IS REVIEWED IN DETAIL BY THE AUDIT COMMITTEE AND THEN RECOMMENDED FOR APPROVAL BY THE FULL BOARD. ALL BOARD MEMBERS RECEIVE COPIES OF THE FORM 990 BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS ALL DIRECTORS SIGN A DISCLOSURE FORM ANNUALLY ATTESTING TO THE FACT THAT THEY EACH HAVE READ, UNDERSTOOD, AND AGREED TO ABIDE BY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. ALL NEW DIRECTORS WILL BE REQUIRED TO SIGN THE SAME ATTESTATION UPON THEIR JOINING THE BOARD OF DIRECTORS. IN ADDITION, ANY DIRECTOR, OFFICER, EMPLOYEE, MEMBER OR COMMITTEE MEMBER HAVING AN INTEREST IN A CONTRACT OR OTHER TRANSACTION PRESENTED TO THE BOARD OF DIRECTORS OR A COMMITTEE THEREOF FOR AUTHORIZATION, APPROVAL, OR RATIFICATION SHALL GIVE PROMPT, FULL, AND FRANK DISCLOSURE OF HIS OR HER INTEREST TO THE BOARD OR COMMITTEE PRIOR TO ACTING ON SUCH CONTRACT OR TRANSACTION. THE BOARD OR COMMITTEE SHALL GATHER COMPARABILITY DATA REGARDING A POSSIBLE CONFLICT TO MAKE DETERMINATIONS REGARDING THE FAIRNESS AND REASONABLENESS OF THE TRANSACTION. THE INTERESTED PARTY MAY MAKE A PRESENTATION TO THE BOARD OR COMMITTEE CONCERNING THE TRANSACTION OR ARRANGEMENT AND THE INTERESTED PARTY'S INTEREST IN THE TRANSACTION OR ARRANGEMENT. THE BOARD OR COMMITTEE SHALL THEN DISCUSS THE TRANSACTION OR ARRANGEMENT WITHOUT THE INTERESTED PARTY PRESENT, INCLUDING THE DATA GATHERED ABOUT POSSIBLE MORE ADVANTAGEOUS TRANSACTIONS OR ARRANGEMENTS. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE IN CONFORMITY WITH THIS DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 IN 2024, THE ABS ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO PROVIDE RELEVANT, COMPETITIVE COMPARABLE MARKET COMPENSATION INFORMATION FOR SELECTED EXECUTIVE POSITIONS, INCLUDING THE CEO, VICE-PRESIDENTS, AND GENERAL COUNSEL. THE EXPERT REPORT CONCLUDED THAT ALL EXECUTIVES CURRENT RATES OF TOTAL COMPENSATION ARE REASONABLE. THE COMPENSATION REPORT AND ANALYSIS FOR THE EXECUTIVES WERE REVIEWED AND APPROVED BY THE ABS COMPENSATION COMMITTEE AND THE BOARD OF DIRECTORS, AS CONFIRMED IN THEIR RESPECTIVE MINUTES AT THAT TIME. IT IS THE POLICY OF THE ABS TO ENGAGE AN INDEPENDENT REVIEW EVERY 2-3 YEARS OR AS CONTRACTS ARE RENEWED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: OTHER COMPONENTS OF NET PERIODIC PENSION COSTS 2,572,389. FORM 990, PART XII, LINE 2C AUDIT COMMITTEE IS TO OVERSEE THE SELECTION OF AUDITORS AND REVIEW OF AUDITED FINANCIAL STATEMENTS