2020-03-17T17:35:02-05:00 2019-06-30 910189318 MOSS ADAMS LLP 3121 WEST MARCH LANE SUITE 100 STOCKTON CA 95219 990 2018-07-01 952544340 SPECIALTY EQUIPMENT MARKET ASSOCIATION SPEC 9099786709 1575 SOUTH VALLEY VISTA DR DIAMOND BAR CA 91765 CHRISTOPHER J KERSTING PRESIDENT/CEO 9099786709 2020-03-04 1 TRACY PAGLIA P00366884 2099556100 2020-03-04 23.242.64.125 2020-03-04 19:19:16 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 7D0D6C7A6A5655B0595BBDB8C4257A6B648F0CEB 2018 2020-09-23 17:36:50Z CHRISTOPHER J KERSTING 1575 SOUTH VALLEY VISTA DR DIAMOND BAR CA 91765 78114946 0 X WWW.SEMA.ORG X 1963 CA TO PROVIDE MEMBERS WITH A FORUM TO BUY, SELL, AND MARKET PRODUCTS AND SERVICES WHICH DRIVES THE SPECIALTY AUTOMOTIVE AFTERMARKET INDUSTRY. 13 13 155 12 21822 8295 0 0 44870144 44929888 7290859 5264671 166261 211598 52327264 50406157 10353820 1241251 0 0 14498565 15198146 0 0 0 24942062 25453117 49794447 41892514 2532817 8513643 143129741 153743762 29881585 30625596 113248156 123118166 X SEMA'S MISSION IS TO HELP OUR MEMBERS' BUSINESSES SUCCEED AND PROSPER. OUR MEMBERS ARE THE PRODUCERS AND MARKETERS OF SPECIALTY EQUIPMENT PRODUCTS AND SERVICES FOR THE AUTOMOTIVE AFTERMARKET. WE WILL DO THIS BY: A. PROACTIVE LEADERSHIP IN OUR INDUSTRY TO HELP IT EXPAND DOMESTICALLY AND WORLDWIDE. B. DELIVERING PROGRAMS, ACTIVITIES AND INFORMATION IN RESPONSE TO THE ONGOING AND EMERGING NEEDS OF OUR MEMBERS. C. EMPHASIZING EDUCATION TO HELP MEMBERS FOCUS ON AND ACHIEVE ACCEPTABLE WORLD-CLASS QUALITY STANDARDS. D. LEGISLATIVE AND REGULATORY ADVOCACY. E. PRODUCING THE INDUSTRY'S LEADING TRADE SHOW. 0 0 SEE SCHEDULE O 0 0 1 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 263 0 1 155 1 1 1 0 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 CA X GEORGE T AFREMOW 9099786709 PO BOX 4910 DIAMOND BAR CA 917650910 DOUG EVANS IMMEDIATE PAST CHAIR & SECRETARY 3.00 1.00 X X 0 0 0 WADE KAWASAKI CHAIRMAN 3.00 1.00 X X 0 0 0 TIM MARTIN CHAIRMAN - ELECT 3.00 2.00 X X 0 0 0 GREG ADLER BOARD MEMBER 3.00 1.00 X 0 0 0 JIM BINGHAM BOARD MEMBER (THRU 07/18) 3.00 X 0 0 0 SUSAN CARPENTER BOARD MEMBER (THRU 07/18) 3.00 1.00 X 0 0 0 LAUREL DASHER BOARD MEMBER (THRU 07/18) 3.00 X 0 0 0 CHRIS DOUGLAS BOARD MEMBER 3.00 X 0 0 0 KYLE FICKLER BOARD MEMBER 3.00 X 0 0 0 NICK GRAMELSPACHER BOARD MEMBER (THRU 07/18) 3.00 X 0 0 0 DAN KHAN BOARD MEMBER 3.00 X 0 0 0 JAMES LAWRENCE BOARD MEMBER 3.00 X 0 0 0 DONNIE EATHERLY BOARD MEMBER 3.00 X 0 0 0 BRIAN LOUNSBERRY BOARD MEMBER 3.00 X 0 0 0 JAMIE MEYER BOARD MEMBER 3.00 X 0 0 0 STEVE WHIPPLE BOARD MEMBER 3.00 X 0 0 0 BUNYAN L LES RUDD BOARD MEMBER 3.00 X 0 0 0 CHRISTOPHER J KERSTING PRESIDENT/CEO 40.00 2.00 X 927745 0 57999 GEORGE AFREMOW VP & CFO 40.00 2.00 X 340039 0 48030 PETER LEHMAN TREASURER 3.00 2.00 X 0 0 0 WILLIAM MILLER SENIOR VICE PRESIDENT 40.00 X 490575 0 28150 PETER MACGILLIVRAY VICE PRESIDENT COMMUNICATION 40.00 X 381576 0 22750 JOHN WARANIAK VICE PRESIDENT VEHICLE TECHNOLOGY 40.00 X 240420 0 41634 MIKE SPAGNOLA VP OEM RELATIONS 40.00 X 278195 0 54501 IRA GABRIEL VICE PRESIDENT, MARKETING & PR 40.00 X 245616 0 52507 NATHAN RIDNOUER VICE PRESIDENT, COUNCILS & MEMBERSHIP 40.00 X 234963 0 42857 3139129 0 348428 44 0 1 0 PETERSEN AUTOMOTIVE MUSEUM 6060 WILSHIRE BLVD LOS ANGELES CA 90036 DIGITIZATION SERVICE 500000 WEBSTER CHAMBERLAIN & BEAN LLP 1747 PENNSYLVANIA NW SUITE 1000 WASHINGTON DC 20006 LEGAL SERVICES 400009 PRODUCTION RESOURCE GROUP 6050 S VALLEY VIEW BLVD LAS VEGAS NV 89118 EVENT AV SERVICES 358438 PRO-TECT SECURITY 3511 S EASTERN AVE LAS VEGAS NV 89109 SHOW SECURITY 346954 BRENTWOOD COMMUNICATIONS INT'L 16135 ROSCOE BLVD NORTH HILLS CA 91343 TELEVISION & FILM STUDIO SERVICES 284769 33 CONVENTION & TRADE SHOW 441100 40497647 40497647 MEMBERSHIP DUES 900099 3130802 3130802 MEMBERSHIP PROGRAMS 900099 967566 967566 COUNCIL ACTIVITIES 900099 225141 225141 MEMBER RECEIPTS 900099 73080 73080 35652 35652 44929888 3027425 17119 3010306 29946035 27707363 1426 2238672 -1426 2237246 2237246 MISC REVENUE 900099 207157 4703 202454 CORPORATE INCOME 900099 4441 4441 211598 50406157 4432241 21822 45952094 1241251 1911257 11608704 808129 35141 834915 591569 70312 309041 677906 1432119 822275 1481204 533096 514482 554600 103356 1041548 1289787 TRADE SHOW & CONFERENCE 12659408 MAINTENANCE & SERVICE A 582134 LODGING 381184 MEALS & ENTERTAINMENT 304378 2104718 41892514 4163024 3170376 6314360 12965286 1731893 1930844 919760 1218971 15346347 7552757 8082053 7793590 98258320 99861049 15741150 19076074 1000 1000 7775993 7421310 142188 305262 143129741 153743762 4142027 4382761 25739558 26242835 29881585 30625596 X 113248156 123118166 113248156 123118166 143129741 153743762 X 8513643 1373486 -17119 X 0 1 X 1 0 0 0 SEMA CA POLITICAL ACTION COMMITTEE 1575 S VALLEY VISTA DR DIAMOND BAR CA 91765 952544340 320 SEMA FED POLITICAL ACTION COMMITTEE 1575 S VALLEY VISTA DR DIAMOND BAR CA 91765 952544340 72760 0 0 1 3130802 716802 131884 848686 925087 -76401 PART I-A, LINE 1: SPECIALTY EQUIPMENT MARKET ASSOCIATION FEDERAL POLITICAL ACTION COMMITTEE: THE DC OFFICE LOBBIES IN ALL 50 STATES, US CONGRESS AND WITH ADMINISTRATIVE REGULATORY AGENCIES. LOBBYING ACTIVITY INCLUDES WRITING LETTERS, ENGAGING GRASS-ROOTS PARTICIPATING COALITIONS, AND FACE-TO-FACE MEETINGS WITH LEGISLATORS AND REGULATORS. THE DC OFFICE MONITORS LEGISLATION AT BOTH FEDERAL AND STATE LEVELS. THE COMMITTEE MAY CONTRIBUTE TO CAMPAIGN FUNDS TO SUPPORT INDIVIDUAL CANDIDATES WHO ARE SUPPORTIVE OF THE SPECIALTY AUTOMOTIVE AFTERMARKET INDUSTRY. 1647035 1647035 4856212 2743265 2112947 1266686 477633 789053 2111929 1814867 297062 5464485 2516992 2947493 7793590 DIVERSIFIED PROPERTY FUNDS 4037661 F PRIVATE REAL ESTATE 2544917 F PRIVATE EQUITY 5612581 F HEDGE FUND 6880915 F 19076074 X PART X, LINE 2: THE ASSOCIATION HAD NO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2019 OR JUNE 30, 2018. NORTH AMERICA 0 0 PROGRAM SERVICES TRADE SHOW AND CONFERENCE PARTICIPATION 4928 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES TRADE SHOW AND CONFERENCE PARTICIPATION 194544 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES TRADE SHOW AND CONFERENCE PARTICIPATION 130747 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 7731551 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 1809276 0 0 0 0 0 0 9871046 0 9871046 1 0 1 1 1 1 0 AUTOMOTIVE AFTERMARKET CHARITABLE FOUNDATION PO BOX 864520 ORLANDO FL 328864520 236392256 501(C)(3) 33000 PROVIDES RESOURCES FOR INDIVIDUALS AND THEIR FAMILIES WHO HAVE WORKED IN THE AFTERMARKET AND HAVE COME ON DIFFICULT TIMES FINANCIALLY. OFF-ROAD BUSINESS ASSOCIATION 1701 WESTWIND DRIVE STE 108 BAKERSFIELD CA 93301 330957947 501(C)(6) 40000 ADVOCACY ASSOCIATION FORMED TO PROTECT AND PRESERVE ACCESS TO PUBLIC LANDS FOR OFF-ROAD RECREATION. HOT RODDERS OF TOMORROW FOUNDATION 207 NORTH SCOTT STREET JOLIET IL 60432 462553138 501(C)(3) 115000 CONTRIBUTION TO PROVIDE FINANCIAL SUPPORT FOR THE ENGINE CHALLENGE COMPETITIONS THAT PROMOTE YOUTH ENGAGEMENT THROUGHOUT THE YEAR AND HOST THE SERIES OF DUAL CHAMPIONSHIP EVENTS DURING THE SEMA SHOW IN LAS VEGAS, NEVADA AND THE PRI SHOW IN INDIANAPOLIS, INDIANA. SPECIALTY EQUIPMENT WARRANTY ALLIANCE 1575 S VALLEY VISTA DRIVE DIAMOND BAR CA 91765 205938240 501(C)(6) 1053251 CONTRIBUTION TO PROVIDE SUPOORT FOR SPECIALTY EQUIPMENT WARRANTY ALLIANCE 2 2 PART I, LINE 2: SEMA MADE GRANTS TO OTHER ORGANIZATIONS WHICH ARE WELL KNOWN FOR THEIR CONTRIBUTION TO THE INDUSTRY AND THEREFORE SEMA DOES NOT FORMALLY MONITOR THE USE OF GRANTS FUNDS. GRANTS ARE APPROVED ANNUALLY BY THE BOARD. X 1 1 X X X X X 0 1 0 CHRISTOPHER J KERSTING PRESIDENT/CEO 718500 0 175000 0 34245 0 23999 0 34000 0 985744 0 0 0 GEORGE AFREMOW VP & CFO 285298 0 46843 0 7898 0 22096 0 25934 0 388069 0 0 0 WILLIAM MILLER SENIOR VICE PRESIDENT 385160 0 79651 0 25764 0 22750 0 5400 0 518725 0 0 0 PETER MACGILLIVRAY VICE PRESIDENT COMMUNICATION 309634 0 64574 0 7368 0 22750 0 0 0 404326 0 0 0 JOHN WARANIAK VICE PRESIDENT VEHICLE TECHNOLOGY 200859 0 31638 0 7923 0 17884 0 23750 0 282054 0 0 0 MIKE SPAGNOLA VP OEM RELATIONS 231873 0 38151 0 8171 0 20501 0 34000 0 332696 0 0 0 IRA GABRIEL VICE PRESIDENT, MARKETING & PR 204571 0 33566 0 7479 0 15856 0 36651 0 298123 0 0 0 NATHAN RIDNOUER VICE PRESIDENT, COUNCILS & MEMBERSHI 196033 0 32040 0 6890 0 17452 0 25405 0 277820 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - WHEN ACCOMPANIED BY HIS SPOUSE THE PRESIDENT/CEO WILL BE REIMBURSED FOR REASONABLE AND NECESSARY BUSINESS EXPENSES INCURRED. PART I, LINE 4B CHRISTOPHER KERSTING PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F). CONTRIBUTION TO 457(F) PLAN IN THE CURRENT YEAR WAS $1,500. FORM 990, PART III, LINE 4A ANNUAL MARKET STUDY EACH YEAR SEMA'S RESEARCH TEAM SPENDS SIGNIFICANT TIME, EFFORT AND FINANCIAL RESOURCES TO PRODUCE AN ANNUAL MARKET REPORT THAT HELPS MEMBERS UNDERSTAND THE CURRENT STATE OF THE AUTOMOTIVE SPECIALTY EQUIPMENT MARKET. THE REPORT, WHICH IS FREE TO ALL MEMBER COMPANIES, PROVIDES AN OVERVIEW OF THE INDUSTRY'S SIZE, SALES WITHIN DEFINED MARKET NICHES AND PRODUCT SEGMENTS, INDUSTRY AND ECONOMIC TRENDS,VEHICLE SALES TRENDS AND CONSUMER PURCHASE PATTERNS. SEMA MARKET RESEARCH ALSO PROVIDES BUSINESSES WITH ACTIONABLE INSIGHTS THROUGH REGULAR AND ADHOC REPORTS ON DOCUMENTING CHANGES AFFECTING THE INDUSTRY, CONSUMER PURCHASE AND SHOPPING BEHAVIOR, AND SPECIFIC MARKET SECTION NEEDS. ADDITIONALLY, THE MAJORITY OF SEMA FUNCTIONS FEATURE SEMINARS AND PRESENTATIONS DESIGNED TO HELP OUR MEMBERS SELL MORE PRODUCT. SINCE ALMOST EVERY SIGNIFICANT MEMBER OF THE AUTOMOTIVE AFTERMARKET CONVERSE EACH FALL IN LAS VEGAS FOR THE SEMA SHOW, THE EDUCATION DAY PORTION OF THE SHOW WEEK IS DESIGNED TO HELP EDUCATE AND INSTRUCT ALL SEGMENTS OF THE AFTERMARKET ON SUCH TOPICS AS: INDUSTRY TECHNOLOGY AND TRENDS, EFFECTIVE BUSINESS STRATEGIES, ADVERTISING TECHNIQUES, PROFIT OPPORTUNITIES IN SELECT MARKET SEGMENTS, MANAGEMENT TECHNIQUES, AND ALL PRODUCT INSTALLATION SEMINARS ARE AVAILABLE MONDAY THROUGH FRIDAY DURING SHOW WEEK. SEMA'S WIDE RANGE OF VOLUNTEER OPPORTUNITIES COVER VITAL TOPICS THAT IMPACT THE WELLBEING OF THE INDUSTRY TODAY AND THE DIRECTION AND HEALTH FOR THE FUTURE. EVERY SEMA MEMBER IS ELIGIBLE FOR COUNCIL AND NETWORK MEMBERSHIP. IF YOU WERE TO SURVEY THE NATION'S TOP EXECUTIVES AND ASK THEM WHAT IS THE SINGLE MOST VALUABLE COMMODITY IN THE BUSINESS WORLD TODAY, NINE OUT OF THE TEN WOULD ANSWER "TIMELY, ACCURATE AND RELEVANT INFORMATION". SEMA PROVIDES ITS MEMBERS WITH EDUCATIONAL OPPORTUNITIES THROUGHOUT THE YEAR WITH SEMINARS, WEBINARS AND ONLINE LEARNING TOOLS. SEMA CURRENTLY DEDICATES MAJOR ASSOCIATION PUBLICATIONS, ANNUAL INDUSTRY FUNCTIONS, AND ACTIVE COMMITTEES TO ACHIEVE THIS IMPORTANT GOAL. SEMA NEWS THE NEWS TO STAY ON TOP IS ALL HERE ON THE PAGES OF OUR MONTHLY ASSOCIATION NEWSLETTER. IT CONCENTRATES ON BEST PRACTICES TO KEEP AHEAD AND IT'S FREE TO SEMA MEMBERS. INDUSTRY AND LEGISLATIVE ALERTS ARE SENT OUT WHENEVER NEEDED. THESE VALUABLE ALERTS KEEP MEMBERS APPRISED OF CRITICAL ISSUES, AS THEY ARE HAPPENING, TO GIVE DECISION MAKERS THE INFORMATION THEY NEED TO CREATE A QUICK AND EFFECTIVE RESPONSE. SEMA ALSO STRIVES TO ASSIST MEMBER COMPANIES IN PUBLISHING THEIR OWN NEWSWORTHY ITEMS EACH MONTH. MEMBERS SUBMIT NEWS REGARDING PERSONNEL CHANGES, NEW PRODUCT RELEASES, CHANGE OF ADDRESS, INNOVATIVE NEW PROGRAMS AND SERVICES, AND JUST ABOUT ANYTHING OUR MEMBERS DEEM IMPORTANT. THE INFORMATION THEN APPEARS IN THE APPROPRIATE SECTION OF THE ABOVE PUBLICATIONS. DURING SHOW TIME, MEMBERS ARE ENCOURAGED TO FORWARD PRESS RELEASES TO THE MEDIA CENTER, DRAMATICALLY IMPROVING THE CHANCES FOR PRESS COVERAGE. FORM 990, PART III, LINE 4A FOR OVER 50 YEARS, THE SPECIALTY EQUIPMENT MARKET ASSOCIATION HAS SERVED AS THE SOLE GUIDING FORCE BEHIND THE EXTRAORDINARY GROWTH AND SUCCESS OF THE SPECIALTY AUTOMOTIVE AFTERMARKET INDUSTRY - A UNIQUE INDUSTRY DEDICATED TO THE ENHANCED PERFORMANCE, APPEARANCE AND HANDLING OF THE 20TH CENTURY'S GREATEST INNOVATION OF THE AUTOMOBILE. DURING THOSE YEARS, SEMA HAS MATURED FROM AN UPSTART COALITION OF INNOVATIVE ENTREPRENEURS TO AN ESTABLISHED BUSINESS FORCE WHOSE IMPACT IS FELT BY EVERY SEGMENT OF THE MARKETPLACE, AS WELL AS THE LEGISLATIVE BODIES WHICH GOVERN IT. WHETHER IT HAS BEEN THROUGH PROVIDING OUR MEMBERS WITH AN UNRIVALED FORUM TO BUY, SELL AND MARKET PRODUCTS AND SERVICES WHICH HAVE DRIVEN THIS INDUSTRY (THE SEMA SHOW), LEGAL PROTECTION TO ENSURE THAT MEMBERS' DOORS REMAIN OPEN TO DO WHAT THEY DO BEST (BUSINESS), OR OUR VALUABLE MENU OF BENEFITS WHICH HELP MEMBERS IMPROVE THEIR DAY-TO-DAY BUSINESS AND MARKETING ACTIVITIES, SEMA HAS BEEN THERE SINCE THE BEGINNING AS THE ONLY ASSOCIATION DEDICATED EXCLUSIVELY TO SERVING COMPANIES IN THE SPECIALTY AUTOMOTIVE AFTERMARKET INDUSTRY. LITTLE MORE THAN A GENERATION AGO, SEMA'S FOUNDING MEMBERS CREATED A NEW INDUSTRY AND NEW OPPORTUNITIES FOR THEMSELVES BY PROVIDING ACCESS TO IMPROVED PERFORMANCE IN A CULTURE WHERE BIGGER WAS BETTER, AND FASTER WAS THE ONLY WAY TO GO, SEMA MEMBERS MADE THE PARTS THAT PUT MUSCLE AND POWER UNDER THE HOOD. BEFORE LONG, THESE INDUSTRY PIONEERS FOUND THEMSELVES IN NEED OF A UNIFIED VOICE TO PROTECT THEIR BUSINESS. IN 1963, SEMA WAS BORN TO ADDRESS THAT NEED. SINCE THAT TIME, THE KEY TO OUR INDUSTRY'S SPECTACULAR SUCCESS HAS BEEN ITS REMARKABLE ABILITY TO ADAPT TO CHANGE AND SHIFTING CONSUMER TASTES. OUR MANUFACTURING MEMBERS ARE JUST AS LIKELY TO INTRODUCE DRAMATIC RESTYLING ACCESSORIES AND HANDLING COMPONENTS AS THEY ARE "UNDERHOOD" PERFORMANCE PRODUCTS. SEMA'S DISTRIBUTOR AND RETAIL MEMBERS NOW CARRY EXTENSIVE LINES FOR MULTIPLE AUTOMOTIVE MANUFACTURERS, AND OUR SUCCESSORIENTED MANUFACTURERS ARE NOW INCREASINGLY PROVIDING NOT ONLY U.S. ENTHUSIASTS BUT MOTORISTS AROUND THE WORLD, FROM ABU DHABI TO ZURICH, WITH FIRSTRATE INNOVATIVE PRODUCTS THAT ALLOW GLOBAL GEARHEADS TO PERSONALIZE THEIR VEHICLES. AS FAR AS TECHNICAL ASSISTANCE, SEMA MAINTAINS AN EFFECTIVE PROGRAM OF TECHNICAL ASSISTANCE TO HELP THE INDUSTRY DEVELOP RESPONSIBLE PRODUCTS THAT CONFORM TO APPROVED REGULATORY GUIDELINES. IN ADDITION TO CUSTOMIZED EDUCATION SERVICES, SEMA HAS DEVELOPED A RESOURCE GUIDE DESIGNED TO HELP COMPANIES NAVIGATE THE INTRICATE ARENA OF EMISSIONS CERTIFICATION. THE SEMA SHOW IN LAS VEGAS IS THE MOST IMPORTANT EVENT OF THE YEAR FOR ANY BUSINESS INVOLVED IN THE AUTOMOTIVE AFTERMARKET INDUSTRY. THIS WORLD-RENOWNED EXPOSITION TYPICALLY ATTRACTS AROUND 2,400 EXHIBITING COMPANIES, 70,000 QUALIFIED BUYERS, AND 160,000 TOTAL ATTENDEES. THE FOLLOWING SEMA EXCLUSIVE SERVICES ARE AVAILABLE TO MEMBERS. -MEMBERSHIP INDEX: PUBLISHED ANNUALLY, THE SEMA MEMBERSHIP INDEX HAS BECOME THE "WHO'S WHO" OF THE INDUSTRY. THERE ARE MORE THAN 6,500 MEMBER COMPANIES LISTED. -EXPORTING ASSISTANCE: SEMA HAS DEVELOPED A NUMBER OF RESOURCES AND PROGRAMS TO ASSIST MEMBERS IN GROWING THEIR OVERSEAS SALES. THESE EFFORTS INCLUDE PROVIDING MEMBERS WITH NETWORKING OPPORTUNITIES WITH KEY BUYERS THROUGH SPONSORING OVERSEAS TRADE MISSIONS TO MATCH U.S. COMPANIES WITH OVERSEAS BUYERS AND AT EVENTS IN THE U.S., WITH THE LARGEST BEING THE SEMA SHOW. -THE ASSOCIATION ALSO PROVIDES, RELEVANT MARKET DATA, ACCESS TO VEHICLES SALES DATA, INFORMATION ABOUT OVERSEAS LEGISLATIVE AND REGULATORY DEVELOPMENTS AFFECTING THE U.S. OVERSEAS SALES, AS WELL AS, MEASURING SESSIONS PROVIDING HANDSON OPPORTUNITIES TO MEASURE HARD-TO-OBTAIN VEHICLES ONLY SOLD ABROAD IN ORDER TO CREATE EXPORT-READY PRODUCT. -MANUFACTURERS' REPRESENTATIVE DIRECTORY SERVICE: SEMA PUBLISHES, AS PART OF THE SHOW DIRECTORY, AN ANNUAL MANUFACTURERS' REP DIRECTORY THAT IS DISTRIBUTED TO ATTENDEES AND EXHIBITORS AT THE SEMA SHOW. IT HAS BECOME A MAJOR RESOURCE FOR COMPANIES DEVELOPING OR REVISING THEIR REP PROGRAMS. SEMA ALSO OFFERS A MANUFACTURERS' REP MATCHING SERVICE FOR MANUFACTURERS INTERESTED IN OBTAINING REP SERVICES. -OEM (ORIGINAL EQUIPMENT MANUFACTURER) RELATIONS: SEMA HAS LAUNCHED AN AMBITIOUS CAMPAIGN TO IMPROVE COMMUNICATIONS BETWEEN AFTERMARKET COMPANIES AND ORIGINAL EQUIPMENT MANUFACTURERS. MANY OEMS PARTICIPATE IN THE ANNUAL SEMA SHOW AND WORK WITH THE AFTERMARKET IN DEVELOPMENT OF SHOW VEHICLES. THE TECHNOLOGY TRANSFER EXCHANGE PROGRAM ALLOWS SEMA MEMBER COMPANIES ACCESS TO TECHNICAL INFORMATION AND DRAWINGS RELATIVE TO VARIOUS CARS, TRUCKS AND SPORT UTILITY VEHICLES. THIS INFORMATION IS CURRENTLY BEING PROVIDED BY FORD, GM, AND FCA. SEMA STRIVES TO PROVIDE ITS MEMBERS WITH TOOLS THEY WILL NEED TO REMAIN COMPETITIVE AND EXCEL IN TODAY'S MARKETPLACE. -MEASURING SESSIONS PROVIDE HANDSON ACCESS TO NEW VEHICLES AND TO SPEAK DIRECTLY TO THE LEADING OEM'S ENGINEERS AND TECHNICAL STAFF. OPEN ONLY TO SEMA MANUFACTURER MEMBERS, THIS PROGRAM GIVES MEMBERS THE OPPORTUNITY TO GET DETAILED INFORMATION ON CURRENT VEHICLES PRIOR TO LAUNCH. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERSHIP OF SEMA CONSISTS OF ENTITIES ENGAGED IN THE MANUFACTURE AND/ OR SALE OF SPECIALTY EQUIPMENT, OR VEHICLES CONSISTING OF SPECIALTY EQUIPMENT, AS WELL AS PERSONS RENDERING ESSENTIAL SERVICES TO OR FOR THE PERFORMANCE AND SPECIALTY PARTS INDUSTRY. INDIVIDUAL REPRESENTATIVE OF THE MEMBER COMPANIES CAN BE NOMINATED TO THE BOARD OF DIRECTORS. NO INDIVIDUAL MEMBER COMPANY HAS A RIGHT TO RECEIVE DISTRIBUTIONS OF INCOME FROM THE ASSOCIATION, OR ASSETS OF THE ORGANIZATION. SHOULD THE ORGANIZATION DISSOLVE, THEN ANY REMAINING ASSETS WOULD GO TO ANOTHER 501(C)(6) CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A EXCEPT FOR SUPPORTING MEMBERS AND HONORARY MEMBERS, ALL MEMBERS ARE ELIGIBLE TO VOTE AT ANNUAL AND SPECIAL MEETINGS OF THE MEMBERS AND IN THE ANNUAL ELECTION OF DIRECTORS IF THEIR DUES ARE CURRENT. FORM 990, PART VI, SECTION A, LINE 7B ACTIVE MEMBERS VOTE TO ELECT DIRECTORS ON THE SEMA BOARD OF DIRECTORS AND THE CHAIR-ELECT. REMOVAL OF THE CHAIRMAN OF THE BOARD OR CHAIR-ELECT REQUIRES A VOTE OF TWO-THIRDS OF THE ACTIVE MEMBERS AT A MEETING CALLED FOR THE PURPOSE OF VOTING ON THE REMOVAL OF THAT RESPECTIVE OFFICER. A VOTE OF THE MAJORITY OF ACTIVE MEMBERS PRESENT AND VOTING IN PERSON OR BY PROXY AND ENTITLED TO VOTE AT ANY MEETING SHALL BE NECESSARY FOR THE ADOPTION OF ANY MATTER VOTED UPON BY THE MEMBERS. THE BOARD OF DIRECTORS MAY OFFER ANY PROPOSALS TO MEMBERS FOR CONSIDERATION AND VOTING BY MAIL, FAX, EMAIL, PERSONAL DELIVERY AND WRITTEN COMMUNICATION WHEN IT APPEARS INADVISABLE OR IMPRACTICAL TO CALL A SPECIAL MEETING FOR SUCH PURPOSE. THE QUESTION THUS STATED AND SUBMITTED BY THE BOARD SHALL BE DETERMINED ACCORDING TO A MAJORITY OF THE VOTES RECEIVED FROM THE ACTIVE MEMBERS BY MAIL WITHIN ONE HUNDRED AND TWENTY (120) DAYS AFTER THE MAILING THEREOF TO THE MEMBERS, PROVIDED THAT IN EACH CASE THE VOTES OF AT LEAST ONE-THIRD OF THE ACTIVE MEMBERS SHALL BE RECEIVED. ANY AND ALL ACTION TAKEN IN PURSUANCE OF ANY SUCH MAIL VOTE SHALL BE BINDING UPON THE ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN ACCOUNTING FIRM. MANAGEMENT REVIEWS THE RETURN AND THE PRESIDENT/CEO SIGNS THE FORM 990. THE SEMA BOARD OF DIRECTORS HAS AUTHORIZED THE AUDIT REVIEW COMMITTEE IN CONJUNCTION WITH MANAGEMENT TO REVIEW AND APPROVE THE FORM 990. BEFORE FILING WITH THE IRS, THE RETURN IS REVIEWED IN DETAIL WITH THE AUDIT REVIEW COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO CONFIRM RECEIPT AND REVIEW OF SEMA'S CONFLICT OF INTEREST POLICY UPON COMMENCEMENT AND ANY POLICY UPDATES. THE DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUESTED TO REPORT ANY NEW POTENTIAL CONFLICTS AT THE QUARTERLY BOARD OF DIRECTORS MEETINGS. IN THE EVENT A MEMBER OR KEY STAFF BELIEVES THAT THERE IS A POTENTIAL CONFLICT OF INTEREST, OR THE APPEARANCE OF A CONFLICT OF INTEREST, HE/SHE SHALL BRING THE RELEVANT FACTS TO THE ATTENTION OF THE APPROPRIATE BOARD OF DIRECTORS. UPON NOTICE OF SUCH CIRCUMSTANCES, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT OF INTEREST IS IN EVIDENCE AND IF THERE IS SUCH A CONFLICT OF INTEREST, HOW IT IS TO BE ADDRESSED. IT IS UNDERSTOOD THAT CERTAIN INSTANCES OF CONFLICT OF INTEREST MAY BE RESOLVED BY DISCLOSURE AND OTHERS REQUIRE RECUSAL. IN THE EVENT IT IS LATER DETERMINED THAT A BOARD MEMBER HAD A CONFLICT OF INTEREST, SUCH CONFLICT SHALL NOT AFFECT THE VALIDITY OF ANY VOTE OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE PRESIDENT/CEO IS DETERMINED BY THE SPECIALTY EQUIPMENT MARKET ASSOCIATION COMPENSATION COMMITTEE. THE REVIEW IS BASED ON DATA OBTAINED THROUGH OUTSIDE RESEARCH RESPONSE TO REQUESTS. THE FIRM THAT WAS HIRED TO PERFORM THIS SERVICE WAS QUATT & ASSOCIATES. THE POSITIONS INCLUDED IN THE COMPARISON WERE THE PRESIDENT & CEO, AND FOUR OF THE VICE PRESIDENTS. THE COMPENSATION REVIEW COMMITTEE, A SEMA STANDING COMMITTEE, MEETS PERIODICALLY AS NEEDED TO UNDERTAKE COMPENSATION REVIEW. THEY USE OUTSIDE BENCHMARKING EXPERTISE IN FORMULATING COMPENSATION CHANGES. THE COMMITTEE REVIEWS THE BENCHMARKING REPORT TO MAKE CHANGES ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE MADE AVAILABLE WITHIN THIRTY (30) DAYS OF A WRITTEN REQUEST. FORM 990, PART XI, LINE 9: UNRELATED BUSINESS INCOME FROM PARTNERSHIPS -17,119. SEMA MEMORIAL SCHOLARSHIP FUND 1575 SOUTH VALLEY VISTA DRIVE DIAMOND BAR CA 91765 954131888 SCHOLARSHIPS DC 501(C)(3) LINE 7 SEMA 1 SPECIALTY EQUIPMENT WARRANTY ALLIANCE 1575 SOUTH VALLEY VISTA DRIVE DIAMOND BAR CA 91765 205938240 TRADE ASSOCIATION CA 501(C)(6) SEMA 1 PERFORMANCE AFTERMARKET PUBLICATION INC P O BOX 4910 DIAMOND BAR CA 917650910 954198456 PUBLISHING CA SEMA C 3742308 556670 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 SPECIALTY EQUIPMENT WARRANTY ALLIANCE B 1053251 FMV PERFORMANCE AFTERMARKET PUBLICATION INC B 197119 FMV