2018-10-08T09:09:15-05:00 2017-12-31 420714325 RSM US LLP 1861 INTERNATIONAL DRIVE SUITE 400 MCLEAN VA 22102 990 2017-01-01 131142150 PACKAGING MACHINERY MANUFACTURERS INSTITUTE PACK 5716123200 11911 FREEDOM DRIVE NO 600 RESTON VA 20190 JIM PITTAS PRESIDENT AND CEO 5716123200 2018-10-08 1 YONG ZHANG CPA P01249785 7033366400 2017 2022-09-23 18:48:47Z PMMI JIM PITTAS 11911 FREEDOM DRIVE NO 600 RESTON VA 20190 58756146 0 X WWW.PMMI.ORG X 1933 DE PMMI IMPROVES AND PROMOTES MEMBERS' ABILITIES TO SUCCEED IN A GLOBAL MARKETPLACE. 18 18 138 100 16792289 0 0 0 65482629 56432865 584376 683865 2899915 1639416 68966920 58756146 68012 296146 0 0 16956549 18957504 0 0 0 47311309 40819192 64335870 60072842 4631050 -1316696 63485020 53922902 34239718 23802886 29245302 30120016 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. 1,998 EXHIBITORS AND 29,369 ATTENDEES AT THE 2017 LAS VEGAS SHOW. EXHIBITOR SERVICES & SHOW MANAGEMENT: PROVIDES EXHIBITOR CONTRACTOR SERVICES AT PACK EXPO INTERNATIONAL AND PACK EXPO LAS VEGAS, WHICH ARE HELD IN ALTERNATING YEARS IN CHICAGO, ILLINOIS AND LAS VEGAS, NEVADA, RESPECTIVELY. 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. PUBLICATIONS ISSUED: 40. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 150 0 1 138 1 1 1 1 MX 0 0 1 1 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X CRAIG SILVERIO 5716123200 11911 FREEDOM DR NO 600 RESTON VA 20190 PAUL IRVINE CHAIRMAN 2.00 2.00 X X 0 0 0 MARK ANDERSON VICE CHAIRMAN 2.00 2.00 X X 0 0 0 WILLIAM L CRIST IMMED PAST CHAIRMAN 2.00 X X 0 0 0 PATTY ANDERSEN BOARD MEMBER 2.00 X 0 0 0 EMMANUEL CERF BOARD MEMBER 2.00 2.00 X 0 0 0 SHARRON GILBERT BOARD MEMBER 2.00 X 0 0 0 WAYNE GOLDBERG BOARD MEMBER 2.00 X 0 0 0 DANA GREENLY BOARD MEMBER 2.00 X 0 0 0 ED HOWE BOARD MEMBER 2.00 X 0 0 0 DAVE NAVIN BOARD MEMBER 2.00 X 0 0 0 VIGGO NIELSEN BOARD MEMBER 2.00 X 0 0 0 MIKE ODOM BOARD MEMBER 2.00 X 0 0 0 MARTIN PRAKKEN BOARD MEMBER 2.00 X 0 0 0 OLE RYGH BOARD MEMBER 2.00 X 0 0 0 ALAN SHUHAIBAR BOARD MEMBER 2.00 X 0 0 0 GARY TANTIMONICO BOARD MEMBER 2.00 X 0 0 0 JONATHON TITTERTON BOARD MEMBER 2.00 X 0 0 0 NANCY WILSON BOARD MEMBER 2.00 X 0 0 0 CHARLES YUSKA PRESIDENT 38.00 2.00 X 1167231 61433 68716 CRAIG SILVERIO VP, FINANCE 38.00 2.00 X 322072 16951 67904 JAMES PITTAS CHIEF OPERATING OFFICER 40.00 X 500459 0 74304 JOSEPH ANGEL PRESIDENT/PUBLISHER 40.00 X 415427 0 67590 MARY KATHRYN BERGMANN SR. VP, ADMINISTRATION 40.00 X 479300 0 54305 DAVID NEWCORN VP, DIGITAL MEDIA 40.00 X 315356 0 74594 JAMES CHRZAN VP, CONTENT & BRAND STRATEGY 40.00 X 351766 0 72186 WENDY SAWTELL REGIONAL SALES MANAGER 40.00 X 524546 0 73239 THOMAS EGAN VP, INDUSTRY SERVICES 40.00 X 316500 0 65912 GLEN LONG SENIOR VP, INDUSTRY SERVICE 40.00 X 357289 0 54103 4749946 78384 672853 46 0 1 0 FREEMAN PO BOX 650036 DALLAS TX 75265 TRADE SHOW GEN CONTRACTOR 9867946 THE EXPO GROUP LLP 5931 W CAMPUS CIRCLE DR IRVING TX 75063 3RD PARTY BILLING SERVICES 4943595 FIXATION MARKETING 4340 EAST-WEST HIGHWAY SUITE 200 BETHESDA MD 20814 OUTSOURCED ADVERTISING/MARKETING 2551167 EMPLOYCO GROUP INC 350 WEST OGDEN AVENUE WESTMONT IL 60559 PROFESSIONAL EMPLOYER ORG 2297018 CORRECT CONSTRUCTION INC 336 W 806N VALPARAISO IN 46385 PLUMBING & ELECTRICAL SERVICES 1751287 39 EXHIBITS & MEETINGS 900099 37131572 36272113 859459 PUBLICATIONS & MEDIA 541800 16425701 16058487 367214 MEMBERSHIP DUES 900099 1351008 1351008 PACKEXPO.COM 900099 733802 733802 PROFOOD TECH EXPO 900099 514100 514100 276682 255382 21300 56432865 683865 683865 EARNINGS FROM SUBS 900099 1159566 1159566 EXPO PACK COMMISSIONS 900099 432302 432302 OTHER INCOME 900099 47548 47548 1639416 58756146 39984471 16792289 1979386 X 296146 3210477 11207698 2491654 1003336 1044339 91466 126119 108843 20121369 2921358 1084689 977859 1125701 1800755 4571430 1599493 PRINTING & PUBLICATIONS 1997204 COMMISSIONS 1907488 EQUIPMENT MAINTENANCE 564441 TEMP HELP 318031 1502946 60072842 11346524 5263796 3028449 2121695 7634 7390 768755 1355802 4409448 2066929 1643954 2342519 25992895 29384483 1948667 520774 18748142 12926443 63485020 53922902 18235133 10753436 9729026 10162251 6275559 2887199 34239718 23802886 X 29245302 30120016 29245302 30120016 63485020 53922902 X -1316696 2828298 -636888 X X 0 1 X 1 0 0 1 0 1864242 614346 1249896 2545206 1452583 1092623 2342519 INTANGIBLE ASSET - UNAMORTIZABLE GOODWILL 11367359 DEFERRED COSTS 640547 DEFERRED COMPENSATION INVESTMENTS 918537 12926443 DEFERRED COMPENSATION 918537 DEFERRED RENT 1961151 DUE TO RELATED ENTITIES 7511 2887199 X 63727530 2828298 2251929 5080227 58647303 108843 108843 58756146 62844994 2880995 2880995 59963999 108843 108843 60072842 PART X, LINE 2: THE INSTITUTE IS EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. HOWEVER, THE INSTITUTE IS SUBJECT TO INCOME TAX ON ITS UNRELATED BUSINESS ACTIVITIES, SUCH AS PRINT AND ONLINE ADVERTISING AND, AS A RESULT OF DIRECT AND INDIRECT ADVERTISING COSTS. THE INSTITUTE HAS NO TAXABLE INCOME RESULTING FROM ITS ADVERTISING REVENUE. THE INSTITUTE IS ALSO SUBJECT TO A 5% WITHHOLDING TAX ON DIVIDEND DISTRIBUTIONS RECEIVED FROM EXPO PACK. THE INSTITUTE HAS GENERATED NET OPERATING LOSS CARRY-FORWARDS FROM ACTIVITIES OF PRIOR YEARS, WHICH WERE UNRELATED TO THE INSTITUTE'S EXEMPT PURPOSE AND SUBJECT TO INCOME TAX. THE NET OPERATING LOSS CARRY-FORWARDS, WHICH MAY BE APPLIED AGAINST FUTURE YEARS' TAXABLE INCOME, TOTALED APPROXIMATELY $9,382,000 AT JANUARY 1, 2017. THE NET OPERATING LOSS CARRY-FORWARDS WILL EXPIRE AT VARIOUS DATES THROUGH 2033. HOWEVER, A 100% VALUATION ALLOWANCE AGAINST THE DEFERRED TAX ASSET HAS BEEN RECOGNIZED DUE TO THE UNCERTAINTY OF REALIZING A BENEFIT FROM THE NET OPERATING LOSS CARRY-FORWARDS. THEREFORE, THE DEFERRED TAX ASSET, NET OF VALUATION ALLOWANCE, TOTALED $0 AT DECEMBER 31, 2017 AND 2016. MANAGEMENT EVALUATED THE INSTITUTE'S TAX POSITIONS AND CONCLUDED THAT THE INSTITUTE HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: REALIZED GAIN ON FOREIGN CURRENCY EXCHANGE 112,465. EXPOPACK REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 3,596,094. EPASE REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 353,217. PMMI FOUNDATION REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 204,891. CONSOLIDATED AUDIT INTERCOMPANY ELIMINATIONS -2,014,738. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPOPACK EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 3,195,393. EPASE EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 340,768. PMMI FOUNDATION EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 197,069. CONSOLIDATED AUDIT INTERCOMPANY ELIMINATIONS -852,235. NORTH AMERICA 0 0 INVESTMENTS IN REGION 520775 0 0 0 0 0 0 520775 0 520775 0 0 1 0 0 0 PART I, LINE 3: THE ORGANIZATION USES GAAP TO REPORT EXPENDITURES IN FOREIGN REGIONS. 1 PMMI EDUCATION AND TRAINING FOUNDATION 11911 FREEDOM DR STE 600 RESTON VA 20190 541820667 501(C)(3) 69677 OPERATIONS AMERICAN RED CROSS NATIONAL HEADQUARTERS 431 18TH STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 226469 MATCHING GRANT FOR PROGRAM SERVICES 2 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. A MATCHING GRANT WAS ALSO PROVIDED TO THE AMERICAN RED CROSS NATIONAL HEADQUARTERS DURING THE YEAR. THE ORGANIZATION MAINTAINED RECORDS TO SUBSTANTIATE THE AMOUNT OF THE GRANT, AND THE SELECTION CRITERIA USED TO AWARD THE GRANT. X X X 0 1 X X 1 0 0 CHARLES YUSKA PRESIDENT 768713 40459 113686 5983 284832 14991 42210 2222 23070 1214 1232511 64869 0 0 CRAIG SILVERIO VP, FINANCE 288772 15198 29908 1574 3392 179 41363 2177 23146 1218 386581 20346 0 0 JAMES PITTAS CHIEF OPERATING OFFICER 451446 0 44350 0 4663 0 44415 0 29889 0 574763 0 0 0 JOSEPH ANGEL PRESIDENT/PUBLISHER 364904 0 35700 0 14823 0 44410 0 23180 0 483017 0 0 0 MARY KATHRYN BERGMANN SR. VP, ADMINISTRATION 147790 0 15000 0 316510 0 44415 0 9890 0 533605 0 0 0 DAVID NEWCORN VP, DIGITAL MEDIA 284696 0 28050 0 2610 0 44410 0 30184 0 389950 0 0 0 JAMES CHRZAN VP, CONTENT & BRAND STRATEGY 310545 0 30450 0 10771 0 44290 0 27896 0 423952 0 0 0 WENDY SAWTELL REGIONAL SALES MANAGER 69662 0 445214 0 9670 0 43227 0 30012 0 597785 0 0 0 THOMAS EGAN VP, INDUSTRY SERVICES 283638 0 27712 0 5150 0 44410 0 21502 0 382412 0 0 0 GLEN LONG SENIOR VP, INDUSTRY SERVICE 322129 0 32135 0 3025 0 42326 0 11777 0 411392 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: -CHARLES YUSKA: $2,137 -JAMES PITTAS: $1,501 -JOSEPH ANGEL: $1,364 PMMI PAID FOR A SOCIAL CLUB MEMBERSHIP FOR ITS PRESIDENT AND CEO OF $851 DURING 2017. IN ADDITION, A TAX GROSS-UP OF $243,822 WAS PAID TO THE CEO DURING 2017. ALL AMOUNTS ARE PROPERLY REPORTED ON FORM W-2 AND IN FORM 990, PART VII AND ON FORM 990, SCHEDULE J, PART II. 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 4A MARY KATHRYN BERGMANN RECEIVED A SEVERANCE PAYMENT FROM THE ORGANIZATION. THE SEVERANCE WAS BASED ON LENGTH OF SERVICE AND RESPONSIBILITIES. ADDITIONAL TERMS AND CONDITIONS OF THE CONFIDENTIAL SEVERANCE AGREEMENT WILL BE PROVIDED TO THE IRS UPON REQUEST. AMOUNTS PAID DURING THE CURRENT PERIOD ARE PROPERLY REFLECTED ON THE EMPLOYEES W-2 AND DISCLOSED IN COLUMN B(III) ON SCHEDULE J, PART II. 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 6 THE MEMBERSHIP OF PMMI IS DIVIDED INTO EIGHT (8) CLASSES: CHARTER, GENERAL (VOTING), HONORARY, SUPPLIER, MATERIALS, PROCESSING, ASSOCIATE, AND AFFILIATED SUPPLIER. 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 TEH MANUFACTURING OF PACKAGING MACHINERY, OR PACKAGING-RELATED CONVERTING EQUIPMENT, OR PROCESSING MACHINERY 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, OR PROCESSING MACHINERY AS DEFINED IN THE BYLAWS, MAY APPLY FOR MEMBERSHIP IN THE INSTITUTE AS A SUPPLIER MEMBER. MATERIALS MEMBERS: ANY LEGAL, FIRM OR CORPORATION OR SUBSIDIARY OR DIVISION THEREOF THAT IS ENGAGED IN THE MANUFACTURING OF COMMERICALLY AVAILABLE PACKAGING MATERIALS AND CONTAINERS AND THAT IS NOT ENGAGED IN THE MANUFACTURING OF PACKAGING MACHINERY, OR PACKAGING-RELATED CONVERTING EQUIPMENT, OR PROCESSING MACHINERY AS DEFINED IN PMMI'S BYLAWS, MAY APPLY FOR MEMBERSHIP IN THE INSTITUTE AS A MATERIALS MEMBER. PROCESSING MEMBER: 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. ASSOCIATE MEMBER: ANY LEGAL ENTITY, FIRM OR CORPORATION OR SUBSIDIARY OR DIVISION THEREOF ENGAGED IN THE MANUFACTURING OF PACKAGING MACHINERY OR PACKAGING-RELATED CONVERTING EQUIPMENT OR PROCESSING MACHINERY AND THAT HAS A PRESENCE, AS DETERMINED BY THE BOARD OF DIRECTORS, IN THE UNITED STATES, CANADA, OR MEXICO, BUT DOES NOT MEET THE REQUIREMENTS OF GENERAL MEMBERSHIP, MAY APPLY FOR MEMBERSHIP IN THE INSTITUTE AS AN ASSOCIATE MEMBER. AFFILIATED SUPPLIER MEMBER: ANY LEGAL ENTITY, FIRM OR CORPORATION OR SUBSIDIARY OR DIVISION THEREOF THAT IS ENGAGED IN THE PROVISION OF SERVICES TO THE PACKAGING OR PROCESSING INDUSTRIES, BUT IS NOT ENGAGED IN THE MANUFACTURING OF PACKAGING OR PROCESSING MACHINERY COMPONENTS, PACKAGING MATERIALS OR CONTAINERS, OR PACKAGING MACHINERY OR PACKAGING-RELATED CONVERTING EQUIPMENT OR PROCESSING MACHINERY AS DEFINED IN SECTIONS 3(A) AND 3(B) OF THIS ARTICLE, MAY APPLY FOR MEMBERSHIP IN THE INSTITUTE AS AN AFFILIATED SUPPLIER MEMBER. 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 REPRESENTAT IVE 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 11B 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 15 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. FORM 990, PART VI, SECTION C, LINE 19 PMMI DOES NOT GENERALLY MAKE THESE DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G CONSULTING FEES 1,302,499. OTHER PROFESSIONAL FEES 18,818,870. FORM 990, PART XI, LINE 9: REALIZED GAIN ON FOREIGN CURRENCY EXCHANGE 112,465. EQUITY IN EARNINGS OF SUBSIDIARY -749,353. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. PACK EXPO SERVICES LLC 11911 FREEDOM DR STE 600 RESTON VA 20190 770603356 EXHIBITOR CONTRACTOR SERVICES VA 16137525 6367878 PMMI PMMI EDUCATION AND TRAINING FOUNDATION 11911 FREEDOM DR STE 600 RESTON VA 20190 541820667 PERFORMS THE CHARITABLE, EDUCATIONAL, & SCIENTIFIC FUNCTIONS OF PMMI VA 501(C)(3) LINE 12B, II PMMI 1 EXPO PACK MEXICO SA DE CV HOMERO NO 418 PISO 7 COL CHAPULTEPEC MORALES MX D F 11570 TRADE SHOW MX PMMI C 3596094 4614075 1.00000 1 EP ADMINISTRACION Y SERVICIOS PARA EXPOSICIONES SA DE CV HOMERO NO 418 PISO 3 COL CHAPULTEPEC MORALES MX D F 11570 ORGANIZATIONAL AND PERSONNEL SERVICES FOR EXPOPAK DE MEXICO MX PMMI C 353217 137659 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 PMMI EDUCATION AND TRAINING FOUNDATION B 69677 CASH EXPO PACK MEXICO SA DE CV S 1950571 CASH EXPO PACK MEXICO SA DE CV R 1389610 CASH EXPO PACK MEXICO SA DE CV S 457528 SALES COMMISSION