2013-11-14T12:42:45-06:00 2012-12-31 381357951 PLANTE & MORAN PLLC 2601 CAMBRIDGE CT SUITE 500 AUBURN HILLS MI 48326 990 2012-01-01 830430487 ORMET CORPORATION HOURLY RETIREE BENEFIT TRUST ORME 7404832641 STATE ROUTE 7 BOX 176 HANNIBAL OH 43931 TOM R NOTARO 7404832641 2013-11-13 1 LYNNE M HUISMANN P00053811 2483757100 2012 2016-02-25 16:41:14Z TOM R NOTARO STATE ROUTE 7 BOX 176 HANNIBAL OH 43931 45249294 0 X N/A X 2005 OH PAYMENT OF CERTAIN WELFARE BENEFITS PURSUANT TO A VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION. 1 1 0 0 0 0 0 0 15977430 8261016 977120 2611692 0 0 16954550 10872708 0 0 7992759 5657560 0 0 0 0 0 176181 215332 8168940 5872892 8785610 4999816 40548995 47019810 0 0 40548995 47019810 THE PRIMARY EXEMPT PURPOSE FOR THIS VOLUNTARY EMPLOYEES' BENFICIARY ASSOCIATION (VEBA) DURING THE YEAR WAS THE PAYMENT OF SICK, ACCIDENT, OR OTHER BENEFITS TO THE PARTICIPANTS, THEIR DEPENDENTS, OR DESIGNATED BENEFICIARIES. 0 0 VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION WHICH PROVIDES HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 2,208 PARTICIPANTS. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 1 1 0 0 0 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 X TOM R NOTARO 7404832641 STATE ROUTE 7 PO BOX 176 HANNIBAL OH 43931 PNC BANK NA 1.00 X 0 169667 0 0 169667 0 0 0 0 0 0 EMPLOYER CONTRIBUTIONS 900099 5792854 5792854 EMPLOYEE CONTRIBUTIONS 900099 2468162 2468162 8261016 1363895 1363895 35624383 34376586 1247797 1247797 1247797 10872708 8261016 0 2611692 5657560 169667 14025 24916 6645 TRUSTEE MEETING EXPENSE 79 5872892 301647 1097391 40247348 45922419 40548995 47019810 0 0 X 40548995 47019810 0 0 0 0 40548995 47019810 40548995 47019810 4999816 1470999 0 X X 0 1 X 0 0 0 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE PLAN'S ASSETS IS INTENDED TO QUALIFY PURSUANT TO SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (THE "CODE") AND, ACCORDINGLY, THE PLAN'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE PLAN HAS OBTAINED A FAVORABLE TAX EXEMPTION LETTER DATED OCTOBER 31, 2006 FROM THE INTERNAL REVENUE SERVICE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. IN ACCORDANCE WITH GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT EVALUATED THE PLAN'S TAX POSITIONS AND DOES NOT BELIEVE THE PLAN HAS ANY UNCERTAIN TAX POSITIONS THAT REQUIRE DISCLOSURE OR ADJUSTMENT TO THE FINANCIAL STATEMENTS. THE PLAN ADMINISTRATOR BELIEVES THE PLAN IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS PRIOR TO 2009. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS A VEBA COMMITTEE THAT CAN ELECT OR APPOINT MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE VEBA COMMITTEE HAS THE POWER TO APPROVE CERTAIN DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 TOM R. NOTARO, A COMMITTEE MEMBER, REVIEWED THE FORM 990 BEFORE IT WAS FILED. FORM 990, PART VI, SECTION C, LINE 19 NONE OF THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC. AUDITED FINANCIAL STATEMENTS: FORM 990, PART IV, LINE 12: ORMET CORPORATION HOURLY RETIREE BENEFIT TRUST RECEIVES AN AUDIT AS PART OF THE ORMET CORPORATION HOURLY RETIREE GROUP BENEFIT PLAN AND THE PLAN PREPARES ITS FINANCIAL STATEMENTS ON THE CASH BASIS OF ACCOUNTING. POLICIES: FORM 990, PART IV, SECTION B: THE VEBA IS GOVERNED BY A TRUST DOCUMENT. THE PROVISIONS OF THE TRUST CONTROL ITS OPERATIONS AND NONE OF THESE POLICIES ARE DEEMED NECESSARY. FORM 990, PART VIII AND PART IX: OPT-OUT CONTRIBUTIONS OF $746,998 ARE INCLUDED IN EMPLOYER CONTRIBUTIONS AND AND OPT-OUT BENEFITS OF $746,998 ARE INCLUDED IN BENEFITS PAID TO OR FOR MEMBERS. THESE AMOUNTS ARE PAID OUTSIDE OF THE TRUST AND THEREFORE ARE NOT INCLUDED ON THE RETURN. ORMET CORPORATION PO BOX 176 HANNIBAL OH 43931 311292006 MANUFACTURING DE N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ORMET CORPORATION C 5792854 CASH RECEIVED