2026-09-17T14:51:10-05:00 2025-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2025-01-01 561596147 MATERIAL HANDLING INDUSTRY MATE 7046761190 8720 RED OAK BLVD 201 CHARLOTTE NC 28217 GRAY MURRAY VP FINANCE 7047148727 2026-09-11 1 BREE-ANN WEIDNER P01319397 7043771678 2025 MHI JOHN PAXTON 8720 RED OAK BLVD 201 CHARLOTTE NC 28217 69222158 0 X WWW.MHI.ORG X 1945 PA TO DELIVER MEMBER VALUE EVERY DAY. VISION - TO BE THE AUTHORATIVE RESOURCE FOR MATERIAL HANDLING INDUSTRY 13 12 64 13 1294121 204217 0 0 30910305 36140061 784478 1194096 1159599 893052 32854382 38227209 610452 396680 0 0 8650145 9555422 0 0 0 16135458 20147205 25396055 30099307 7458327 8127902 85651042 100664602 32237224 31323440 53413818 69341162 TO DELIVER MEMBER VALUE EVERY DAY. VISION - TO BE THE AUTHORATIVE RESOURCE FOR MATERIAL HANDLING INDUSTRY 0 0 PROMAT 2025 BROUGHT THE MANUFACTURING AND SUPPLY CHAIN INDUSTRY TOGETHER ON MARCH 17-20 AT CHICAGO'S MCCORMICK PLACE, WITH 52,223 VISITORS CONNECTING WITH 1,160 EXHIBITS ACROSS 659,000 NET SQUARE FEET FOR LEARNING, ENGAGING, AND DISCOVERING EQUIPMENT AND TECHNOLOGY INNOVATIONS TO BUILD SUPPLY CHAIN EFFICIENCY AND RESILIENCE. PROMAT 2025 INCLUDED OVER 215 EDUCATIONAL SEMINARS AND FOUR KEYNOTES, THE MHI INDUSTRY NIGHT ENTERTAINMENT EVENT, AND INNOVATION AWARDS FOR BEST NEW PRODUCT, BEST INNOVATION OF AN EXISTING PRODUCT, BEST SUSTAINABILITY, AND BEST IT INNOVATIONS. PROMAT 2025 STUDENT DAY ON MARCH 19 AND WELCOMED HUNDREDS OF HIGH SCHOOL AND UNIVERSITY STUDENTS AS WELL AS EDUCATORS TO THE EVENT. THE WERC 2025 ANNUAL CONFERENCE, WAS A PREMIER EVENT FOR PROFESSIONALS IN THE WAREHOUSING, DISTRIBUTION, AND LOGISTICS SECTORS. THE CONFERENCE OFFERS A BLEND OF EDUCATIONAL SESSIONS, INDUSTRY-SPECIFIC MEETINGS, AND NETWORKING OPPORTUNITIES AIMED AT TACKLING CURRENT SUPPLY CHAIN CHALLENGES. ATTENDEES HAVE THE CHANCE TO EXPLORE KEY TOPICS SUCH AS OPERATIONAL EFFICIENCY, EMERGING TECHNOLOGY, AND WORKFORCE STRATEGIES, WHILE ALSO PARTICIPATING IN FACILITY TOURS AND HANDS-ON WORKSHOPS. THIS YEAR'S EVENT WAS DESIGNED TO PROVIDE ACTIONABLE INSIGHTS FOR LEADERS ACROSS ALL CAREER STAGES, HELPING THEM IMPLEMENT BEST PRACTICES WITHIN THEIR ORGANIZATIONS. MEMBERSHIP MEETINGS: TWO MEMBERSHIP MEETINGS WERE HELD IN 2025, THE MHI SPRING MEETING AND THE MHI ANNUAL CONFERENCE. BOTH MEETINGS ARE INTERACTIVE THOUGHT LEADERSHIP EVENTS PROVIDING EDUCATIONAL SESSIONS, PRODUCT SPECIFIC INDUSTRY GROUP MEETINGS AND NETWORKING EVENTS FOCUS ON ISSUES OF MUTUAL INDUSTRY CONCERNS AND GROWTH OF THE MATERIAL HANDLING INDUSTRY. PRODUCT SPECIFIC INDUSTRY GROUP MEETINGS FOCUS ON STANDARD DEVELOPMENT, AND DEVELOPMENT ON TECHNICAL, SAFETY, AND EDUCATIONAL MATTERS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 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 1 55 0 1 64 1 1 1 0 0 0 0 0 0 0 X 13 12 0 0 1 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NC X GRAY MURRAY 7047148727 8720 RED OAK BLVD CHARLOTTE NC 28217 JOHN PAXTON CEO 40.00 0.00 X X 621884 0 103800 BRIAN REH CHAIRMAN 2.00 0.00 X X 0 0 0 EDDIE MURPHY PRESIDENT 2.00 0.00 X X 0 0 0 CHRIS BECKER VICE PRESIDENT 2.00 0.00 X X 0 0 0 ANNETTE DANEK-AKEY DIRECTOR 2.00 0.00 X 0 0 0 JAMES CABOT DIRECTOR 2.00 0.00 X 0 0 0 RICK FOX DIRECTOR 2.00 0.00 X 0 0 0 BRYAN JENSEN DIRECTOR 2.00 0.00 X 0 0 0 JASON MINGHINI DIRECTOR 2.00 0.00 X 0 0 0 KEVIN O'NEILL DIRECTOR 2.00 0.00 X 0 0 0 BRIAN C NEUWIRTH DIRECTOR 2.00 0.00 X 0 0 0 KAREN NORHEIM DIRECTOR (TO 3/25) 2.00 0.00 X 0 0 0 BRETT WOOD DIRECTOR 2.00 0.00 X 0 0 0 ARTHUR H STROYD GENERAL COUNSEL & DIRECTOR 12.00 0.00 X 0 0 0 GRAY MURRAY VP OF FINANCE 40.00 0.00 X 164799 0 38208 DANIEL MCKINNON CHIEF EXHIBITIONS OFFICER 40.00 0.00 X 394135 0 57094 CHRISTIAN DOW EVP INDUSTRY LEADERSHIP & WF DEV. 40.00 0.00 X 329282 0 47028 CHRISTY DULA CHIEF EXP. & DIG. TECH OFFICER 40.00 0.00 X 361139 0 46905 CAROL MILLER CHIEF MARKETING OFFICER 40.00 0.00 X 297026 0 40969 MICHAEL MIKITKA EVP OF EDUCATION 40.00 0.00 X 291864 0 43084 GREG BAER VP SALES 40.00 0.00 X 318214 0 51312 PAUL TRAINOR EXHIBIT SALES MANAGER 40.00 0.00 X 197649 0 29345 LORETTA BARTER DIRECTOR OF HR 40.00 0.00 X 160653 0 25452 MELISSA AUER SR. DIR. OF EXHIBITOR SVCS. 40.00 0.00 X 161336 0 35700 PATRICK DAVISON DIRECTOR OF STANDARDS 40.00 0.00 X 154548 0 27040 3452529 0 545937 25 0 1 0 GLOBAL EXPERIENCE SPECIALISTS INC 7000 LINDELL RD LAS VEGAS NV 89118 EVENT LOGISTICS SERVICES 1689597 FREEMAN AUDIO VISUAL PO BOX 734596 DALLAS TX 753734596 AUDIO VISUAL SERVICES 993406 NMR NATIONAL MICRO RENTALS INC 28 ABEEL RD MONROE TOWNSHIP NJ 08831 EVENT SERVICES 612985 BLUE SKY PRINTING 26296 12 TREES LN NW STE 190 POULSBO WA 98370 COMMERCIAL PRINTING SERVICES 567323 LEADING AUTHORITIES 150 N MICHIGAN AVENUE SUITE 340 CHICAGO IL 60601 TALENT SERVICES 481760 27 TRADE SHOW 900099 29174882 28384082 790800 MEMBERSHIP DUES 900099 3852820 3852820 INDUSTRY MEETINGS 900099 1260770 1260770 WERC 900099 1196664 1128807 67857 INDUSTRY GROUPS 900099 645973 645973 8952 8952 36140061 447044 447044 1435915 1498829 -62914 -62914 -12694 -50220 30243172 29496120 747052 747052 747052 ADVERTISING 541800 899214 451056 448158 MANAGEMENT FEES 561000 56752 56752 955966 38227209 35789212 1294121 1143876 396680 2837217 4911807 490650 833431 482317 127229 63971 192299 411735 991121 16393 49515 2878041 8958 276206 37049 TRADE SHOW EXPENSES 10696871 COMMITTEE OPERATIONS 2389796 WERC EXPENSE 1276993 INDUSTRY GROUP EXPENSE 513666 217362 30099307 11901831 12300609 2108139 3514787 170420 199523 7473 7473 1663017 2258932 19196378 6428071 13622300 12768307 55874723 68593813 132537 894250 170602 126908 85651042 100664602 1666776 1166949 27349383 26914849 3098384 3080238 122681 161404 32237224 31323440 X 53413818 69341162 53413818 69341162 85651042 100664602 8127902 7799442 0 X 0 1 X 1 0 0 1 0 2268905 2268905 15279925 5223999 10055926 1577811 1204072 373739 69737 69737 12768307 PREPAID RENT 76900 TENANT SECURITY DEPOSITS 84504 161404 X PART X, LINE 2: MATERIAL HANDLING INDUSTRY AND ITS SUBSIDIARY AND AFFILIATES ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO ITS TAX-EXEMPT PURPOSE UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE ("IRC") AND APPLICABLE STATE STATUTES. MHI IS LIABLE FOR FEDERAL AND STATE TAXES ON ANY UNRELATED BUSINESS INCOME, AS DEFINED IN THE IRC. MHI FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MHI'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO MHI, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF DECEMBER 31, 2025 AND 2024 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. 1 MATERIAL HANDLING EDUCATION FOUNDATION INC 8720 RED OAK BLVD CHARLOTTE NC 28217 251303313 501(C)(3) 250000 0 SCHOLARSHIP PROGRAM MIAMI UNIVERSITY 301S CAMPUS AVE OXFORD OH 45056 316402089 501(C)(3) 25000 0 ADVANCED MANUFACTURING RESEARCH LAB FIRST NORTH CAROLINA PO BOX 5715 GREENSBORO NC 27435 461301122 501(C)(3) 25000 0 ROBOTICS PROGRAM ANONYMOUS PHILANTHROPY LLC 436 MAIN ST FRANKLIN TN 37064 205224490 501(C)(3) 50000 0 SKILLED CAREERS COALITION SPONSORSHIP PBS IMPACT FOUNDATION INC 1025 CONNECTICUT AVE SUITE 917 WASHINGTON DC 20036 861345351 501(C)(3) 10000 0 PHI BETA SIGMA FRATERNITY, INC CONCLAVE TAMPA SPONSORSHIP AMERICAN LOGISTICS AID NETWORK PO BOX 1985 AUBURNDALE FL 33823 260627264 501(C)(3) 22500 0 SUPPORT FOR LOGISTIC SERVICE AID 6 0 PART I, LINE 2: THE BOARD OVERSEES ALL GRANTS TO ENSURE FUNDS ARE USED APPROPRIATELY. X 1 1 X X X X X 0 1 0 JOHN PAXTON CEO 457280 0 154254 0 10350 0 89601 0 14199 0 725684 0 0 0 DANIEL MCKINNON CHIEF EXHIBITIONS OFFICER 295063 0 88722 0 10350 0 36314 0 20780 0 451229 0 0 0 CHRISTY DULA CHIEF EXP. & DIG. TECH OFFICER 271345 0 79444 0 10350 0 33429 0 13476 0 408044 0 0 0 CHRISTIAN DOW EVP INDUSTRY LEADERSHIP & WF DEV. 267133 0 51799 0 10350 0 32863 0 14165 0 376310 0 0 0 GREG BAER VP SALES 112433 0 205781 0 0 0 31886 0 19426 0 369526 0 0 0 CAROL MILLER CHIEF MARKETING OFFICER 220403 0 66273 0 10350 0 27127 0 13842 0 337995 0 0 0 MICHAEL MIKITKA EVP OF EDUCATION 250981 0 30533 0 10350 0 30876 0 12208 0 334948 0 0 0 PAUL TRAINOR EXHIBIT SALES MANAGER 84123 0 113526 0 0 0 21267 0 8078 0 226994 0 0 0 GRAY MURRAY VP OF FINANCE 149000 0 15799 0 0 0 18330 0 19878 0 203007 0 0 0 MELISSA AUER SR. DIR. OF EXHIBITOR SVCS. 119886 0 41450 0 0 0 16079 0 19621 0 197036 0 0 0 LORETTA BARTER DIRECTOR OF HR 133826 0 26827 0 0 0 16470 0 8982 0 186105 0 0 0 PATRICK DAVISON DIRECTOR OF STANDARDS 153548 0 1000 0 0 0 18083 0 8957 0 181588 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: PER THEIR CONTRACTS, OFFICERS ARE REQUESTED TO HAVE THEIR COMPANIONS ACCOMPANY THEM TO C-LEVEL EVENTS FOR BONA FIDE BUSINESS PURPOSES. THE ONLY PERSON WHO RECEIVED THIS NONTAXABLE BENEFIT WAS JOHN PAXTON. PART I, LINE 4B IN 2021, A 457(F) PLAN WAS ESTABLISHED FOR JOHN PAXTON, CEO. ANNUALLY, THE HR COMMITTEE WILL APPROVE AN AMOUNT TO BE CREDITED TO THE PLAN. THE AMOUNT FOR 2025 WAS $72,744. HE WILL BECOME VESTED IN THE PLAN AT THE EARLIEST OF THE FOLLOWING DATES: DEATH, ATTAINMENT OF LONG-TERM DISABILITY, VOLUNTARY TERMINATION AFTER COMPLETION OF AT LEAST 3 YEARS OF TOTAL EMPLOYMENT SERVICE AND REACHING AGE OF 62, OR INVOLUNTARY TERMINATION OF SERVICE BY MHI, FOR A REASON OTHER THAN CAUSE. FORM 990, PART VI, SECTION A, LINE 4 MHI BYLAW AMENDMENT - CHANGES WERE MADE TO THE DEFINITION OF "DEVELOPER" TO HELP ATTRACT COMPANIES THAT PROVIDE SPECIFIC AI SUPPLY CHAIN SOLUTIONS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS CAN RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS OR EXCESS DUES OR A SHARE OF THE ORGANIZATION'S NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE CEO AND VP OF FINANCE REVIEW THE RETURN. THE BOARD IS PROVIDED A FULL COPY AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY GOVERNOR OR OFFICER AS TO WHOM A MATTER COMING BEFORE THE BOARD OF GOVERNORS OR A COMMITTEE ON WHICH SUCH THE GOVERNOR OR OFFICER SITS, WHICH MAY CONSITITUTE A CONFLICT OF INTEREST SHALL SO INDICATE AT OR PRIOR TO THE TIME SUCH MATTER IS BEING CONSIDERED TO THE BOARD OF GOVERNORS OR EXECUTIVE DIRECTOR. THE BOARD MEMBER IS EXCUSED FROM THE DISCUSSION AND VOTING ON THAT PARTICULAR MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF GOVERNORS ESTABLISHED A HUMAN RESOURCE COMMITTEE THAT HAS THE RESPONSIBILITY FOR ALL EMPLOYEE COMPENSATION, BENEFITS AND RELATED EMPLOYEE MATTERS. THE COMMITTEE SHALL CONSIST OF THE CHAIRPERSON, PRESIDENT, VICE PRESIDENT AND TWO OTHER BOARD OF GOVERNORS. THE CHIEF EXECUTIVE OFFICER SHALL SERVE AS AN ADVISOR TO THE COMMITTEE. EVERY 5 YEARS OR LESS THE BOARD OF GOVERNORS AUTHORIZES THE HUMAN RESOURCE COMMITTEE TO ENGAGE AN INDEPENDENT HUMAN RESOURCE CONSULTING FIRM TO PROVIDE A COMPREHENSIVE COMPENSATION AND BENEFIT STUDY WITH THE OBJECTIVE TO RECOMMEND FAIR AND COMPETITIVE COMPENSATION RANGES FOR ALL POSITIONS AND BENEFITS THAT ALIGN WITH THE STRATEGIC MISSION AND VISION. ANNUALLY, THE CEO'S SALARY IS DETERMINED AND APPROVED BY THE HUMAN RESOURCE COMMITTEE AND IS DOCUMENTED IN THE HUMAN RESOURCE COMMITTEE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND BYLAWS ARE AVAILABLE ON THE WEBSITE OR BY REQUEST. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST.