United States Maritime Association Ltd

“The united states maritime alliance, ltd. (usmx), a non-profit, incorporated membership association, represents employers of the east and gulf coast longshore industry. Pursuant to usmx's bylaws, the organization has three classes of members: (i) carriers; (ii) direct employers; and (iii) port associations. Carriers are entitled to nineteen votes, direct employers are entitled to nine votes, and the port association class is entitled to nine votes, regardless of the number of members within each class. Each class must cast all membership votes allocated to them to amount to a total of thirty-seven membership votes.”

“Usmx's members are entitled, as part of their membership, to elect individuals to the usmx board of directors. The carrier class is allowed to elect seven carrier directors. The direct employer class is entitled to elect three direct employer directors. The port association class is entitled to elect three port association directors. Form 990, part vi, section a, line 9: david f. Adam, chairman and ceo, lizbeth monica, corporate secretary, and joseph weeks, dir., sfty/training, cfs & labor relations all occupy offices at world houston place, 9219 katy freeway, suite 291, houston texas, 77024.”

“The form 990 was prepared by an independent accounting firm in conjunction with the organization's financial department. A copy of the draft form 990 is shared with our attorneys for accuracy and forwarded to the chairman/ceo prior to its filing. The organization does not formally distribute a copy of the form 990 to the full board, but makes it available should any board member request to view it.”

“The organization has a code of conduct in place to prevent conflicts of interest. If a conflict were to arise, employees of the organization are expected to self-disclose those conflicts to usmx management.”

“When an executive or key employee position is being considered for hire, a compensation committee is established with the responsibility to ensure that the candidate is within the proper salary range and possesses the skills necessary to perform at a high level. The compensation committee reviews and approves all officer and key employee annual compensation with respect to that compensation. The committee used comparable compensation data for similarly qualified people in functionally comparable positions at similar organizations.”

“Usmx makes its form 990 available to the public by retaining a copy at its place of business; a copy is, likewise, published on the internet at www.guidestar.org. The financial statements will be provided, upon request, to any interested party. The governing documents and code of conduct are distributed internally and are not ordinarily made available to the public.”

“Change in equity valuation of subsidiary 2,399,984. Postretirement benefit changes other than net periodic benefits costs 689,274.”