Material Handling Educational Foundation Inc.

“The organization made the following changes to its bylaws: section 4.01. Authority. The business and affairs of the corporation shall be managed by the board of directors, except as it may delegate to the executive committee and to the investment committee of the board of directors ("executive committee" and "investment committee") as established hereinafter in article viii, section 8.01 and section 8.03. Section 8.01. Executive committee. There shall be an executive committee which shall consist of six (6) members of the board of directors and shall include the president, vice president, executive director and the last retiring president while they occupy those offices; the remaining two (2) members shall be appointed by the president to serve during his or her term. If a member of the executive committee (except for the last retiring president) shall resign or become ineligible to serve, the president shall appoint a successor for the balance of the term on the executive committee. The last retiring president shall not be replaced in these circumstances. The executive committee shall have all powers, and may exercise the authority, of the board of directors between meetings of the board except that it will not have: the authority of the grant committee pursuant to section 6.02 and 6.03 hereof; the power to select or remove directors or to fill vacancies on the board of directors; the power to adopt, amend or repeal of the bylaws; and the powers relating to matters committed by the bylaws or by resolution of the board of directors to another committee. All actions of the executive committee shall be subject to ratification by the board of directors at its next meeting. Regardless of whether actions of the executive committee are in fact ratified, such action shall be valid and binding on the corporation in the case of any person who has relied to its detriment upon such executive committee action. The executive committee shall meet at such times and at such places as the board of directors or the executive committee determines or at the call of its chair. A quorum for the transaction of business shall consist of four (4) members of the executive committee and any action at a meeting upon any matter shall be taken and be valid only with the affirmative vote of at least four (4) members present at a meeting duly convened. Section 8.03. Investment committee. There shall be an investment committee which shall consist of the president, who shall serve as chair, the executive director, the treasurer and the last retiring president, all of whom shall serve on the committee so long as they hold their designated officer positions, and three (3) additional directors who shall be appointed by the president. The committee's responsibilities shall include the authority to formulate, to review and to recommend an investment policy to be approved by the board of directors, to review such policy from time to time and to recommend revisions to the board of directors when appropriate, to review and to report on the investment of the foundation's funds, to work with the foundation's approved corporate trustee at any time, to make recommendations on investment policies, guidelines, parameters, and investments to the board of directors or in the event of an emergency or special situation to the executive committee and to direct the executive director and/or treasurer or any person designated by him, her or them in writing on making investments or investment changes including changes within the investment guidelines and parameters to the corporate trustee. The committee shall meet at least annually, and meetings of the investment committee may be called at any time by the board of directors or the president to be held at such place, day and hour as shall be specified by the person calling the meeting or, if not so specified, by the executive director. Notice of every meeting of the investment committee stating the place, day, hour and purposes the”

“An electronic copy of the 990 will be emailed to the members of the board prior to filing.”

“Any director or officer as to whom a matter coming before the board of directors or a committee on which such the director 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 directors or executive director. The board member is excused from the discussion and voting on that particular matter.”

“The governing documents, bylaws, conflict of interest policy and financial statements are available to the public upon request.”