Precision Machined Products Association

“Classes of members - the following defines the various member classes within the organization: section 1. Active - except as otherwise provided in this section, any business entity that manufactures precision machined products for sale to or use by others is eligible to become an active member. A business entity that manufactures precision machined products exclusively for its own use, assembly, and incorporation into products that it markets is not eligible to become an active member. Section 2. Associate - any business entity that manufactures precision machined products exclusively for its own use, assembly, and incorporation into products that it markets is eligible to become an associate member. Section 3. Technical - any provider of goods or services to the precision machining industry is eligible to become a technical member. Section 4. Affiliate - any non-profit educational institution that provides training or other programs to the precision machining industry is eligible to become an affiliate member. Section 5. Rules of admission - the board of directors may establish rules of admission and status for each class of members. Section 6. Dues - annual dues shall be levied in accordance with resolutions adopted by the board of directors from time to time. Additional fees or special assessments, if any, shall be levied when determined necessary by the board of directors. Section 7. Multiple classification and dues limitation - active and associate members that also qualify as technical members may elect to maintain membership in each class and may participate fully in affairs of the association with the rights and privileges of each class. The dues schedule applicable to any member satisfying the eligibility requirements of more than one (1) class of members shall be the schedule resulting in the highest annual dues. Section 9. Voting and quorum - active members are the only members entitled to vote in the corporate and business affairs of the association. Each active member in good standing shall be entitled to one vote. A majority of the active members present in person or by proxy shall constitute a quorum for the transaction of business. Unless otherwise specified in the code of regulations, the affirmative vote of a makority of active members at a meeting at which a quorum is present shall by required to take action.”

“Election of members: certified representative- each member, regardless of classification, shall annually appoint and certify to the board of directors its representative who shall act and, where permitted by these regulations, vote for the member. Each member may designate one alternate representative to perform the functions of the certified representative in case of the certified representative's absence, death, or incapacity. The certified representative and alternate representative, if any, shall have the authority and responsibility fully to represent the member in all association matters.”

“Form 990 review - the form 990 is reviewed by management and is made available to the board of directors at the annual june meeting which occurs after the annual filing of the form 990. This process was approved by the organization's executive committee and was initially carried out in 2007.”

“Compensation review and approval - the compensation for the executive director is reviewed by the treasurer and the executive committee and approved by the board. Compensation for other officers and key employees are reviewed by the executive director and approved by the board through the budget. All processes were documented at the time the decisions were made.”

“Availability of documents - the organization makes its governing documents and financial statements available to the public upon request.”