National Automatic Merchandising Association

“Membership types consist of operators, suppliers, brokers/distributors, machine manufacturers, international subscribers, and sustaining. All members have equal rights.”

“The association has voting members and non-voting members. Non-voting members include international and sutdent members. Voting members consist of industry-related operators, manufacturers, suppliers, distributors, brokers and other sustaining members. Each member, other than a student member, shall appoint an official representative who shall represent and act for the members in all affairs of the association, and in the case of voting members, shall vote for the member. Voting members annually elect approximately one-third of the board of directors who each hold three-year terms. Voting memers are also entitled to vote on questions put to a vote at the association's annual meeting or at special meetings, as provided under the by-laws.”

“Form 990 is not presented to the governing body prior to filing. No such review was or will be conducted. However, the chief financial officer performs a review of the form 990 prior to signing the return.”

“Each year, the executive committee receives from the ceo a narrative of accomplishments versus goals (association-wide and personal), a reort on the financial performance and status of the association and an update on current compensation. The committee also compares the ceo's compensation to other executive association compensation surveys. While the executive committee has been delegated authority to determine and implement ceo compensation changes, nonetheless, its findings and recommendations are presented to the full nama board for review, feedback and final approval. The results of this process are then shared with the ceo and compensation changes are implemented.”

“The organization does not make these documents available to the public.”

“OTHER 1,444,114.”

“Liability adjustment under the retirement benefit plan 232,013.”