National Marine Manufacturers

“During the interval between meetings of the board of directors, the executive committee shall have and may exercise the powers of the board of directors of the corporation in the management of the business and affairs of the corporation, including, without limitation, the compensation of the officers of the corporation. The executive committee does not have authority to approve individual capital expenditures or commitments estimated to be more than $500,000 in any one year or $2.5 million in the aggregate. Minutes reflecting any action taken by the executive committee shall be submitted to the board of directors of the corporation at its next meeting for its information.”

“Nmma board directors aine denari, john buelow, and eric nelson have a business relationship with each other in their capacity as officers of brunswick corporation. Ben speciale and bill boehman have a business relationship with each other in their capacity as officers of yamaha motor corporation. Bill yeargin and mark mckinney have a business relationship with each other in thier capacity as officers of correct craft.”

“Nmma has four classes of membership as follows: (1) boat manufacturer, (2) engine manufacturer, (3) accessory and components manufacturer, and (4) associate members. The three manufacturing divisions are represented by an elected divisional board of directors.”

“Nmma has four classes of membership as follows: (1) boat manufacturer,(2) engine manufacturer, (3) accessory and components manufacturer, and (4) associate members. The three manufacturing divisions are represented by an elected divisional board of directors. All members, except associate members, are entitled to cast a vote to elect the three divisional board of directors and nmma board of directors.”

“The tax return is not shared with the entire board. The return is posted to a secure document portal (board effect) and shared with the executive committee of the board and the audit committee prior to filing. Board effect is nmma's secure internet portal for distribution of material to the executive committee.”

“Each director receives and signs a form noting their compliance with the policy, which requires immediate notification of any conflict of interest.”

“In addition to the annual review process that is undertaken for the president, compensation and benefit studies are done periodically, by an independent third party consultant.”

“The organization makes its governing documents available upon request. It distributes the conflict of interest policy to board members and employees. An internal financial statement is distributed to the board monthly. An independently prepared financial statement is available to all members and to all others upon request.”

“Currency translation adjustment 11,076.”