American Coalition for Ethanol

“The President, Vice President, Treasurer, Secretary, and two additional Directors appointed by the Board shall constitute the ACE Executive Committee. The Executive Committee reviews and acts on the annual audited or reviewed financial statements, reviews and acts on budgetary matters, helps oversee ACE management activities, makes recommendations to the Board of Directors, and completes other duties as deemed necessary.”

“Chris Wilson and Doug Punke have a business relationship. Chuck DeGrote and Dale Tolifson have a business relationship.”

“There are two categories of membership: 1. Voting Member Qualifications: - An ethanol or biofuel production entity; - Represents producers of agricultural commodities and other feedstocks used to produce ethanol or biofuel; - A rural electrification entity; - Firms that market ethanol, biofuels, or coproducts and firms that design or build ethanol or biofuel facilities; or - Any other party who demonstrates the highest level of support to the success of the ethanol industry. 2. Non-Voting Member Qualifications: - Associate Members. Any natural person, partnership, association or corporation which provides goods and services in support of ethanol, biofuel, or coproduct production or the ethanol industry, other than those listed as Voting Members. - Individual Member. Any person, other than those listed as voting members or associate members, who supports the advancement of the ethanol industry.”

“ACE voting and ethanol producer members elect board directors at the annual business meeting.”

“The 990 is reviewed by the Executive Vice President. After his review, it is made available to Board members upon request.”

“Any ACE director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest through business, investment, or family are interested persons and are covered by the conflict of interest policy. Annually, all interested persons are asked to sign the conflict of interest policy. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing body or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether ACE can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. The minutes of the governing board or all committees with board delegated powers shall contain the discussions on all possible conflicts of interest.”

“The executive committee discusses job performance and accomplishments of the Executive Vice President and determines based upon performance and accomplishment his compensation. A performance review was completed in 2015. The Executive Vice President determines the compensation for the Senior Vice President.”

“These documents are available upon request.”