Produce Marketing Association Inc

“The board of directors shall be composed of fifteen or more voting members, each of whom shall be elected for a one-year term, providing that no director shall be elected to serve more than three consecutive terms. In case any director shall, by death, resignation, incapacity to act, or otherwise cease to be a director of the association during his term, a successor shall be chosen by a majority vote of the directors remaining in office, to serve for the remainder fo the unexpired term. The board of directors shall declare vacant the position occupied by any director who ceases to be employed or officially affiliated with a member company of the association.”

“Form 990 is reviewed by the cfo.”

“Each member of the board is asked to review and sign the coi policy and disclose at that time if there are any conflicts to discuss. At each meeting the coi is referred to and the board is asked if anything has changed or arisen that should be considered.”

“Ceo, executive director, or top management - this process is handled by our executive committee officers. They meet one day prior to an already scheduled meeting and evaluate the president & ceo year and then together determine what benefits he would receive based on those facts which includes any salary increase, bonus, or deferred compensation. About every threee years the association conducts a salary survey that is provided to the members of the board. The organization is currently using an executive compensation contractor to provide a compensation study for the ceo position. The compensation committee for the executive director still uses the chairman, chair-elect, and immediate past chair to review and handle all compensation matters. Other officers or key employees - all others follow the compensation policy of the association.”

“Form 990 and all other financial documents are available upon request.”

“Distribution of net assets to successor -8,756,093.”