The Association for Manufacturing Technology

“Form 990, part iii, line 1 article ii of amt's bylaws lists the purposes as "to promote the progress and development of high standards of manufacture, marketing, technology, industrial and public relations, business management and ethics in the machine tool industry of the united states, to stimulate interest in and demand for machine tools and related products, and to represent and advance the common law interests of the machine tool industry before the public, industry and the government." amt's mission statement reads "the association for manufacturing technology's members will be the global leaders in innovating, producing and implementing advanced manufacturing technology solutions. In support of its members, amt will be an active partner in the advancement of manufacturing technology and in the success of our members' businesses. As an active partner, amt will facilitate networking, collaboration, match-making, new business opportunities, and the exchange of ideas." program service activity #1 form 990, part iii, line 4a in 2017, amt began the preparation for imts 2018 which will be held in september in chicago for the manufacturing technology industry. To help promote our members' sales internationally, amt participated in various foreign shows. In january, the amt/usa pavilion at imtex in bangalore, india was well attended and very successful. In april, there was a similiar effort at cimt in beijing, china. Members were well represented at feimafe in sao paulo, brazil in may. Additionally, amt is working with several other similiar organizations in other countries to do more joint efforts for promoting activities that will benefit our members and theirs. Program service activity #2 form 990, part iii, line 4b amt continued its efforts into member outreach, helping member companies find new markets, new customers, and new approaches for marketing their products and services. All four established tech centers (one each in brazil, china, mexico and india) continue to assist a growing number of member companies pursuing international markets. Amt also conducted webinars and business review days. The "key country comparison" provided updates of representative business and selling costs in the bric's, poland, mexico and the united states. There were also opportunities to network and learn from fellow members stateside at events like mfg, the global forecasting conference and the service and aftermarket support conference. For those who find it difficult to get away to trade shows and conferences, amt has begun providing more and more webinars and even the chance to see emo, germany's largest trade show on imts.com imtstv. Program service activity #3 form 990, part iii, line 4c the tech centers in mexico and brazil have expanded their business offerings to include each setting up a warehouse that allows amt members to store parts and machines so that deliveries and repairs may be completed more quickly for their customers in central and south america. Our four tech centers (mexico, brazil, china and india) have added an additional option for ad hoc services that allows members to request assistance with special one-off requests that advance their businesses in those countries.”

“Form 990, part vi, line 6 amt has 3 categories of members: regular members, affiliate members, and start-up members. Amt's regular members have voting rights. Members: companies which have, for one year or more within the united states, manufactured, sold, and warranted the overall operational performance of non-portable, power-driven manufacturing machinery, systems, correlated equipment products, or software used in the processing steps for performing operations on man-made materials to produce discrete durable goods. Start-up members: firms that, for less than one year immediately preceding the date of membership application, produce and sell or lease machine tools or related equipment, products or software in the united states. Start-up members do not have voting privileges. Affiliate members: with the merger with amtda, this category has expanded to include distributors who pay dues but do not have voting privileges as well as organizations which have one or more programs structured to aid the advancement of the manufacturing technology industry, usually colleges, universities and other research facilities; they do not pay any dues, nor do they have voting privileges.”

“FORM 990, PART VI, LINE 7A AND 7B AT LEAST 90 DAYS BEFORE THE ANNUAL MEETING, THE CHAIRMAN SHALL APPOINT A NOMINATING COMMITTEE COMPRISED OF THE THREE MOST RECENT PAST CHAIRMEN OF THE ASSOCIATION THAT REMAIN ACTIVELY EMPLOYED BY OR HAVE RETIRED FROM A MEMBER. THE NOMINATING COMMITTEE SHALL PROPOSE NOMINEES FOR ANY VACANCIES IN THE BOARD OF DIRECTORS TO BE FILLED AT SUCH MEETING. NOMINATIONS MAY ALSO BE MADE BY ANY MEMBER BY SUBMITTING A WRITTEN STATEMENT TO THE NOMINATING COMMITTEE AT THE ASSOCIATION'S PRINCIPAL OFFICE NOT LATER THAN 60 DAYS PRIOR TO THE DATE OF THE ANNUAL MEETING. THE NOMINATING COMMITTEE SHALL SUBMIT THEIR NOMINATIONS TO THE EXECUTIVE COMMITTEE FOR REVIEW PRIOR TO THE ANNUAL MEETING AND IN TIME TO PERMIT NOTICE OF THE NOMINATING COMMITTEE'S NOMINATIONS TO BE MAILED TO THE MEMBERS AT LEAST TEN DAYS PRIOR TO THE ANNUAL MEETING. THE NOMINATIONS SHALL THEREAFTER BE SUBMITTED FOR MEMBERSHIP APPROVAL AT THE ANNUAL MEETING BY AN AFFIRMATIVE MAJORITY VOTE OF THE MEMBERS PRESENT. MEMBERS OF AMT HAVE the POWER TO APPROVE BYLAWS CHANGES.”

“Form 990, part vi, line 11b the form 990 is prepared by amt's independent accounting firm prior to filing, the organization conducts an internal review of the form 990 which is performed by the organization's management in conjunction with its accounting/finance staff.”

“FORM 990, PART VI, LINE 15A & 15B THE PRESIDENT'S SALARY IS CONTROLLED BY INDEPENDENT PERSONS SERVING ON THE COMPENSATION COMMITTEE WHICH IS A SUB-SET OF THE AMT BOARD OF DIRECTORS. ALL OTHER SALARIES ARE CONTROLLED BY THE PRESIDENT. THE SALARIES ARE DETERMINED BY REFERRING TO MARKET SALARY BENCHMARKS. THE PRESIDENT'S ANNUAL SALARY REVIEW IS SIGNED BY THE CURRENT CHAIRMAN OF THE BOARD OF DIRECTORS, ALL OTHER ANNUAL SALARY REVIEWS ARE APPROVED/SIGNED BY THE PRESIDENT OF THE ASSOCIATION. ANNUALLY, ALL SALARIES INCLUDING THE OFFICERS ARE BENCHMARKED USING five DIFFERENT SALARY SURVEYS (PRM, HRA, CORDOM, ASAE, AND AMT'S EXECUTIVE COMPENSATION SURVEY). THE BENCHMARKS ARE SHARED WITH THE PRESIDENT (AND, IN THE CASE OF THE PRESIDENT, ARE SHARED WITH THE COMPENSATION COMMITTEE). THE COMPENSATION COMMITTEE REVIEWS THE BENCHMARK COMPENSATION REPORTS DELIBERATES AND APPROVES, THEN DOCUMENTS THEIR APPROVAL WHEN SETTING THE PRESIDENT'S TOTAL COMPENSATION.”

“Form 990, part vi, line 19 amt makes its governing documents, conflict of interest policy, and financial statements available to the public upon request to the extent required by law.”

“FORM 990, PART XI, LINE 9 Loss ON FOREIGN CURRENCY EXCHANGE $54,742 MTCI Net Income $(135,064) Investment in Subsidiary $1,354,096 ---------- TOTAL $1,273,774”