Steel Manufacturers Association

“The association makes its filed 990 available to the public upon request.”

“Eligibility for Membership: 1) Any firm, corporation, or other entity which has been engaged on a continuing basis for a minimum of one year in the "Steel Industry" itself or as successor to the operations of another such firm, corporation or other entity, whose general commercial standing qualifies in respect to operating experience, shall be eligible to be a North American or International "Company Member" of the Association. 2) Any firm, corporation, or other entity which has been engaged on a continuing basis for a minimum of one year as a supplier of goods or services to/or a customer of the steel industry shall be eligible to be an Associate Company Member of the Association. The term "Steel Industry" shall mean the business of operating a plant or plants for producing slabs, billets or ingots from electric or other furnace operations and/ or the manufacture of steel mill products.”

“There shall be a Board of Directors (Board), consisting of one member from each firm, corporation, or other entity having North American Company Member status in the Association. Each North American Company member shall designate a person to serve as a member of the Board at the Annual Meeting of the Board/Membership. In the event a North American Company Member shall fail to designate a member of the Board, the Board member serving upon designation of the North American Company shall continue in office until his successor is duly designated. Board members' terms shall expire on termination of North American Company Member status. Candidates for the offices of Chairman, First Vice Chairman, Second Vice Chairman and Treasurer shall be nominated by the Nominating Committee from among the Accredited Representatives of Company Members. Additional candidates may be nominated by members of the Board of Directors at the time of the election. A ballot of the Board shall be conducted and those candidates receiving a plurality of votes of the Board members present and voting shall be elected to the respective offices for a term of two years or until their successors are duly elected.”

“Classes of membership: There are three types of membership termed "Company Member" a. North American - Any company which has at least one facility within the United States, Canada, or Mexico; b. International - Any company with all of its operations outside the United States, Canada, and Mexico; c. Associate - Any company that supplies goods or services to the steel industry or is a customer for the products of the steel industry. The Directors may at any time, by unanimous vote, elect any person as an "Honorary Member "Honorary Officer", but such Honorary Member or Officer shall have no privilege of vote, control, or equity, in the Association. Each North American Company Member shall designate one or more Accredited Representatives authorized to cast the Company Member vote on all matters. Each Company Member shall be entitled to one vote either in person or by proxy on matters to be voted upon by the Membership. Only Directors of paid-up North American Companies shall be entitled to vote at any Meeting of the Association. Each North American Company shall have one vote in person or by proxy. Proxy voting shall not be allowed at meetings of the Board of Directors or Executive Committee.”

“The association's president, who is also a board and executive committee member, reviews form 990 as prepared by the association's outside cpas in consultation with the treasurer. Form 990 is filed after the president gives his final approval.”

“The association has an executive committee which determines and approves the president's salary. The president has administrative authority over all staff salaries, with board review.”

“The association makes the audited financial statements available to the public upon request. The association also makes the governing documents available to the public if and to the extent required to do so because of their having been attached to a government filing requiring such disclosure.”

“(Expenses $ including grants of $) the association uses four committees to address specific issues of importance to its members. These committees consist of a plant operations division committee, an environmental committee, a human resources committee and a safety committee.”

“The process has not changed from prior years.”