Print Service & Distribution Association (Psda)

“Smithbucklin corporation is a management company which manages all aspects of the organization in accordance with the organization's bylaws and policies. Operations may include but are not limited to administration, membership, finance and accounting, convention/tradeshow/meeting planning, education, marketing, information technology and government relations. Smithbucklin employees provide these services and total fees paid to smithbucklin is $1,327,051.”

“The psda bylaws state that there shall be two classes of members, voting and non-voting. A voting member shall be defined as a proprietor, partnership, firm, franchise, corporation, or division engaged in whole or in part in the supply, manufacture, or distribution of business printing and/or related products and services through all marketing channels to eventually serve the ultimate customer. A non-voting member shall be defined as an institution of higher learning,vocational education facility, research or consulting organization engaged in education, training,or research associated with the industry.”

“The psda bylaws state the leadership and governance committee shall identify candidates for officer and director positions and shall nominate one person for each vacant position. Additional nominees will be added to the ballot if a petition for an additional candidate, signed by at least ten percent (10) of the voting membership, is received by the executive vice president at least 120 days prior to the annual meeting. In the event there are no additional nominees, the nominees shall be deemed to be elected by acclimation.”

“The members of the association elect the board of directors.”

“A draft form 990 is reviewed prior to filing with the irs”

“Governing documents require disclosure of any conflicts of interest.”

“The board and compensation committee review comparable compensation and benefit packages for the executive vice president and key employees”

“Governing documents, application of expemtion and form 990 are made available upon request.”

“Bad debt expense -10,300.”

“The board of directors assumes responsibility for oversight of the audit and selection of the independent auditors. This policy has not changed from the previous year.”