Association of Progressive

“Dennis adams & david david - business relationship trent agin & larry carrico - business relationship trent agin & bill french - business relationship”

“The association amended its bylaws to: -remove a member requirement of having a separate location where he or she conducts business as a rental dealer; -add state association membership as another type of member; -specify that the cost of annual dues will no longer be fixed, and will rather be on a tiered per store basis; -include supporting vendors as another level of support the cost of which is to show support and goodwill towards the industry; -add virtual rtos as another category of membership; -update the voting procedures by removing proxy voting and allowing members to electronically vote; -increase the number of directors from 16 to 17; -vacancies shall be recommended by the nominating committee and voted on by the board of directors rather than filled by the board of directors; -now only allow reimbursement of expenses for one board meeting, not including the annual convention, or legislative conference; -specify that associate members representing the vendor advisory committee cannot serve as officers of the association; -give the power to the president to appoint the chairmans of the standing engagement committee, the standing membership committee, the membership committee, and the engagement committee; -no longer reimburse the executive committee for travel costs; -allow the executive director to request a meeting of the executive committee; -change the name of the communication committee to engagement committee; -remove the duty of the engagement committee to publish and deliver electronic communications like publications, advertising, information, and newsletters; -remove the public relations committee; -allow the finance committee to determine when some income should be deposited into their investment account rather than their general fund pursuant to the investment & reserves policy; -clarify that the board of directors may not authorize agents or officers to enter into contracts on behalf of the association as this is a staff responsibility; -remove the reference to directors signing checks as this is a staff responsibility; -not allow board of directors to accept any gifts on behalf of the association; -remove the conflict of interest disclosure statement as this is covered by a separate document collected from the board of directors;”

“-regular membership is available to any rental dealer defined as any person, corporation, or partnership who satisfies the following criteria: 1. Is regularly engaged in the business of renting consumer products by use of a terminable, without penalty, rental-purchase agreement. 2. Prominently merchandises and advertises the business in the media as offering a terminable, without penalty, rental-purchase agreement. -associate membership: any person, corporation, or partnership that supplies goods or services to the rental industry shall be eligible for associate membership in this association. Associate members may not vote on association matters; nor may associate members serve on the board of directors, except as authorized in article vi, section 1. Furthermore, associate members may not serve as officers of the association. The rights of associate members may be changed by a majority vote of the board of directors. -state association membership: a state rental dealer association that services the rental industry shall be eligible for membership in this association. State association members are entities and therefore may not vote on association matters; nor may state association members serve on the board of directors. Furthermore, state association members may not serve as officers of the association. The rights of state association members may be changed by a majority vote of the board of directors.”

“Members vote for board of directors.”

“A draft of the form 990 is reviewed by the president, secretary, treasurer executive director, director of finance, & general counsel. After approval, the final return is sent to all board members prior to filing with the irs.”

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: - has received a copy of the conflicts of interest policy; - has read and understands the policy; - has agreed to comply with the policy; and - understands the organization is tax-exempt and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The executive committee reviews compensation for the executive director. In setting the executive director salary, they worked with a search firm that provided salary information and guidance, and contemporaneous documents. The executive committee performs an annual review. When up for increase, comparable data is considered.”

“The association makes its governing documents, conflict of interest policy, and financial statements available to members upon request.”

“MODIFIED CASH”