Semiconductor Equipment & Materials Intl

“Form 990, Part VI, Section A, Line 6: SEMI members consist of corporations, companies, firms, or organizations, or departments or subdivisions thereof, whose interest or corporate objective is the field of semiconductor equipment, materials, or services; provided that such entities shall not become voting members except upon payment of such initiation fees as may be determined by the board of directors.”

“Form 990, Part VI, Section A, Line 7a: Each voting member in good standing is entitled to vote for the election of directors.”

“Form 990, Part VI, Section A, Line 7b: Voting members have the power to amend the articles of incorporation and corporate bylaws of SEMI and may have other powers conferred by the nonprofit public benefit corporation law of the state of California.”

“Form 990, Part VI, Section B, Line 11a: Grant Thornton LLP and SEMI staff work together to gather the required tax information necessary to complete the tax returns. The initial draft return is reviewed by Grant Thornton and SEMI finance staff; items are discussed and reviewed. Recommended changes are reflected in the return and a draft tax return is prepared. The Finance Committee receives the final version of the tax return for review prior to filing. The Board has delegated monitoring and review of financial matters to the Finance Committee.”

“Form 990, Part VI, Section B, Line 12c: Annually, SEMI sends the code of conduct policy, which includes the conflict of interest policy, to all employees. All employees are required to review the policy and certify that they agree to abide by it. SEMI human resources audits the responses to ensure that all employees respond.”

“Form 990, Part VI, Section B, Lines 15a and 15b: In conjunction with the International Board of Directors meeting each year in Tokyo, Japan, the Board Compensation Committee meets with the President and CEO, CFO and Senior Director, Global Human Resources. Based upon salary survey information and the use of an independent compensation consultant, they present recommended merit increases on a regional basis for approval by the Board Compensation Committee. Once approved, the SEMI executive and staff merit increases are administered by functional leadership through the performance management system with final approval by the President and CEO. The CEO's annual compensation adjustment is discussed privately with the Board Compensation Committee, the CFO and the Senior Director, Human Resources. A review of the CEO's goals and accomplishments is accompanied by a recommended compensation adjustment based on independent salary surveys. The Board Compensation Committee then meets in closed session to review this information and determine an appropriate performance rating and the accompanying bonus and merit increase.”

“Form 990, Part VI, Section C, Line 19: SEMI makes its Forms 990 and 990T and audited financials available upon request.”

“Form 990, Part XI, Line 9: Change in Translation Reserves $(320,691) Change in Pension Accrual $1,879,301 ---------- Total $1,558,610”