Pacific Maritime Association

“Craig epperson, james mckenna, michael wechsler, business relationship. Edward a. Denike, ron forest, business relationship. Part vi, line 4: in february 2018, pma's board and membership approved the amendment and restatement of pma's bylaws with respect to the number of directors and manner of nominating candidates for directors.”

“The membership of pma consists of domestic carriers, international carriers, and stevedores/non-carriers that operate in california, oregon, and washington.”

“Pma's bylaws set forth the process by which members elect the board of directors. Voting strength is determined by membership class (domestic carrier, international carrier, or stevedore/non-carrier) and tonnage or payroll hours.”

“Pma's bylaws set forth the membership's role in approving board of directors' decisions, such as decisions regarding dues and assessments, union contracts and commitments, and revising the bylaws.”

“Documentation is promptly drafted and finalized as soon as practicable; however, this process may take longer than 60 days after the meeting or the action or by the next meeting.”

“Data was compiled and reviewed by pma's accounting and legal departments, including responses to questionnaires by directors and officers/key employees; an independent accounting firm reviewed the data and prepared the form; the form was reviewed and approved by the ceo, legal department, and controller, prior to signing by pma's senior vice president/cfo.”

“Directors, officers and key employees receive annual questionnaires focused on categories of potential conflicts identified on the form 990, including schedule l reportable transactions. Potential conflicts disclosed are reviewed by pma's legal department.”

“In previous years, a compensation consultant was engaged to advise the board on ceo and officer compensation, and is used from time to time to provide updated information to the compensation committee of the board of directors. The compensation committee annually reviews ceo and officer total compensation and submits compensation levels for the next year to the board of directors for recommendation and approval.”

“The organization's governing documents, conflict of interest policy, and financial statements are not available to the public.”

“Change in value of pension cost $3,563,830 change in equity of subsidiary $ 9,617 ---------- total part xi, line 9 $3,573,447”