Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | ON APRIL 11, 2013, AT WOLVERINE'S ANNUAL MEMBER MEETING, WOLVERINE'S MEMBERS AMENDED ARTICLE V, SECTION 1, OF WOLVERINE'S BYLAWS, REPLACING THE REQUIREMENT FOR MONTHLY MEETINGS WITH A MINIMUM OF TEN MEETINGS PER YEAR. ALSO, WOLVERINE'S BOARD OF DIRECTORS AMENDED ARTICLE VI, SECTION 2(A) OF WOLVERINE'S BYLAWS AT ITS APRIL 25, 2013, REGULAR BOARD MEETING, REQUIRING THE ELECTION BY THE WOLVERINE BOARD ON THE OCCURRENCE OF A VACANCY IN THE OFFICE OF THE CHAIRMAN. |
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBER OWNERS |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF EACH OF WOLVERINE'S MEMBERS APPOINTS TWO OF THEIR DIRECTORS TO SERVE ON WOLVERINE'S BOARD. |
| FORM 990, PART VI, SECTION A, LINE 7B | WHILE WOLVERINE'S BOARD OF DIRECTORS ARE EMPOWERED TO MAKE MOST BUSINESS DECISIONS, A FEW KEY DECISIONS MUST BE MADE BY A MAJORITY VOTE OF WOLVERINE'S MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE CFO AND CONTROLLER REVIEWED FORM 990 IN OCTOBER 2014 IN DETAIL. THE VICE PRESIDENT OF HUMAN RESOURCES REVIEWED THE EMPLOYEE COMPENSATION INFORMATION IN DETAIL IN OCTOBER 2014. THE PRESIDENT/CEO REVIEWED THE GENERAL CONTENT OF FORM 990 IN OCTOBER 2014. THE 990 WAS DISTRIBUTED TO EACH BOARD MEMBER FOR THEIR REVIEW IN OCTOBER 2014 PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD REVIEWS AND APPROVES THE CEO'S COMPENSATION ON AN ANNUAL BASIS UTILIZING AN INDEPENDENT CONSULTANT WHO PROVIDES DATA FROM A VARIETY OF NATIONAL COMPENSATION SURVEYS THAT FOCUS ON ELECTRIC UTILITIES INCLUDING GENERATION AND TRANSMISSION COOPERATIVES. SALARIES FOR ALL NON-UNION EMPLOYEES ARE DETERMINED INDIVIDUALLY ON AN ANNUAL BASIS FOLLOWING A FORMAL EMPLOYEE EVALUATION. SALARY RANGES ARE REVIEWED EVERY OTHER YEAR BY AN INDEPENDENT CONSULTANT TO ENSURE INTERNAL PAY EQUITY AND EXTERNAL COMPETITIVENESS. COMPENSATION SURVEYS ARE UTILIZED IN DETERMINING SALARY RANGES FOR NON-UNION EMPLOYEES. THE MOST RECENT YEAR THIS PROCESS WAS UNDERTAKEN WAS 2012. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FORM 990 IS AVAILABLE UPON REQUEST. THE ORGANIZATION DOES NOT MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XI, LINE 9: | CHANGE IN POST-RETIREMENT LIABILITY 292,773. RETIREMENT OF PATRONAGE CAPITAL -3,575,000. |
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