Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | AISC HOLDINGS, INC. HAS THREE CLASSES OF MEMBERSHIP. IN DESCENDING ORDER, THEY ARE: (A) FULL, (B) ASSOCIATE, AND (C) INDIVIDUAL. (A) FULL MEMBERS: 1) ANY FIRMS OR CORPORATIONS ENGAGED IN THE FABRICATION OF STRUCTURAL STEEL OR IRON (AS DEFINED BY THE AISC CODE OF STANDARD PRACTICE) IN THE UNITED STATES OF AMERICA (THAT IS, THE PRODUCTION FACILITY MUST BE LOCATED WITHIN THE U.S. INCLUDING PUERTO RICO AND ALL PROTECTORATES) MAY BE ADMITTED AS FULL MEMBERS OF AISC HOLDINGS, INC. 2) ANY FIRMS OR CORPORATIONS IN THE UNITED STATES OF AMERICA (THAT IS, THE PRODUCTION FACILITY MUST BE LOCATED WITHIN THE U.S. INCLUDING PUERTO RICO AND ALL PROTECTORATES) ENGAGED IN THE PRODUCTION OF HOT ROLLED STEEL PLATES OR SHAPES OR MANUFACTURING OF HOLLOW STRUCTURAL STEEL SHAPES USED IN THE FABRICATION OF STRUCTURAL STEEL OR IRON MAY BE ADMITTED TO FULL MEMBERSHIP IN AISC HOLDINGS, INC. 3) ANY FIRMS OR CORPORATIONS IN THE UNITED STATES OF AMERICA (THAT IS, THE PRODUCTION FACILITY MUST BE LOCATED WITHIN THE U.S. INCLUDING PUERTO RICO AND ALL PROTECTORATES) ENGAGED IN THE WAREHOUSING AND DISTRIBUTION OF MATERIAL FOR THE FABRICATION OF STRUCTURAL STEEL OR IRON MAY BE ADMITTED TO FULL MEMBERSHIP IN AISC HOLDINGS, INC. THE NATURE OF THEIR RIGHTS CONSIST OF THE FOLLOWING: FULL MEMBERS WILL BE ABLE TO PARTAKE IN THE ANNUAL MEETINGS TO ELECT THE BOARD OF DIRECTORS OF THE OPERATING COMPANY. (B) AT EACH MEETING FULL MEMBERS OF AISC HOLDINGS INC., SHALL BE ENTITLED TO CAST ONE VOTE ABOUT THE ORDER OF BUSINESS IN THE MEETING. (C) FULL MEMBERS, ASSOCIATE MEMBERS, AND INDIVIDUAL MEMBERS ARE NOT ENTITLED TO RECEIVE ANY SHARE OF THE ORGANIZATION'S PROFITS OR EXCESS DUES OR A SHARE OF THE ORGANIZATION'S NET ASSETS UPON THE ORGANIZATION'S DISSOLUTION |
| FORM 990, PART VI, SECTION B, LINE 11B | THE EXTERNAL PUBLIC ACCOUNTING FIRM, SIKICH LLP, PREPARED THE RETURN. SIKICH LLP FORWARDED A DRAFT COPY OF THE 990 TO AISC HOLDINGS, INC., WHERE AISC STAFF REVIEWED INTERNALLY. AISC STAFF FORWARDED THE FINAL COPY OF THE 990 TO THE BOARD OF DIRECTORS OF AISC HOLDINGS INC. AFTER THE BOARD RECEIVES THE RETURN, IT IS FILED BY SIKICH LLP. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD AND COMMITTEE MEMBERS OF AISC HOLDINGS, INC. ARE REQUIRED TO SIGN A CONFLICT OF INTEREST ACKNOWLEDGEMENT EACH YEAR. IF THERE WAS A CONFLICT OF INTEREST IDENTIFIED, THIS CONFLICT WOULD BE DISCLOSED BY THE BOARD/COMMITTEE MEMBER. IN THE EVENT A CONFLICT EXISTS, THE BOARD/COMMITTEE MEMBER IS NOT PERMITTED TO BE INVOLVED IN MEETINGS RELATED TO THE CONFLICT NOR ARE THEY ABLE TO VOTE ON ANY SUBJECT RELATED TO THE CONFLICT. AISC HOLDINGS, INC. HAS NOT HAD ANY CONFLICTS REPORTED. THE CONFLICT OF INTEREST POLICY IS DISPLAYED AND EMPHASIZED AT ALL MEETINGS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE INDEPENDENT COMPENSATION COMMITTEE CONSISTS OF THE CHAIR, VICE CHAIR & IMMEDIATE PAST THREE CHAIRS OF THE OPERATING COMPANY. THE CHAIR SHALL BE THE IMMEDIATE PAST CHAIR OF THE OPERATING COMPANY. THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR APPROVING AND EVALUATING THE COMPENSATION PLANS AND POLICIES OF THE OPERATING COMPANY AS STATED IN THE AISC HOLDINGS, INC. BYLAWS. THE COMMITTEE SHALL ESTABLISH THE SALARY FOR THE AUTHORIZED REPRESENTATIVE OF THE OPERATING COMPANY AND APPROVE THE AVERAGE LEVEL OF ANNUAL INCREASE FOR STAFF POSITIONS THROUGH THE USE OF COMPARABLE DATA. THE AUTHORIZED REPRESENTATIVE AND VICE PRESIDENTS OF THE OPERATING COMPANY DETERMINE THE INCREASES FOR EACH PERSON IN THEIR RESPECTIVE DEPARTMENTS ALSO THROUGH COMPARABLE DATA. THE OVERALL PERCENTAGE INCREASE IS APPROVED BY THE BOARD WHEN THE ANNUAL OPERATING BUDGET IS APPROVED. THE COMPENSATION FOR THE AUTHORIZED REPRESENTATIVE AND STAFF WAS REVIEWED AND INCREASED IN NOVEMBER 2018. ALL COMPENSATION MATTERS WERE CONTEMPORANEOUSLY DOCUMENTED BY THE COMPENSATION COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | AISC HOLDINGS, INC. MAKES ITS ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST TO THE PUBLIC. |
| FORM 990, PART IX, LINE 11G | CONSULTING FEES 644,827. SALES COMMISSIONS 119,937. OUTSIDE SERVICES 9,916. CERTIFICATION AUDIT FEES 3,449,481. |
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