| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERSHIP IN JEDEC IS AVAILABLE TO ANY COMPANY, ORGANIZATION, CONSUMER, OR INDIVIDUAL CONDUCTING BUSINESS THAT ITSELF OR THROUGH A RELATED ENTITY MANUFACTURES ELECTRONIC EQUIPMENT OR ELECTRONICS-RELATED PRODUCTS, OR PROVIDES ELECTRONICS OR ELECTRONICS-RELATED SERVICES. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER COMPANY, ORGANIZATION, OR INDIVIDUAL IS ENTITLED TO APPOINT ONE REPRESENTATIVE AND MULTIPLE ALTERNATES FOR EACH COMMITTEE IT JOINS. ANY MAXIMUM DUES PAYING MEMBER COMPANY WITH AN IDENTIFIED REPRESENTATIVE IN TWO OR MORE COMMITTEES FOR AT LEAST THE PAST TWO CONSECUTIVE YEARS MAY NOMINATE ONE CANDIDATE TO SERVE ON THE BOARD OF DIRECTORS. NEW BOARD DIRECTORS ARE ELECTED BY A 75% MAJORITY VOTE OF CURRENT BOARD MEMBERS. OFFICER POSITIONS ON THE BOARD ARE ELECTED BY THE MEMBERS OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS REVIEWED BY MANAGEMENT PRIOR TO BEING FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | JEDEC MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS DISTRIBUTED TO ALL STAFF AND MEMBERS OF THE BOARD OF DIRECTORS. THE CONFLICT OF INTEREST POLICY IS REVIEWED AT THE FIRST BOARD MEETING OF EACH YEAR, AT WHICH TIME BOARD MEMBERS ARE REQUIRED TO CONFIRM THEIR COMPLIANCE WITH THE POLICY. THE BOARD EVALUATES WHETHER A CONFLICT EXISTS BASED ON THE FINANCIAL INTEREST AND ANY MATERIAL FACTS OF AN INTERESTED PERSON. THE INTERESTED PERSON IS RECUSED FROM THE MEETING WHILE THE DETERMINATION OF A CONFLICT IS DISCUSSED AND VOTED UPON BY DISINTERESTED BOARD MEMBERS. SHOULD A CONFLICT ARISE, THE BOARD SHALL DETERMINE WHETHER JEDEC CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE, THE BOARD SHALL DECIDE WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT, GIVEN IT IS IN JEDEC'S BEST INTEREST AND IT IS FAIR AND REASONABLE. ALL PROCEEDINGS AND DECISIONS ARE DOCUMENTED IN MEETING MINUTES. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COMPENSATION OF THE PRESIDENT IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE, AN INDEPENDENT BODY. TO DETERMINE A FAIR AND COMPETITIVE COMPENSATION LEVEL, JEDEC ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT, REVIEWS THIRD-PARTY COMPENSATION SURVEYS, AND EXAMINES FORM 990 FILINGS FROM COMPARABLE ORGANIZATIONS. THESE SOURCES PROVIDE COMPARABILITY DATA TO SUPPORT THE REASONABLENESS OF THE COMPENSATION. THE REVIEW AND APPROVAL PROCESS IS DOCUMENTED THROUGH WRITTEN RECORDS, INCLUDING EMAIL CORRESPONDENCE AND ANNUAL PERSONNEL ACTION FORMS SIGNED BY BOTH JEDEC HUMAN RESOURCES AND THE CHAIR OF THE BOARD. THE MOST RECENT COMPENSATION REVIEW WAS COMPLETED IN NOVEMBER 2024. |
| FORM 990, PART VI, SECTION C, LINE 19 | JEDEC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). |
| FORM 990, PART IX, LINE 11G | CONSULTANTS 685,662. PROFESSIONAL SERVICES 23,613. HR OUTSOURCING 48,000. |
| FORM 990, PART XII, LINE 2C: | THE OVERSIGHT PROCESS REMAINS UNCHANGED FROM THE LAST YEAR THE ORGANIZATION UNDERWENT AN AUDIT. |
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