Additional Information
The Directors of the Society who are elected by the members serve without compensation from the Society.
The audited fiscal 2022-2023 financial statements of the Society, together with comparative figures for 2021-2022, will be available for inspection on the Society's website prior to the Annual Meeting of Members.
In November 2022, the Society's $3,000,000 not-for-profit organization/association directors’ and officers’ liability, entity liability, and employment practices liability insurance policy was renewed. The policy is designed to protect the assets of the Society and insured individuals from liability losses (damages, settlements, judgments, etc.) arising from claims made against the Society and/or the insureds for wrongful acts. An "insured" under the policy includes any individual who was, now is, or shall be a Director, officer, employee, volunteer, or member of any duly constituted committee of the Society. Accordingly, each of the nominees for Director of the Society and all the continuing Directors of the Society listed in this Proxy Statement, among others, are covered by the terms of the policy. Wrongful acts include any actual or alleged error, misstatement, misleading statement, act, omission, neglect, breach of duty, personal injury, infringement of copyright, or plagiarism, by the Society or any insured while in the discharge of his or her duties solely in his or her capacity with the Society. The insurance carrier on this policy is Travelers Casualty and Surety Company of America, domiciled in the state of Connecticut. And carries a rating of A++ by A. M. Best Company, Inc. The cost of this insurance, which is in force during the policy period November 11, 2022 to November 10, 2023 is $5,809, and has been paid in full. As of the date of this Proxy Statement, no amounts have been paid to the Society or to any insured person under the described insurance contract.
By Order of the Board of Directors,
Hope Mehlman, Secretary
Chicago, IL