2025-06-18T17:48:30-05:00 2024-12-31 990292355 KKDLY LLC 745 FORT ST STE 2100 HONOLULU HI 96813 990 2024-01-01 237438736 CANADA-FRANCE-HAWAII TELESCOPE CORP CANA 8088857944 65-1238 MAMALAHOA HWY KAMUELA HI 96743 TRACY YOST CFO 8088857944 2025-06-17 0 0 QIANYING NICHOLS P01236169 8085213962 2025-06-17 2024 2025-03-06 01:10:19Z TRACY YOST 65-1238 MAMALAHOA HWY KAMUELA HI 96743 9953892 0 X WWW.CFHT.HAWAII.EDU X 1974 HI OPERATE 3.6 METER ASTRONOMICAL TELESCOPE TO FURTHER THE KNOWLEDGE AND UNDERSTANDING OF THE UNIVERSE THROUGH SCIENTIFIC REASEARCH, STUDIES, EDUCATION, AND DISSEMINATION OF SUCH KNOWLEDGE. 10 10 48 15 0 0 8904724 8846793 742392 804295 152350 258209 0 0 9799466 9909297 13169 30379 0 0 7254373 7150403 0 0 24418 3049928 3634382 10317470 10815164 -518004 -905867 13863720 13004088 948943 977668 12914777 12026420 X OPERATE 3.6 METER ASTRONOMICAL TELESCOPE TO FURTHER THE KNOWLEDGE AND UNDERSTANDING OF THE UNIVERSE THROUGH SCIENTIFIC RESEARCH, STUDIES, EDUCATION, AND DISSEMINATION OF SUCH KNOWLEDGE. 0 0 8284130 30379 804295 SEE SCHEDULE O 716190 SEE SCHEDULE O SEE SCHEDULE O 9000320 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 1 48 1 0 1 CA 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 HI X TRACY YOST 8088857944 65-1238 MAMALAHOA HWY KAMUELA HI 96743 X DAVID LONBORG DIRECTOR 3.00 X 0 0 0 THIERRY CONTINI DIRECTOR 3.00 X 0 0 0 CLAIRE MOUTOU DIRECTOR 3.00 X 0 0 0 J-J KAVELAARS DIRECTOR 3.00 X 0 0 0 LAURA FERRARESE DIRECTOR 3.00 X 0 0 0 STEFI BAUM DIRECTOR 3.00 X 0 0 0 HERVE AUSSEL SECRETARY 3.00 X 0 0 0 DOUGLAS SIMONS TREASURER 3.00 X 0 0 0 MARTIN GIARD VICE CHARMAN 3.00 X 0 0 0 MICHAEL BALOGH CHAIRMAN 3.00 X 0 0 0 JEAN GABRIEL CUBY EXECUTIVE DIRECTOR 50.00 X 233144 0 56312 TRACY YOST CFO 50.00 X 197565 0 54122 NADINE MANSET DIRECTOR OF SCIENCE 50.00 X 171649 0 45943 KEVIN HO DIRECTOR OF ENGINEERING 50.00 X 184110 0 52604 ANDREW SHEINIS DIRECTOR OF MSE OPERATION 50.00 X 163452 0 54135 GREGORY BARRICK OPTICAL ENGINEER 50.00 X 168612 0 53456 TOM VERMEULEN SOFTWARE MANAGER 50.00 X 164146 0 51528 MARC BARIL ELECTRONICS ENGINEER 50.00 X 191811 0 49561 DANIEL DEVOST RESIDENT ASTRONOMER 50.00 X 188377 0 59378 1662866 0 477039 24 0 1 0 MAUNAKEA SHARED SERVICES 640 N AOHOKU PLACE HILO HI 96720 SUMMIT/H.P. SUPPORT 194068 LAWSON & ASSOCIATES INC PO BOX 700280 KAPOLEI HI 96709 SAFETY SUPPORT 119474 2 8845793 1000 8846793 CONTRACT REVENUE 541700 723753 723753 MISC DIRECT REIMB 541700 74757 74757 EDUCATIONAL MATERIALS 541900 5785 5785 804295 299704 299704 3100 44595 -41495 -41495 -41495 9909297 804295 0 258209 17120 17120 11400 11400 1859 1859 995451 512254 468710 14487 4408101 3948480 451379 8242 492388 437862 54526 870808 740237 130571 383655 322032 61623 90325 90325 91304 91304 7464 7464 618186 442996 175190 58005 38655 19350 153956 152812 1144 410940 410372 568 264343 151232 111422 1689 67993 52160 15833 1174334 1169892 4442 73081 40972 32109 TECHNICAL AND OTHER SUP 329417 322496 6921 MAINTENANCE AND REPAIRS 102878 101569 1309 CAMP MEALS AND LODGING 18552 18552 FEES, TAXES AND LICENCE 9934 4052 5882 163670 103316 60354 10815164 9000320 1790426 24418 3648150 3388668 14026 37036 291606 556084 26930 21544 42516158 36163048 7320669 6353110 2562339 2647646 13863720 13004088 837108 940558 111835 37110 948943 977668 X 12718278 11844612 196499 181808 12914777 12026420 13863720 13004088 -905867 17510 0 X 0 1 X 1 0 X 9592102 8445025 8591401 8904724 8846793 44380045 9592102 8445025 8591401 8904724 8846793 44380045 44380045 53543 49315 51303 225041 299704 678906 45058951 3516880 0.98490 0.98970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 303703 303703 15180878 12322950 2857928 26954144 23840098 3114046 77433 77433 6353110 X 10503658 17510 584315 601825 9901833 7464 7464 9909297 11392015 584315 584315 10807700 7464 7464 10815164 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE, AS EVIDENCED BY ITS TAX DETERMINATION LETTER DATED JANUARY 27, 1976 AND IS GENERALLY NOT SUBJECT TO FEDERAL INCOME TAXES. HOWEVER, THE CORPORATION IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM TRADE OR BUSINESS, REGULARLY CARRIED ON AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED, AS IT IS THE OPINION OF MANAGMENT THAT NET INCOME FROM ANY UNRELATED TRADE OR BUSINESS, IF ANY, IS NOT MATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. THE CORPORATION DETERMINES WHETHER A TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY RELATED APPEALS OF LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. FOR TAX POSITIONS MEETING THE MORE-LIKELY-THAN-NOT THRESHOLD, THE TAX AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVENT TAXING AUTHORITY. WITH FEW EXCEPTIONS, THE CORPORATION IS NO LONGER SUBJECT TO US FEDERAL EXAMINATIONS BY TAX AUTHORITIES THROUGH THE YEAR ENDED DECEMBER 31, 2020. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE TRAVEL, COLLABORATION 15290 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE PRINTING & OTHERS - ASTRO EDUCATIONAL MATERIALS & OTHERS 24809 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICE TRAVEL, COLLABORATION 38971 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICE TRAVEL, COLLABORATION 44073 0 0 0 0 0 0 123143 0 123143 0 0 0 0 0 0 0 HOKUALA SCHOLARSHIP/RESEARCH FELLOWSHIP 2 11400 X X X X 0 0 0 0 0 0 0 0 0 JEAN GABRIEL CUBY EXECUTIVE DIRECTOR 233144 0 0 0 0 0 27696 0 28616 0 289456 0 0 0 TRACY YOST CFO 195565 0 2000 0 0 0 23882 0 30240 0 251687 0 0 0 DANIEL DEVOST RESIDENT ASTRONOMER 162711 0 2000 0 23666 0 19440 0 39938 0 247755 0 0 0 MARC BARIL ELECTRONICS ENGINEER 166645 0 1500 0 23666 0 19956 0 29605 0 241372 0 0 0 KEVIN HO DIRECTOR OF ENGINEERING 182610 0 1500 0 0 0 21336 0 31268 0 236714 0 0 0 GREGORY BARRICK OPTICAL ENGINEER 167112 0 1500 0 0 0 20340 0 33116 0 222068 0 0 0 NADINE MANSET DIRECTOR OF SCIENCE 170649 0 1000 0 0 0 20520 0 25423 0 217592 0 0 0 ANDREW SHEINIS DIRECTOR OF MSE OPERATION 161952 0 1500 0 0 0 19775 0 34360 0 217587 0 0 0 TOM VERMEULEN SOFTWARE MANAGER 162146 0 2000 0 0 0 19560 0 31968 0 215674 0 0 0 PART I, LINE 3 THE SALARIES ARE BASED UPON MARKET BASED COMPARISONS OF SIMILAR INDUSTRIES AND INSTITUTIONS IN WHICH WE COMPETE FOR EMPLOYEES. EACH POSITION WITHIN THE COMPANY HAS MARKET BASED COMPENSATION BANDS THAT ARE REVIEWED AND UPDATED ANNUALLY. THE COMPENSATION BANDS ARE BASED ON LOCAL AND REGIONAL SALARY SURVEYS FROM VARIETY OF SOURCES. COMPENSATION WITHIN THE BANDS FROM LOW TO HIGH IS DEPENDENT ON A VARIETY OF FACTORS - CAREER EXPERIENCE, TENURE WITHIN THE COMPANY, JOB PERFORMANCE, ETC. FORM 990, PART III, LINE 4A: OBSERVATORY OPERATIONS CANADA-FRANCE-HAWAII TELESCOPE (CFHT) IS A HIGH-TECH SERVICE PROVIDER DELIVERING EXQUISITE ASTRONOMICAL DATA LEADING TO SCIENTIFIC DISCOVERIES AT THE FOREFRONT OF TODAY'S ASTRONOMY. CFHT OPERATES, MAINTAINS, AND DEVELOPS STATE-OF-THE-ART INSTRUMENTATION ON ITS TELESCOPE LOCATED AT THE TOP OF MAUNAKEA IN HAWAI'I, ONE OF THE BEST SITES IN THE WORLD FOR ASTRONOMICAL RESEARCH, SERVICING THE SCIENTIFIC COMMUNITIES FROM CANADA, FRANCE, AND HAWAI'I, AND THROUGH COLLABORATIVE AGREEMENTS WITH TAIWAN AND CHINA. IN ADDITION, CFHT HAS TRAINED STAFF MEMBERS WHO PERFORM ALL SCIENTIFIC OBSERVATIONS ON BEHALF OF ITS ASTRONOMICAL COMMUNITY AND PROCESS THE DATA STEMMING FROM THOSE OBSERVATIONS. FOR EACH OF THE 366 NIGHTS OF 2024, THE SCHEDULE HAD ONE INSTRUMENT ON THE TELESCOPE AND ACQUIRED DATA AS WEATHER PERMITTED. IN ADDITION TO THREE LARGE PROGRAMS INVOLVING DOZENS OF SCIENTISTS FROM COMMUNITIES WORLDWIDE, CFHT PERFORMED OBSERVATIONS FOR OVER 100 PROPOSALS, REPRESENTING HUNDREDS OF ACTIVE COLLABORATORS. SOME OF THESE PROPOSALS WERE FROM HIGH SCHOOL STUDENTS PARTICIPATING IN THE MAUNAKEA SCHOLARS PROGRAM. ALSO IN 2024, A LITTLE OVER 200 PUBLICATIONS APPEARED IN REFEREED SCIENTIFIC JOURNALS BASED ON PRIOR YEARS' OBSERVATIONS AT CFHT. CFHT'S COMMUNICATION AND OUTREACH PROGRAM PLAYS AN IMPORTANT ROLE IN THE LOCAL COMMUNITY VIA ITS EDUCATIONAL ACTIVITIES IN NEIGHBORING SCHOOLS AND CULTURAL CENTERS. THIS APPROACH IS THREEFOLD: (1) SHOWCASE CFHT'S STAFF, SCIENCE, AND INSTRUMENTATION, (2) ENGAGE, EXCITE, AND INSPIRE HAWAI'I ISLAND KEIKI AND THEIR FAMILIES, AND (3) EXPAND CFHT'S OUTREACH PRESENCE IN OUR PARTNER COUNTRIES. CFHT SUPPORTED THREE MAJOR OUTREACH INITIATIVES AIMED AT LOCAL STUDENTS. CFHT CONTINUES TO WORK WITH THE "JOURNEY THROUGH THE UNIVERSE" PROGRAM, SUPPORTING CLASSROOM VISITS FOR STUDENTS ACROSS HAWAI'I ISLAND. TEACHERS SELECT A TOPIC FOR THEIR CLASSROOM. TOPICS EITHER SUPPORT EDUCATIONAL STANDARDS, FOR EXAMPLE REINFORCING CONTENT LIKE PHASES OF THE MOON, HOW STARS MOVE ACROSS THE SKY, ETC., OR FOCUS ON STUDENT INTERESTS (BLACK HOLES, EXOPLANETS, ETC.). THE SECOND INITIATIVE WAS THE MAUNAKEA SCHOLARS PROGRAM, WHICH GAVE STUDENTS FROM THIRTEEN HAWAI'I HIGH SCHOOLS THE OPPORTUNITY TO COMPETE FOR ACTUAL TELESCOPE OBSERVING TIME. THIRTY-FIVE (35) STUDENTS FROM SEVEN HIGH SCHOOLS RECEIVED TELESCOPE TIME DURING 2024. THE THIRD INITIATIVE WAS CENTERED AROUND THE CELEBRATION OF CFHT'S 45TH ANNIVERSARY DAY. THE CELEBRATION INCLUDED A PUBLIC EVENT AND PRESS COVERAGE. STAFF PARTICIPATED IN THE WAIMEA SOLAR SYSTEM WALK WHICH INCLUDED A BIRTHDAY PARTY FOR CFHT, ASTRO DAY IN HILO AND KONA, WINTER STAR PARTY, WAIMEA CHRISTMAS PARADE, CLASSROOM VISITS, SUMMIT TOURS, AND OTHER COMMUNITY ACTIVITIES. PROGRAM SERVICE EXPENSES INCLUDE REIMBURSED EXPENSES OF $723,753 FOR ASTRONOMER SERVICES (REIMBURSED ASTRONOMER SERVICES), AND $80,542 IN MISCELLANEOUS DIRECT REIMBURSED EXPENSES RELATED TO CARRYING OUT ASTRONOMICAL RESEARCH ON MAUNAKEA FORM 990, PART III, LINE 4B: MAUNAKEA SPECTOGRAPHIC EXPLORER (MSE) PROJECT IN 2024, THE MSE PROJECT OFFICE CONTINUED TO DEVELOP THE MSE TELESCOPE DESIGN IN ADVANCE OF A FEASIBILITY REVIEW. IN PARALLEL, THE DECISION WAS MADE TO EXPAND THE FUNDING EFFORTS FOR THE PROJECT. OUR KEY EFFORTS DURING THE YEAR INCLUDED SUBMITTING GRANT APPLICATIONS TO THE NATIONAL SCIENCE FOUNDATION FOR DEVELOPMENT FUNDS TO BUILD A CFHT/MSE IFU INSTRUMENT THAT IS CONSISTENT WITH THE SCIENCE CAPABILITIES AND THE ASTRO2020 SURVEY REPORT. IN PARALLEL WITH THIS, THE MSE PROJECT OFFICE CO-PROPOSED WITH THE LAS CUMBRES OBSERVATORY FOR NSF FUNDING TO DEVELOP THE SOFTWARE PLATFORMS REQUIRED FOR CFHT TO BECOME PART OF THE AEON NETWORK. THAT PROPOSAL WAS SUCCESSFUL AND IS A THREE-YEAR EFFORT STARTING IN JANUARY 2025 WITH CFHT AS A SUB-AWARDEE. THIS WORK IS CONSISTENT WITH THE ASTRO2020 RECOMMENDATIONS AND THE FUTURE PLAN FOR MSE. IN NOVEMBER 2021, THE U.S. ASTRO2020 SURVEY REPORT WAS RELEASED, RECOGNIZING THAT MSE MATCHES TWO OF THE THREE GROUND-BASED SCIENTIFIC CAPABILITIES NEEDED IN THE U.S. ASTRONOMICAL COMMUNITY. FORM 990, PART III, LINE 4C: IN 2024, ALL OUR STATE-OF-THE-ART INSTRUMENTS WERE AVAILABLE TO THE CFHT COMMUNITY. WE OPERATE FIVE INSTRUMENTS REMOTELY DURING NORMAL OPERATIONS, WHICH ALSO INCLUDES TWO BENCHMARK SURVEYS: (1) TO DISCOVER NEARBY EARTH-LIKE PLANETS IN THE HABITABLE ZONE OF THE MOST NEARBY STARS, AND (2) TO ANSWER SOME OF THE MOST FUNDAMENTAL QUESTIONS IN ASTRONOMY ABOUT THE PROPERTIES OF DARK MATTER AND DARK ENERGY, THE GROWTH OF STRUCTURE IN THE UNIVERSE FROM GALACTIC TO GALAXY CLUSTER SCALES, AND THE ASSEMBLY OF THE MILKY-WAY, AND (3) TO DISCOVER, TRACK, AND CHARACTERIZE SMALL SOLAR SYSTEM OBJECTS BEYOND THE ORBIT OF NEPTUNE TO TEST PLANET FORMATION MODELS CFHT OPERATED AT FULL CAPACITY IN 2024. FORM 990, PART VI, SECTION A, LINE 6 CFHT WAS FORMED UNDER A TRIPARTITE AGREEMENT BETWEEN THE NATIONAL RESEARCH COUNCIL (NRC) OF CANADA, THE CENTRE NATIONAL DE LA RECHERCHE SCIENTIFIQUE (CNRS) OF FRANCE, AND THE UNIVERSITY OF HAWAI'I (UH). THESE THREE INSTITUTIONS ARE THE MEMBERS OF THE CORPORATION, REFERRED TO AS THE MEMBER AGENCIES. NRC AND CNRS ARE BOTH GOVERNMENT-FUNDED, RESEARCH AGENCIES OF THEIR RESPECTIVE COUNTRIES. THE UH IS A PUBLIC SYSTEM OF HIGHER EDUCATION IN THE STATE OF HAWAI'I. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER AGENCIES APPOINT THE MEMBERS OF THE GOVERNING BODY (BOARD OF DIRECTORS). NRC AND CNRS EACH APPOINT FOUR DIRECTORS AND THE UH APPOINTS TWO DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SUBMITTED TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS TO REVIEW THE FORM AND RECONCILE THE FINANCIAL AMOUNTS TO THE AUDITED FINANCIAL STATEMENTS. ONCE THIS PROCESS IS COMPLETE, MANAGEMENT SUBMITS THE FORM 990 TO THE BOARD OF DIRECTORS FOR THEIR ADDITIONAL REVIEW, ALONG WITH THE AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C COMPANY POLICY REQUIRES ALL MEMBERS OF THE GOVERNING BODY AND KEY EMPLOYEES TO DISCLOSE CONFLICTS OF INTEREST ANNUALLY ON A SIGNED STATEMENT. THESE STATEMENTS ARE REVIEWED BY MANAGEMENT FOR COMPLIANCE. IF A CONFLICT IS DISCOVERED, IT IS ESCALATED TO THE APPROPRIATE PARTY WITHIN THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 15 (A) THE CURRENT EXECUTIVE DIRECTOR (ED), DR. JEAN-GABRIEL CUBY, BEGAN HIS TERM ON JULY 15, 2022. HIS SALARY WAS DETERMINED BY COMPARABLE MARKET DATA FROM SIMILAR INSTITUTIONS AND DELIBERATION BY THE BOARD OF DIRECTORS. EVERY TWO YEARS THE BOARD OF DIRECTORS CONDUCTS AN EVALUATION OF THE ED'S PERFORMANCE AND REEVALUATES THE COMPENSATION BASED ON MARKET DATA AND JOB PERFORMANCE, ADJUSTING AS DEEMED APPROPRIATE. THE ACTIONS ARE DOCUMENTED BY CONTEMPORANEOUS SUBSTANTIATION WITH AUTHORIZATIONS NOTED IN THE BOARD MINUTES. 15(B) THE SALARIES OF OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE EXECUTIVE DIRECTOR BASED UPON MARKET-BASED COMPARISONS OF SIMILAR INDUSTRIES AND INSTITUTIONS IN WHICH WE COMPETE FOR EMPLOYEES. EACH POSITION WITHIN THE COMPANY HAS MARKET-BASED COMPENSATION BANDS THAT ARE REVIEWED AND UPDATED ANNUALLY. THE COMPENSATION BANDS ARE BASED ON LOCAL AND REGIONAL SALARY SURVEYS FROM VARIETY OF SOURCES. COMPENSATION WITHIN THE BANDS FROM LOW TO HIGH IS DEPENDENT ON A VARIETY OF FACTORS - CAREER EXPERIENCE, TENURE WITHIN THE COMPANY, JOB PERFORMANCE, ETC. ALL EMPLOYEES HAVE AN ANNUAL REVIEW WHICH INCLUDES A DETERMINATION OF COMPENSATIONS ADJUSTMENTS. COMPENSATION INCREASES CONSIST OF A COST OF LIVING ADJUSTMENT AND A MERIT-BASED ADJUSTMENT. THE COST-OF-LIVING ADJUSTMENT IS APPLIED TO ALL EMPLOYEES BASED ON LOCATION INFLATION AND MARKET-BASED INDICATORS. MERIT-BASED INCREASES ARE CONSIDERED FOR EACH EMPLOYEE BASED ON PERFORMANCE, EXPERIENCE AND PROFESSIONAL SKILLS DEVELOPMENT EXHIBITED BY THE EMPLOYEE. ALL PAY INCREASES ARE APPROVED BY THE BOARD OF DIRECTORS BEFORE IMPLEMENTATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII COMPENSATION EXPLANATION HERVE AUSSEL REIMBURSED UNDER AN ACCOUNTABLE PLAN FOR TRAVEL EXPENSES INCURRED TO ATTEND ANNUAL BOARD OF DIRECTOR'S MEETING. MICHAEL BALOGH REIMBURSED UNDER AN ACCOUNTABLE PLAN FOR TRAVEL EXPENSES INCURRED TO ATTEND ANNUAL BOARD OF DIRECTOR'S MEETING. DOUGLAS SIMONS REIMBURSED UNDER AN ACCOUNTABLE PLAN FOR TRAVEL EXPENSES INCURRED TO ATTEND ANNUAL BOARD OF DIRECTOR'S MEETING. J-J KAVELAARS REIMBURSED UNDER AN ACCOUNTABLE PLAN FOR TRAVEL EXPENSES INCURRED TO ATTEND ANNUAL BOARD OF DIRECTOR'S MEETING. MARTIN GIARD REIMBURSED UNDER AN ACCOUNTABLE PLAN FOR TRAVEL EXPENSES INCURRED TO ATTEND ANNUAL BOARD OF DIRECTOR'S MEETING. CLAIRE MOUTOU REIMBURSED UNDER AN ACCOUNTABLE PLAN FOR TRAVEL EXPENSES INCURRED TO ATTEND ANNUAL BOARD OF DIRECTOR'S MEETING. THIERRY CONTINI REIMBURSED UNDER AN ACCOUNTABLE PLAN FOR TRAVEL EXPENSES INCURRED TO ATTEND ANNUAL BOARD OF DIRECTOR'S MEETING. DAVID LONBORG REIMBURSED UNDER AN ACCOUNTABLE PLAN FOR TRAVEL EXPENSES INCURRED TO ATTEND ANNUAL BOARD OF DIRECTOR'S MEETING. LAURA FERRARESE REIMBURSED UNDER AN ACCOUNTABLE PLAN FOR TRAVEL EXPENSES INCURRED TO ATTEND ANNUAL BOARD OF DIRECTOR'S MEETING. STEFI BAUM REIMBURSED UNDER AN ACCOUNTABLE PLAN FOR TRAVEL EXPENSES INCURRED TO ATTEND ANNUAL BOARD OF DIRECTOR'S MEETING.