2026-04-22T12:29:46-05:00 2025-12-31 990292355 KKDLY LLC 745 FORT ST STE 2100 HONOLULU HI 96813 990 2025-01-01 237438736 CANADA-FRANCE-HAWAII TELESCOPE CORP CANA 8088857944 65-1238 MAMALAHOA HWY KAMUELA HI 96743 TRACY YOST CFO 8088857944 2026-04-21 0 QIANYING NICHOLS P01236169 8085213962 2026-04-21 2025 2025-03-06 01:10:19Z TRACY YOST 65-1238 MAMALAHOA HWY KAMUELA HI 96743 9623931 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 43 15 0 0 8846793 8502031 804295 880573 258209 -271281 0 0 9909297 9111323 30379 20038 0 0 7150403 6490127 0 0 19761 3634382 3526771 10815164 10036936 -905867 -925613 13004088 12468719 977668 1265606 12026420 11203113 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 8268524 20038 880573 SEE SCHEDULE O 194148 SEE SCHEDULE O SEE SCHEDULE O 8462672 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 10 0 1 43 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 MICHAEL BALOGH CHAIRMAN 3.00 X X 0 0 0 MARTIN GIARD VICE CHARMAN 3.00 X X 0 0 0 DOUGLAS SIMONS TREASURER 3.00 X X 0 0 0 HERVE AUSSEL SECRETARY 3.00 X X 0 0 0 J-J KAVELAARS DIRECTOR 3.00 X 0 0 0 CLAIRE MOUTOU DIRECTOR 3.00 X 0 0 0 ANTHONY CEKIC DIRECTOR 3.00 X 0 0 0 DAVID LONBORG DIRECTOR 3.00 X 0 0 0 LUC SIMARD DIRECTOR 3.00 X 0 0 0 STEFI BAUM DIRECTOR 3.00 X 0 0 0 JEAN-GABRIEL CUBY EXECUTIVE DIRECTOR 50.00 X 237724 0 60278 TRACY YOST CFO 50.00 X 203000 0 56189 KEVIN HO DIRECTOR OF ENGINEERING 50.00 X 185000 0 55889 NADINE MANSET DIRECTOR OF SCIENCE 50.00 X 179000 0 49206 DANIEL DEVOST RESIDENT ASTRONOMER 50.00 X 216050 0 64105 GREGORY BARRICK OPTICAL ENGINEER 50.00 X 178277 0 57564 MARC BARIL ELECTRONICS ENGINEER 50.00 X 172440 0 53546 TOM VERMEULEN SOFTWARE ENGINEER 50.00 X 165000 0 49704 WILLIAM MAHONEY SOFTWARE MANAGER 50.00 X 160100 0 48042 1696591 0 494523 22 0 1 0 MAUNAKEA SHARED SERVICES 640 N AOHOKU PLACE HILO HI 96720 SUMMIT/H.P. SUPPORT 223661 LAWSON & ASSOCIATES INC PO BOX 700280 KAPOLEI HI 96709 SAFETY SUPPORT 206526 2 8501978 53 8502031 CONTRACT REVENUE 541700 737018 737018 MISC DIRECT REIMB 541700 138332 138332 EDUCATIONAL MATERIALS 541900 5223 5223 880573 236627 236627 4700 512608 -507908 -507908 -507908 9111323 880573 0 -271281 8135 8135 10000 10000 1903 1903 1024286 527748 481375 15163 3870087 3405758 460290 4039 445920 390654 55266 791466 662608 128858 358368 294960 63408 29709 29709 109099 1395 107704 8383 8383 665264 687375 -22111 58103 35727 22376 138009 132429 5580 381160 380609 551 162751 69265 92927 559 42510 31727 10783 1185014 1180310 4704 71937 39724 32213 TECHNICAL AND OTHER SUP 296193 285738 10455 MAINTENANCE AND REPAIRS 187752 185572 2180 CAMP MEALS AND LODGING 31629 31629 FEES, TAXES AND LICENCE 5327 3717 1610 153931 95689 58242 10036936 8462672 1554503 19761 3388668 3158761 37036 57208 556084 770913 21544 16158 41603745 36191818 6353110 5411927 2647646 3053752 13004088 12468719 940558 850514 37110 415092 977668 1265606 X 11844612 11060402 181808 142711 12026420 11203113 13004088 12468719 -925613 102306 0 X 0 1 X 1 0 X 8445025 8591401 8904724 8846793 8502031 43289974 8445025 8591401 8904724 8846793 8502031 43289974 43289974 49315 51303 225041 299704 236627 861990 44151964 3831197 0.98050 0.98490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 303703 303703 15199515 12755745 2443770 25766125 23436073 2330052 334402 334402 5411927 X 10126886 102306 921640 1023946 9102940 8383 8383 9111323 10950193 921640 921640 10028553 8383 8383 10036936 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, 2021. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE TRAVEL, COLLABORATION 14739 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE PRINTING & OTHERS - ASTRO EDUCATIONAL MATERIALS & OTHERS 23904 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICE TRAVEL, COLLABORATION 67342 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICE TRAVEL, COLLABORATION 4783 0 0 0 0 0 0 110768 0 110768 0 0 0 0 0 0 0 UH HILO SCHOLARSHIP 1 10000 X X X X 0 0 0 0 0 0 0 0 0 JEAN-GABRIEL CUBY EXECUTIVE DIRECTOR 237724 0 0 0 0 0 28527 0 31751 0 298002 0 0 0 DANIEL DEVOST RESIDENT ASTRONOMER 188925 0 1000 0 26125 0 19536 0 44569 0 280155 0 0 0 TRACY YOST CFO 203000 0 0 0 0 0 24360 0 31829 0 259189 0 0 0 KEVIN HO DIRECTOR OF ENGINEERING 185000 0 0 0 0 0 22200 0 33689 0 240889 0 0 0 GREGORY BARRICK OPTICAL ENGINEER 174277 0 4000 0 0 0 21000 0 36564 0 235841 0 0 0 NADINE MANSET DIRECTOR OF SCIENCE 177000 0 2000 0 0 0 21240 0 27966 0 228206 0 0 0 MARC BARIL ELECTRONICS ENGINEER 170440 0 2000 0 0 0 20376 0 33170 0 225986 0 0 0 TOM VERMEULEN SOFTWARE ENGINEER 164000 0 1000 0 0 0 19680 0 30024 0 214704 0 0 0 WILLIAM MAHONEY SOFTWARE MANAGER 158600 0 1500 0 0 0 19032 0 29010 0 208142 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 356 OF THE 365 NIGHTS OF 2025, THE SCHEDULE HAD ONE OF OUR 5 INSTRUMENTS ON THE TELESCOPE AND ACQUIRED DATA AS WEATHER PERMITTED. DURING THE REMAINING 9 NIGHTS, THE TECHNICAL AND SCIENTIFIC STAFF PERFORMED A SCHEDULED TECHNICAL ACTIVITY TO RECOAT THE PRIMARY MIRROR OF THE TELESCOPE, A SERIES OF TASKS THAT ARE SCHEDULED EVERY 3 YEARS. 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 2025, 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. THE APPROACH SHOWCASES CFHT'S STAFF, SCIENCE, AND INSTRUMENTATION, AND ENGAGES HAWAI'I ISLAND KEIKI AND THEIR FAMILIES. CFHT SUPPORTED OUTREACH INITIATIVES AIMED AT LOCAL STUDENTS. CFHT CONTINUES TO WORK WITH THE "JOURNEY THROUGH THE UNIVERSE" PROGRAM, SUPPORTING CAREER PANELS AND 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.). STAFF MEMBERS VISIT THE LOCAL WAIMEA LIBRARY TWICE A YEAR FOR "ASTRO BASH AND "ENGINEERING BASH", SCIENCE AND ENGINEERING EVENTS THAT INCLUDE INDOOR/OUTDOOR ACTIVITIES, DEMONSTRATIONS, AND DISPLAYS. OLDER STUDENTS WHO PARTICIPATE IN PROGRAMS LIKE THE MAUNAKEA SCHOLARS ARE OFFERED TOURS OF OUR SUMMIT FACILITY, WHILE YOUNGER STUDENTS VISIT OUR HEADQUARTERS IN WAIMEA. OTHER EVENTS OPEN TO THE PUBLIC INCLUDED EVENINGS OF STARGAZING, ASTRO DAY EVENTS IN THE TWO MAJOR CITIES ON THE ISLAND, HILO AND KONA, AND TOURS OF OUR SUMMIT FACILITY. BEYOND EDUCATIONAL OPPORTUNITIES, CFHT STAFF MEMBERS MENTOR STUDENTS AT THE LOCAL SCHOOL AND PARTICIPATE IN FOOD DISTRIBUTION EVENTS OVER THE SUMMER. PROGRAM SERVICE EXPENSES INCLUDE REIMBURSED EXPENSES OF $737,018 FOR ASTRONOMER SERVICES (REIMBURSED ASTRONOMER SERVICES), AND $143,555 IN MISCELLANEOUS DIRECT REIMBURSED EXPENSES RELATED TO CARRYING OUT ASTRONOMICAL RESEARCH ON MAUNAKEA. FORM 990, PART III, LINE 4B: DEVELOPMENT ACTIVITIES - MAUNAKEA SPECTROSCOPIC EXPLORER (MSE) PROJECT IN DECEMBER 2024, THE CFHT BOARD OF DIRECTORS RECOMMENDED NOT APPROVING ANY ADDITIONAL FUNDS FOR MSE ACTIVITIES BEYOND WHAT IS STRICTLY NECESSARY TO RESPONSIBLY AND SAFELY STOP CURRENT OPERATIONS. FOLLOWING THIS RECOMMENDATION, CFHT HALTED ALL MSE ACTIVITIES IN 2025. WHILE MSE REMAINS THE LONG-TERM GOAL FOR THE CFHT SITE, ITS IMMEDIATE FOCUS IS TO ENSURE IT REMAINS A VIABLE OPERATIONAL ENTITY UNTIL MSE CAN COMMENCE UNDER THE NEW ASTRONOMY LEASE AT MAUNAKEA. FORM 990, PART III, LINE 4C: IN 2025, 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 2025. 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 EVALUATES 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 A 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 COMPENSATION 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. ANTHONY CEKIC 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. LUC SIMARD 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.