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Object ID: 202143199349328514 - Rendered 2024-05-08
TIN: 36-1892375
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
20
Open to Public Inspection
Name of the organization
UNDERWRITERS LABORATORIES INC
Employer identification number
36-1892375
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
.....
1b
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a?
....
2
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment?
.............
4a
Yes
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
Yes
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
....................
5a
No
b
Any related organization?
.......................
5b
No
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
..................
6a
No
b
Any related organization?
......................
6b
No
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
Yes
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III
..........................
8
No
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2020
Schedule J (Form 990) 2020
Page
2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees.
Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note.
The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A)
Name and Title
(B)
Breakdown of W-2 and/or 1099-MISC compensation
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation in column (B) reported as deferred on prior Form 990
(i)
Base
compensation
(ii)
Bonus & incentive
compensation
(iii)
Other
reportable compensation
1
C Gizzi
VP
(i)
(ii)
211,136
-------------
0
94,052
-------------
0
7,067
-------------
0
10,753
-------------
0
24,010
-------------
0
347,018
-------------
0
-------------
0
2
J Dollive
Trustee
(i)
(ii)
16,920
-------------
176,420
-------------
0
-------------
0
-------------
0
-------------
0
16,920
-------------
176,420
-------------
0
3
R Owen
Trustee
(i)
(ii)
161,920
-------------
0
-------------
0
-------------
0
-------------
0
-------------
0
161,920
-------------
0
-------------
0
4
D Paulison
Trustee
(i)
(ii)
49,500
-------------
111,668
-------------
0
-------------
0
-------------
0
-------------
0
49,500
-------------
111,668
-------------
0
5
J Shannon
Trustee
(i)
(ii)
2,420
-------------
244,086
-------------
0
-------------
0
-------------
0
-------------
0
2,420
-------------
244,086
-------------
0
6
G Williams
Trustee
(i)
(ii)
169,170
-------------
0
-------------
0
-------------
0
-------------
0
-------------
0
169,170
-------------
0
-------------
0
7
K Williams
Former CEO
(i)
(ii)
0
-------------
0
0
-------------
5,878,930
0
-------------
0
0
-------------
2,291,428
0
-------------
0
0
-------------
8,170,358
0
-------------
0
8
C Anschuetz
SVP
(i)
(ii)
0
-------------
6,376
0
-------------
1,519,362
0
-------------
356,235
0
-------------
649
0
-------------
1,058
0
-------------
1,883,680
0
-------------
0
9
S Hewson
SVP
(i)
(ii)
0
-------------
268,191
0
-------------
268,939
0
-------------
13,964
0
-------------
132,018
0
-------------
31,477
0
-------------
714,589
0
-------------
0
10
C Kofman
SVP
(i)
(ii)
0
-------------
0
0
-------------
758,584
0
-------------
163,642
0
-------------
0
0
-------------
0
0
-------------
922,226
0
-------------
0
11
K Szczech
SVP & TREASURER
(i)
(ii)
0
-------------
228,243
0
-------------
518,341
0
-------------
15,637
0
-------------
67,037
0
-------------
28,023
0
-------------
857,281
0
-------------
0
12
D Talka
SVP
(i)
(ii)
0
-------------
0
0
-------------
303,371
0
-------------
0
0
-------------
75,883
0
-------------
0
0
-------------
379,254
0
-------------
0
13
S Jesudas
EVP & CCO
(i)
(ii)
0
-------------
518,825
0
-------------
322,952
0
-------------
63,949
0
-------------
334,782
0
-------------
0
0
-------------
1,240,508
0
-------------
0
14
P Boyle
SVP
(i)
(ii)
0
-------------
135,703
0
-------------
1,338,746
0
-------------
293,485
0
-------------
13,636
0
-------------
0
0
-------------
1,781,570
0
-------------
0
15
G Schjotz
EVP
(i)
(ii)
0
-------------
170,341
0
-------------
0
0
-------------
64,834
0
-------------
304,077
0
-------------
0
0
-------------
539,252
0
-------------
0
16
J Fischer
EVP
(i)
(ii)
0
-------------
261,280
0
-------------
1,087,020
0
-------------
18,663
0
-------------
107,041
0
-------------
32,574
0
-------------
1,506,578
0
-------------
0
17
A Groom
SVP
(i)
(ii)
0
-------------
151,298
0
-------------
1,071,702
0
-------------
55,863
0
-------------
148,911
0
-------------
6,696
0
-------------
1,434,470
0
-------------
0
18
R Olesen
Manager
(i)
(ii)
195,779
-------------
0
32,161
-------------
0
2,839
-------------
0
10,186
-------------
0
26,605
-------------
0
267,570
-------------
0
-------------
0
19
J Chapin
VP
(i)
(ii)
279,132
-------------
0
123,750
-------------
0
8,029
-------------
0
13,971
-------------
0
16,552
-------------
0
441,434
-------------
0
0
-------------
0
20
B Guthrie
VP
(i)
(ii)
0
-------------
228,705
0
-------------
110,527
0
-------------
6,964
0
-------------
11,868
0
-------------
23,152
0
-------------
381,216
0
-------------
21
T Brady
President & CEO
(i)
(ii)
549,298
-------------
0
309,000
-------------
818,311
49,781
-------------
0
412,262
-------------
0
28,777
-------------
0
1,349,118
-------------
818,311
-------------
0
22
S Webster
SVP
(i)
(ii)
0
-------------
290,495
0
-------------
843,508
0
-------------
14,389
0
-------------
77,507
0
-------------
31,913
0
-------------
1,257,812
0
-------------
0
23
W Zhou
EVP
(i)
(ii)
0
-------------
482,058
0
-------------
1,068,989
0
-------------
20,241
0
-------------
532,575
0
-------------
34,298
0
-------------
2,138,161
0
-------------
0
24
M Black
VP
(i)
(ii)
333,931
-------------
165,431
-------------
8,493
-------------
14,250
-------------
16,552
-------------
538,657
-------------
-------------
25
D Wroth
Director
(i)
(ii)
207,739
-------------
0
74,804
-------------
0
1,310
-------------
0
10,783
-------------
0
22,408
-------------
0
317,044
-------------
0
-------------
0
26
P Piqueira
VP
(i)
(ii)
216,125
-------------
0
96,114
-------------
0
7,387
-------------
0
10,815
-------------
0
166
-------------
0
330,607
-------------
0
-------------
0
27
C Correia
SVP
(i)
(ii)
0
-------------
287,785
0
-------------
476,679
0
-------------
48,498
0
-------------
287,540
0
-------------
39,898
0
-------------
1,140,400
0
-------------
0
28
S Kerber
VP
(i)
(ii)
225,678
-------------
0
98,100
-------------
0
7,211
-------------
0
11,757
-------------
0
29,930
-------------
0
372,676
-------------
0
-------------
0
29
R Robinson
EVP & CFO
(i)
(ii)
0
-------------
530,306
0
-------------
350,227
0
-------------
23,176
0
-------------
188,644
0
-------------
35,469
0
-------------
1,127,822
0
-------------
0
30
Z Susice
DIRECTOR
(i)
(ii)
189,359
-------------
0
104,663
-------------
0
852
-------------
0
9,525
-------------
0
2,281
-------------
0
306,680
-------------
0
-------------
0
31
P Khoury
Trustee
(i)
(ii)
159,500
-------------
-------------
-------------
-------------
-------------
159,500
-------------
-------------
32
D Pines
Trustee
(i)
(ii)
161,920
-------------
0
-------------
0
-------------
0
-------------
0
-------------
0
161,920
-------------
0
-------------
0
33
J McLaughlin
EVP & CLO
(i)
(ii)
0
-------------
392,742
0
-------------
201,352
0
-------------
18,367
0
-------------
19,500
0
-------------
0
0
-------------
631,961
0
-------------
0
34
S Bird
Director
(i)
(ii)
192,333
-------------
0
71,877
-------------
0
2,035
-------------
0
9,874
-------------
0
12,104
-------------
0
288,223
-------------
0
-------------
0
35
D Madrzykowski
Director
(i)
(ii)
211,978
-------------
0
80,850
-------------
0
1,284
-------------
0
10,633
-------------
0
1,629
-------------
0
306,374
-------------
0
-------------
0
36
E West
Assist Corp Secretary
(i)
(ii)
-------------
216,000
-------------
-------------
4,629
-------------
10,956
-------------
-------------
231,585
-------------
37
MSaltzman
Former CFO
(i)
(ii)
-------------
-------------
583,520
-------------
-------------
468,843
-------------
-------------
1,052,363
-------------
Schedule J (Form 990) 2020
Schedule J (Form 990) 2020
Page
3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference
Explanation
Part I, Line 4 - Severance, Nonqualified, and Equity-Based Payments
Severance Nonqualified Equity-Based Comp BRADY 0 9,013 0 ROBINSON 0 14,996 0 ZHOU 0 10,393 0 Anschuetz 348,534 0 0 Boyle 265,976 0 0 Kofman 155,142 0 0
Part I, Line 7 - Non-Fixed Payments
THE ORGANIZATION AND ITS WORLDWIDE AFFILIATES HAVE A VARIABLE (NON-GUARANTEED) INCENTIVE PLAN ON A GLOBAL BASIS FOR MANAGEMENT AND HIGH LEVEL INDIVIDUAL CONTRIBUTORS, INCLUDING ALL PERSONS LISTED IN FORM 990, SECTION A. IN ADDITION THE COMPANY HAS A GLOBAL ALL EMPLOYEE INCENTIVE PLAN. BOTH PLANS ARE BASED ON A COMBINATION OF THE COMPANY'S GLOBAL FINANCIAL PERFORMANCE MEASURES, AND DISCRETIONARY INDIVIDUAL ASSESSMENT, AS APPROVED BY THE COMPENSATION COMMITTEE.
Part III - Other Additional Information
THE FOLLOWING OFFICERS AND FORMER OFFICERS WERE COMPENSATED FROM UNDERWRITERS LABORATORIES INC.'S RELATED ORGANIZATION, UL LLC, OR A RELATED FOREIGN AFFILIATE: ANSCHUETZ, BOYLE, GROOM, SALTZMAN, SZCZECH, WEBSTER, WILLIAMS, ZHOU, CORREIA, JESUDAS, SCHJOTZ, FISCHER, HEWSON, KOFMAN, MCLAUGHLIN, AND ROBINSON. THE RELATED ORGANIZATION ALSO PROVIDED SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS TO BRADY (AS A FORMER OFFICER OF THE RELATED ORG) AND CURRENT OFFICERS ROBINSON, AND ZHOU. IN 2020 THE COMPANY CONTRIBUTED $9,013, $14,996, AND $10,393, RESPECTIVELY, TO THE PLAN.
Part I, Line 3 - Compensation of Organization's CEO/Executive Director
THE PROCESS OF DETERMINING COMPENSATION FOR THE CEO, ALL OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION IS PERFORMED ANNUALLY. AN INDEPENDENT COMPENSATION CONSULTANT COMPLETES AN ANALYSIS OF COMPARABLE AND COMPETITIVE MARKET DATA WITH DATA ASSISTANCE FROM UNDERWRITERS LABORATORIES INC.'S HR/COMPENSATION GROUP. IT COVERS TOP MANAGEMENT OFFICIALS OF THE ORGANIZATION, INCLUDING ELECTED OFFICERS THROUGH VICE PRESIDENTS. THE ANALYSIS IS REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHO PROVIDES FINAL APPROVAL OF ALL COMPENSATION ARRANGEMENTS. THE CEO AND SVP OF HR ARE PRESENT IN ALL COMPENSATION COMMITTEE MEETINGS BUT RECUSE THEMSELVES FOR DISCUSSION OF THEIR COMPENSATION. IN ADDITION, THE ORGANIZATION ENGAGES ANNUALLY IN A STUDY TO MEET THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR ALL TRANSACTIONS WITH DISQUALIFIED PERSONS AS STIPULATED PURSUANT TO INTERNAL REVENUE CODE SECTION 4958 AND THE REGULATIONS THEREUNDER. A WRITTEN EMPLOYMENT CONTRACT IS ESTABLISHED FOR ALL OFFICERS.
Schedule J (Form 990) 2020
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