SEMA 2011-2012 Bylaws Vote

BYLAWS VOTING RESULTS IN APPROVAL OF BOARD
RECOMMENDED MOTION

Recently the SEMA board of directors asked
each member company to participate in a decision to amend the SEMA bylaws. The
motion was put to a vote, as per SEMA bylaws, and voting concluded on January
11.

Votes were tallied and certified by outside
agency Survey & Ballot Systems. Over 94% of SEMA members voted for the motion
as recommended by the board. The affirmative vote will enable the following
changes:

Reduces
the number of board seats from the current 22 to 10, with flexibility to
allow future addition of 2 seats at the board's discretion (one each in
Manufacturer and Distributor/Retailer categories). The board will continue
to be lead by four officer seats, for a total of 14 board members.

Creates a
new board seat for "Services" - a member segment currently blended into
the Distributor/Retailer category.

Board
member terms will be amended from three, 2-year terms to two, 3-year
terms.

Each SEMA member will now have the opportunity
to cast votes for board candidates in all categories (currently each
member can vote for candidates in only the member's category, i.e.
manufacturer).

Moving to enact these changes, the board
has developed a process to transition to a smaller board by means of a 3-year
election cycle, taking into account the need to continuously maintain a
balanced board. That process will begin
with the 2012 board elections, and will be reflected in the upcoming round of
voting for new board members.

"These changes will enable the board to be
more effective, and encourage more participation by member companies," said
Scooter Brothers, Chairman of the Board.
On behalf of the board, I would like to thank the membership for
weighing in on this important decision. The significant turnout indicates that
SEMA member companies are thoughtful and active participants in the industry
and association activities, and for that we are exceedingly grateful."