2025-05-14T14:24:15-05:00 2024-06-30 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2023-07-01 941459048 PAC-12 CONFERENCE PAC- 4155804200 12647 ALCOSTA BLVD 5TH FLOOR SAN RAMON CA 94583 QUASHAN LOCKETT COO 4155804200 2025-05-06 1 0 WENDY CAMPOS P00448102 4159561500 2025-05-02 2023 2025-03-06 01:10:19Z TERESA GOULD 12647 ALCOSTA BLVD 5TH FLOOR SAN RAMON CA 94583 566816031 0 X PAC-12.COM X UNINCORPORATED NONPROFIT ASSOCIATION 1959 CA SUPPORT STUDENT-ATHLETE ATHLETIC & ACADEMIC EXCELLENCE IN CONCERT WITH MEMBER UNIVERSITIES. 2 0 215 0 11001578 2414948 9495267 7476302 594038758 558890528 319485 266356 0 0 603853510 566633186 403572770 394745534 0 0 40271614 57320841 0 0 0 100071575 91383192 543915959 543449567 59937551 23183619 158066674 127992549 55387067 60516895 102679607 67475654 X SEE SCHEDULE OTO EMPHASIZE THE WELFARE OF THE STUDENT-ATHLETE THROUGHOUT THE ENTERPRISE AND ENCOURAGE EACH PARTICIPANT IN A CONFERENCE PROGRAM TO ACQUIRE A BACCALAUREATE DEGREE AND THE SKILLS NECESSARY TO FUNCTION AS A PRODUCTIVE MEMBER OF SOCIETY. TO MAXIMIZE THE VALUE OF CONFERENCE AFFILIATION FOR ALL MEMBER INSTITUTIONS IN A MANNER CONSISTENT WITH THE CONFERENCE'S VALUES WHILE MAINTAINING A POSITION OF NATIONAL LEADERSHIP IN THE CONDUCT OF INTERCOLLEGIATE ATHLETICS. TO ADHERE TO THE HIGHEST STANDARDS OF HIGHER EDUCATION, ACADEMIC ACHIEVEMENT, ETHICAL CONDUCT, SPORTSMANSHIP, AND A COMMITMENT TO GENDER EQUITY AND ETHNIC DIVERSITY. TO SUSTAIN THE CONFERENCE'S UNPARALLELED RECORD OF ATHLETIC EXCELLENCE. TO ASSURE EACH MEMBER INSTITUTION'S COMMITMENT TO THE CONFERENCE'S VALUES, AND, IN SO DOING, FOSTER COLLEGIAL RELATIONSHIPS AMONG MEMBERS TO MANAGE THE TENSIONS THAT FREQUENTLY SURFACE IN THE COMPETITIVE ENVIRONMENT. 0 1 476507846 394745534 558890528 THE PAC-12 CONFERENCE ADMINISTERS PROGRAMS FOR AND SERVES ITS MEMBER INSTITUTIONS; COORDINATES REVENUES RECEIVED FROM TELEVISION CONTRACTS, POSTSEASON BOWL AGREEMENTS, BASKETBALL TOURNAMENTS, AFFILIATE REVENUE, ADVERTISING & SPONSORSHIPS; AND DETERMINES DISTRIBUTIONS TO MEMBER INSTITUTIONS TO FUND ATHLETIC PROGRAMS FOR THE BENEFIT OF STUDENT-ATHLETES. ADDITIONALLY, THE CONFERENCE RECEIVES AND ADMINISTERS AN NCAA GRANT RESTRICTED TO IMPROVING OFFICIATING PROGRAMS, ENHANCING ENFORCEMENT AND COMPLIANCE OF NCAA RULES AND REGULATIONS AND ENHANCING OPPORTUNITIES FOR WOMEN AND MINORITY ADMINISTRATORS. 476507846 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 374 0 1 215 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 2 0 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X TERESA GOULD 4155804200 12647 ALCOSTA BLVD 5TH FLOOR SAN RAMON CA 94583 JAYATHI Y MURTHY DIRECTOR 1.00 40.00 X 0 665731 12025 MICHAEL CROW DIRECTOR (THRU 11/23) 1.00 40.00 X 0 1339036 198549 ANA MARI CAUCE DIRECTOR (THRU 11/23) 1.00 40.00 X 0 937641 356208 GENE BLOCK DIRECTOR (THRU 11/23) 1.00 40.00 X 0 697248 69464 TAYLOR RANDALL DIRECTOR (THRU 11/23) 1.00 40.00 X 0 947863 339846 KIRK SCHULZ CHAIR 1.00 40.00 X X 0 909047 44150 CAROL T CHRIST DIRECTOR (THRU 11/23) 1.00 40.00 X 0 679279 69209 PHILLIP DISTEFANO DIRECTOR (THRU 11/23) 1.00 40.00 X 0 591091 62125 CAROL FOLT DIRECTOR (THRU 11/23) 1.00 40.00 X 0 4004857 976418 ROBERT ROBBINS DIRECTOR (THRU 11/23) 1.00 40.00 X 0 1177522 210750 JOHN KARL SCHOLZ DIRECTOR (THRU 11/23) 1.00 40.00 X 0 418877 41166 MARC TESSIER-LAVIGNE DIRECTOR (THRU 7/23) 1.00 40.00 X 0 1655841 302301 RICHARD P SALLER DIRECTOR (THRU 11/23) 1.00 40.00 X 0 775911 74189 GEORGE KLIAVKOFF COMMISSIONER (THRU 2/24) 40.00 0.00 X 3560591 0 123567 MORANE KEREK CFO (THRU 1/24) 40.00 0.00 X 176109 0 19236 QUASHAN LOCKETT COO/TREASURER (START 1/24) 40.00 0.00 X 427231 0 106781 TERESA GOULD COMMISSIONER 40.00 0.00 X 440392 0 103874 SCOTT PETERSMEYER CHIEF LEGAL OFFICER 40.00 0.00 X 516244 0 41382 STEVE TSENG EXECUTIVE VICE PRESIDENT, SALES 40.00 0.00 X 613539 0 41323 LAWRENCE MEYERS EVP, CONTENT 40.00 0.00 X 521953 0 32799 DAVID PERRY SENIOR VICE PRESIDENT, SALES 40.00 0.00 X 396064 0 24734 RYAN CURRIER SVP, ENGINEERING & PRODUCT 40.00 0.00 X 388055 0 38213 ANDREW WALKER SVP, COMMUNICATIONS 40.00 0.00 X 380819 0 101927 ERIK HARDENBERGH SVP OF STRATEGY 40.00 0.00 X 393965 0 96906 JAMIE ZANINOVICH FORMER COO 0.00 0.00 X 222781 0 39539 MARK SHUKEN FORMER PRESIDENT 0.00 0.00 X 191343 0 10035 8229086 14799944 3536716 114 1 1 0 ADVANCED SYSTEMS GROUP 1226 POWELL ST EMERYVILLE CA 94608 PRODUCTION STUDIO BUILDOUT 12452360 BCCI CONSTRUCTION LLC 1160 BATTERY ST STE 250 SAN FRANCISCO CA 94111 PRODUCTION STUDIO BUILDOUT 10982286 COOLEY LLP 3 EMBARCADERO CENTER 20TH FL SAN FRANCISCO CA 94111 LEGAL SERVICES 6193020 STN INCORPORATED 4464 WILLOW ROAD SUITE 102 PLEASANTON CA 94588 PRODUCTION STUDIO BUILDOUT 2277387 DVSPORT INC 240 VISTA PARK DRIVE PITTSBURGH PA 15205 EQUIPMENT SERVICES 1667241 79 7476302 150000 7476302 TELEVISION RIGHTS FEES 516100 381468643 381468643 POST SEASON BOWLS 711210 120995872 120995872 NCAA FUNDS/CONF. EVENT 711210 38753160 38753160 ADVERTISING 541800 11001578 11001578 OTHER REVENUE 561000 6671275 6671275 558890528 449201 449201 182845 -182845 -182845 -182845 566633186 547888950 11001578 266356 394745534 394745534 10902471 1421046 9481425 40454170 22930880 17523290 1895229 1086183 809046 1477869 867385 610484 2591102 1676656 914446 11817820 11817820 418766 418766 4576832 2843981 1732851 597856 332927 264929 3055202 27166 3028036 9512663 8389772 1122891 3860830 3118272 742558 1928031 1673575 254456 220619 80234 140385 497720 497720 25395829 18259177 7136652 1906278 1906278 POST SEASON & CONFERENC 9327574 9327574 PROVISION FOR DOUBTFUL 4558261 4558261 OFFICIATING 2608920 2608920 0 COMMISSIONS 2479521 1572373 907148 8620470 5546191 3074279 543449567 476507846 66941721 0 45879253 62840033 55022664 25146625 1861842 0 16667 421008 39946589 12334360 33517198 27612229 3184425 4522898 18584625 7449756 158066674 127992549 32279009 50239704 3523241 308883 7300000 0 12284817 9968308 55387067 60516895 X 102679607 67475654 102679607 67475654 158066674 127992549 X 23183619 -58387572 0 X 0 1 X 1 0 X X 12 UNIVERSITY OF ARIZONA 742652689 6 1 30116663 0 ARIZONA STATE UNIVERSITY 860196696 6 1 30200768 0 UNIVERSITY OF CALIFORNIA BERKELEY 946002123 6 1 30211300 0 UNIVERSITY OF COLORADO 846000555 6 1 30057119 0 UNIVERSITY OF OREGON 936001786 6 1 30099975 0 OREGON STATE UNIVERSITY 936001786 6 1 46611416 0 STANFORD UNIVERSITY 941156365 2 1 30241403 0 UNIVERSITY OF CALIFORNIA LOS ANGELES 956006143 6 1 30190302 0 UNIVERSITY OF SOUTHERN CALIFORNIA 951642394 2 1 30180263 0 UNIVERSITY OF UTAH 876000525 6 1 30139707 0 UNIVERSITY OF WASHINGTON 916001537 6 1 30121732 0 WASHINGTON STATE UNIVERSITY 916001108 6 1 46574886 0 12 394745534 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART VI, SECTION B, LINE 1 PAC-12 CONFERENCE HAD A CHANGE IN SUPPORTED ORGANIZATIONS DURING FY 24. PAC-12 CONFERENCE REDUCED SCOPE OF SERVICES TO MEET OBLIGATIONS AND OBJECTIVES ASSOCIATED WITH THE REALIGNMENT OF THE CONFERENCE. -FROM SEPTEMBER 11, 2023 THROUGH NOVEMBER 13, 2023, UNANIMOUS APPROVAL OF ALL TWELVE SUPPORTED ORGANIZATIONS WAS REQUIRED TO TAKE ANY OFFICIAL ACTION OUTSIDE THE NORMAL COURSE. -FROM NOVEMBER 14, 2023 THROUGH MARCH 24, 2024, ONLY OREGON STATE AND WASHINGTON STATE WERE SUPPORTED ORGANIZATIONS THAT WERE VOTING BOARD MEMBERS. -FROM MARCH 25, 2024 THROUGH AUGUST 1, 2024 THE PAC-12 HANDLED VOTING AS FOLLOWS: I. BOARD COMPOSITION - OSU/WSU PRESIDENTS WERE THE SOLE VOTING DIRECTORS ON THE BOARD AND, EXCEPT AS PROVIDED BELOW RELATED TO SPECIAL ACTIONS ON OR PRIOR TO AUGUST 1, 2024, OSU/WSU ARE THE ONLY MEMBERS WITH ANY RIGHT TO VOTE ON ANY MATTER BEFORE THE BOARD. THE DEPARTING MEMBERS SHALL CEASE TO BE MEMBERS AT THE CLOSE OF BUSINESS AUGUST 1, 2024, AND THEIR RESPECTIVE PRESIDENTS OR CHANCELLORS' RIGHTS HEREUNDER SHALL EXPIRE AT SUCH TIME. A. SPECIAL ACTIONS. APPROVAL OF ANY OF THE FOLLOWING CONFERENCE ACTIONS PROPOSED TO BE TAKEN ON OR BEFORE AUGUST 1, 2024, SHALL REQUIRE BOARD APPROVAL BY OSU/WSU AS WELL AS RATIFICATION BY SEVEN OUT OF THE TWELVE (7/12) SCHOOLS. 1) ANY DECISION THAT CAUSES A MATERIAL DEVIATION FROM THE PAC-12'S 3/6/24 BUDGET FORECAST, OR ANY SUBSEQUENT BUDGETS APPROVED UNDER THIS PROVISION WITH RESPECT TO THE PAC-12'S 3/6/24 BUDGET FORECAST. A MATERIAL DEVIATION IS ANY DEVIATION REASONABLY LIKELY TO RESULT IN INCREASED CONFERENCE COSTS OR EXPENSES OR REDUCED CONFERENCE REVENUE, IN EACH CASE IN AN AMOUNT GREATER THAN TWO PERCENT (2%). 2) ANY DECISION THAT (X) MATERIALLY REDUCES THE FISCAL YEAR 2024 DISTRIBUTIONS TO ANY OF THE DEPARTING MEMBERS, (Y) DELAYS PAYMENT OF ANY SUCH DISTRIBUTION AFTER ITS APPLICABLE MONTH, OR (Z) CHANGES THE PERCENTAGE OF ANY SUCH DISTRIBUTION. A MATERIAL REDUCTION OF FISCAL YEAR 2024 DISTRIBUTIONS IS ANY REDUCTION OR SERIES OF REDUCTIONS THAT REDUCES FISCAL YEAR 2024 DISTRIBUTIONS BY MORE THAN ONE AND ONE-QUARTER PERCENT (1.25%) AS COMPARED TO THE PROJECTED FISCAL YEAR 2024 DISTRIBUTIONS IDENTIFIED IN THE PAC-12'S 3/6/24 BUDGET FORECAST. 3) ANY DECISION THAT IMPACTS THE LITIGATION LIABILITIES OF ANY OF THE DEPARTING MEMBERS RELATED TO BROADCAST/LIABILITIES. 4) ANY AMENDMENT OR ALTERATION OF THE RULES AND GOVERNANCE OF CONFERENCE ATHLETIC COMPETITION THAT WOULD APPLY PRIOR TO AUGUST 1, 2024. 5) ANY CHANGES TO THE BYLAWS OR EXECUTIVE REGULATIONS THAT WOULD APPLY PRIOR TO AUGUST 1, 2024. 6) ANY DECISION TO ASSESS ANY ACTION, PENALTY OR OTHER CONSEQUENCE, FINANCIAL OR OTHERWISE, AGAINST ANY DEPARTING MEMBER RELATING TO ITS INTENTION TO JOIN ANOTHER POWER FIVE CONFERENCE IN THE FUTURE. II. DEPARTING MEMBERS BOARD PARTICIPATION. EXCEPT AS PROVIDED IN (A) BELOW, UNTIL AND INCLUDING AUGUST 1, 2024, THE PRESIDENT OR CHANCELLOR OF EACH OF THE DEPARTING MEMBERS WILL RECEIVE NOTICE OF BOARD MEETINGS AS REQUIRED TO BE GIVEN TO MEMBERS OF THE BOARD PURSUANT TO THE BYLAWS, WILL BE PERMITTED TO ATTEND ALL BOARD MEETINGS, AND WILL BE PROVIDED THE SAME MATERIAL PROVIDED TO THE REMAINING MEMBERS IN RESPECT OF EACH MEETING. A. OSU/WSU ARE FREE TO APPROVE CONFERENCE ACTIONS TO (A) ADMIT NEW CONFERENCE MEMBERS FOR ACADEMIC YEAR 2024-25 AND ANY SUBSEQUENT YEAR AND (B) ENTER INTO CONTRACTUAL ARRANGEMENTS FOR FISCAL YEAR 2025 AND ANY SUBSEQUENT YEAR WITHOUT CONSENT FROM OR NOTICE TO THE DEPARTING MEMBERS, SO LONG AS ANY SUCH CONTRACTUAL ARRANGEMENT OR AGREEMENT DOES NOT IMPOSE ANY LIABILITIES ON THE DEPARTING MEMBERS OR OTHERWISE REQUIRE ACTION AS OUTLINED ABOVE. B. THE CONFERENCE SHALL PROVIDE THE DEPARTING MEMBERS WITH PROMPT NOTICE OF ANY ACTION TAKEN BY THE BOARD (WHETHER AT A MEETING OR BY WRITTEN OR ELECTRONIC VOTE) THAT DOES NOT REQUIRE QUALIFY AS A SPECIAL ACTION. AFTER FY 24 ENDED, PAC-12 CONFERENCE AMENDED THEIR GOVERNING DOCUMENTS TO UPDATE FOR THE CHANGES WITHIN THE CONFERENCE THAT ALSO REFLECTED THE CHANGE IN SUPPORTED ORGANIZATIONS OF PAC-12 CONFERENCE DURING THE YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 70729 0 1 12188 82917 0 PART II-B, LINE 1: CONTACT WITH FEDERAL AND STATE OFFICIALS AND THEIR STAFF TO PROVIDE INFORMATION AND EDUCATE THEM REGARDING ISSUES RELATED TO POTENTIAL LEGISLATION REGARDING STUDENT-ATHLETES LICENSING THEIR NAME, IMAGE AND LIKENESS FOR COMPENSATION. ENGAGEMENT OF GOVERNMENT RELATIONS FIRMS TO HAVE CONTACT WITH FEDERAL AND STATE OFFICIALS AND THEIR STAFF TO PROVIDE INFORMATION AND EDUCATE THEM REGARDING ISSUES RELATED TO POTENTIAL LEGISLATION REGARDING STUDENT ATHLETES LICENSING THEIR NAME, IMAGE AND LIKENESS FOR COMPENSATION. 12052616 1382844 10669772 27879053 10937692 16941361 14920 13824 1096 27612229 DEPOSITS 280201 DEFERRED TAX ASSET 109351 DUE FROM AFFILIATE 343371 RIGHT OF USE 6885750 OTHER ASSETS -168917 7449756 LEASE LIABILITY 9968308 9968308 X PART X, LINE 2: THE PAC-12 APPLIES THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10, INCOME TAXES, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE PAC-12 RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE PAC-12 RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS IN OPERATING EXPENSES. AS OF JUNE 30, 2024 AND 2023, THERE WERE NO UNCERTAIN TAX POSITIONS. 1 UNIVERSITY OF ARIZONA 1311 E 4TH ST TUCSON AZ 85721 742652689 115 30116663 0 ANNUAL DISTRIBUTION TO SUPPORT MEMBER INSTITUTIONS ARIZONA STATE UNIVERSITY 699 S MILL AVE 208 TEMPE AZ 85281 860196696 115 30200768 0 ANNUAL DISTRIBUTION TO SUPPORT MEMBER INSTITUTIONS UNIVERSITY OF CALIFORNIA-BERKELEY 2440 BANCROFT WAY BERKELEY CA 94704 946002123 115 30211300 0 ANNUAL DISTRIBUTION TO SUPPORT MEMBER INSTITUTIONS UNIVERSITY OF COLORADO 372UCB GATE 1 BOULDER CO 80309 846000555 115 30057119 0 ANNUAL DISTRIBUTION TO SUPPORT MEMBER INSTITUTIONS UNIVERSITY OF OREGON 110 JOHNSON HALL EUGENE OR 97403 936001786 115 30099975 0 ANNUAL DISTRIBUTION TO SUPPORT MEMBER INSTITUTIONS OREGON STATE UNIVERSITY 1500 SACKETT HALL CORVALLIS OR 97331 936001786 115 46611416 0 ANNUAL DISTRIBUTION TO SUPPORT MEMBER INSTITUTIONS STANFORD UNIVERSITY 450 SERRA MALL 110 STANFORD CA 94305 941156365 501(C)(3) 30241403 0 ANNUAL DISTRIBUTION TO SUPPORT MEMBER INSTITUTIONS UNIVERSITY OF CALIFORNIA-LOS ANGELES 405 HILGARD AVE LOS ANGELES CA 90095 956006143 115 30190302 0 ANNUAL DISTRIBUTION TO SUPPORT MEMBER INSTITUTIONS UNIVERSITY OF SOUTHERN CALIFORNIA PARDEE WAY LOS ANGELES CA 90089 951642394 501(C)(3) 30180263 0 ANNUAL DISTRIBUTION TO SUPPORT MEMBER INSTITUTIONS UNIVERSITY OF UTAH 1825 E SOUTH CAMPUS DRIVE SALT LAKE CITY UT 841120900 876000525 115 30139707 0 ANNUAL DISTRIBUTION TO SUPPORT MEMBER INSTITUTIONS UNIVERSITY OF WASHINGTON PO BOX 351230 SEATTLE WA 98195 916001537 115 30121732 0 ANNUAL DISTRIBUTION TO SUPPORT MEMBER INSTITUTIONS WASHINGTON STATE UNIVERSITY FRENCH ADMINISTRATION BUILDING 42 PULLMAN WA 99164 916001108 115 46574886 0 ANNUAL DISTRIBUTION TO SUPPORT MEMBER INSTITUTIONS 12 0 PART I, LINE 2: THE CONFERENCE ACTS AS AN INTERMEDIARY AND COLLECTS CASH RECEIPTS ON BEHALF OF THE MEMBER SCHOOLS FROM CERTAIN CONTRACTS AND DISTRIBUTES SUCH AMOUNTS TO MEMBER SCHOOLS. THE CONFERENCE DOES NOT ATTACH PARAMETERS TO OR REQUIRE REPORTING ON HOW THE FUNDS ARE UTILIZED. X X X 0 0 0 0 0 1 0 0 0 CAROL FOLT DIRECTOR (THRU 11/23) 0 1963839 0 850000 0 1191018 0 951667 0 24751 0 4981275 0 0 GEORGE KLIAVKOFF COMMISSIONER (THRU 2/24) 3509938 0 0 0 50653 0 69000 0 54567 0 3684158 0 0 0 MARC TESSIER-LAVIGNE DIRECTOR (THRU 7/23) 0 1655841 0 0 0 0 0 158000 0 144301 0 1958142 0 0 MICHAEL CROW DIRECTOR (THRU 11/23) 0 815548 0 0 0 523488 0 193168 0 5381 0 1537585 0 0 ROBERT ROBBINS DIRECTOR (THRU 11/23) 0 1000022 0 177500 0 0 0 191281 0 19469 0 1388272 0 0 ANA MARI CAUCE DIRECTOR (THRU 11/23) 0 897925 0 0 0 39716 0 313000 0 43208 0 1293849 0 0 TAYLOR RANDALL DIRECTOR (THRU 11/23) 0 847661 0 0 0 100202 0 312860 0 26986 0 1287709 0 0 KIRK SCHULZ CHAIR 0 729647 0 156000 0 23400 0 30500 0 13650 0 953197 0 0 RICHARD P SALLER DIRECTOR (THRU 11/23) 0 433947 0 0 0 341964 0 31865 0 42324 0 850100 0 0 GENE BLOCK DIRECTOR (THRU 11/23) 0 668556 0 0 0 28692 0 44495 0 24969 0 766712 0 0 CAROL T CHRIST DIRECTOR (THRU 11/23) 0 679279 0 0 0 0 0 37022 0 32187 0 748488 0 0 JAYATHI Y MURTHY DIRECTOR 0 650004 0 0 0 15727 0 0 0 12025 0 677756 0 0 STEVE TSENG EXECUTIVE VICE PRESIDENT, SALES 414277 0 194532 0 4730 0 13200 0 28123 0 654862 0 0 0 PHILLIP DISTEFANO DIRECTOR (THRU 11/23) 0 576091 0 0 0 15000 0 44000 0 18125 0 653216 0 0 SCOTT PETERSMEYER CHIEF LEGAL OFFICER 439344 0 64423 0 12477 0 23733 0 17649 0 557626 0 0 0 LAWRENCE MEYERS EVP, CONTENT 373809 0 148144 0 0 0 13200 0 19599 0 554752 0 0 0 TERESA GOULD COMMISSIONER 372649 0 63786 0 3957 0 67296 0 36578 0 544266 0 0 0 QUASHAN LOCKETT COO/TREASURER (START 1/24) 423930 0 0 0 3301 0 64409 0 42372 0 534012 0 0 0 ERIK HARDENBERGH SVP OF STRATEGY 323933 0 67167 0 2865 0 59112 0 37794 0 490871 0 0 0 ANDREW WALKER SVP, COMMUNICATIONS 307601 0 4481 0 68737 0 55569 0 46358 0 482746 0 0 0 JOHN KARL SCHOLZ DIRECTOR (THRU 11/23) 0 371677 0 0 0 47200 0 22182 0 18984 0 460043 0 0 RYAN CURRIER SVP, ENGINEERING & PRODUCT 320353 0 67702 0 0 0 10094 0 28119 0 426268 0 0 0 DAVID PERRY SENIOR VICE PRESIDENT, SALES 289055 0 107009 0 0 0 6989 0 17745 0 420798 0 0 0 JAMIE ZANINOVICH FORMER COO 221238 0 0 0 1543 0 24625 0 14914 0 262320 0 0 0 MARK SHUKEN FORMER PRESIDENT 191343 0 0 0 0 0 7689 0 2346 0 201378 0 0 0 MORANE KEREK CFO (THRU 1/24) 148149 0 27667 0 293 0 19236 0 0 0 195345 0 0 0 PART I, LINE 6 SALES MANAGEMENT RECEIVE BONUSES BASED ON ADVERTISING AND SPONSORSHIP REVENUE GENERATED. X 150000 FMV 0 0 0 0 FORM 990, PART III, LINE 3 PAC-12 CONFERENCE REDUCED SCOPE OF SERVICES TO MEET OBLIGATIONS AND OBJECTIVES ASSOCIATED WITH THE REALIGNMENT OF THE CONFERENCE. A SCOPE OF SERVICES PLAN WAS ESTABLISHED TO PRIORITIZE CONTRACTUAL OBLIGATIONS, SUPPORTING THE STUDENT-ATHLETE EXPERIENCE, AND TO SUPPORT OUR STAFF'S ABILITY TO DELIVER ON THOSE OBJECTIVES. FORM 990, PART VI, SECTION A, LINE 1A -FROM SEPTEMBER 11, 2023 THROUGH NOVEMBER 13, 2023, UNANIMOUS APPROVAL OF ALL TWELVE PRESIDENTS WAS REQUIRED TO TAKE ANY OFFICIAL ACTION OUTSIDE THE NORMAL COURSE. -FROM NOVEMBER 14, 2023 THROUGH MARCH 24, 2024, ONLY OREGON STATE AND WASHINGTON STATE WERE VOTING BOARD MEMBERS. -FROM MARCH 25, 2024 THROUGH AUGUST 1, 2024 THE PAC-12 HANDLED VOTING AS FOLLOWS: I. BOARD COMPOSITION - OSU/WSU PRESIDENTS WERE THE SOLE VOTING DIRECTORS ON THE BOARD AND, EXCEPT AS PROVIDED BELOW RELATED TO SPECIAL ACTIONS ON OR PRIOR TO AUGUST 1, 2024, OSU/WSU ARE THE ONLY MEMBERS WITH ANY RIGHT TO VOTE ON ANY MATTER BEFORE THE BOARD. THE DEPARTING MEMBERS SHALL CEASE TO BE MEMBERS AT THE CLOSE OF BUSINESS AUGUST 1, 2024, AND THEIR RESPECTIVE PRESIDENTS OR CHANCELLORS' RIGHTS HEREUNDER SHALL EXPIRE AT SUCH TIME. A. SPECIAL ACTIONS. APPROVAL OF ANY OF THE FOLLOWING CONFERENCE ACTIONS PROPOSED TO BE TAKEN ON OR BEFORE AUGUST 1, 2024, SHALL REQUIRE BOARD APPROVAL BY OSU/WSU AS WELL AS RATIFICATION BY SEVEN OUT OF THE TWELVE (7/12) SCHOOLS. 1) ANY DECISION THAT CAUSES A MATERIAL DEVIATION FROM THE PAC-12'S 3/6/24 BUDGET FORECAST, OR ANY SUBSEQUENT BUDGETS APPROVED UNDER THIS PROVISION WITH RESPECT TO THE PAC-12'S 3/6/24 BUDGET FORECAST. A MATERIAL DEVIATION IS ANY DEVIATION REASONABLY LIKELY TO RESULT IN INCREASED CONFERENCE COSTS OR EXPENSES OR REDUCED CONFERENCE REVENUE, IN EACH CASE IN AN AMOUNT GREATER THAN TWO PERCENT (2%). 2) ANY DECISION THAT (X) MATERIALLY REDUCES THE FISCAL YEAR 2024 DISTRIBUTIONS TO ANY OF THE DEPARTING MEMBERS, (Y) DELAYS PAYMENT OF ANY SUCH DISTRIBUTION AFTER ITS APPLICABLE MONTH, OR (Z) CHANGES THE PERCENTAGE OF ANY SUCH DISTRIBUTION. A MATERIAL REDUCTION OF FISCAL YEAR 2024 DISTRIBUTIONS IS ANY REDUCTION OR SERIES OF REDUCTIONS THAT REDUCES FISCAL YEAR 2024 DISTRIBUTIONS BY MORE THAN ONE AND ONE-QUARTER PERCENT (1.25%) AS COMPARED TO THE PROJECTED FISCAL YEAR 2024 DISTRIBUTIONS IDENTIFIED IN THE PAC-12'S 3/6/24 BUDGET FORECAST. 3) ANY DECISION THAT IMPACTS THE LITIGATION LIABILITIES OF ANY OF THE DEPARTING MEMBERS RELATED TO BROADCAST/LIABILITIES. 4) ANY AMENDMENT OR ALTERATION OF THE RULES AND GOVERNANCE OF CONFERENCE ATHLETIC COMPETITION THAT WOULD APPLY PRIOR TO AUGUST 1, 2024. 5) ANY CHANGES TO THE BYLAWS OR EXECUTIVE REGULATIONS THAT WOULD APPLY PRIOR TO AUGUST 1, 2024. 6) ANY DECISION TO ASSESS ANY ACTION, PENALTY OR OTHER CONSEQUENCE, FINANCIAL OR OTHERWISE, AGAINST ANY DEPARTING MEMBER RELATING TO ITS INTENTION TO JOIN ANOTHER POWER FIVE CONFERENCE IN THE FUTURE. II. DEPARTING MEMBERS BOARD PARTICIPATION. EXCEPT AS PROVIDED IN (A) BELOW, UNTIL AND INCLUDING AUGUST 1, 2024, THE PRESIDENT OR CHANCELLOR OF EACH OF THE DEPARTING MEMBERS WILL RECEIVE NOTICE OF BOARD MEETINGS AS REQUIRED TO BE GIVEN TO MEMBERS OF THE BOARD PURSUANT TO THE BYLAWS, WILL BE PERMITTED TO ATTEND ALL BOARD MEETINGS, AND WILL BE PROVIDED THE SAME MATERIAL PROVIDED TO THE REMAINING MEMBERS IN RESPECT OF EACH MEETING. A. OSU/WSU ARE FREE TO APPROVE CONFERENCE ACTIONS TO (A) ADMIT NEW CONFERENCE MEMBERS FOR ACADEMIC YEAR 2024-25 AND ANY SUBSEQUENT YEAR AND (B) ENTER INTO CONTRACTUAL ARRANGEMENTS FOR FISCAL YEAR 2025 AND ANY SUBSEQUENT YEAR WITHOUT CONSENT FROM OR NOTICE TO THE DEPARTING MEMBERS, SO LONG AS ANY SUCH CONTRACTUAL ARRANGEMENT OR AGREEMENT DOES NOT IMPOSE ANY LIABILITIES ON THE DEPARTING MEMBERS OR OTHERWISE REQUIRE ACTION AS OUTLINED ABOVE. B. THE CONFERENCE SHALL PROVIDE THE DEPARTING MEMBERS WITH PROMPT NOTICE OF ANY ACTION TAKEN BY THE BOARD (WHETHER AT A MEETING OR BY WRITTEN OR ELECTRONIC VOTE) THAT DOES NOT REQUIRE QUALIFY AS A SPECIAL ACTION. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBER SCHOOLS, WHICH ARE THE SUPPORTED ORGANIZATIONS, ARE THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS HAVE THE POWER TO ELECT ONE REPRESENTATIVE TO THE GOVERNING BODY, WHICH WILL EITHER BE THE PRESIDENT OR CHANCELLOR ROLE AT EACH MEMBER ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE BOARD FINANCE COMMITTEE AND DISTRIBUTED TO ALL BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST TO THE OTHER MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS ESTABLISHED THE AMOUNT OF COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER. THE PROCESS INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION AND WAS PERFORMED AT THE INITIATION OF THE CONTRACT. THE CHIEF EXECUTIVE OFFICER ESTABLISHED THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE CONFERENCE BYLAWS ARE INCLUDED IN THE MEMBER HANDBOOK WHICH IS POSTED ONLINE. THE ORGANIZATION DOES NOT MAKE FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC DISCLOSURE. THE CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 8 PAC-12 CONFERENCE BECAME AWARE THAT THE FINANCIAL STATEMENTS WERE MISSTATED BECAUSE OF (1) COMCAST SUBSCRIBER OVERPAYMENTS, AND (2) DISTRIBUTOR REBATE MATTERS. THE JUNE 30, 2024 TAX FILING IS REPORTING A PRIOR PERIOD ADJUSTMENT TO CORRECT THE MISSTATEMENTS. THE PAC-12 CONFERENCE CONSOLIDATED FINANCIAL STATEMENTS HAVE BEEN RESTATED TO CORRECT THESE ERRORS AS WELL. 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