ILMA Compoundings September 2016 - 3

Compoundings®
September 2016 | Vol. 66 No. 9
Board of Directors

5

FROM THE CEO
Six "Can't Miss" Happenings at the ILMA
Annual Meeting
Holly Alfano

28 SPEAKER SPOTLIGHT
U.S. Base Oil Pricing Mechanisms
in a Global Base Oil World
Amy Claxton, P.E.

9

BOARD BRIEF
A Level Playing Field
Barbara Kudis

13

NOTES FROM MSCI
The Importance of Advocacy:
Spreading the Word that
Metal Matters
M. Robert Weidner III

30 FAMILY BUSINESS
Managing Complexity:
Moving from Succession Planning to
Developing a Family Strategy
Andrew Keyt, MBA, MSMFT

President
Frank H. Hamilton III
South Atlantic Services, Inc.
Vice President
Beth Ann Jones
Hangsterfer's Laboratories, Inc.
Treasurer
Dave Croghan
Maxum Petroleum
Secretary
Barbara Kudis
Allegheny Petroleum Products Company
Immediate Past President
Barbara A. Bellanti
Battenfeld Grease & Oil Corporation of N.Y.
Charles Decker
American Oil & Supply International, LLC
Lon Fanning
DuBois Chemicals
Jarrett M. Flegel
Boss Lubricants

15

15

Eric Kielts
Wallover Oil Company, Incorporated
Michael B. Maloney, II
Universal Lubricants, LLC
Kent Morris
Pinnacle Oil, Inc.
Ronald M. Powell
Moroil Technologies
Scott A. Schwindaman
Lubrication Engineers, Inc.
Staff

Member News
Including:
Allegheny Kicks Off Plant
Building Project in Jamaica

15

Houghton International
Acquires Wallover Enterprises

21

THE ARGUS ANALYSIS
U.S. Base Oils Market Balanced Through
2Q on Firm Demand, Increased Exports
Eva Molina

Catharine T. Golden
Etna Products, Inc.
Greg T. Julian
Advanced Lubrication Specialties

THE HEART OF ILMA

24 VOICES & VIEWS
Controlling Foam in Metalworking Fluids:
The Great Balancing Act
Monica A. Ford, Ph.D.
26 INTERNATIONAL INSIGHT
Outlook on U.S. Exports: Forecasting the
"Perfect Storm" or Something Else?
Kevin Krause

32 FINANCIAL FREEDOM
Be Prepared to Retire in a Volatile Market
Murray Carter, CFP®, AWMA®
34 RULES & REGS
New OSHA Electronic Reporting
and Retaliation Rules
Daniel T. Bryant
36 POWER PLAY
How Much Money Do You Make?
The EEOC Wants to Know
Daniel T. Bryant
38 LEGAL EASE
Another Look at Noncompete
Agreements
Jeffrey L. Leiter
40 THE WHITE PAPER
Brexit: Global Consequences for
Workplace Health and Safety?
Eugene M. White, Ph.D., M.S., CMFS
42 ADVERTISERS INDEX

Chief Executive Officer
Holly Alfano
Associate Director
Martha F. Jolkovski
Director of Communications
Brenda Gillinson, CAE
Member Services/Marketing Manager
Tim Mack
Communications Coordinator
Amber Lopez
Membership Coordinator
Meg Thaxton
Bookkeeper
Margaret Smith
Contributing Editor
Jeffrey L. Leiter

INDEPENDENT LUBRICANT MANUFACTURERS ASSOCIATION
400 North Columbus Street, Suite 201, Alexandria, VA 22314
Phone: 703-684-5574 * Fax: 703-836-8503 * www.ilma.org
Design & layout by Grafixworks Design * www.grafixworksdesign.com
Printed by The YGS Group * 800-501-9571 * www.theygsgroup.com
Compoundings (USPS 003-447) is published monthly by the Independent Lubricant Manufacturers Association, 400 N. Columbus
St., Suite 201, Alexandria, VA 22314. Annual subscriptions: Members, $75 of annual dues; nonmembers, $185. Periodicals postage paid at
Alexandria, VA and additional mailing offices.
ISSN 1042-508X
POSTMASTER: send address changes to
Compoundings, 400 N. Columbus St., Suite 201,
Alexandria, VA 22314.
© 2016 Independent Lubricant Manufacturers Association.
All Rights Reserved.

ILMA is pleased to present a variety of viewpoints in Compoundings magazine. Readers should keep in mind that bylined articles represent
the views of the named author or authors and not necessarily the opinions, viewpoints or positions of ILMA.

Compoundings September 2016 * 3 * Vol. 66 No. 9


http://http:// http://www.ilma.org http://www.grafixworksdesign.com http://www.theygsgroup.com

ILMA Compoundings September 2016

Table of Contents for the Digital Edition of ILMA Compoundings September 2016

FROM THE CEO
BOARD BRIEF
NOTES FROM MSCI
THE HEART OF ILMA
THE ARGUS ANALYSIS
VOICES & VIEWS
INTERNATIONAL INSIGHT
SPEAKER SPOTLIGHT
FAMILY BUSINESS
FINANCIAL FREEDOM
RULES & REGS
POWER PLAY
LEGAL EASE
THE WHITE PAPER
ADVERTISERS INDEX
ILMA Compoundings September 2016 - 1
ILMA Compoundings September 2016 - 2
ILMA Compoundings September 2016 - 3
ILMA Compoundings September 2016 - 4
ILMA Compoundings September 2016 - FROM THE CEO
ILMA Compoundings September 2016 - 6
ILMA Compoundings September 2016 - 7
ILMA Compoundings September 2016 - 8
ILMA Compoundings September 2016 - BOARD BRIEF
ILMA Compoundings September 2016 - 10
ILMA Compoundings September 2016 - 11
ILMA Compoundings September 2016 - 12
ILMA Compoundings September 2016 - NOTES FROM MSCI
ILMA Compoundings September 2016 - 14
ILMA Compoundings September 2016 - THE HEART OF ILMA
ILMA Compoundings September 2016 - 16
ILMA Compoundings September 2016 - 17
ILMA Compoundings September 2016 - 18
ILMA Compoundings September 2016 - 19
ILMA Compoundings September 2016 - 20
ILMA Compoundings September 2016 - THE ARGUS ANALYSIS
ILMA Compoundings September 2016 - 22
ILMA Compoundings September 2016 - 23
ILMA Compoundings September 2016 - VOICES & VIEWS
ILMA Compoundings September 2016 - 25
ILMA Compoundings September 2016 - INTERNATIONAL INSIGHT
ILMA Compoundings September 2016 - 27
ILMA Compoundings September 2016 - SPEAKER SPOTLIGHT
ILMA Compoundings September 2016 - 29
ILMA Compoundings September 2016 - FAMILY BUSINESS
ILMA Compoundings September 2016 - 31
ILMA Compoundings September 2016 - FINANCIAL FREEDOM
ILMA Compoundings September 2016 - 33
ILMA Compoundings September 2016 - RULES & REGS
ILMA Compoundings September 2016 - 35
ILMA Compoundings September 2016 - POWER PLAY
ILMA Compoundings September 2016 - 37
ILMA Compoundings September 2016 - LEGAL EASE
ILMA Compoundings September 2016 - 39
ILMA Compoundings September 2016 - THE WHITE PAPER
ILMA Compoundings September 2016 - 41
ILMA Compoundings September 2016 - ADVERTISERS INDEX
ILMA Compoundings September 2016 - 43
ILMA Compoundings September 2016 - 44
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