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

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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