Avid Technology, Inc. | ||
(Exact Name of Registrant as Specified in Charter) | ||
Delaware | 1-36254 | 04-2977748 |
(State or Other Jurisdiction of Incorporation) | (Commission File No.) | (I.R.S. Employer Identification Number) |
75 Network Drive Burlington, MA | 01803 | |
(Address of Principal Executive Offices) | (Zip Code) | |
Jason A. Duva | (978) 640-3379 | |
(Name and telephone number, including area code, of the person to contact in connection with this report.) | ||
Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies: | ||
ý Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2017. |
AVID TECHNOLOGY, INC. | |
(Registrant) | |
Date: May 31, 2018 | By: /s/ Jason A. Duva Name: Jason A. Duva Title: EVP, Chief Legal and Administrative Officer |
• | Step 1A - Adopt, and clearly communicate to suppliers and the public, a company policy for the supply chain of minerals originating from conflict-affected and high-risk areas. |
• | Implemented a conflict minerals policy |
• | Policy made publicly available |
• | http://files.shareholder.com/downloads/AVID/0x0x758648/A80D5344-ED5B-4136-B377-776F6846BD0E/CONFLICT_MINERALS_STATEMENT.pdf |
• | Policy communicated directly to suppliers as part of RCOI process |
• | Step 1B - Structure internal management to support supply chain due diligence |
• | Maintained an internal cross functional team to support supply chain due diligence |
• | Appointed a member of the senior staff with the necessary competence, knowledge, and experience to oversee supply chain due diligence |
• | Applied the resources necessary to support the operation and monitoring of these processes including internal resources and external consulting support. |
• | Step 1C - Establish a system of transparency, information collection and control over the supply chain |
• | Implemented a process to collect required supplier and smelter RCOI and due diligence data. Full details on the supply chain data gathering are included in the RCOI and due diligence sections of this Report. |
• | Step 1D - Strengthen company engagement with suppliers |
• | Directly engaged suppliers during RCOI process. |
• | Reviewed supplier responses as part of RCOI process. |
• | Added conflict minerals compliance to new supplier contracts and Avid’s supplier code of conduct. |
• | Implemented a plan to improve the quantity and quality of supplier and smelter responses year over year. |
• | Step 1E - Establish a company and/or mine level grievance mechanism. |
• | Recognized the RMAP’s three audit protocols for gold, tin/tantalum, and tungsten as valid sources of smelter or mine level grievances. |
• | Avid’s ethics violations reporting system allows employees to voice confidentially without any fear of retribution, any concerns with the violations of the Avid’s conflict minerals policy |
• | Stage 1 - Supplier RCOI (Step 2A of the OECD Due Diligence Guidance) |
• | Stage 2 - Smelter RCOI (Step 2B of the OECD Due Diligence Guidance) |
• | Developing a list of suppliers providing 3TG containing components to Avid. |
• | Contacting each supplier and requesting the industry standard Conflict Minerals Reporting Template (“CMRT”) including smelter information. |
• | Reviewing supplier responses for accuracy and completeness. |
• | Amalgamating supplier provided smelters into a single unique list of smelters meeting the definition of a smelter under one of three industry recognized audit protocols. |
• | Reviewing the final smelter list (and compared it to industry peers) to determine if Avid identified reasonably all of the smelters in their supply chain. |
• | Identify the scope of the risk assessment of the mineral supply chain (OECD Step 2B). |
• | Assess whether the smelters/refiners have carried out all elements of due diligence for responsible supply chains of minerals from conflict-affected and high-risk areas (OECD Step 2C). |
• | Where necessary, carry out, including through participation in industry-driven programs, joint spot checks at the mineral smelter/refiner’s own facilities (OECD Step 2D). |
• | For each smelter identified in Avid’s supply chain |
• | Avid attempted direct engagement with the smelter to determine whether or not the smelter sources from the DRC or surrounding countries |
• | For smelters that declared directly (e.g. email correspondence, publicly available conflict minerals policy, or information available on their website) or through their relevant industry association that they did not source from the DRC or surrounding countries, and were not conformant to the RMAP, Avid reviewed publicly available information to determine if there was any contrary evidence to the smelter’s declaration. The sources reviewed included |
• | Public internet search (Google) of the facility in combination with each of the Covered Countries |
• | Review of specific NGO publications. NGO publications reviewed included |
• | Enough Project |
• | Global Witness |
• | Southern Africa Resource Watch |
• | Radio Okapi |
• | The most recent UN Group of Experts report on the DRC |
• | For smelters that did not respond to direct engagement, Avid reviewed publicly available sources to determine if there was any reason to believe that the smelter may have sourced from the Covered Countries during the reporting period. |
• | Avid reviewed the same sources as those used to compare against smelter sourcing declarations. |
• | For high risk smelters (smelters that are sourcing from or there is reason to believe they may be sourcing from the Covered Countries and are not currently conformant to the RMAP), Avid communicates the risk to a designated member of senior management (OECD Step 3A) and conducts risk mitigation on the smelter according to OECD Step 3B. |
• | Additional due diligence to determine if there was any reason to believe the smelter directly or indirectly finance or benefit armed groups in the DRC or adjoining countries. |
• | Verifying with internal stakeholders and relevant suppliers whether 3TGs from the specific smelter were actually in Avid’s supply chain in the 2017 reporting period. |
• | Direct engagement with the high-risk smelter to verify risk and to encourage the smelter to become conflict free. |
a. | Including a conflict minerals clause in all new and renewing supplier contracts. |
b. | Continuing to drive our suppliers to obtain current, accurate, and complete information about the smelters in their supply chain. |
c. | Engaging smelters sourcing from the Covered Countries to be audited and conformant to a protocol recognized by the RMAP. |
d. | Follow up in 2018 on smelters requiring risk mitigation, but not removal from Avid’s supply chain. |
Metal | Smelter |
Gold | Abington Reldan Metals, LLC |
Gold | Advanced Chemical Company |
Gold | Aida Chemical Industries Co., Ltd. |
Gold | Al Etihad Gold Refinery DMCC |
Gold | Allgemeine Gold-und Silberscheideanstalt A.G. |
Gold | Almalyk Mining and Metallurgical Complex (AMMC) |
Gold | AngloGold Ashanti Córrego do Sítio Mineração |
Gold | Argor-Heraeus S.A. |
Gold | Asahi Pretec Corp. |
Gold | Asahi Refining Canada Ltd. |
Gold | Asahi Refining USA Inc. |
Gold | Asaka Riken Co., Ltd. |
Gold | Atasay Kuyumculuk Sanayi Ve Ticaret A.S. |
Gold | AU Traders and Refiners |
Gold | Aurubis AG |
Gold | Bangalore Refinery |
Gold | Bangko Sentral ng Pilipinas (Central Bank of the Philippines) |
Gold | Boliden AB |
Gold | C. Hafner GmbH + Co. KG |
Gold | Caridad |
Gold | CCR Refinery - Glencore Canada Corporation |
Gold | Cendres + Métaux S.A. |
Gold | Chimet S.p.A. |
Gold | Chugai Mining |
Gold | Daejin Indus Co., Ltd. |
Gold | Daye Non-Ferrous Metals Mining Ltd. |
Gold | Degussa Sonne / Mond Goldhandel GmbH |
Gold | DODUCO Contacts and Refining GmbH |
Gold | Dowa |
Gold | DS PRETECH Co., Ltd. |
Gold | DSC (Do Sung Corporation) |
Gold | Eco-System Recycling Co., Ltd. |
Gold | Emirates Gold DMCC |
Gold | Fidelity Printers and Refiners Ltd. |
Gold | Geib Refining Corporation |
Gold | Gold Refinery of Zijin Mining Group Co., Ltd. |
Gold | Great Wall Precious Metals Co., Ltd. of CBPM |
Gold | Guangdong Jinding Gold Limited |
Gold | Gujarat Gold Centre |
Gold | Guoda Safina High-Tech Environmental Refinery Co., Ltd. |
Gold | Hangzhou Fuchunjiang Smelting Co., Ltd. |
Gold | HeeSung Metal Ltd. |
Gold | Heimerle + Meule GmbH |
Gold | Heraeus Metals Hong Kong Ltd. |
Gold | Heraeus Precious Metals GmbH & Co. KG |
Gold | Hunan Chenzhou Mining Co., Ltd. |
Gold | HwaSeong CJ Co., Ltd. |
Gold | Inner Mongolia Qiankun Gold and Silver Refinery Share Co., Ltd. |
Gold | Ishifuku Metal Industry Co., Ltd. |
Gold | Istanbul Gold Refinery |
Gold | Italpreziosi |
Gold | Japan Mint |
Gold | Jiangxi Copper Co., Ltd. |
Gold | JSC Ekaterinburg Non-Ferrous Metal Processing Plant |
Gold | JSC Uralelectromed |
Gold | JX Nippon Mining & Metals Co., Ltd. |
Gold | Kaloti Precious Metals |
Gold | Kazakhmys Smelting LLC |
Gold | Kazzinc |
Gold | Kennecott Utah Copper LLC |
Gold | KGHM Polska MiedŸ Spó³ka Akcyjna |
Gold | Kojima Chemicals Co., Ltd. |
Gold | Korea Zinc Co., Ltd. |
Gold | Kyrgyzaltyn JSC |
Gold | Kyshtym Copper-Electrolytic Plant ZAO |
Gold | L'azurde Company For Jewelry |
Gold | L'Orfebre S.A. |
Gold | Lingbao Gold Co., Ltd. |
Gold | Lingbao Jinyuan Tonghui Refinery Co., Ltd. |
Gold | LS-NIKKO Copper Inc. |
Gold | Luoyang Zijin Yinhui Gold Refinery Co., Ltd. |
Gold | Marsam Metals |
Gold | Materion |
Gold | Matsuda Sangyo Co., Ltd. |
Gold | Metalor Technologies (Hong Kong) Ltd. |
Gold | Metalor Technologies (Singapore) Pte., Ltd. |
Gold | Metalor Technologies (Suzhou) Ltd. |
Gold | Metalor Technologies S.A. |
Gold | Metalor USA Refining Corporation |
Gold | Metalúrgica Met-Mex Peñoles S.A. De C.V. |
Gold | Mitsubishi Materials Corporation |
Gold | Mitsui Mining and Smelting Co., Ltd. |
Gold | MMTC-PAMP India Pvt., Ltd. |
Gold | Modeltech Sdn Bhd |
Gold | Morris and Watson |
Gold | Morris and Watson Gold Coast |
Gold | Moscow Special Alloys Processing Plant |
Gold | Nadir Metal Rafineri San. Ve Tic. A.ª. |
Gold | Navoi Mining and Metallurgical Combinat |
Gold | NH Recytech Company |
Gold | Nihon Material Co., Ltd. |
Gold | Ögussa Österreichische Gold- und Silber-Scheideanstalt GmbH |
Gold | Ohura Precious Metal Industry Co., Ltd. |
Gold | OJSC "The Gulidov Krasnoyarsk Non-Ferrous Metals Plant" (OJSC Krastsvetmet) |
Gold | OJSC Novosibirsk Refinery |
Gold | PAMP S.A. |
Gold | Pease & Curren |
Gold | Penglai Penggang Gold Industry Co., Ltd. |
Gold | Planta Recuperadora de Metales SpA |
Gold | Prioksky Plant of Non-Ferrous Metals |
Gold | PT Aneka Tambang (Persero) Tbk |
Gold | PX Précinox S.A. |
Gold | Rand Refinery (Pty) Ltd. |
Gold | Refinery of Seemine Gold Co., Ltd. |
Gold | Remondis Argentia B.V. |
Gold | Republic Metals Corporation |
Gold | Royal Canadian Mint |
Gold | SAAMP |
Gold | Sabin Metal Corp. |
Gold | Safimet S.p.A |
Gold | SAFINA A.S. |
Gold | Sai Refinery |
Gold | Samduck Precious Metals |
Gold | SAMWON Metals Corp. |
Gold | SAXONIA Edelmetalle GmbH |
Gold | SEMPSA Joyería Platería S.A. |
Gold | Shandong Tiancheng Biological Gold Industrial Co., Ltd. |
Gold | Shandong Zhaojin Gold & Silver Refinery Co., Ltd. |
Gold | Sichuan Tianze Precious Metals Co., Ltd. |
Gold | Singway Technology Co., Ltd. |
Gold | SOE Shyolkovsky Factory of Secondary Precious Metals |
Gold | Solar Applied Materials Technology Corp. |
Gold | State Research Institute Center for Physical Sciences and Technology |
Gold | Sudan Gold Refinery |
Gold | Sumitomo Metal Mining Co., Ltd. |
Gold | SungEel HiMetal Co., Ltd. |
Gold | T.C.A S.p.A |
Gold | Tanaka Kikinzoku Kogyo K.K. |
Gold | The Refinery of Shandong Gold Mining Co., Ltd. |
Gold | Tokuriki Honten Co., Ltd. |
Gold | Tongling Nonferrous Metals Group Co., Ltd. |
Gold | Tony Goetz NV |
Gold | TOO Tau-Ken-Altyn |
Gold | Torecom |
Gold | Umicore Brasil Ltda. |
Gold | Umicore Precious Metals Thailand |
Gold | Umicore S.A. Business Unit Precious Metals Refining |
Gold | United Precious Metal Refining, Inc. |
Gold | Universal Precious Metals Refining Zambia |
Gold | Valcambi S.A. |
Gold | Western Australian Mint (T/a The Perth Mint) |
Gold | WIELAND Edelmetalle GmbH |
Gold | Yamakin Co., Ltd. |
Gold | Yokohama Metal Co., Ltd. |
Gold | Yunnan Copper Industry Co., Ltd. |
Gold | Zhongyuan Gold Smelter of Zhongjin Gold Corporation |
Tantalum | Asaka Riken Co., Ltd. |
Tantalum | Changsha South Tantalum Niobium Co., Ltd. |
Tantalum | D Block Metals, LLC |
Tantalum | Exotech Inc. |
Tantalum | F&X Electro-Materials Ltd. |
Tantalum | FIR Metals & Resource Ltd. |
Tantalum | Global Advanced Metals Aizu |
Tantalum | Global Advanced Metals Boyertown |
Tantalum | Guangdong Rising Rare Metals-EO Materials Ltd. |
Tantalum | Guangdong Zhiyuan New Material Co., Ltd. |
Tantalum | H.C. Starck Co., Ltd. |
Tantalum | H.C. Starck Hermsdorf GmbH |
Tantalum | H.C. Starck Inc. |
Tantalum | H.C. Starck Ltd. |
Tantalum | H.C. Starck Smelting GmbH & Co. KG |
Tantalum | H.C. Starck Tantalum and Niobium GmbH |
Tantalum | Hengyang King Xing Lifeng New Materials Co., Ltd. |
Tantalum | Jiangxi Dinghai Tantalum & Niobium Co., Ltd. |
Tantalum | Jiangxi Tuohong New Raw Material |
Tantalum | Jiujiang Janny New Material Co., Ltd. |
Tantalum | JiuJiang JinXin Nonferrous Metals Co., Ltd. |
Tantalum | Jiujiang Nonferrous Metals Smelting Company Limited |
Tantalum | Jiujiang Zhongao Tantalum & Niobium Co., Ltd. |
Tantalum | KEMET Blue Metals |
Tantalum | KEMET Blue Powder |
Tantalum | LSM Brasil S.A. |
Tantalum | Metallurgical Products India Pvt., Ltd. |
Tantalum | Mineração Taboca S.A. |
Tantalum | Mitsui Mining & Smelting |
Tantalum | Ningxia Orient Tantalum Industry Co., Ltd. |
Tantalum | NPM Silmet AS |
Tantalum | Power Resources Ltd. |
Tantalum | QuantumClean |
Tantalum | Resind Indústria e Comércio Ltda. |
Tantalum | RFH Tantalum Smeltery Co., Ltd./Yanling Jincheng Tantalum & Niobium Co., Ltd. |
Tantalum | Solikamsk Magnesium Works OAO |
Tantalum | Taki Chemicals |
Tantalum | Telex Metals |
Tantalum | Ulba Metallurgical Plant JSC |
Tantalum | XinXing HaoRong Electronic Material Co., Ltd. |
Tin | Alpha |
Tin | An Vinh Joint Stock Mineral Processing Company |
Tin | Chenzhou Yunxiang Mining and Metallurgy Co., Ltd. |
Tin | Chifeng Dajingzi Tin Industry Co., Ltd. |
Tin | China Tin Group Co., Ltd. |
Tin | CV Ayi Jaya |
Tin | CV Dua Sekawan |
Tin | CV Gita Pesona |
Tin | CV United Smelting |
Tin | CV Venus Inti Perkasa |
Tin | Dowa |
Tin | Electro-Mechanical Facility of the Cao Bang Minerals & Metallurgy Joint Stock Company |
Tin | EM Vinto |
Tin | Estanho de Rondônia S.A. |
Tin | Fenix Metals |
Tin | Gejiu Fengming Metallurgy Chemical Plant |
Tin | Gejiu Jinye Mineral Company |
Tin | Gejiu Kai Meng Industry and Trade LLC |
Tin | Gejiu Non-Ferrous Metal Processing Co., Ltd. |
Tin | Gejiu Yunxin Nonferrous Electrolysis Co., Ltd. |
Tin | Gejiu Zili Mining And Metallurgy Co., Ltd. |
Tin | Guangdong Hanhe Non-Ferrous Metal Co., Ltd. |
Tin | Guanyang Guida Nonferrous Metal Smelting Plant |
Tin | HuiChang Hill Tin Industry Co., Ltd. |
Tin | Huichang Jinshunda Tin Co., Ltd. |
Tin | Jiangxi Ketai Advanced Material Co., Ltd. |
Tin | Jiangxi New Nanshan Technology Ltd. |
Tin | Magnu's Minerais Metais e Ligas Ltda. |
Tin | Malaysia Smelting Corporation (MSC) |
Tin | Melt Metais e Ligas S.A. |
Tin | Metallic Resources, Inc. |
Tin | Metallo Belgium N.V. |
Tin | Metallo Spain S.L.U. |
Tin | Mineração Taboca S.A. |
Tin | Minsur |
Tin | Mitsubishi Materials Corporation |
Tin | Modeltech Sdn Bhd |
Tin | Nghe Tinh Non-Ferrous Metals Joint Stock Company |
Tin | O.M. Manufacturing (Thailand) Co., Ltd. |
Tin | O.M. Manufacturing Philippines, Inc. |
Tin | Operaciones Metalurgical S.A. |
Tin | PT Aries Kencana Sejahtera |
Tin | PT Artha Cipta Langgeng |
Tin | PT ATD Makmur Mandiri Jaya |
Tin | PT Babel Inti Perkasa |
Tin | PT Bangka Prima Tin |
Tin | PT Bangka Tin Industry |
Tin | PT Belitung Industri Sejahtera |
Tin | PT Bukit Timah |
Tin | PT DS Jaya Abadi |
Tin | PT Eunindo Usaha Mandiri |
Tin | PT Inti Stania Prima |
Tin | PT Karimun Mining |
Tin | PT Kijang Jaya Mandiri |
Tin | PT Lautan Harmonis Sejahtera |
Tin | PT Menara Cipta Mulia |
Tin | PT Mitra Stania Prima |
Tin | PT Panca Mega Persada |
Tin | PT Premium Tin Indonesia |
Tin | PT Prima Timah Utama |
Tin | PT Rajehan Ariq |
Tin | PT Refined Bangka Tin |
Tin | PT Sariwiguna Binasentosa |
Tin | PT Stanindo Inti Perkasa |
Tin | PT Sukses Inti Makmur |
Tin | PT Sumber Jaya Indah |
Tin | PT Timah (Persero) Tbk Kundur |
Tin | PT Timah (Persero) Tbk Mentok |
Tin | PT Tinindo Inter Nusa |
Tin | PT Tommy Utama |
Tin | Resind Indústria e Comércio Ltda. |
Tin | Rui Da Hung |
Tin | Soft Metais Ltda. |
Tin | Super Ligas |
Tin | Thaisarco |
Tin | Tuyen Quang Non-Ferrous Metals Joint Stock Company |
Tin | White Solder Metalurgia e Mineração Ltda. |
Tin | Yunnan Chengfeng Non-ferrous Metals Co., Ltd. |
Tin | Yunnan Tin Company Limited |
Tungsten | A.L.M.T. TUNGSTEN Corp. |
Tungsten | ACL Metais Eireli |
Tungsten | Asia Tungsten Products Vietnam Ltd. |
Tungsten | Chenzhou Diamond Tungsten Products Co., Ltd. |
Tungsten | Chongyi Zhangyuan Tungsten Co., Ltd. |
Tungsten | Fujian Jinxin Tungsten Co., Ltd. |
Tungsten | Ganzhou Haichuang Tungsten Co., Ltd. |
Tungsten | Ganzhou Huaxing Tungsten Products Co., Ltd. |
Tungsten | Ganzhou Jiangwu Ferrotungsten Co., Ltd. |
Tungsten | Ganzhou Seadragon W & Mo Co., Ltd. |
Tungsten | Ganzhou Yatai Tungsten Co., Ltd. |
Tungsten | Global Tungsten & Powders Corp. |
Tungsten | Guangdong Xianglu Tungsten Co., Ltd. |
Tungsten | H.C. Starck Smelting GmbH & Co. KG |
Tungsten | H.C. Starck Tungsten GmbH |
Tungsten | Hunan Chenzhou Mining Co., Ltd. |
Tungsten | Hunan Chuangda Vanadium Tungsten Co., Ltd. Wuji |
Tungsten | Hunan Chunchang Nonferrous Metals Co., Ltd. |
Tungsten | Hunan Litian Tungsten Industry Co., Ltd. |
Tungsten | Hydrometallurg, JSC |
Tungsten | Japan New Metals Co., Ltd. |
Tungsten | Jiangwu H.C. Starck Tungsten Products Co., Ltd. |
Tungsten | Jiangxi Dayu Longxintai Tungsten Co., Ltd. |
Tungsten | Jiangxi Gan Bei Tungsten Co., Ltd. |
Tungsten | Jiangxi Minmetals Gao'an Non-ferrous Metals Co., Ltd. |
Tungsten | Jiangxi Tonggu Non-ferrous Metallurgical & Chemical Co., Ltd. |
Tungsten | Jiangxi Xinsheng Tungsten Industry Co., Ltd. |
Tungsten | Jiangxi Xiushui Xianggan Nonferrous Metals Co., Ltd. |
Tungsten | Jiangxi Yaosheng Tungsten Co., Ltd. |
Tungsten | Kennametal Fallon |
Tungsten | Kennametal Huntsville |
Tungsten | Malipo Haiyu Tungsten Co., Ltd. |
Tungsten | Moliren Ltd. |
Tungsten | Niagara Refining LLC |
Tungsten | Nui Phao H.C. Starck Tungsten Chemicals Manufacturing LLC |
Tungsten | Philippine Chuangxin Industrial Co., Inc. |
Tungsten | South-East Nonferrous Metal Company Limited of Hengyang City |
Tungsten | Tejing (Vietnam) Tungsten Co., Ltd. |
Tungsten | Unecha Refractory Metals Plant |
Tungsten | Vietnam Youngsun Tungsten Industry Co., Ltd. |
Tungsten | Wolfram Bergbau und Hütten AG |
Tungsten | Woltech Korea Co., Ltd. |
Tungsten | Xiamen Tungsten (H.C.) Co., Ltd. |
Tungsten | Xiamen Tungsten Co., Ltd. |
Tungsten | Xinfeng Huarui Tungsten & Molybdenum New Material Co., Ltd. |
Tungsten | Xinhai Rendan Shaoguan Tungsten Co., Ltd. |