LAS VEGAS (Oct. 31, 2016) — The Tire Industry Association (TIA) elected Tom Formanek president on Oct. 31 during its annual membership meeting at the Tropicana Las Vegas, one day prior to the opening of Automotive Aftermarket Industry Week in Las Vegas.
Mr. Formanek, who is regional sales manager for Stellar Industries, a manufacturer of hydraulic truck equipment, will serve a one-year term. He succeeds Glen Nicholson, senior director retail training for TBC Corp., who steps down as president and becomes immediate past president.
During the membership meeting, TIA also announced three new board members and passed a resolution on tax reform.
Elected to the board were:
- Mason Hess, area manager for Purcell Tire & Rubber Co., based in Tucson, Ariz.;
- Dan Nothdurft, president of Tires Tires Tires, based in Sioux Falls, S.D.; and
- Chuck Space, executive director of the Texas Tire & Automotive Association, who will serve as the board's state/provincial tire association representative.
David Martin, TIA secretary and director of sales, tire supplies and specialty rubber for American Tire Distributors, introduced the TIA resolution.
It calls for lawmakers to oppose legislation that will cause economic hardships to TIA members. This includes:
- Repeal of the LIFO (last-in, first-out) tax break.
- Raising the estate tax. TIA urges lawmakers to repeal this unfair tax so that small business service stations, dealers and repair facility operators can keep their family business operations for future generations.
- Repealing rather than increasing fines, reporting requirements, costs and workweek thresholds of the Affordable Care Act.
- Leveling the playing field with regard to state sales tax between “brick and mortar” retailers and online retailers.
- And repealing the Fair Labor Standards Act changes that raised the salary threshold for overtime pay and required time-and-a-half pay for salaried managers and assistant managers that do not meet the salary threshold exemption.