HAWAIIAN MEMORIES INC Hawaiian Memories, Inc. (HMI) is a C corporation that was formed in 2012 in Maui. The company markets to tourists its specialty photography of the islands of Hawaii. The initial incorporators were Angie Lee and Bob Lin, a married couple, who now own 1,000 shares of voting common stock and 100 shares of preferred stock each. The company has eight employees who collectively own 500 shares of nonvoting stock. Most of the employees have worked for the company for several years. They purchase the stock when the company offers it at the end of each year. Two employees own 100 shares each; the other six own 50 shares each. None of the HMI shareholders are related to each other by blood or marriage, except for Angie and Bob. All individual shareholders are native Hawaiians except for Inge; she is a Swedish citizen and has lived on Maui and worked for HMI for three years. Inge plans to move back to Sweden in one year and try to develop markets for HMI products there. Another stockholder is the Plantation Sugar Partnership (PSP). PSP owns 500 nonvoting common shares; it supplies raw sugar in bulk to HMI. Bob Lin and his sister Katie each own 50% of PSP. Hawaiian Memories Inc Plantation Sugar Ernie, Frank, Gertie, Partnership Angie Bob Carl, Donna 300 non-voting 1,000 voting common Hannah, Inge, Jerry 1,000 voting common 100 non-voting common 100 preferred 100 preferred common each 90 non-voting common each Bob Katie The corporation uses a June 30 year end. All of the HMI shareholders use calendar years. Financial statements for the year ended June 30, 2017 are attached. HMI does not expect that it will generate any significant increases in investment or passive activity income in the coming years