-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 JiXUsg5fZJpcdXsiNTs/+qv36h9TflBCuUad65lJC4lhE7KyJH4JiXKxU4wRF1KP
 jna8FWt+kyEnimflEbOrcA==

<SEC-DOCUMENT>0001169232-05-004683.txt : 20050926
<SEC-HEADER>0001169232-05-004683.hdr.sgml : 20050926
<ACCEPTANCE-DATETIME>20050926153634
ACCESSION NUMBER:		0001169232-05-004683
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050920
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20050926
DATE AS OF CHANGE:		20050926

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMTECH TELECOMMUNICATIONS CORP /DE/
		CENTRAL INDEX KEY:			0000023197
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		IRS NUMBER:				112139466
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-07928
		FILM NUMBER:		051102849

	BUSINESS ADDRESS:	
		STREET 1:		105 BAYLIS RD
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
		BUSINESS PHONE:		6317778900

	MAIL ADDRESS:	
		STREET 1:		105 BAYLIS ROAD
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMTECH INC
		DATE OF NAME CHANGE:	19870503

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMTECH TELECOMMUNICATIONS CORP
		DATE OF NAME CHANGE:	19831215

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMTECH LABORATORIES INC
		DATE OF NAME CHANGE:	19780425
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d65449_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<HTML>
<HEAD>
<TITLE> </TITLE>
</HEAD>
<BODY bgcolor="#ffffff">

<div style='width:600;'>

<BR>

<div style="border:none;border-bottom:solid .05em;padding:0in 0in 1.0pt 0in">
<div style=" border:none;border-bottom:solid .25em;padding:0in 0in 1.0pt 0in">
<p>&nbsp;</p></div></div><BR>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b>U<small>NITED</small> S<small>TATES </small><BR>
S<small>ECURITIES</small> <small>AND</small> E<small>XCHANGE</small> C<small>OMMISSION</small><BR>
W<small>ASHINGTON</small>, D.C. 20549 </b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b>FORM 8-K</b></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b>C<small>URRENT</small> R<small>EPORT</small></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b>P<small>URSUANT</small> <small>TO</small> S<small>ECTION</small> 13 <small>OR</small> 15(d) <small>OF</small> <small>THE</small></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b>S<small>ECURITIES</small> E<small>XCHANGE</small> A<small>CT</small> <small>OF</small> 1934</b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>


<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr >
        <td width="319" valign=top style='padding:0in .5in 0in .5in'>
            <div style='border-bottom:solid black 1.0pt;border-color:gray; padding:0in 0in 1.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0in'><b><font size=2>September 20, 2005 </FONT></b></p> </div> </td>
        <td width="319" valign=top style='padding:0in .5in 0in .5in'>
            <div style='border-bottom:solid black 1.0pt; padding:0in 0in 1.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0in'><b><font size=2>0-7928 </FONT></b></p> </div> </td> </tr>
    <tr >
        <td width="319" valign=top style='padding:0in .5in 0in .5in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0in'><font size=2>Date of Report  </FONT></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0in'><font size=2>(Date of earliest event reported) </FONT></p> </td>
        <td width="319" valign=top style='padding:0in .5in 0in .5in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:6pt'><font size=2>Commission File Number </FONT></p> </td> </tr></table>

<BR>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><img src="img1.jpg"><br> </p>

<BR>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(Exact name of registrant as specified in its charter)  </FONT></p>

<BR><BR>

<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr >
        <td width="319" valign=top style='padding:0in .5in 0in .5in'>
            <div style='border-bottom:solid black 1.0pt; padding:0in 0in 1.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0in'><b><font size=2>Delaware </FONT></b></p> </div> </td>
        <td width="319" valign=top style='padding:0in .5in 0in .5in'>
            <div style='border-bottom:solid black 1.0pt; padding:0in 0in 1.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0in'><b><font size=2>11-2139466 </FONT></b></p> </div> </td> </tr>
    <tr >
        <td width="319" valign=top style='padding:0in .5in 0in .5in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0in'><font size=2>(State or other jurisdiction of incorporation or organization) </FONT></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0in'><font size=1>&nbsp; </FONT></p> </td>
        <td width="319" valign=top style='padding:0in .5in 0in .5in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0in'><font size=2>(I.R.S. Employer Identification Number) </FONT></p> </td> </tr></table>


<table border="0" cellspacing=0 cellpadding=0 width="638" style='border-collapse:collapse'>
    <tr style='page-break-inside:avoid'>
        <td width="638" valign=top style='padding:0in 1.5in 0in 1.5in'>
            <div style='border-bottom:solid black 1.0pt; padding:0in 0in 1.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0in'><font size=1>&nbsp; </FONT></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0in'><b><font size=2>105 Baylis Road </FONT></b><br> <b><font size=2>Melville, New York  11747 </FONT></b></p> </div> </td> </tr>
    <tr style='page-break-inside:avoid;height:29.25pt'>
        <td width="638" valign=top style='padding:0in 1.5in 0in 1.5in; height:29.25pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0in'><font size=2>(Address of Principal Executive Offices) (Zip Code) </FONT></p> </td> </tr>
    <tr style='page-break-inside:avoid'>
        <td width="638" valign=top style='padding:0in 1.5in 0in 1.5in'>
            <div style='border-bottom:solid black 1.0pt; padding:0in 0in 1.0pt 0in'>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0in'><b><font size=2>(631) 777-8900 </FONT></b></p> </div> </td> </tr>
    <tr style='page-break-inside:avoid; height:27.0pt'>
        <td width="638" valign=top style='padding:0in 1.5in 0in 1.5in; height:27.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0in'><font size=2>(Registrant&#146;s telephone number, including area code) </FONT></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:  </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2><font face=Wingdings>o </FONT>  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2><font face=Wingdings>o </FONT>  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2><font face=Wingdings>o </FONT>  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:0.5in;text-align:left;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2><font face=Wingdings>o </FONT>  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></p>

<div style="border:none;border-bottom:solid .25em;padding:0in 0in 1.0pt 0in">
<div style="border:none;border-bottom:solid .05em;padding:0in 0in 1.0pt 0in">
<p>&nbsp;</p></div></div><BR>

<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>
<pAGE>

<BR>

<table border="0" cellspacing=0 cellpadding=0 width="392" style='border-collapse:collapse'>
    <tr >
        <td width="96" valign=top >
            <p style='margin-left:0pt;border-color:gray;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Item 1.01 </FONT></b></p> </td>
        <td width="296" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><b><font size=2>Entry into a Material Definitive Agreement. </FONT></b></u></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>On September 20, 2005, the Executive Compensation Committee (the &#147;Committee&#148;) of the Board of Directors (the &#147;Board&#148;) of Comtech Telecommunications Corp. (the &#147;Company&#148;), approved fiscal 2005 bonus awards for the named executive officers (the &#147;Named Executive Officers&#148;) in the Company&#146;s most recent Proxy Statement.  </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>In the case of Fred Kornberg, the Company&#146;s Chairman of the Board, Chief Executive Officer and President, the Committee awarded a total cash bonus of $1,935,346. In the case of Robert G. Rouse, the Company&#146;s Executive Vice President and Chief Financial Officer, the Committee awarded a total cash bonus of $705,000.  Both cash bonus awards were based, in part, on the discretionary authority of the Committee, as provided for in Messrs. Kornberg and Rouse&#146;s respective employment agreements. </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>In addition, in accordance with the Company&#146;s Incentive Compensation Plan for Subsidiary Presidents and Key Employees, the Committee approved fiscal 2006 performance measures and bonus goals for certain of the Named Executive Officers. The fiscal 2005 cash bonus amounts and fiscal 2006 bonus goals for these Named Executive Officers are based on a percentage of the relevant subsidiary&#146;s pre-tax profits and the attainment of various performance measures, plus such additional amounts, if any, as the Committee or the Board may determine. These performance measures and bonus goals were developed by corporate senior management and submitted to the Committee for its consideration. The fiscal 2005 bonus awards and fiscal 2006 performance measures and related weightings for these Named Executive Officers are as set forth in the chart below: </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:justify;'><font size=2>&nbsp;  </FONT></p>


<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600>
<TR VALIGN=Bottom>
     <TH COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=1> </FONT></TH>
     <TH COLSPAN=4><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Fiscal 2005<BR>
Bonuses </FONT><HR WIDTH=90% SIZE=1 COLOR=#808080 NOSHADE></TH>
     <TH COLSPAN=15><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Fiscal 2006 Performance Measures (1) </FONT><HR WIDTH=95% SIZE=1 COLOR=#808080 NOSHADE></TH>
</TR>
<TR VALIGN=Bottom>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=1> </FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=1> </FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Operating<BR>
Profit </FONT><HR WIDTH=50% SIZE=1 COLOR=#808080 NOSHADE></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=1>New<BR>
Orders </FONT><HR WIDTH=50% SIZE=1 COLOR=#808080 NOSHADE></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Cash<BR>
Flow </FONT><HR WIDTH=50% SIZE=1 COLOR=#808080 NOSHADE></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Personal<BR>
Goals </FONT><HR WIDTH=50% SIZE=1 COLOR=#808080 NOSHADE></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Total </FONT><HR WIDTH=50% SIZE=1 COLOR=#808080 NOSHADE></TH>
</TR>
<TR VALIGN=Bottom>
     <TD WIDTH=23% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Robert McCollum </FONT></TD>
     <TD WIDTH=1% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$ </FONT></TD><TD WIDTH=7% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 615,000 </FONT></TD>
        <TD WIDTH=3% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD WIDTH=6% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>25 </FONT></TD>
        <TD WIDTH=6% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>% </FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD WIDTH=6% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>25 </FONT></TD>
        <TD WIDTH=6% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>% </FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD WIDTH=6% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>25 </FONT></TD>
        <TD WIDTH=6% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>% </FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD WIDTH=6% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>25 </FONT></TD>
        <TD WIDTH=6% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>% </FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD WIDTH=6% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>100 </FONT></TD>
        <TD WIDTH=4% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>% </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Richard L. Burt </FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>352,895 </FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>25 </FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>% </FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>25 </FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>% </FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>25 </FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>% </FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>25 </FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>% </FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>100 </FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>% </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>J. Preston Windus, Jr. </FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>100,000 </FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2 </FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>) </FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2 </FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>) </FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2 </FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>) </FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2 </FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>) </FONT></TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD><TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2 </FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>) </FONT></TD></TR>
</TABLE>


<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in;text-align:left;'><font size=2>&nbsp; </FONT></p>


<table  border="0" cellspacing=0 cellpadding=0 style='margin-left:.25in;border-collapse:collapse'>
    <tr >
        <td width="24" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(1) </FONT></p> </td>
        <td  valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>The fiscal 2006 targets associated with each performance measure are not disclosed in this report because these amounts are confidential business information, the disclosure of which could have an adverse effect on the Company. The percentages in the above table represent the percentage of the total cash bonus goal related to each performance measure. Except for personal goals, the percentage factor for each performance measure goal can be decreased or increased proportionally as a function of each goal achievement from a minimum of 70% up to a maximum of 150%. Achievement of less than 70% of any goal results in that percentage factor being reduced to zero. Performance measure goals exclude non-recurring items that were not considered in the business plan approved by the Board at the beginning of the fiscal year.  </FONT></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp; </FONT></p>


<table border="0" cellspacing=0 cellpadding=0 width="475" style='margin-left:.25in;border-collapse:collapse'>
    <tr >
        <td width="24" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>(2) </FONT></p> </td>
        <td width="451" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Mr. Windus intends to retire from the Company on or about December 31, 2005. </FONT></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0.5in; text-indent:-0.25in;text-align:justify;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'>
</p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>2 </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>
<br>
<HR noshade align="center" width="100%" size="2">
<p style='page-break-before:always'></p>
<pAGE>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:12pt; margin-top:0pt;text-align:center;'><b><font SIZE=2>SIGNATURE </FONT></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>Pursuant to the requirements of the Securities Exchange Act of 1934, Comtech Telecommunications Corp. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></p>

<p style=' margin-bottom:12pt; margin-top:24pt; margin-left:3.25in; text-indent:-0.25in;text-align:left;'><font SIZE=2>COMTECH TELECOMMUNICATIONS CORP. </FONT></p>


<table border="0" cellspacing=0 cellpadding=0 width="459" style='border-collapse:collapse'>
    <tr >
        <td width="32" valign=top style='padding:0in 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Dated: </FONT></p> </td>
        <td width="137" valign=top style='padding:0in 0in 6.0pt 0in'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>September 26, 2005 </FONT></p> </td>
        <td   colspan="3">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp; </FONT></td> </tr>
    <tr >
        <td   colspan="3">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp; </FONT></td>
        <td width="30" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By: </FONT></p> </td>
        <td width="135" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/ Robert G. Rouse </FONT></u></p> </td> </tr>
    <tr>
        <td width="32" ></td>

        <td width="137" ></td>

        <td width="103" ></td>

        <td width="30" ></td>

        <td width="135" ></td> </tr> </table>


<table border="0" cellspacing=0 cellpadding=0 width="211" style='margin-left:3.25in;border-collapse:collapse'>
    <tr >
        <td width="43" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Name:   </FONT></p> </td>
        <td width="168" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Robert G. Rouse </FONT></p> </td> </tr>
    <tr >
        <td width="43" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Title:   </FONT></p> </td>
        <td width="168" valign=top >
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Executive Vice President </FONT></p> </td> </tr>
</table>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:3.25in; text-indent:0.5in;text-align:left;'><font size=2>and Chief Financial Officer </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>3 </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp; </FONT></p>


</div>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>img1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img1.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!#`0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P``1"``\`0`#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#V6BBJ&M:W
MI_A[2Y=2U.X6"WB')/5CV4#N3Z4`7ZY77OB3X5\/.T5UJ2S7"\&"V'F,#Z''
M`_$UXSXT^*VL^)Y)+6S=].TT\"*-L/(/]MA_(<?6N3T?0=5U^[^RZ58S7<O<
M1KPH]2>@'UH`]=OOC_:J2+#099!V:><+G\`#_.J4?[0%UO\`WOAZ$K_LW)!_
M]!K-L?@AJCJ#JFM:?8.?^68;S&'\A^M7+OX!Z@L!DT_7+:X;&0LD10'\030%
MSJM%^-_AO495AOXKC3'8XW2#?'_WT.1^5>AVUS!>6Z7%M-'-#(,I)&P96'L1
M7R5KF@:IX<U!K'5;1[>8<C/(<>JD<$5O_#[Q_>^#M41))'ETN9L7$!.=N?XU
M]"/UH`^FZ*C@GBN8(YX'$D4JAT=>C`C(-24`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`V21(HVDD8(B`LS$X``ZFOF3XB
M^-I_&.O.T;LNFVS%+6+H".[D>I_0<5[/\7=6DTKX?W8A;;)=NMOD=<-][]`1
M^-?-0!)``R3TH`ZKP'X'G\7Z@[RR?9M,M/FNKD\8'7:/<_I7IB:I]DCCTGPS
M:-IUC&WRF(A9).VYVSS6Q+H'_"+_``NATJV3]X0AN6'&YFY<G\>/H!7,:5KL
M=DC+-`"1PK(5SCWYKMPU).+G:YY^*JM24+V1=NK3[-"\DZQ22'D,\D9)/X'F
ML^TU;5]*9'M[Z6)-VX1[EV-_P'=BMG5(9=5B@,$Z0A><^8.<_P#`JY>9YX)G
MB:9\J<'Y@/ZUV4_>5F<52\7='?O9:'\3M&BMM80+=6S;_P!Q(JNO8D<D[3[^
ME4&^!_@]%+-+J"J!DDW"@`?]\TSP9$4U.SN1+)ND!5E,JD$$'MNS[]*D^-7B
M";2/"*6-LY234I#$S`\B,#+#\>!]":\RO!0G9'JX><IPO(Y/6/B>=%M8?"W@
M827$5M^Y2\F'FN_/2,8Y'8$C\*I?\(7\5==C^V75U=HS<A)[W8W_`'R#Q^E=
M/\$/"EI#HS>))XEDN[AVC@9AGRD'!(]R<_@*]7K$Z#YPA\6^/?A[JR6NIRW+
M*.3;7C>8DB_[+<_F#7?^.O'J7OPL@U?1KF6UFOYTB&Q]LD3#+.N1_NX^A]ZF
M^.D%H_@J&>8+]HCNT$#=^0=P^F!G\!7ATNH3'P];Z:2?)6YDG`]RJK_0T`=1
MX$\9ZX/&^DK?:S>SVTEP(I(Y9V92&^7D$^IKZ3KY:U[1V\-+X;OD4J]S9I=$
M_P"WO)_EMKW/QYXWB\-^#%U"W<?;+^,+9K[LN=WT`.?KCUH`\^^+?Q"O6UX:
M-H=_-;16)(GE@D*F23N,CLO3ZYK,\*MXZ\2^']4?2M1O[J<2PQ`M>%=B_,S$
M%CUX4?C7.:CH;Z=X.M-8OLF[U>Y9H=_41(.6^K,P_`>]>T?!73Q8>`$N7&UK
MR=YB3Z#Y1_Z#0!X[J.K^-M*UA](N]:U%;Q'"-&MXS?,<8&0<=Q727-G\0O"V
ME7^J:[J%]%"(#%"3?;\R.0HP`QZ`L<^U96@@^*OC'%,PWI-J+3G_`'%)8?HH
MKN_C[J7E:+I>FJW-Q.TS#V08_FWZ4`<+X>B^(_BFVEN-'U+4;B*%PCL;[9@X
MSCEA72:+I?COP[K%OK'BS4[NWT:S8RW+27X<,`#A=H8EB3@8QWKG_!?Q2G\&
M:(VF6^CPW&^9I6E>4J22`.F/04[XD>.K_P`4V.D6\T"VD;0FYDA1RP+,Q"DG
M_=&?^!&@#5U?XG^+?&6J'3/"5M-;1'[JP+F9AZLW11],8]:KS_#CXF^4;Q[J
M:68#=L&H$R?SQ^M>K_#WPK:>%_"]K%%&OVJXC66YEQR[$9QGT&<"NIH`^?/"
MGQ3\0^&-7&G>(I)[JT5_+F2Y!\Z#W!/)QZ&D\3>*M9UKXG26.DZS=QVDUW';
MQ+;SLJ8^520`>YR:]RU+3=',4^H7NF6<S1QEWDE@5F(4=R1Z"OES2=>?2/$\
M6N16T4LD,S3)$PPF3G'3TS^E`'UHHVJ%R3@8YKY^U?Q)KFM?%F73K#6+V&UD
MU%;=8XIV50JD*<`'V)JX?CYKN/\`D#V`_%_\:R?A!9OJWQ(CO)1N^SI+<N?]
MH\#]6H`^C.E%%%`!1110`4444`>:_'6)W\%6\BCY4O4W>V5:O`(9##,DH&2C
M!L?0U]7^+_#Z>)_"][I+$*\R9B8]%<<J?S%?*M]97.FWLUE>0M#<0.4DC88*
MD4`?6$%Q:^)O#D5S:2AH;N$/&P/W3U_0\'\:\\O_``Z+76(E<_N]X\Z,M@CW
MYDR0?PKS7P=\1-:\&L8K5EN;)VW/:S9VY]5/\)_SBO1F^-/AC5['R=5TS4K=
MCU%NX/Y,&4_I6]&LZ?H<]>@JJOU.D,UH0`2G'3Y__MU8UWHME>:E)<RS1^6R
MCY=W(/\`W]Z5SUSXZ\$RY$%SK]NI&"`H;(]R9.:MZ=\2/!5DX>>;Q#?,#D"X
M(*#_`("'_GFME6C%73.=T)R=I1/0_#>F",I=#`A1-L0&[![9'SL,5R_QPT&Y
MU/PQ;:C;(9#ITI:50,D1L`"?P(%._P"%Z^$_^?;4O^_*?_%4C?'/PDZE6M=1
M96&"#`A!'_?5<DI.3NSMA!05D<S\*/B5IFAZ7_8.MR&WB20O;W&TE1GDJV.G
M/.?>O1;_`.)_@W3[8S-K<%P0,B.WS([>V!T_'%>/ZY=_"W5KA[BUAUK3)'.6
M6"&,QY_W2W'X&L^RA^&T,H>\O/$%RH_@6WBC!^IW$U)9?\0Z[K?Q;\3V]AIE
MFZ6T1(AA)XC!ZR2'H/\`('OC>*]'AM/&$?ARQ8R"U\JTWXP7D.-Q_%F->EZ)
M\5/A]X=L_LNDZ3?6L?\`%M@7<Y]22^3^-<Y'K7PT7Q0/$+S:]+="Z^U;'CCV
M%]V[IUQGWH`V_CII"6V@:%/$ORVC&UR/0J,?^@&N/\.VNI?$WQ-I>G7C'[%I
MMLD<A7HD28S_`,"8\?\`ZJ[/Q5\2?`7B_1_[,U`:LD0D60-%"@8$9]2?4U!X
M1\>_#OP7:3V^FQZL[7#AI)9H4+MCH.".!S^=`&)\;[N-O%-EI5N@2'3[-55%
MZ*6.<#\`M>IOCPG\)S_"]GI>/^!E?_BC7F&M:W\-=>\12ZW>SZ\9Y75V18X]
MGR@`#UQQ71^(_BGX(\3:'-I%TVKPP3;=QAA0-@$'')/I0!SGP(T[[3XMN[]A
ME;2U(!_VG(`_0-4/QRU'[5XVCLP<K96JJ1Z,Q+']"*VO!_CGX>^"HKJ/3CK$
MOVIE+M/"A/RYP!@CU-8VNZI\,_$.M7.K7ESX@$]RVY@D<>T<`8&>W%`':Z'X
MO^&FG:%8V4US8O+!;HCLUDQ)8`9).SGFN'^+-G:ZE/9>*M#Q-I%S%]G\R.,H
MJ.A(Q@@8!'3Z&J7D_"K_`)^O$?\`WQ%7:Z=\2OAYI_AF+P[]EU"YL$0H4GMU
M;>"23GYNN30!?\"?%K0[G1+:QUR[%C?6T8C+R`[)0!@,".AQU!K0\1?&+PSI
M%J_]GW`U2[(^2.'.S/\`M/TQ],FO*]2C^%]U.9+*ZUVR5N?+$*2*/IEL_K4^
MD2?"G3Y5EO/[;U%E.0DL2JGY*PS^=`&[>_$WQ-XA\&:O<-H]K::>(?)>Z#/R
MSG;M3/4\_A1\!=(CN+K5M1FB218T2%-Z@\DDG^0JUXB^('P]\1:!%HDB:K9V
M43JZI:VZ(.,X&,D8YI?"7Q#\`>#=-EL=._M>1)93*[S0H6)P!C@CCB@#K?BG
M+:Z7\/M2D2WA62<+`A"`'+$`_IFN0^`&G?+J^J,.NR!#^;-_[+3_`!;\1?`G
MC'3(]/OY-9AACE$O[B)`20".<D\<U+X4^(G@#P?I+:;I\FJ/&TIE9I8`6)(`
M[$=@*`/7:*\\_P"%W^#_`%O_`/P'_P#KU=U?XL^&-$U*33[PWGGQ!2X2'(&Y
M0P'7K@B@#MJ*XJY^+'AFTTBRU24W@@OFD6$"'YCL(#$C/3)I;CXK^&;;1;35
MI3=BWO))$B'D_,2F-QQGIS0!VE%<U_PGVB?V]!HG^DB[GMQ<#]U\J(4W_,<\
M':*O^&_$EAXJTK^TM-$OV<R-&#*FTDCKQZ<T`:U<CXU^'.C^,T\Z7-IJ"KA+
MJ->2.P8?Q#]?>NNHH`^;M:^#WBW2I&-O:)J,(/$EJV3CW4X/\ZYF7PQX@@<I
M+HFH*P[&V?\`PKZWHH`^1/\`A'M;_P"@-?\`_@,_^%'_``CVM_\`0&O_`/P&
M?_"OKNB@#Y$_X1[6_P#H#7__`(#/_A1_PCVM_P#0&O\`_P`!G_PKZ[HH`^1/
M^$>UO_H#7_\`X#/_`(4?\(]K?_0&O_\`P&?_``KZ[HH`^1/^$>UO_H#7_P#X
M#/\`X4?\(]K?_0&O_P#P&?\`PKZ[HH`^1/\`A'M;_P"@-?\`_@,_^%=+I4VI
M6BV45UX<U*6*U@E7BU.3(V0&^[_"IP.>O-?2U%`'S5`LJ7FGW<WAK5I'MFD:
M5?LORR%BQ!Z=1E>#_=ILKW[V4\0\.ZIODE9B/LORRJ2N-^5)X`(&#W_/Z7HH
M`^<_MDANV>7P?J-S$T,D>V2VVE0Y'RC"\!0,`]>34D>J3+)/*W@:Y:1I_.A_
MT0A8R(]BC&WD`9./4YKZ(HH`^:X);FT-M+%X1OI)8U0NLUH2A9(BB@#;R"S%
MCGKQZ5(9YA=EH/".HVT.6V%+8L\0\M40KE<$C#'G^]ZBOI"B@#YG<W9T^[MT
M\*:C]HN9Q.;MH#O4JX(``0`#;GIU+5*+K49+V6>?PQJ&99Y'5TM#NA4KMC"C
M;C*Y8_E7TG10!\WO=7+6UY$?!EXSSEV28VQWHQ14!^[Z;R1TW,#VJMJGVV]U
MG3[Q/"^H&"T"^9$]J1YF&SC`7`&,#T]ATKZ9HH`^;X+F]ANY97\/:O/_`*O;
M(]H-\@7<3&V$P%8L,XYPH%)%>WL5O:0CP==$6FUES;-\["-ASQ_?;/'8`=J^
MD:*`/E^#1-6UWQ58O+HMW;BYGB6?_162-?F`)''3:`23WS2>+-)UW5/%NJWR
M:+J#)-=2%"+9R-N<+V]`*^H:*`/FWQ=H6L?V;X<TVWTF]D6TTQ6DV6[$+)(S
M.P.!U&1FK.O>&]6N+3PCHL6F7A2.T5IF$#81YI"S`G'!`QFOHFB@#Q&YL=4;
MQUXOUA--N]EM836]H?(;YSA8EV\<\9/%:N@S^)_#/AK1-/L+)T#0&9HVMBQE
2D9F.QC_#_".V,YZ"O6:*`/_9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
