<SEC-DOCUMENT>0001193125-17-089659.txt : 20170321
<SEC-HEADER>0001193125-17-089659.hdr.sgml : 20170321
<ACCEPTANCE-DATETIME>20170320193533
ACCESSION NUMBER:		0001193125-17-089659
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170317
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170321
DATE AS OF CHANGE:		20170320

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COSTCO WHOLESALE CORP /NEW
		CENTRAL INDEX KEY:			0000909832
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-VARIETY STORES [5331]
		IRS NUMBER:				911223280
		STATE OF INCORPORATION:			WA
		FISCAL YEAR END:			0902

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20355
		FILM NUMBER:		17702656

	BUSINESS ADDRESS:	
		STREET 1:		999 LAKE DRIVE
		CITY:			ISSAQUAH
		STATE:			WA
		ZIP:			98027-
		BUSINESS PHONE:		4253138100

	MAIL ADDRESS:	
		STREET 1:		999 LAKE DRIVE
		CITY:			ISSAQUAH
		STATE:			WA
		ZIP:			98027

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COSTCO COMPANIES INC
		DATE OF NAME CHANGE:	19970401

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PRICE/COSTCO INC
		DATE OF NAME CHANGE:	19930728
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d334685d8k.htm
<DESCRIPTION>8-K
<TEXT>
<HTML><HEAD>
<TITLE>8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of Earliest Event Reported): March&nbsp;17, 2017 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>COSTCO WHOLESALE CORPORATION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Washington</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">0-20355</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">91-1223280</FONT></B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(State or other jurisdiction<BR>of incorporation)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Commission<BR>File No.)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(I.R.S. Employer<BR>Identification No.)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>999 Lake Drive </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Issaquah, WA 98027 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices and zip code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code:
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">425-313-8100</FONT></FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR
<FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal
Officers; Compensatory Arrangements of Certain Officers. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) On March&nbsp;17, 2017, the Board of Directors elected
Mr.&nbsp;Kenneth&nbsp;D. Denman as a director. He was not appointed to serve as a member of any committees of the Board. Mr.&nbsp;Denman&#146;s compensation will be the standard fees paid to all <FONT STYLE="white-space:nowrap">non-executive</FONT>
board members and participation in the Company&#146;s Seventh Amended and Restated 2002 Equity Incentive Plan. Additional information is included in the press release attached as an exhibit. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;&nbsp;9.01. Financial Statements and Exhibits </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(d) Exhibits. The following exhibit is included in this report: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">99.1.</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Press release dated March&nbsp;20, 2017.</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SIGNATURE </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, hereunto duly authorized, on March&nbsp;20, 2017. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">COSTCO WHOLESALE CORPORATION</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Richard A. Galanti</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Richard A. Galanti</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Executive Vice President and Chief Financial Officer</TD></TR>
</TABLE></DIV>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d334685dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:36pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:2.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:36pt; font-family:Times New Roman"><B>Press Release</B></P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:2.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:2.00pt solid #000000"> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="right">


<IMG SRC="g334685g86f46.jpg" ALT="LOGO">
</P> <P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>COSTCO WHOLESALE CORPORATION ANNOUNCES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>NEW BOARD MEMBER </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">ISSAQUAH, Wash.,
March&nbsp;20, 2017 &#150; Costco Wholesale Corporation (&#147;Costco&#148; or the &#147;Company&#148;) (NASDAQ: COST) today announced the election to its Board of Directors of Kenneth D. Denman. Most recently, Ken was the president and chief
executive officer of Emotient, Inc., which built an artificial-intellingence based platform for measuring facial expressions to predict emotions. Emotient was acquired by Apple in January 2016. Previously he was the chief executive officer at
Openwave Systems, Inc. (since renamed Unwired Planet) and iPass, Inc. He is also a member of the boards of directors of Mitek, Inc., Motorola Solutions, Inc., and ShoreTel, Inc. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jeff Brotman, Chairman of the Board, stated: &#147;We are very pleased to welcome Ken as a member of our Board. He is widely recognized as a pioneer and
leader in technology. He brings substantial experience as a seasoned entrepreneur and chief executive and as a board member of prominent companies.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Costco currently operates 728 warehouses, including 508 in the United States and Puerto Rico, 94 in Canada, 37 in Mexico, 28 in the United Kingdom, 25 in
Japan, 13 in Korea, 13 in Taiwan, eight in Australia and two in Spain. Costco also operates electronic commerce web sites in the U.S., Canada, the United Kingdom, Mexico, Korea and Taiwan. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="15%" VALIGN="top" ALIGN="left">CONTACTS:</TD>
<TD ALIGN="left" VALIGN="top">Costco Wholesale Corporation </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="15%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Richard Galanti, 425/313-8203 </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="15%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Bob Nelson, 425/313-8255 </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="15%" VALIGN="top" ALIGN="left">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">David Sherwood, 425/313-8239 </TD></TR></TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g334685g86f46.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g334685g86f46.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" !& .@# 2(  A$! Q$!_\0
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M6<[X@\07.O7IDD)2W0_N8<\*/4^]9:(TCJB*69C@*HR2:2NP^'%K;S:I<SR
M-+#&/+![9/)_SZUPQ3J2L^I]75E#"4'**TCT,Z+P/X@FA$HLU3(R%>4!ORK%
MNK2XL;E[>ZA:*5/O*PYKW.O,OB'=6\^NQ10D-)!%ME(]<Y _#^M;5:,81NCS
M<!F-7$5N225O+H<H"58,I((.01U!KI=;\67&IZ#967F$.4/VHC^,@X _'&:Y
MJNC3P=>W7AVUU*S0R2ON+P]"5S\I'X5C#FLU$]+$>P4H2J]'IZV.<KH="T#2
M=4M ]UKB6TY)'DX (_/K6%/;7%LY2X@EB8=0Z%?YU%P1ZU*:3U1K4C*I&T)6
M\U8[(_#NZ-["(;R*XLW;YY5X95^G?\*37/".M7^K2O:V2):Q@10 RJ,(HP.,
M_C^-<YI>LW^CW"S6<[* ?FC)RK#T(KUBYU=(_#;ZL!M!MO-4'U(X'YD5TPC3
MFGT/&Q57%X:I%W4KZ+3].YX[/"]M<2028WQL5;:<C(Z\TU5+L%49+' 'J:1F
M+,68Y8G)/J:VO"%A_:'B6U0C*1-YK_1>1^N*YDKNR/:J3]G3<Y=$2R>!]?B0
MNUK'M49)\Y>!5+4=7ENK2WTZ)BEG:H%5!_&W=C]3FO2/&ET]KX7NBAPTF(\^
MQ//Z5Y+6M6*@[1//P%:>*A[2JEH]  )( !)/  [UT%IX'UV[A$OV=(5(R!,^
MTG\.U2^ 8;:;Q(#<;2T<3-$#W;C^F:]3JJ5%35V89AF,\/4]G37S9Y'%X=U#
M3M<LH=0MS'&\R_O,Y0@')Y^@IWBGQ+-KEXT<;LMC&V(T_O\ ^T:[SQG="V\,
MW>U@)'4*!GG!(!/ZUY+2JKV?NHVP,WB[5ZBU6B_S  DX R36[:^"]?NX1,MF
M(U(R!*X4G\*G\!6MO<^)%,X#&*,O&I[MQ_+.:]4ITJ*FKLRS#,9X>I[.FM?,
M\/O]/N],N3;WL#0R 9P>X]0>]5Z[?XE75N]Q9VR%3/&&9\=5!Q@'\JXBLJD5
M&32/1PE:5:C&I)6;/5/ ^JRZGH06=B\ML_EECU(QD'\N/PHJK\.;9XM$GG8$
M">8[?<  9_/-%=])MP5SY#'1C'$S4=KG4W-O'=VTMO,NZ.52C#V->/:[H=SH
M5^UO.I,9.8I<<./\?:O9J@O+*VO[=K>[@2:)NJN,TJM-31I@<=+"R>EXO<\.
MI*]'O?AO82L6L[N:WS_ P#C_ !K/_P"%9W6?^0G%C_KD?\:XW0FNA]%'-,+)
M7YK?)G$8 [5U^B^'I-2\$7KQ+F>28/$/[VP=/QRU7X?AFF<SZHY]HX@/U)KL
M-,TZ'2=.BL;<L8XA@%NIYR2:UIT7?WCBQN9TW!*B[NZ?W'B1!5BK @@X(/45
M-9WMSI]RMQ:3-#*O1E/Z>]>IZWX.TS6G,Y#6]P>LL7\7U'0US$_PUOU8^1?V
M[KVWJ5/]:B5&<7H=5+-,-5C:;MY,RI_&OB"XA,37H0$8)CC"M^=818LQ9B22
M<DDY)KL(_AMJ3-^\O;9![!B?Y5MZ;\/-,M6$EY+)>,/X3\J?D.OYT>RJ2W%]
M>P-!/V=ODCCO#GAV;6;CSI08K"+YIIFX! Z@>_\ *K.I>+[S^V1/I<S06MNO
ME0QC[K*/4>]>E7>F6MWIKZ<R&.W==NV([,#VQ7'7?PT4L39:B0.RS)G'XC_"
MKE2E%6B<E+,*%:HY5].B5KK_ (<KI\2+AH-EQID,K8ZAR ?P(-<C>W)O;R6Y
M,4<1E8MLC&%7V%=0?AOJV[ N[0CURW^%7;/X:'<#?:B-O=8$Z_B?\*APJST9
MU4\1E^'O*FTK]KG'Z9IMQJU_'9VR%G<\GLH[DUW'CR=-.\/6FE0G <A<?["#
M_'%=/I>C6&C0>390",'[S'EF^IK!\3^$KWQ!J*7"7L444<814923ZDUK[)P@
MTMV<+Q]/$8J,IZ0CK\SS.N^^&UAB*[U!A]XB)#[#D_TJI_PK2]_Z",'_ 'PU
M=IH.E#1M'@L=P=D!+N!C<Q.2:FC2DI7DC;,<?1G0<*4KM_D)XATTZMH=S9IC
MS'7*9_O#D5XW)&\4C12(4="592,$'TKW:L+7/"6G:XQF<-!<X_UT?4_4=ZTK
M4G/5;G#EN/CA[PJ?"_P/)HY)(9%EB=D=#E64X(-;0\:>(!#Y?V\X_O&-=WYX
MK5F^&NH*W[B^MW7_ &PRG^M$?PVU)C^\OK9!_LAC_A7.J=5;'MSQ>!J*\VGZ
MK_@!X;TVY\1:5K$US.\T\JK%')(V>1\WX<XKD)HI+>9X9D*21DJRL.0:]B\/
M:*N@Z6+-9?-.\NS[<9)]JBUOPMINN?//&8YP,":/AOQ]:UE0;BNYYU+-(4Z\
MT_@>WET/)+>XFM9TGMY6BE0Y5U."*VG\;^('A\K[:!QC<L2AOSK6N/AI>*Q^
MS:A"Z]O,0J?TS42?#;5"WSWEJH]1N/\ 2LE3JK1'H3Q> JVE-I^J_P" <E)+
M)-*TLKM([G+,QR2:TM!T"[UZ\$4*E85/[V8CA!_4^U=EI_PXL(&#WUS)=$?P
M*-B_XFM-M N$U.)[6=;>SB(V11DKM'<8'!/O[U4:$MY&%;-:5G&D]>_0V+.T
MAL;.*UMUVQ1*%445/17<?+-MN[*FJY.DWFV80'R'Q*20$^4\Y'I7C@BOL?\
M(_VG_@9-_P#$U[%JY1=&O3+&9$%NY9 <%AM.1GM7B OO#F/^17N__ ]O_B*Z
M\.G9_P# .#%-)J_Z_H7?*OO^A_M/_ R;_P")H\J^_P"A_M/_  ,F_P#B:I?;
MO#G_ $*]W_X'M_\ $4?;O#G_ $*]W_X'M_\ $5T6?;\CCNN_YEWRK[_H?[3_
M ,#)O_B:/*OO^A_M/_ R;_XFJ7V[PY_T*]W_ .![?_$4?;O#G_0KW?\ X'M_
M\119]OR"Z[_F7?*OO^A_M/\ P,F_^)H\J^_Z'^T_\#)O_B:I?;O#G_0KW?\
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$0!__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
