<SEC-DOCUMENT>0001193125-12-005320.txt : 20120106
<SEC-HEADER>0001193125-12-005320.hdr.sgml : 20120106
<ACCEPTANCE-DATETIME>20120106170133
ACCESSION NUMBER:		0001193125-12-005320
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20111231
ITEM INFORMATION:		Cost Associated with Exit or Disposal Activities
ITEM INFORMATION:		Material Impairments
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120106
DATE AS OF CHANGE:		20120106

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALCOA INC
		CENTRAL INDEX KEY:			0000004281
		STANDARD INDUSTRIAL CLASSIFICATION:	ROLLING DRAWING & EXTRUDING OF NONFERROUS METALS [3350]
		IRS NUMBER:				250317820
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03610
		FILM NUMBER:		12515285

	BUSINESS ADDRESS:	
		STREET 1:		201 ISABELLA ST
		STREET 2:		ALCOA CORPORATE CTR
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15212-5858
		BUSINESS PHONE:		4125532576

	MAIL ADDRESS:	
		STREET 1:		801 ISABELLA ST
		STREET 2:		ALCOA CORPORATE CTR
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15212-5858

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALUMINUM CO OF AMERICA
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d278667d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>Washington, D.C. 20549 </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>FORM 8-K
</B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>CURRENT REPORT </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="3"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>SECURITIES EXCHANGE ACT OF 1934
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Date of Report (Date of earliest event reported): January&nbsp;6, 2012 (December 31, 2011) </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="6"><B>ALCOA INC. </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(Exact name of Registrant as specified in its charter) </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


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


<TR>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Pennsylvania</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>1-3610</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>25-0317820</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(State or Other Jurisdiction</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>of Incorporation)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Commission</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>File Number)</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(I.R.S. Employer</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>Identification Number)</B></FONT></P></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>390 Park Avenue, New York, New York</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>10022-4608</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Address of Principal Executive Offices)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Zip Code)</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Office of Investor Relations 212-836-2674 </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Office of the Secretary 212-836-2732 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="1"><B>(Registrant&#146;s telephone number, including area code) </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Former Name or Former Address, if Changed Since Last Report) </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" 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="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR></TABLE>
<P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P>

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


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;2.05</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Costs Associated with Exit or Disposal Activities. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">On December&nbsp;31, 2011, management approved the permanent shutdown and demolition of certain facilities at two U.S. locations, each of which was previously temporarily idled for different reasons. The
identified facilities are the smelter located in Alcoa, Tennessee (capacity of 215,000 metric-tons-per-year) and two potlines (capacity of 76,000 metric-tons-per-year) at the smelter located in Rockdale, Texas (remaining capacity of 191,000
metric-tons-per-year composed of four potlines). Demolition and remediation activities related to these actions will begin in the first half of 2012 and are expected to be completed in 2015 for the Tennessee smelter and in 2013 for the two potlines
at the Rockdale smelter. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This decision was made after a comprehensive strategic analysis was performed to determine the best
course of action for each facility. Factors leading to this decision were in general focused on achieving sustained competitiveness and included specifically: lack of an economically viable, long-term power solution; changed market fundamentals;
cost competitiveness; required future capital investment; and restart costs; among others. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">As a result of this decision,
management expects to record a charge of approximately $165 million ($105 million after-tax), composed of non-cash asset impairments of approximately $130 million ($85 million after-tax) and cash expenditures for environmental and asset retirement
obligations of approximately $35 million ($20 million after-tax), in the quarter ended December&nbsp;31, 2011. Additionally, management expects to record charges of $50 to $55 million for demolition costs and holding costs during the period from
2012 through 2016. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Amounts are still being finalized. Additional details of these actions will be provided in Alcoa&#146;s
2011 Form 10-K. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">A copy of Alcoa&#146;s press release announcing these actions is attached hereto as Exhibit 99 and is
incorporated herein by reference. </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;2.06</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Material Impairments. </B></FONT></TD></TR></TABLE>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The information set forth above in Item&nbsp;2.05, &#147;Costs Associated with Exit or Disposal Activities&#148; relating to the asset
impairment charges expected to be recorded by Alcoa in the quarter ended December&nbsp;31, 2011 is incorporated herein by reference. </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;8.01</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Other Events. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Total
restructuring-related charges for fourth quarter 2011, principally composed of the actions set forth above in Item&nbsp;2.05, &#147;Costs Associated with Exit or Disposal Activities,&#148; are expected to be between $155 million and $165 million
after-tax, or $0.15 to $0.16 per share, of which approximately 60% is non-cash. </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;9.01</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Financial Statements and Exhibits. </B></FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibits. </FONT></TD></TR></TABLE> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The following is
filed as an exhibit to this report: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="88%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="97%"></TD></TR>


<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">99</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Alcoa Inc. press release dated January&nbsp;5, 2012.</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Forward-Looking Statements </U></B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">This report contains statements that relate to future events and expectations and, as such, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements include those containing such words as &#147;anticipates,&#148; &#147;believes,&#148; &#147;estimates,&#148; &#147;expects,&#148; &#147;forecasts,&#148; &#147;hopes,&#148; &#147;outlook,&#148; &#147;plans,&#148;
&#147;projects,&#148; &#147;should,&#148; &#147;targets,&#148; &#147;will,&#148; &#147;will likely result,&#148; or other words of similar meaning. All statements that reflect Alcoa&#146;s expectations, assumptions or projections about the future
other than statements of historical fact are forward-looking statements, including, without limitation, forecasts concerning aluminum industry growth or other trend projections, anticipated financial results or operating performance, and statements
about Alcoa&#146;s strategies, objectives, goals, targets, outlook, and business and financial prospects. Forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors and are not guarantees of future
performance. Actual results, performance or outcomes may differ materially from those expressed in or implied by those forward-looking statements. Important factors that could cause Alcoa&#146;s actual results to differ materially from those
expressed or implied in the forward-looking statements include: (a) the inability to complete the demolition, remediation or other activities related to the permanently closed facilities within the time periods anticipated, whether due to changes in
regulations, technology or other factors; (b) changes in preliminary accounting estimates due to the significant judgments and assumptions required; and (c) the other risk factors discussed in Part I, Item&nbsp;1A of Alcoa&#146;s Form 10-K for the
year ended December&nbsp;31, 2010, as well as other reports filed with the Securities and Exchange Commission. Alcoa disclaims any intention or obligation to update publicly any forward-looking statements, whether in response to new information,
future events or otherwise, except as required by applicable law. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">3 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SIGNATURES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">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. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


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


<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">ALCOA INC.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Graeme W. Bottger</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Graeme W. Bottger</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Vice President and Controller</FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Dated: January&nbsp;6, 2012 </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">4 </FONT></P>


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

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EXHIBIT INDEX </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="94%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:25pt" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Exhibit<BR>No.</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1px solid #000000;width:39pt"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Description</B></FONT></P></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">99</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Alcoa Inc. press release dated January 5, 2012.</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">5 </FONT></P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>d278667dex99.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML><HEAD>
<TITLE>Press Release</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 99 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="right">


<IMG SRC="g278667ex99_pg001.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>FOR IMMEDIATE RELEASE </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="8%"></TD></TR>


<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Investor Contact</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">Media Contact</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">Kelly Pasterick</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">Michael E. Belwood</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">(212) 836-2674</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">(812) 604-0530</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Alcoa to Close or Curtail </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>531,000 Metric Tons of Smelting Capacity </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>12 Percent Reduction in System
Capacity will improve cost position and competitiveness </I></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">NEW YORK &#151; Jan. 5, 2012 &#151; Alcoa (NYSE: AA) announced today that it
intends to close or curtail approximately 531,000 metric tons, or 12 percent of its global smelting capacity, to lower the Company&#146;s position on the global aluminum cost curve and improve Alcoa&#146;s competitiveness. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Company will permanently close its smelter in Alcoa, Tennessee, which was curtailed in 2009, along with two of the six idled potlines at its
Rockdale, Texas smelter. Together, these closures will reduce Alcoa&#146;s global smelting capacity of 4.5&nbsp;million metric tons per year by 291,000 metric tons, or about 7 percent. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The curtailments, to be announced in the near future, will reduce Alcoa&#146;s global smelting capacity by an additional 240,000 metric tons, or about 5 percent. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;These are difficult but necessary steps to improve Alcoa&#146;s competitiveness, preserve and grow shareholder value and protect jobs in the rest
of the Alcoa system,&#148; said Alcoa Chairman and CEO Klaus Kleinfeld. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Aluminum prices have fallen more than 27 percent from their peak in
2011. In addition to the curtailments, the Company will accelerate actions to reduce the escalating cost of raw materials. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Kleinfeld added
that Alcoa will work with all affected communities to explore ways to redevelop closed facilities and will consult with employees and work unions/councils impacted by curtailments. &#147;We recognize our responsibility to the people and communities
of the affected facilities,&#148; he said. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The curtailments are expected to be complete by the first half of 2012. Alcoa&#146;s alumina
production will be reduced across the global refining system to reflect the final curtailments in </FONT></P>

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

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
smelting as well as prevailing market conditions. The curtailments will contribute to the Company&#146;s long-term goal of lowering Alcoa&#146;s position on the world aluminum production cost
curve by 10 percentage points. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Total restructuring-related charges for fourth quarter 2011, principally composed of the above actions, are
expected to be between $155 million and $165 million after-tax, or $0.15 to $0.16 per share, of which approximately 60 percent is non-cash. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>About Alcoa </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px;padding-bottom:0px;"><FONT STYLE="font-family:Times New Roman" SIZE="2">Alcoa
is the world&#146;s leading producer of primary and fabricated aluminum, as well as the world&#146;s largest miner of bauxite and refiner of alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major
milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years. Among the solutions Alcoa markets are flat-rolled products, hard alloy
extrusions, and forgings, as well as Alcoa<FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">&reg;</SUP></FONT> wheels, fastening systems, precision and investment castings, and
building systems in addition to its expertise in other light metals such as titanium and nickel-based super alloys. Sustainability is an integral part of Alcoa&#146;s operating practices and the product design and engineering it provides to
customers. Alcoa has been a member of the Dow Jones Sustainability Index for 10 consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 61,000 people in
31 countries across the world. More information can be found at www.alcoa.com. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Forward-Looking Statements </U></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">This release contains statements that relate to future events and expectations and as such constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as &#147;anticipates,&#148; &#147;estimates,&#148; &#147;expects,&#148; &#147;goal,&#148; &#147;plans,&#148; &#147;should,&#148;
&#147;will&#148; or other words of similar meaning. All statements that reflect Alcoa&#146;s expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements, including, without
limitation, forecasts concerning global demand for aluminum or other trend projections, anticipated financial results or operating performance, and statements about Alcoa&#146;s strategies, goals, targets, outlook and business and financial
prospects. Forward-looking statements are subject to a number of known and unknown risks, uncertainties, and other factors and are not guarantees of future performance. Important factors that could cause actual results to differ materially from
those expressed or implied in the forward-looking statements include: (a)&nbsp;material adverse changes in aluminum industry conditions, including global supply and demand conditions and fluctuations in London Metal Exchange-based prices for primary
aluminum, alumina and other products; (b)&nbsp;deterioration in global economic or financial market conditions generally; (c)&nbsp;unfavorable changes in the end markets served by Alcoa, including automotive, aerospace, building and construction,
distribution, packaging, and industrial gas turbine markets; (d)&nbsp;Alcoa&#146;s inability to mitigate impacts from increases in energy costs or the costs of other raw materials, including aluminum fluoride, calcined petroleum coke, cathodes,
anodes, caustic soda or liquid pitch; (e)&nbsp;Alcoa&#146;s inability to achieve the level of cost savings, improvement in profitability and margins, revenue growth, cash generation, fiscal discipline, or strengthening of operations (including
moving its smelting and refining businesses down on the industry cost curve and increasing revenues in its Flat-Rolled Products and Engineered Products and Solutions segments) anticipated from its restructuring programs, productivity improvement,
cash sustainability and other initiatives; (f)&nbsp;political, economic, and regulatory risks in the countries in which Alcoa operates or sells products, including the impact of changes in foreign currency exchange rates on
</FONT></P>

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

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
costs and results, and unfavorable changes in laws and governmental policies, civil unrest, and other events beyond Alcoa&#146;s control; (g)&nbsp;the outcome of contingencies, including legal
proceedings, government investigations, and environmental remediation; and (h)&nbsp;the other risk factors summarized in Alcoa&#146;s Form 10-K for the year ended December&nbsp;31, 2010, Forms 10-Q for the quarters ended March&nbsp;31, 2011,
June&nbsp;30, 2011 and September&nbsp;30, 2011, and other reports filed with the Securities and Exchange Commission. Alcoa disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, future
events or otherwise, except as required by applicable law. </FONT></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g278667ex99_pg001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g278667ex99_pg001.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`0P!5`P$1``(1`0,1`?_$`-T```("`P$!`0``````
M```````)"`H&!PL!!0,!``("`P$!`0`````````````'!08#!`@)`0(0```&
M`0("`P@)#1$```````$"`P0%!@<`"!$)(1(3,4$4-!4V-SAA(E-CUA>7&#E1
M@3)B,S469K=8>`H:L<'Q(R1$5&1T52:6)T<9.DH1``$"!`,#!0@*#08/````
M``$"`P`1!`4A,09!$@=183(3,W&!(D)2-#4VP6*RTF.3LQ05%^&20U/35'24
M5746-QB1T7*")2:A\<+B(W.#HT1DA)56EPC_V@`,`P$``A$#$0`_`+_&B"#1
M!!H@A%V]+GV[6=J&19C$-1JUKW"Y!JCY>+NZ='E(>#IM2EFP]1S`O+C*@[3D
M[`Q5XD=-V+5R1JH`IJJE5*9,KQT7P&U3JNW(N]6ZU;[>ZD*:ZT*4XXDY+#:9
M201B%*4)C$`@@FDWC7-LM=0JD92JHJ$&2MT@)2>3>,YD;0`9=V(1_M1=!_,T
MOGRPUCX&ZNG\,-?^F6/S=?X2(?ZRJ?\`%%_&#WL>_M1=!X>II?/EAK'<_P`F
M_5U]_AAKY3^F6/S=?X2#ZRZ?\4<^,3[V//VHR@_F:7SY8:Q\#=?/X8J_],L?
MFZ_PD'UE4_XHY\8/>Q(3;K^L@;5\L7N*I.7\9WK;NUGG;:.BKU.S<+=*,UD'
M:Q$$$[3)Q#:*DJTR4.<`\,.S6:I"/%91(G$X0.HO_G+5-IH55MHJ6+BIM)4I
MI*5-ND`3.XE14E9'D[P4=@)PC?M_$*V53X9JVUTX49!1(4GOD2([LB!M,6)$
M%T'2"+ELLDX;.$DUV[A!0BR"Z"Q`426153$R:J2J9@,4Q1$#`/$-<\J2I*BE
M0(4#(@Y@Q?@01,91^NOD?8-$$&B"#1!&CMS=OFL?;<<^WNN.!:6&FX8R=:()
MV4>!FDS!4N:DHQT7N^V;/6Q#A[)=3>FJ1FX:BH*&I$Z=ZL90H<J5.)2H=\$Q
MI7)U;%O??;P6AE:AW0DD1RP".7#LOACMPLZ>/1.]>NW!S*.';QX<SEVZ<*F$
M3*KNG"IE#F$1$QC"(].O4902GP$`!L8`#(`8`=P#`1S+,GPC,J.9Y3RQ]&*B
M9:>E8N!@8N0G)Z=DF4-!PD2U5?2LS,2;E-G&Q<8Q0*==V_?NUB)))D`3&.8`
MUC=<:IVE5%2I+=.A)4I2C)*4@3*B3D`,28_2$*<4$(!4M1D`,22<``.4F+@N
M'OU=>G/=C5@K65)E&*WG7M)A>(2\H+N'5=Q',,62JD+BXS9#@$U77B;DR-C<
ME*919V<%&OM6B':<B7C_`.AZQ&N&ZBU(*M&,$MJ:,@M])(WGYGHK$IM)R"1)
M6*U2;-)H!HV1354J5X<DH*V((&");0?'/+ED)U*<IXNOV%,BW+$V4:T^J.0*
M!..Z]:(!^005:/FI@ZCALMP[-]%238Q'+-TF)D7354BA!$I@UUA:[G07NW,W
M:U.)>M]0@+0H;0=AY%`S"DG%*@085=33/T=2NDJ4E-0A4E`\O\QS!VB,`,4I
MRF(<`,4Q3%,4P<2F*8.!BB`\0$!`>G6^DRC!'1UY-E\LV1N6KM7G[=).9>99
M4N5J@R3Q91P[=1E,MM@JL"#E94QE%%6L'$-T>L81$02`1'B.O.OC%04UNXDW
M5BD2$,J>2YN@2`+C:%JD.=2B>_'0>D7W*C3M,MTE2P@IGS)44B?>`$,ZTLHL
MD&B"#1!!H@B,V]+U/MT_Z/&9?R>6'5ET;ZW6O]84_P`JB(V\>B*K\G<]P8Y<
M+8Q2,D#G-U2D;(F,8>X``D7C[.O3TB:SW8YIG(1:+Y?>VW'?*ZQ#5^9-OOQ%
ME.?F;<X9Q^)X*F45E<3[?8.>:E&+R#D>,D9N&5KMLOI'16L>L*:I8A$X)*F2
M=.P*3F/7^H[CQ/NSO#?0M72MLL@E]3CI;^=J2?":9(2H+0U+>4)@N'$`H1BR
M[#;J?3-*G4-[:=4M<@@)2%=4#DI8)$E*G(9[NV1,,P_:1N7F'1Y%W(_)5#?#
MK2T_AQX@Y;]M^/5^"BQ_6'8/)J/M![Z(;[MJ=@3GN8\NN9-E&-<KP>X3;K%(
M-U;QD"AQ5'I^8XM0#NAPHXL2%CE!E+PP:F,^B53)BG'B?L7*J:3M,2W+259?
MN!5Q8L^M*FD<T]<5D]4TZIQRG5E\Y""A.ZT3X+@G-<MY()08B+JU0ZWIUU=F
M;=%?3CI+2$I<&?5SF9JVIPD,C@8J02$?(1+]_$RS!Y%2\2_>14M%23=1G(Q<
MK'.56<C&R#-8I%FCY@\0.DLF<`,0Y1`>D-=8H6VZVEYE06RM(4E0,PI*A,*!
M&!!&(.T0JE)4A10L$*!D0<P1F#SB.AOR,_HOMLG]BR!^4ZYZ\^N-_P"\ZY]U
MKY%N'[HKU:I^XKW:H;9I31:8-$$&B"#1!$9MZ7J?;I_T>,R_D]L.K+HSUOM?
MZPI_E41&WCT35?D[GN#%2SD,\K6*W!RD;O%SY#1\QANBS!&N):.\79OFN0,@
MU]P4'MCM,8FHL8*O2GR1`;LG)2!(2'MU"&;H=5;J_CMQ/=T\TK1]A<4B\/HG
M4.@$%II8P0@^6X.DI/03@#O*P5NA],IKU"[UZ0:1!\!)D=Y8VJ'(DY`YGF&-
MT2ZTNIY&J-CH5[KT5;*;;X=_7[-6YMHF^BIJ&DVYVKZ/?-50$JB*Z*@AQZ#%
M'@8H@8`$.-:*MJ[=5MU]"XIJL96%H6DR4E23,$'F,-]YEJH:4P^D+96"%`X@
M@Y@Q2JS)^KYYH9;YH+#F))`Q-K.0U)2\1^79-TS>2>+*%%2#$EFITU&K.$GT
M]<8127;,X94B8H2)'**K@Z0IN0+V?9^/]F7HAR]79/\`>FGW6C3I!"7W5`[C
MB2!)#:MU2G!.:"%!(,TS3U9H.L%Z324I_LQR:NL.:$@B:2-JA,!.PS$Y2,7&
M-O\`@'%FV+$M0PIAJL-*I0J7'E9QS%``4>2#M0>UDIZ=?B4%Y>PSCPQG#QTK
MQ.JJ<>X4"E#CZ_W^ZZFNSUZO+I=KWE3)V`>*E(R2A(P2D9#^6&W0T--;:5%'
M1I"6$#`;3RDG:3F3%;OGU\K2,GX.R[[\!PD9$V:OME9;<E56[AK%M+9`MTDT
M_C2BT%SH-!ML*0H$EDR""DHUZJQ2G<I&[?HW@1Q1=8>;T)?EJ73.'=HUD%1;
M5]X5F>K5]S.2%>#@D^"O-<:90XA5\H0`ZG%U.6\/+'MAXWE#',8L]Y&?T7NV
M3AT@+'(`@/L#DZY_5TL^.'[SKGW6OD6XLFBO5JG[BO=JAMFE-%J@T00:((-$
M$1GWH@([/]TP%`1$=O&9>```B(_Z>V'O!TZLNC#_`'OM?ZPI_E41'7CT35?D
M[GN#%$3E*\S&S\OS*K=A:%I*=VTY-=Q3?+%4;]J[<UAX"2;)ID^H-.OU2S4,
M@8"R#4@!Y4CR=0?XY)N8O=7%GAI3:_M1<I0EO4M*%=0X<`L9EAP^2KQ%'H+Q
MZ)5-(Z6U&[8:K==FJVND;Z>0RZ:><;1M'.!%[O,F[O`&#MNK[=+<\A0BF'25
MMC8Z]8H9XWD_PZ\M-/"JQ#4I)%4/+\Y:#&*FS;I#Q$PB902)IJ')PI9](W^^
M:A3I:BIU_3'6%"T*!'5;IDM3GD)1FHGN"9(!=U9=J&AMYN;SB?FFZ"",=Z?1
M">4JV#V)Q08R]S7=V.2MY\5O1A+<YI=HH[MY&XKH*"ZSNF53&KAV)W&.YB,*
MHDWL#.TLP+Y=<'`%7CK@JF*?8-@2[UM'"O2=MT:O1;[(>IGP"^[(!Q;P&#R5
M>*4'LADE.!GO*FC*O5%TJ;P+PA90Z@R0GQ4H\DC([WC':<I2$KT&P_?9B/??
M@>,R]0W[6'GHI!O'97Q^^?(C-8SMR;45GT;*`8Q#*0CLJ1W$;(<`0>L_;@)5
M"+)I\.:[T+=]"7U5HKTE;"R2PZ`=UYN<@4\BA@%HS2K#(@EUV2]TE\H15L$!
M8P6DYH5M!YMH.1'?E4UYV7-6/NRNKS;1@:P*_-KQY-B%IL<:X.FAFV]0[@Q0
M=D52$H.,=59ZD(1Y.(IR3P@O#=9,C7J]7<%>%8TG1)U+?FQ^TE0CP$*SIFE#
M*6QYP=(YH3X`Q*H5NLM3FZNFW4*O[.;5X1'W10_R$GH\IQV"+'O(T^B^VR='
M=8Y`$.@0XA\9URZ>G7.G'#]YUS_I-?(MPPM%>K5-W%>[5#;-*:+3!H@@T00:
M((^'9J[#W"MV"I6%H20@+3"2M<G&"@B";Z(FV#B,DF9Q#@($<LG1R#PZ>!M9
MZ:H>HZENKISNU#2TK2>122"#WB!'X<;0ZVIIP3;4D@CE!$B/Y(YYF]GD][N-
MI62+!&5+%=ZS9A162=K8^R7C6M25O.>NK+G/&1-U@8!!_,5JS1C800<=HB+-
MP=,54%3%-U2^@VBN+^DM66UMVKJV**]!(ZUEY8;\,#PE-J60E:%'$2.\F<E"
M8A!WG25UM=2I+32WJ.?@K0"K`Y!0$RDC(X2,IB(P3F/=^5FQA1<+V'%&Z67Q
M1C*7L$_0*&_Q-DI:OU66M(IFG'D6V&M`8HN3$,*9#F.FV%9;L2I]LKU[0Q<-
M!TMS?O-/5VM%VJ4(0ZZ'V=]:4=$*._LVG,R$YR$HU=/>W:9%&XU4FE:)*4[B
MY)*LR,/\6,I3,:V^:UN?_-LW!?(OD?X-ZD?VGTO.?TG03_*&??QK_1ER_%W_
M`(M?\T;-QU0=^V(F>08_&&+-U%%996I;O'>16U<Q/DM@G;:6_6(NZ@Y/J5H3
M=D<Q#%*JF*;A--55,BA2+*E-&W&OT%=UT[ESJ[6^Y2/!YDK?9/5N`2"AX?\`
M@,P2`2)@2V:=B^4@<33-52`Z@H7)"QO)Y#A]G$\L9WMPY76^#<Q=HFF5'`60
M:+#.';9M.9%RE49V@T6H1HF`'$D\=V)C'.9=9JW*8Z3&/2<.G!B]0I0XB8-#
M4?$_1.FJ%=95W"G?>`)2RPXEUUP[$@()"9G-2B`F<^:,UOTU>;D^&66'$()$
MUK24I2.4DRGW!,[(Z'>V7`E3VNX"Q1M_I*KAS7,5TZ-J[20=E*F\F':!3N9F
M=>)D$Q$W<[-.7#Q0A1$I#KB4!X`&O/;4U^JM47^KU!6@"IJGE+(&20<$I',E
M("0>:'Y;:%JV4+5"QV;2`)\O*3W3,]^-Z:@XWH-$$`]&B"$3;\^==![/MQ7Q
M)TK"4GG&$QE$5FT;H;I!3CAHEB"$MLQ'1D6R01:0LHR<3R3:3;KJE>N&J`K/
M&S4#`LH84WEH/@L_J_3OTW6UJ:%^J6M%$VI()J%-I*E$DJ!")I(&Z%&25+R`
MG2;YK)%HN'S-EDO(:`+R@9=6%$`#(XX@XD#$#/)L61<WQ%?VU7?<91!CKM!0
MF&+#F*I=1\9"*M49'4QW;X4GAZ";@[=G+MT4P%0I#F(4_'JB(<-*FW6)ZHU*
MQIVOWF'UUJ*=>$U()<#:L#*922<#%IJ*U#=N7<&)+;2R7$XX*`3O#'GC3'+L
MW9S.][:;CK<A/TN,Q_*7AU:F[BJQ$NZG6$<%=L\I`)&2DWC*/<+BZ3CP4,`I
M%ZIC<`X@''4UQ#TFSHG5E3IRG>54-,!N2U)"2=]"5]$$@2G+.-+3]U7>K4W<
M'$!M2RKP09@2)&>')&M>9%S"DMAM1Q0C7,52N:LQ9YOGQ>XFQXPEB0#.4ET2
ML?#'$I,F9R"J``XE6;9LW20.HZ<NBEZR9"G.$CPXX?*UW5U9J*I-%9Z!CK7W
MBG?*4XR"4S&Q*B23)(2<R0(U]17\6-IKJVB]5ON;J$`R!.&9QY0`)8DQ!,>9
M=S;@$0_X=;CT='$,AN1#ZPA!=.KW]6W";_S!GXH>^B$_:/57Z(7]O]B,^SMS
M:,]XI':UAFK;)K%>]ZN?L7N\J6S;TG;_`":&,XB/5FTG$2:2")=NIZ;.2O/7
M`I@1L1NU:F4.81.0@Q]BX3V&Z_2EYJKVVQHNWU08;J^KGURCNR5+>`0GPTB<
MU34H`#`F,];JJNI?FM&W1*7>7VBM36]+<`GA.4R<#R8"-26;FL<TBC5V=NET
MY15H@:?4XE_8[3-O<D.D&D17X=LJ_F))RN%<<"B@R8('4,?LS]4I1'JCPU+4
MO"OA=75"**CU:TY6.K"$)#()4M1DD`;XF23+.-5W5&I6&U//6E264@E1W\@,
M2>CL$.DVJ;EZ3NTVYXQW(TIJ^@ZKDBLFG1BYXZ!']<>L'3R,L,1).$Q!JL,+
M+QSA'P@O52633!4`*4P`"9U5IJMTGJ*JTW6E+E53.[N\G)8("D*`S&\D@RS!
M,LQ%PM=R9NMO:N+,TM.)G(YB6!![A!Q[\*1PKSV*/EG>0RP:]Q"^JFW.^Y'M
M.&,,;F7LZZ-#7?)M6!D4K%TP6@VT4SCK*X>HIM`2?*N&P/F1UR@5P/9MJ]<"
MZZTZ.5?$5:7=1,4R*FIHPD;S3*YX@[Q42@`E4T@'=6$]'&JT6MF*F[BB+11;
MUN*;;>)P4M/>D`29#&>(GG#^](.+U$*N8#O+IFQ7;%?<[6<[1W.,FP5W&E57
M7*DO=,DSB:S>KP*!!$%%&I'!3.WQB<3),&RQPXF``&YZ`T=6:ZU,Q8J6:6"=
M]YP"8;93(K7W9>"GE4I(B&OUW9LEM<K79%8$D)\I9Z(]D\P,5EMH,%OBP[A[
M<9`91Y3>7]S-IWJ/YJP9NRC9;]7JW(6RMVIDY<1D(RB'S&5?PI(QQ-.WZ9S*
MD7(]<%-U4S()%)TQJY_0]XO%NJ+7JNCME+94I13,(:6L-K00%**@4A4PE*<I
M;HE,[QFN+2B]TE)4-U-K=J7:PDN+4H#>"L@`02)3)Y9GFC=/+BS5FBF;;=X7
M*CW$TNW4G.52V[9<NFVRA70R*EOGL>6ZF6)56@1:B"ZK>==04F](Y8>"B;M6
M[M=,I2%:"0L+Q&LEFK-1VCBKIU]E^QNW&G;K'6Y]6AUMQ'^E5,32%`27O2D4
MI.._,[NGJRL9M]7I>O0M%8BG<4RE72*%)/@\\B9B68)Y(RKE&<U[8=M9V'8B
MPGG/-H4G)U3D+Z-BJZU&R!++Q8RMWG)1DFL\A*Q(QYE3LG:9C$*J)TS\2'`I
MBB&M7BUPIUWJG7=7>K'1=?;'4M;B^M:2%;K:4G!2P<QR2.8C+I75%CMEC9HZ
MU_<J4E4T[JC*:B=@(RC&^;)N[P%N/;\M;=QARYN[?MYQ%O+E8/(^1T*M:HZ.
MJLM!+8OM+YE(,9:'82O;'@V*RS<"(&!T9(R:0G4`2ZV>%&D;_IQ6I-(WAD,Z
MAJ[,E3+/6-DK2H/(!!2HIZ1`./@S!5(8QBU3=J"X"W76D65T#580M>ZH!)&X
MHSF`<LN79#4!Y\G*R`1#YS*0@`B'$,:97X#P[X?X)`>&E;]1/%']&_[YC\)%
MG_;C3'XR/M%^]A8FZG=A@>G\W'E^[^+)<7,;M-NVU6U+U?+IJQ:5HN6,Y:9;
MABLT8E&'//ED$7UFC^V;BU!=))T14Q`(/6TS-+:4OM7PFU!H*G9"M5L75`6Q
MOH!3(TZIE15NRDA4CO2)20#.*W<[I0M:JH+XM<K6NE5)S=5(],92G.9&$IXS
MRB6F[?G4\MC*&UK<3CFE[B$I6WWK"V2*I5XLV/LEL0DI^?J<I&1+'PR0J+1@
MT!R]<D(*BRJ:9`'K&,`!JJ:2X+\2+7JFW7&MMQ31L5K+BU=:R=U"%I4HR#A)
MD`<`"8E;KK'3M3;:BG9J`7ELK2D;JQ,E)`&*>7EA;+O<;EO#O)SV5;$\)UVQ
MO-VF\VJ7=E"4V#3.G>H;"\W=;9*25C:QIE6SAB:_PKD&C!PJ9)(&"KMSUR@B
M!@8[>G+3>.,-ZUS>W&QI2S.M%3BNR54);;2E!5B#U2AO*`F=X(3(SBNFX5=)
MI&CLE$E1NM8E4DCI!LJ4299C>!D)[)G9&.Y5Q+N_O^PK'NQVM\GW+]"-B56"
MLV.\R1^2JFZM,-E!BX\*LN0'35%@P5>N;FJ[>@Z0!V0$R+I`0_\`)D>KLVJ[
M:0H->5&N*G5]&_\`.]]#M.67`VI@B2&@23(-@)D=TS(,QX2IXJJENS]C;LK=
MI>1U)"D.!:=X+VJR'2F9B>T<@B<J'.5L#GE82=E0CI%7?+#WJ#V02E*(DJ-@
M8;A;)#6%G`WEQ&]KX<F:6@*I)2:*7#B>=9*L^'`O'5'5P;IT\4TTRE)&AUL*
MN:7/$-(A2"IH'+P5+0@G[TH+VQ-C5[ATP7`#]-A8IBG:'2#)4L\0DG^D"(<)
MO:^]N)/4<\_A]=KCY+\63X_%+WOP_P#J>]<-*#1/:U?ISL!Z-Z6?W?X+V8MM
MYZ+7F73_`.(R_J>VB<@=P.YW.]W/K>QJC'*)J(39%]<G#?J3^:CWTB\?GE?<
M[5Z&^_\`@G[O]IX=J[6_U-K/3?:CL?1V:/./A.3GW(AJCTPSYGT#T_.-O9^U
MY>_"^,I^DB[_`$#WG++^E/TD>.K>>_XR_P!,]_ZVF#:O1K'KWV2>P['(=G[3
MR>:4053VZ_0G2/3Z6?C<_+SQ)>C>IOD#Z+;ST<^8WJ;_`&4'Z0/QU]U]GP;5
M9KO7%CUH[$=KZ0\;LO@_\Z)!CT2YZ,Z?B]ALZ7MOL1"KO?\`G@[GUNY^YJZ_
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5`+**L//E>BO.4_ZWQL_AO)_K1__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
