<SEC-DOCUMENT>0001193125-18-268620.txt : 20180907
<SEC-HEADER>0001193125-18-268620.hdr.sgml : 20180907
<ACCEPTANCE-DATETIME>20180907070034
ACCESSION NUMBER:		0001193125-18-268620
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20180907
DATE AS OF CHANGE:		20180907
EFFECTIVENESS DATE:		20180907

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STIFEL FINANCIAL CORP
		CENTRAL INDEX KEY:			0000720672
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				431273600
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09305
		FILM NUMBER:		181058875

	BUSINESS ADDRESS:	
		STREET 1:		ATTN: JAMES G. LASCHOBER
		STREET 2:		501 N. BROADWAY
		CITY:			ST. LOUIS
		STATE:			MO
		ZIP:			63102-2102
		BUSINESS PHONE:		314-342-2000

	MAIL ADDRESS:	
		STREET 1:		ATTN: JAMES G. LASCHOBER
		STREET 2:		501 N. BROADWAY
		CITY:			ST. LOUIS
		STATE:			MO
		ZIP:			63102-2102
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>d614809ddefa14a.htm
<DESCRIPTION>DEFA14A
<TEXT>
<HTML><HEAD>
<TITLE>DEFA14A</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:12pt; 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>SCHEDULE 14A
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Proxy Statement Pursuant to Section 14(a) of the </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Securities Exchange Act of 1934 </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">Filed by the
Registrant&nbsp;&nbsp;&#9746;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Filed by a Party other than the
Registrant&nbsp;&nbsp;&#9744;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box: </P> <P STYLE="font-size:6pt;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">


<TR>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="96%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Preliminary Proxy Statement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Definitive Proxy Statement</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Definitive Additional Materials</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Soliciting Material Pursuant to Rule 240.14a-12</TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:22pt; font-family:Times New Roman" ALIGN="center"><B>Stifel
Financial Corp. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Name of Registrant as Specified In Its Charter) </B></P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
</B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Payment of Filing Fee (Check the appropriate box): </P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">No fee required</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></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"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">1)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Title of each class of securities to which transaction applies:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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="top">2)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Aggregate number of securities to which transaction applies:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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="top">3)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing
fee is calculated and state how it was determined):</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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="top">4)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Proposed maximum aggregate value of transaction:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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="top">5)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Total fee paid:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Fee paid previously with preliminary materials.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></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="top">(1)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Amount Previously Paid:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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="top">(2)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Form, Schedule, or Registration Statement No.:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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="top">(3)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Filing Party:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</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="top">(4)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date Filed:</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;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">


<IMG SRC="g614809g0906083110369.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Stifel Financial Corp. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">One Financial Plaza | 501 North Broadway </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">St. Louis, Missouri 63102-2102 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">(314) <FONT STYLE="white-space:nowrap">342-2000</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">September&nbsp;7, 2018 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fellow Shareholders: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our special shareholders&#146; meeting will be held on Tuesday, September&nbsp;25, 2018 at 9:30 a.m., Central Time, at our corporate headquarters in St. Louis,
Missouri. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are sending you this letter to ask you to <B>vote FOR Proposal I</B> in our Proxy Statement for the special meeting: the Approval of the
Stifel Financial Corp. 2001 Incentive Stock Plan (2018 Restatement) (the &#147;2018 Plan Restatement&#148;). It is important to note that the approval of the 2018 Restatement will allow the continuation of our longstanding and, we believe, highly
successful and disciplined approach to utilizing equity-based awards to grow through acquisitions, align our people with shareholders and maximize retention. Simply, without shareholder approval, we will be unable to grant new equity awards. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Stifel is <B>NOT</B> seeking an increase relative to the previously authorized share capacity. Approval of the 2018 Plan Restatement will allow the company to
continue its successful growth and retention through its utilization of its equity plans, yet passage of this proposal will <B>NOT</B> result in: </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="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Any increase to the number of shares, or capacity, authorized by shareholders in 2016; nor </P></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="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Any additional shares utilized, nor any additional dilution, in excess of amounts approved by shareholders in
2016. </P></TD></TR></TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>STIFEL&#146;S UTILIZATION OF EQUITY-BASED AWARDS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table details equity-based grants over the last three calendar years. We use equity-based awards primarily for compensation for current employees
and to support acquisitions and new hiring. </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:10pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; "><B>January&nbsp;1, 2015 &#150; December&nbsp;31, 2017</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Equity-Based<BR>Compensation</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Acquisition<BR>&amp;&nbsp;Hiring&nbsp;Awards</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Total</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Equity-based grants <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,920,116</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,420,410</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,340,526</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Estimated net shares to be issued after withholdings and forfeitures <SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,356,064</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,981,226</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,337,290</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Shares repurchased</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,394,773</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n/a</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,394,773</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Estimated net shares, less shares repurchased during the grant period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,038,709</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n/a</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">942,517</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Estimated net dilution impact, projected as % of 70,864,684, the number of shares outstanding on
Dec.&nbsp;31, 2017</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">-2.9</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.2</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.3</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="left">These equity-based grants consisted of Restricted Stock Units, Performance-Related Stock Units, and Restricted
Stock Awards. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman; " ALIGN="left">Net shares estimated are calculated as 55% of gross RSUs, rounded to the nearest thousand, which represents the
historical average of shares issued subsequent to forfeitures and tax withholdings. </P></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" ALIGN="center">


<IMG SRC="g614809g58w69.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">During this time frame, Stifel has granted 13.3&nbsp;million equity-based grant units that, when considered
in view of our practice of net settling for employee tax obligations and forfeitures, are estimated to result ultimately in the issuance of 7.3&nbsp;million outstanding shares. Over this same time frame, the Company repurchased 6.4&nbsp;million
shares, which results in an estimated net increase in shares outstanding of 0.9&nbsp;million shares, or 1.3% of shares outstanding as of December&nbsp;31, 2017. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As noted in the above table, we use equity-based awards for two primary purposes: </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="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Equity-based compensation for current employees. </P></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="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Equity-based awards to support acquisitions and new hiring, critical features of our growth strategy.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Approximately 3,700, or 50% of our employees, participate in our existing equity-based compensation plans, which is not additional
compensation, but in lieu of cash-based compensation. This broad-based participation and resulting equity ownership is a bedrock of our culture and is a key incentive for performance and retention. The perspective of Institutional Shareholders
Services, or ISS, does not account for these purposes, nor the lack of net dilution of these employee awards, when related to concurrent share repurchases. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With respect to Equity Awards relating to acquisitions and hiring, Stifel has issued approximately 7.3&nbsp;million shares to support our growth strategy, and
we believe these activities have been accretive to shareholders well in excess of related dilution. Major acquisitions during <FONT STYLE="white-space:nowrap">2015-17</FONT> included Sterne Agee, Barclays&#146; Wealth and Investment Management in
the Americas, Eaton Partners, ISM Capital and City Securities. In addition to acquisitions, we attracted over 330 new employees by means of equity-based grants during the same time period. These talented hires have brought significant new
capabilities and revenue to our firm. ISS does not account for the tax and accounting efficiency of this approach and, more importantly, the power of equity-based awards in an acquisition context to retain the talent acquired. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>RECOMMENDATIONS OF PROXY ADVISORY FIRMS </B></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="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Glass Lewis and Egan Jones have recommended FOR the 2018 Plan Restatement. </P></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="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">ISS has recommended AGAINST the 2018 Plan Restatement. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We strongly disagree with the ISS <FONT STYLE="white-space:nowrap">&#147;one-size</FONT> fits all&#148; mechanical framework by which it evaluates equity
compensation packages. In 2017, we incurred aggregate compensation expense of approximately $2.0 billion and made equity-based grants worth approximately $70 million, generally vesting ratably over five to seven years. This equity-based compensation
was in lieu of cash-based compensation, and not additional compensation: this had the benefit of aligning our employees with shareholder interests. Importantly, the ISS framework ignored this alignment benefit, our acquisition history, and our
dilution management by means of share repurchases and net settlement. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Burn Rate &amp; Share Value Transfer: </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We disagree with ISS&#146;s statement that plan cost and burn rate are &#147;excessive&#148;. In addition to our belief that ISS does not understand how we use
equity-based grants for both compensation and acquisitions, as noted above, ISS does not account for our dilution management by means of share repurchases and net settlement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">ISS calculates our 3-year unadjusted burn rate at 6.44%, using their standard methodology, which fails to take into consideration any of actual share
repurchases or anticipated net settlement and forfeitures. As we highlighted in the table above, over that period our 3-year unadjusted burn rate, taking those factors into consideration, was actually 0.46%. Further, considering only
compensation-related grants, there was no dilution to shareholders at all over that period. Equally ridiculous is the &#147;share value transfer&#148; concept &#150; that equity paid in lieu of cash is somehow a &#147;value transfer&#148; away from
shareholders &#150; which is simply absurd. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With respect to recycling, we believe our approach of requesting modest capacity increases from shareholders,
such that we must return for new approvals of capacity on a relatively frequent basis, alleviates this concern. With respect to change of control, we believe that our longstanding approach of restricting the ability to accelerate equity awards to a
carefully defined change of control trigger and the sole determination of the Board, which is 80% independent, or the Board&#146;s Compensation Committee, which is 100% independent, is appropriately limited. </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" ALIGN="center">


<IMG SRC="g614809g58w69.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CONCLUSION </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We believe, and our Board unanimously agrees, that approval of the 2018 Plan Restatement is in the best interests of the Company and our shareholders. Our most
recent capacity increase request was in 2016 and shareholders approved it. We are seeking at this time no increase relative to the previously authorized share capacity, nor are we seeking any substantial changes in plan characteristics, other than
allowing it to continue into the future. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We are a human capital business. We rely on our people to provide the advice and services that are the core of
our business. We believe that equity-based compensation, as provided by the 2018 Plan Restatement, is uniquely suited to aligning our people with shareholders and maximizing retention. If our proposal is not approved, it would not change the amount
of compensation paid to our employees. Instead, it would limit our compensation to cash, debentures or other forms of compensation not based in equity. This would not align grant recipients to shareholder outcomes as equity-based awards do, we
believe, nor do we believe it would it be the best use of Company capital from a shareholder perspective. The 2018 Plan Restatement instead allows us to continue to grant awards across a full range of equity-based and other forms, including cash, in
an efficient manner that maximizes the benefits of such awards while minimizing their ultimate cost to shareholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We recognize that any compensation
plan, acquisition or hiring package that substitutes equity for cash will, by definition, be dilutive on a gross share basis. As such, we have and intend to continue minimizing dilution through share repurchases and settling a portion of our equity
awards in cash, primarily by delivering shares net of taxes. Considering our acquisition activity, we believe we have successfully managed share dilution while significantly growing our Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We believe our balanced approach has preserved our existing talent and driven both organic and opportunistic growth while controlling dilution, which is a
winning combination for our shareholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Accordingly, we respectfully ask you to vote FOR Proposal I, in our Proxy Statement for the special meeting,
the 2018 Plan Restatement. Please see our Proxy Statement for the special meeting for additional information about the 2018 Plan Restatement. We welcome you to communicate with us at any time by email, investorrelations@stifel.com. </P>
<P STYLE="font-size:18pt;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">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="46%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Sincerely,</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="3" VALIGN="top"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">


<IMG SRC="g614809g57p17.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">


<IMG SRC="g614809g60b52.jpg" ALT="LOGO">
</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Ronald J. Kruszewski</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">James M. Oates</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><I>Chairman of the Board<BR>and Chief Executive Officer</I></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"><I>Compensation Committee Chairman</I></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Forward-Looking Statements</I>: Certain statements in this communication may be considered forward-looking. Statements that
are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and important factors could cause actual results to differ
materially from those anticipated. Because of these and other uncertainties, our actual future results may be materially different from the results indicated by these forward-looking statements. In addition, our past results of operations do not
necessarily indicate our future results. We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances after the date of this communication. </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g614809g0906083110369.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g614809g0906083110369.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  Y +@# 2(  A$! Q$!_\0
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2"MFBDYR:LP4(IW04445)1__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g614809g57p17.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g614809g57p17.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #__@ ?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP!#  (! 0(! 0(" @(" @(" P4# P,# P8$! ,%!P8'!P<&
M!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_VP!# 0(" @,# P8#
M P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# S_P  1"  W ),# 2(  A$! Q$!_\0 'P   04! 0$! 0$
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MQ.^%/P\O/"FC_!Z\_P"$QMO&7C6/[#)=111F.YCMM-_X^I(Y;66Y!,OV;H*
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M-_P3LU[7XKC^WOVDOVD-5DFZ&WU[3M(\K_KG]BLHJ@M?^"3OP_F_>:MXX_:
M\07':2_^+7B 2_\ D.YCKZBHH ^:8/\ @D_\++*;S(=8^-5O)_TS^+?BC_Y.
MK4TK_@GEI?A9O,TGXK?M V?M<_$;4M3_ /2V26OH*B@#S[P]\(]8\/Z);6;?
M$3QM?-;IM,]Z=.:XE[Y<_9>317H-% $(LDAEDDCCBCDF_P!8_P#STK\__P!O
MG]NCXO?!'XE_M'V/@:ZT,R?"WX9:#XSTFTU#33<1^5]NN_[5E/[P>9_HL?X&
M*OT&KYY^)W[#MO\ $3]KWQ!\1[S5(9-(\4?#*Y^'6I:&]OC[7YEU)*DWF?\
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M[&UU&^_M"*1Q)$'BN/W<4D4H)CD/F_ZTY\P5?^!G@7X^?LT_"2W\"^ ?@OX
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:'O1Y ]Z** #R![T>0/>BB@ \@>]%%% '_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g614809g58w69.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g614809g58w69.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #__@ ?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP!#  (! 0(! 0(" @(" @(" P4# P,# P8$! ,%!P8'!P<&
M!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_VP!# 0(" @,# P8#
M P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# S_P  1"  7 $0# 2(  A$! Q$!_\0 'P   04! 0$! 0$
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-@BKC@;CU-%%% '__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g614809g60b52.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g614809g60b52.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #__@ ?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP!#  (! 0(! 0(" @(" @(" P4# P,# P8$! ,%!P8'!P<&
M!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_VP!# 0(" @,# P8#
M P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# S_P  1"  S *4# 2(  A$! Q$!_\0 'P   04! 0$! 0$
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M ,\_+K)^(?C>Q^&?@G5->U*ZM;.RTNWDN99+B3RXAWYDH Z2BOS8\-?\%/\
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M_P#3./FM_P#X*L6NJ?M">/OA?\ ].U*^TG3_ (C7LMSK=[;GR\6UKY4OE?\
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0% !1110 4444 %%%% '_V0$!

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