<SEC-DOCUMENT>0001193125-15-196101.txt : 20150521
<SEC-HEADER>0001193125-15-196101.hdr.sgml : 20150521
<ACCEPTANCE-DATETIME>20150521091235
ACCESSION NUMBER:		0001193125-15-196101
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150521
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150521
DATE AS OF CHANGE:		20150521

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Integrated Electrical Services, Inc.
		CENTRAL INDEX KEY:			0001048268
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRICAL WORK [1731]
		IRS NUMBER:				760542208
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13783
		FILM NUMBER:		15881458

	BUSINESS ADDRESS:	
		STREET 1:		5433 WESTHEIMER
		STREET 2:		SUITE 500
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77056
		BUSINESS PHONE:		7138601500

	MAIL ADDRESS:	
		STREET 1:		5433 WESTHEIMER
		STREET 2:		SUITE 500
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77056

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTEGRATED ELECTRICAL SERVICES INC
		DATE OF NAME CHANGE:	19971022
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d931995d8k.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>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 8-K
</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): May&nbsp;21, 2015 </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>Integrated Electrical Services, Inc. </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 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:8pt" 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="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>001-13783</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>76-0542208</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or Other Jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of Incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification Number)</B></P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>5433 Westheimer Road, Suite 500, Houston, Texas 77056 </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) </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: (713)&nbsp;860-1500 </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 8-K 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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b)) </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>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c)) </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">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;7.01.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Regulation FD Disclosure. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On May&nbsp;21, 2015, Integrated Electrical Services, Inc.
(the &#147;Company&#148;) issued a press release announcing that its wholly-owned subsidiary Magnetech Industrial Services, Inc. (&#147;Magnetech&#148;) has acquired, as of May&nbsp;21, 2015, all of the common stock and associated real estate of
Southern Industrial Sales and Services, Inc., d/b/a Southern Rewinding and Sales (&#147;Southern Rewinding&#148;), a Columbus, Georgia-based motor repair and related field services company. Southern Rewinding will operate as a subsidiary of
Magnetech in IES&#146;s Infrastructure Solutions segment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The information in this Current Report on Form 8-K, including Exhibit 99.1
furnished herewith, is being furnished and shall not be deemed &#147;filed&#148; for purposes of Section&nbsp;18 of the Exchange Act of 1934, or otherwise subject to the liabilities of Section&nbsp;18, and shall not be incorporated by reference in
any filing under the Securities Act of 1933 or the Exchange Act of 1934, except as set forth by specific reference in such filing. </P> <P STYLE="font-size:18pt;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>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits. </B></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>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Exhibits. </TD></TR></TABLE> <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:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="86%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:55.75pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit&nbsp;Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Exhibit&nbsp;99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Press release dated May 21, 2015.</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"><B>SIGNATURES </B></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. </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="42%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="56%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><B>INTEGRATED ELECTRICAL SERVICES, INC.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: May&nbsp;21, 2015</TD>
<TD VALIGN="bottom"></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">&nbsp;&nbsp;&nbsp;&nbsp;/s/ Gail D. Makode</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">Gail D. Makode</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><I>Senior Vice President and General Counsel</I></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"><B>EXHIBIT INDEX </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:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="86%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:55.75pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit&nbsp;Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Exhibit&nbsp;99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Press release dated May 21, 2015.</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d931995dex991.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>
<P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g9319951.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:70%; font-size:10pt; font-family:Times New Roman">Contacts: Robert Lewey, President </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:70%; font-size:10pt; font-family:Times New Roman">Integrated Electrical Services, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:70%; font-size:10pt; font-family:Times New Roman">713-860-1500 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"><B>FOR IMMEDIATE
RELEASE </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INTEGRATED ELECTRICAL SERVICES ACQUIRES SOUTHERN REWINDING </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">HOUSTON &#151; May&nbsp;21, 2015 &#151; Integrated Electrical Services, Inc. (or &#147;IES&#148;) (NASDAQ: IESC) today announced that
Magnetech Industrial Services, Inc. (&#147;Magnetech&#148;), a wholly-owned subsidiary of IES, has acquired all of the common stock and associated real estate of Southern Industrial Sales and Services, Inc., d/b/a Southern Rewinding and Sales
(&#147;Southern Rewinding&#148;), a Columbus, Georgia-based motor repair and related field services company. Southern Rewinding will operate as a subsidiary of Magnetech in IES&#146;s Infrastructure Solutions segment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;The acquisition of Southern Rewinding will further expand Magnetech&#146;s geographic reach while adding capabilities and services that
Southern Rewinding can offer its customers,&#148; said Mike Rice, President of IES&#146;s Infrastructure Solutions segment. &#147;Strategically located in Columbus, GA, we believe that Southern Rewinding will complement our Saraland, Alabama
location and allow us to better serve our Gulf Coast customers. Additionally, I am extremely pleased that Michael Phillips will remain as General Manager and I look forward to working with him and his team.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Southern Rewinding was advised by the investment banking firm Bundy Group. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ABOUT INTEGRATED ELECTRICAL SERVICES, INC. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Integrated Electrical Services, Inc. is a holding company that owns and manages diverse operating subsidiaries, comprised of providers of
industrial products and infrastructure services to a variety of end markets. Our 2,800 employees serve clients in the United States and abroad. For more information about IES, please visit <U>www.ies-co.com</U>. </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>ABOUT IES INFRASTRUCTURE SOLUTIONS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IES&#146;s Infrastructure Solutions segment provides industrial and rail services, including electric motor repair and rebuilding; repair and
manufacturing of industrial lifting magnets; maintenance, remanufacturing, and repair services to the rail industry; and manufacturing and rebuilding of power assemblies, engine parts, and other components for large diesel engines. For more
information about IES Infrastructure Solutions, please visit <U>www.miscor.com</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Certain statements in this release may be deemed
&#147;forward-looking statements&#148; within the meaning of Section&nbsp;27A of the Securities Act of 1933 and Section&nbsp;21E of the Securities Exchange Act of 1934, all of which are based upon various estimates and assumptions that the Company
believes to be reasonable as of the date hereof. In some cases, you can identify forward-looking statements by terminology such as &#147;may,&#148; &#147;will,&#148; &#147;could,&#148; &#147;should,&#148; &#147;expect,&#148; &#147;plan,&#148;
&#147;project,&#148; &#147;intend,&#148; &#147;anticipate,&#148; &#147;believe,&#148; &#147;seek,&#148; &#147;estimate,&#148; &#147;predict,&#148; &#147;potential,&#148; &#147;pursue,&#148; &#147;target,&#148; &#147;continue,&#148; the negative of
such terms or other comparable terminology. These statements involve risks and uncertainties that could cause the Company&#146;s actual future outcomes to differ materially from those set forth in such statements. Such risks and uncertainties
include, but are not limited to, the ability of our controlling shareholder to take action not aligned with other shareholders; the sale or disposition of the shares of our common stock held by our controlling shareholder, which, under certain
circumstances, would trigger change of control provisions in our severance plan or financing and surety arrangements; or any other substantial sale of our common stock, which could depress our stock price; relatively low liquidity levels of our
common stock, which could depress our stock price; the possibility that we issue additional shares of common stock or convertible securities that will dilute the percentage ownership interest of existing stockholders and may dilute the book value
per share of our common stock; the possibility that certain tax benefits of our net operating losses may be restricted or reduced in a change in ownership; the inability to carry out plans and strategies as expected, including our inability to
identify and complete acquisitions that meet our investment criteria in furtherance of our corporate strategy; limitations on the availability of sufficient credit or cash flow to fund our working capital needs and capital expenditures and debt
service; difficulty in fulfilling the covenant terms of our credit facilities; competition in the industries in which we operate, both from third parties and former employees, which could result in the loss of one or more customers or lead to lower
margins on new projects; challenges integrating new businesses into the Company or new types of work, products or processes into our segments; fluctuations in operating activity due to downturns in levels of construction, seasonality and differing
regional economic conditions; a general reduction in the demand for our services; a change in the mix of our customers, contracts or business; our ability to enter into, and the terms of, future contracts; our ability to successfully manage
projects; the possibility of errors when estimating revenue and progress to date on percentage-of-completion contracts; closures or sales of facilities resulting in significant future charges, including potential warranty losses or other unexpected
liabilities, or a significant disruption of our operations; inaccurate estimates used when entering into fixed-priced contracts; the cost and availability of qualified labor; an increased cost of surety bonds affecting margins on work and the
potential for our surety providers to refuse bonding or require additional collateral at their discretion; increases in bad debt expense and days sales outstanding due to liquidity problems faced by our customers; the recognition of potential
goodwill, long-lived assets and other investment impairments; credit and capital market conditions, including changes in interest rates that affect the cost of construction financing and mortgages, and the inability for some of our customers to
retain sufficient financing which could lead to project delays or cancellations; accidents resulting from the physical hazards associated with our work and the potential for accidents; our ability to pass along increases in the cost of commodities
used in our business, in particular, copper, aluminum, steel, fuel and certain plastics; potential supply chain disruptions due to credit or liquidity problems faced by our suppliers; loss of key personnel and effective transition of new management;
success in transferring, renewing and obtaining electrical and construction licenses; backlog that may not be realized or may not result in profits; uncertainties inherent in estimating future operating results, including revenues, operating income
or cash flow; disagreements with taxing authorities with regard to tax positions we have adopted; the recognition of tax benefits related to uncertain tax positions; complications associated with the incorporation of new accounting, control and
operating procedures; the possibility that our internal controls over financial reporting and our disclosure controls and procedures may not prevent all possible errors that could occur; the effect of litigation, claims and contingencies, including
warranty losses, damages or other latent defect claims in excess of our existing reserves and accruals; growth in latent defect litigation in states where we provide </I></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"><I>
residential electrical work for home builders not otherwise covered by insurance; the possibility that our current insurance coverage may not be adequate or that we may not be able to obtain a
policy at acceptable rates; future capital expenditures and refurbishment, repair and upgrade costs, and delays in and costs of refurbishment, repair and upgrade projects; and liabilities under laws and regulations protecting the environment.
</I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>You should understand that the foregoing, as well as other risk factors discussed in this document and in the Company&#146;s annual report on Form
10-K for the year ended&nbsp;September 30, 2014, could cause future outcomes to differ materially from those experienced previously or those expressed in such forward-looking statements. The Company undertakes no obligation to publicly update or
revise any information, including information concerning its controlling shareholder, net operating losses, borrowing availability, or cash position, or any forward-looking statements to reflect events or circumstances that may arise after the date
of this release. </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Forward-looking statements are provided in this press release pursuant to the safe harbor established under the Private
Securities Litigation Reform Act of 1995 and should be evaluated in the context of the estimates, assumptions, uncertainties, and risks described herein. </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>General information about&nbsp;Integrated Electrical Services, Inc.&nbsp;can be found at&nbsp;http://www.ies-co.com&nbsp;under &#147;Investors.&#148; The
Company&#146;s annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, as well as any amendments to those reports, are available free of charge through the Company&#146;s website as soon as reasonably practicable
after they are filed with, or furnished to, the&nbsp;SEC. </I></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g9319951.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g9319951.jpg
M_]C_X``02D9)1@`!`0$!+`$L``#_X@Q824-#7U!23T9)3$4``0$```Q(3&EN
M;P(0``!M;G1R4D="(%A96B`'S@`"``D`!@`Q``!A8W-P35-&5`````!)14,@
M<U)'0@``````````````````]M8``0````#3+4A0("``````````````````
M`````````````````````````````````````````````!%C<')T```!4```
M`#-D97-C```!A````&QW='!T```!\````!1B:W!T```"!````!1R6%E:```"
M&````!1G6%E:```"+````!1B6%E:```"0````!1D;6YD```"5````'!D;61D
M```"Q````(AV=65D```#3````(9V:65W```#U````"1L=6UI```#^````!1M
M96%S```$#````"1T96-H```$,`````QR5%)#```$/```"`QG5%)#```$/```
M"`QB5%)#```$/```"`QT97AT`````$-O<'ER:6=H="`H8RD@,3DY."!(97=L
M971T+5!A8VMA<F0@0V]M<&%N>0``9&5S8P`````````2<U)'0B!)14,V,3DV
M-BTR+C$``````````````!)S4D="($E%0S8Q.38V+3(N,0``````````````
M````````````````````````````````````````````````````6%E:(```
M`````/-1``$````!%LQ865H@`````````````````````%A96B````````!O
MH@``./4```.06%E:(````````&*9``"WA0``&-I865H@````````)*````^$
M``"VSV1E<V,`````````%DE%0R!H='1P.B\O=W=W+FEE8RYC:```````````
M````%DE%0R!H='1P.B\O=W=W+FEE8RYC:```````````````````````````
M``````````````````````````````````!D97-C`````````"Y)14,@-C$Y
M-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92`M('-21T(`````````
M`````"Y)14,@-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92`M
M('-21T(`````````````````````````````9&5S8P`````````L4F5F97)E
M;F-E(%9I97=I;F<@0V]N9&ET:6]N(&EN($E%0S8Q.38V+3(N,0``````````
M````+%)E9F5R96YC92!6:65W:6YG($-O;F1I=&EO;B!I;B!)14,V,3DV-BTR
M+C$``````````````````````````````````'9I97<``````!.D_@`47RX`
M$,\4``/MS``$$PL``UR>`````5A96B```````$P)5@!0````5Q_G;65A<P``
M```````!`````````````````````````H\````"<VEG(`````!#4E0@8W5R
M=@````````0`````!0`*``\`%``9`!X`(P`H`"T`,@`W`#L`0`!%`$H`3P!4
M`%D`7@!C`&@`;0!R`'<`?`"!`(8`BP"0`)4`F@"?`*0`J0"N`+(`MP"\`,$`
MQ@#+`-``U0#;`.``Y0#K`/``]@#[`0$!!P$-`1,!&0$?`24!*P$R`3@!/@%%
M`4P!4@%9`6`!9P%N`74!?`&#`8L!D@&:`:$!J0&Q`;D!P0')`=$!V0'A`>D!
M\@'Z`@,"#`(4`AT")@(O`C@"00)+`E0"70)G`G$">@*$`HX"F`*B`JP"M@+!
M`LL"U0+@`NL"]0,``PL#%@,A`RT#.`-#`T\#6@-F`W(#?@.*`Y8#H@.N`[H#
MQP/3`^`#[`/Y!`8$$P0@!"T$.P1(!%4$8P1Q!'X$C`2:!*@$M@3$!-,$X03P
M!/X%#04<!2L%.@5)!5@%9P5W!88%E@6F!;4%Q075!>4%]@8&!A8&)P8W!D@&
M609J!GL&C`:=!J\&P`;1!N,&]0<'!QD'*P<]!T\'80=T!X8'F0>L![\'T@?E
M!_@("P@?"#((1@A:"&X(@@B6"*H(O@C2".<(^PD0"24).@E/"60)>0F/":0)
MN@G/">4)^PH1"B<*/0I4"FH*@0J8"JX*Q0K<"O,+"PLB"SD+40MI"X`+F`NP
M"\@+X0OY#!(,*@Q##%P,=0R.#*<,P`S9#/,-#0TF#4`-6@UT#8X-J0W##=X-
M^`X3#BX.20YD#G\.FPZV#M(.[@\)#R4/00]>#WH/E@^S#\\/[!`)$"800Q!A
M$'X0FQ"Y$-<0]1$3$3$13Q%M$8P1JA')$>@2!Q(F$D429!*$$J,2PQ+C$P,3
M(Q-#$V,3@Q.D$\43Y10&%"<4211J%(L4K13.%/`5$A4T%585>!6;%;T5X!8#
M%B86219L%H\6LA;6%OH7'1=!%V47B1>N%](7]Q@;&$`891B*&*\8U1CZ&2`9
M11EK&9$9MQG=&@0:*AI1&G<:GAK%&NP;%!L[&V,;BANR&]H<`APJ'%(<>QRC
M',P<]1T>'4<=<!V9'<,=[!X6'D`>:AZ4'KX>Z1\3'SX?:1^4'[\?ZB`5($$@
M;""8(,0@\"$<(4@A=2&A(<XA^R(G(E4B@B*O(MTC"B,X(V8CE"/"(_`D'R1-
M)'PDJR3:)0DE."5H)9<EQR7W)B<F5R:')K<FZ"<8)TDG>B>K)]PH#2@_*'$H
MHBC4*08I."EK*9TIT"H"*C4J:"J;*L\K`BLV*VDKG2O1+`4L.2QN+*(LURT,
M+4$M=BVK+>$N%BY,+H(NMR[N+R0O6B^1+\<O_C`U,&PPI##;,1(Q2C&",;HQ
M\C(J,F,RFS+4,PTS1C-_,[@S\30K-&4TGC38-1,U336'-<(U_38W-G(VKC;I
M-R0W8#><-]<X%#A0.(PXR#D%.4(Y?SF\.?DZ-CIT.K(Z[SLM.VL[JCOH/"<\
M93RD/.,](CUA/:$]X#X@/F`^H#[@/R$_83^B/^)`(T!D0*9`YT$I06I!K$'N
M0C!"<D*U0O=#.D-]0\!$`T1'1(I$SD42155%FD7>1B)&9T:K1O!'-4=[1\!(
M!4A+2)%(UTD=26-)J4GP2C=*?4K$2PQ+4TN:2^),*DQR3+I-`DU*39--W$XE
M3FY.MT\`3TE/DT_=4"=0<5"[40914%&;4>92,5)\4L=3$U-?4ZI3]E1"5(]4
MVU4H5755PE8/5EQ6J5;W5T17DE?@6"]8?5C+61I9:5FX6@=:5EJF6O5;15N5
M6^5<-5R&7-9=)UUX7<E>&EYL7KU?#U]A7[-@!6!78*I@_&%/8:)A]6))8IQB
M\&-#8Y=CZV1`9)1DZ64]99)EYV8]9I)FZ&<]9Y-GZ6@_:)9H[&E#:9II\6I(
M:I]J]VM/:Z=K_VQ7;*]M"&U@;;EN$FYK;L1O'F]X;]%P*W"&<.!Q.G&5<?!R
M2W*F<P%S77.X=!1T<'3,=2AUA77A=CYVFW;X=U9WLW@1>&YXS'DJ>8EYYWI&
M>J5[!'MC>\)\(7R!?.%]07VA?@%^8G["?R-_A'_E@$>`J($*@6N!S8(P@I*"
M](-7@[J$'82`A..%1X6KA@Z&<H;7ASN'GX@$B&F(SHDSB9F)_HIDBLJ+,(N6
MB_R,8XS*C3&-F(W_CF:.SH\VCYZ0!I!ND-:1/Y&HDA&2>I+CDTV3MI0@E(J4
M])5?E<F6-):?EPJ7=9?@F$R8N)DDF9"9_)IHFM6;0INOG!R<B9SWG62=TIY`
MGJZ?'9^+G_J@::#8H4>AMJ(FHI:C!J-VH^:D5J3'I3BEJ:8:IHNF_:=NI^"H
M4JC$J3>IJ:H<JH^K`JMUJ^FL7*S0K42MN*XMKJ&O%J^+L`"P=;#JL6"QUK)+
MLL*S.+.NM"6TG+43M8JV`;9YMO"W:+?@N%FXT;E*N<*Z.[JUNRZ[I[PAO)N]
M%;V/O@J^A+[_OWJ_]<!PP.S!9\'CPE_"V\-8P]3$4<3.Q4O%R,9&QL/'0<>_
MR#W(O,DZR;G*.,JWRS;+MLPUS+7--<VUSC;.ML\WS[C0.="ZT3S1OM(_TL'3
M1-/&U$G4R]5.U='65=;8UUS7X-ADV.C9;-GQVG;:^]N`W`7<BMT0W9;>'-ZB
MWRG?K^`VX+WA1.',XE/BV^-CX^OD<^3\Y83F#>:6YQ_GJ>@RZ+SI1NG0ZEOJ
MY>MPZ_OLANT1[9SN*.ZT[T#OS/!8\.7Q<O'_\HSS&?.G]#3TPO50]=[V;?;[
M]XKX&?BH^3CYQ_I7^N?[=_P'_)C]*?VZ_DO^W/]M____VP!#``(!`0(!`0("
M`@("`@("`P4#`P,#`P8$!`,%!P8'!P<&!P<("0L)"`@*"`<'"@T*"@L,#`P,
M!PD.#PT,#@L,#`S_VP!#`0("`@,#`P8#`P8,"`<(#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"`!*`*T#
M`2(``A$!`Q$!_\0`'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`
MM1```@$#`P($`P4%!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*Q
MP152T?`D,V)R@@D*%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA9
M6F-D969G:&EJ<W1U=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*S
MM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ
M_\0`'P$``P$!`0$!`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#
M!`<%!`0``0)W``$"`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1
M"A8D-.$E\1<8&1HF)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI
M:G-T=79W>'EZ@H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZ
MPL/$Q<;'R,G*TM/4U=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1
M`Q$`/P#N?^"U'_!:7]HO]CK_`(*)^,/A_P##[QEI6D>%=(LM-FM;6;0+.[=&
MFLXI9"9)$+'+L3R>,XKY4_XB0_VP/^BB:%_X2FG_`/QNG_\`!R+_`,I>?B%_
MV#M&_P#3=!7PG-<);IND8(O<G@"OTO+\OPLL+3E*G%MQ71=CPJ]:HJDDI/<^
MZ?\`B)#_`&P/^BB:%_X2FG__`!NC_B)#_;`_Z*)H7_A*:?\`_&Z^#QK-J>MQ
M`/\`@8_QI?[7M?\`GYM_^^Q7;_96%_Y]1^Y&7MZO=GW?_P`1(?[8'_11-"_\
M)33_`/XW1_Q$A_M@?]%$T+_PE-/_`/C=?"']KVQ/_'S!_P!]C_&IA.C6YE5T
M9!W!X'XT?V7A=_91^Y`Z]5?:9]T_\1(?[8'_`$430O\`PE-/_P#C='_$2'^V
M!_T430O_``E-/_\`C=?"/]JVH8C[3!@=RX']:4:K:GI<P'Z.#0LKPCVI1^Y!
M[>K_`#,^[?\`B)#_`&P/^BB:%_X2FG__`!NC_B)#_;`_Z*)H7_A*:?\`_&Z^
M$?[6M/\`GYM_^_@I#J]K_P`_-O\`]_!2_LO"?\^H_<A+$5'M)_>?=_\`Q$A_
MM@?]%$T+_P`)33__`(W1_P`1(?[8'_11-"_\)33_`/XW7P?_`&Q:_P#/S!_W
MV/\`&E_M>V(R+B''^^*?]EX7_GU'[D#Q%1?:?WGW?_Q$A_M@?]%$T+_PE-/_
M`/C='_$2'^V!_P!%$T+_`,)33_\`XW7PK!<I<$[&5@#@D<U)2_LS"6O[*/W(
M?MZNW,S[F_XB0_VP/^BB:%_X2FG_`/QNC_B)#_;`_P"BB:%_X2FG_P#QNOA@
MGFI=(L;GQ#J`M-.MKG4;H](;2)II#_P%030\LPBU=*/_`("@5>J]I,^XO^(D
M/]L#_HHFA?\`A*:?_P#&Z/\`B)#_`&P/^BB:%_X2FG__`!NOD^+]F3XG3PB2
M/X:_$-T;D,OAJ](8>H/EX-<YXL\#Z[X!;&OZ%K>A$'!&HV$MH1_W\45"P&">
MU./W(KVM?NS[3_XB0_VP/^BB:%_X2FG_`/QNC_B)#_;`_P"BB:%_X2FG_P#Q
MNOA=)!(@92"I[CD4JN&'!J_[,PG_`#ZC]R(^L5=^9GW/_P`1(?[8'_11-"_\
M)33_`/XW7[:_\$0?VK/'/[:'_!/KP_X]^(NJ6VL^*+_4]1MI[J"RBLT:.&Y>
M.,>7&`HPH`SCFOY9*_I7_P"#9O\`Y1,^$_\`L-ZQ_P"ELE>!Q'@Z%+"J5*"3
MNMDET9VX&K.52TG?0_)'_@Y%_P"4O/Q"_P"P=HW_`*;H*^-_A?\`%?Q#\%O&
M$&O^&-073-6ME*QS-;17*@'J"DJLC`^A!K[(_P"#D7_E+S\0O^P=HW_IN@KX
M6/`->]EL5+!THR5URK\CCKMJK)KN?M5_P;\?MZ:G^V[\;=9^&'Q3\"?#'Q&]
MCHDFL6FNQ^%K*UO"4FC1HI5CC$;`B3((4$8YS7ZW_P##+7PR_P"B=>!/_!!:
M?_&Z_!C_`(-4?^4C.O\`_8EW?_I3;5_1%7PF?TU2Q;C3T5EHF>QA)\].[/P[
M_P""^G_!0G6OV//VF(_A-\+?`_PR\*00Z/;:I=ZW_P`(K975_*TQ?$<8DC:-
M$`0<[2Q)Z@5^3/B'XV^*O%'Q/'C2]U<R^)UF2=+U;:&/RW484B-4$>`.,;<>
MU?<G_!T%_P`I4+W_`+%32_\`VM7YXGH:^UR;#TXX2$TM6KM]SRL7)^T:['ZV
M?\$&?^"AOB7]IO\`:\T[X2?%#PI\.O&VE:Y87=S;:G<>%;&WO["2"(N!NBB5
M71@I!W*6!Q@]:_:S_AEGX8_]$Y\"?^""T_\`C=?SJ_\`!MHW_&VOP0/^H3JO
M_I(]?TS5\CQ)2C2Q=J6B:OHV>E@I.5.\M3\@_P#@N%_P4&?_`()G?M$>$_"7
M@CX,_`_6=.U_P[_:TTFL^&E>9)?M,L6%\HH-NU!U!.2:^+!_P<3>-O\`H@'[
M-7_A+R?_`!RO4?\`@[8_Y/:^&O\`V)/_`+?7%?E0>17T.48"A4P=.K4C=M=W
MW9R8BM.-1V9^@Y_X.*_')(_XL%^S9_X3$G_QROLG_@DI_P`%E/AA^V?\4H/A
MS\5?A'\*O!/B[6'(T*^TS1H%TW4W`S]G82JS1S'!V_-M;H,'K^<G_!.#_@GJ
MW[4?P@^-WQ*\06DY\%_"WPAJ%S`ZLR)>:O\`9V>",,.HC'[QA[H.]?)NC:G=
MZ1>VE]:7,]K>VCK/!/"Y22%U(974CD$$`C'I6]7*L%B%.C35G'JF]']Y*K5:
M;4IO1GZR_P#!US\'-"^'7QC^$&I:#HVDZ+;ZAH]_:RPV%E';([1SQL&8(`"<
M/CGTK\EP,D`*S9(``&23Z"OO;_@IC_P46TS_`(*+?L%_`^_UG4+)?BMX&U2]
MTCQ'9A@);R-H(_+OD7_GG)L&['1RP]*\%_X)9^`=)^)W_!1KX+:)K<4=QI=]
MXKLS/#(/DEV,9%0^H+(*TRYSPV!_>K6"E?Y-F-6TJUX[.WXGWU^P_P#\$&O`
M_P`$?V8+_P"/W[64M]#H.E:8=9'A*W9HA';;<I]K9<.TKY7$2%<%@&)/`\2^
M)/\`P<!>(?!<DND?L]?"KX:?!?PS:#R-.NX=$BN]:\H#@RR,-FX_1CZL:_H'
M_:M_9OT/]KC]G?Q9\-?$C7,.B^+[!K&>6W8"6WR0RR)GC*NJL`>.*_"WXX?\
M&J'QX\&>(6C\#>)/!/C?2CRDUW<OI5P.>C(RNN?HV*\#+,QP^)E*>/E=WT3O
MRI?E]YWUZ4X:45Z]SP";_@O=^UU/<%S\9-35L]%TBP51^'D]*[3X>_\`!Q=\
M?]*46WCVS^'OQ>TO>"UIXG\/P@X_V6A"\_4$<UB>+O\`@WA_:U\(M)GX<6FJ
M)'_%IVM6T^[Z`L"?RKS?6_\`@CS^U-H5PZ2_`CXB3;,Y:VL%G7\"K'->\EE<
MU;W/E9?E8Y$\0GU/U;_X)UI^PW_P5L\=1ZV/@QX>\%_%W09(]2NM`,KV\=P8
MV!$\*1,D,\88`LNS*C&X<U^6O_!:/0K?PQ_P5*^,UC9VL%C:1:V/)MX(A%'&
MI@B(VJH``.<\5YS%X'^-G[`?Q3T+QA=>%?&_PZ\2Z!=I=V%W?Z7-;A'7D@DK
MM92,AE)P02*L_M\?M<C]NG]J/7?B@VAKX=NO$=M9K>623B:,7$-M'#)(C8'R
MNT98`\@-@D]:C!8+V6+=2G+GIN+2UO9W0J]7FI\KC9W/'*_I7_X-F_\`E$SX
M3_[#>L?^ELE?S45_2O\`\&S?_*)GPG_V&]8_]+9*YN*/]S7^)?DR\O\`XK]#
M\D?^#D7_`)2\_$+_`+!VC?\`IN@KX6/0U]T_\'(O_*7GXA?]@[1O_3=!7PM7
MK99_NE+_``K\CFQ/\67K^I^F7_!JC_RD9U__`+$N[_\`2FVK^B*OYW?^#5'G
M_@HQK_\`V)EW_P"E-M7]$5?#<2?[Z_1'K8#^%\S^;G_@Z"_Y2H7O_8J:7_[6
MK\\3T-?H=_P=`_\`*5&]_P"Q4TO_`-K5^>)X!K[G*%_L5/\`PH\S&?Q)>I]W
M?\&VF/\`A[5X(]?[)U7_`-)'K^F:OYF?^#;1?^-M?@@_]0G5?_21Z_IFKX[B
MO_?%_A7ZGHY?_"/R9_X+[^)_V1M$_:6\'1_M#>&?BOKGBAO#6[3)?"MR(K9+
M/[5,-L@,B?/YF\].A%?")\>_\$R2/^2>_M*#_N(K_P#)%>J?\';/'[;7PW/_
M`%)/_M]<5^56<K7O9/@HSP5.3G)76REI]QS8JIRU'HON/Z4?"GC3X(>-_P#@
MAA\2)_V?K.#3?`-MX+U:W^QF/R[RUNA;-YJ78)+&?)!8DG.1@XK^:J(X@C/^
MR*^HO^">_P#P4`F_9,^'OQD\"ZQ->W'@SXK>$+[2VMX4,GV34S`RVTX3L&)*
M.1_"P/\`#7R_$A$"`]0HS[5TY7@I8656,FVFTTWU_P""9XBJJD8OLA2RQKN.
M`#QG-;GPP^(>K?"3XC:#XKT"Y^R:UX=OX=1L)A_!-$ZNO'<9`R.XS7WU_P`$
MLOV#4TO]B?XV?M1^-M.ADTKPUX5U.Q\&P7D0>.ZO6@:)[S:PPRQLPC0]-Q8C
M[M?,W_!+;X*^#_VB?VY/`OP^\<VC7?A_QB]SH\A5RCP326T@@F4@CYTE",,\
M9'-=?UVE-55;2&_GIJOD8*E-<KVOL?T#_P#!-S_@MK\(_P!OOPOI5A-KECX1
M^)+Q".]\-:G,(7DF4#>]JY^6:,D\8.[L5K[1`!7C&#Z5_(5^V]^Q;XR_X)__
M`+16K>`?%UO/#=Z=*9]+U2,,D6JVI)\NYA<8ZCJ`<HP*]JSOA?\`ML?&/X)$
M'PE\4_'VA?O!(%@UJ=D!`P/E=F4\=B,5\Q5X7IU5[;"U/=>JN=\<<X>[-:H_
ML&Q[FD+A>XY_6OY4-._X+9?M9:6`(_CKXPD&<_OXK2;_`-"AZ5Z=X)_X.3/V
MKO!TD)G\6>&]?CB7:8]2T*%A)[L8RAS[YKCEPIB[>[*/WO\`R-5F%-[IG]+&
MK:-9>(]/EM+^TMKZUF4K)#<1+)'(IX(*L""*_#C_`(.+?^"/O@KX`?#^'XX_
M"_1[7PQ8#4(K#Q'HEF@CLAYQ*QW4*#B,[\*ZC@[P1BOH#_@C7_P<%:[^W-\<
MK;X5_$KPII&F>*-4M;BZTO5M%9TM+HPJ7:*2%RQ1M@)#!R#C&*]1_P"#E+XF
M:3X,_P""5WBK3;^6%;[Q5J>GZ=IL+?>EF6=9FP.ORI$Y)[<5S8*&*P./A1EH
MVU=;W3+K.%6DYH_FL_2OZ5_^#9O_`)1,^$_^PWK'_I;)7\U&`.,D^N:_I7_X
M-F_^43/A/_L-ZQ_Z6R5]+Q1_N:_Q+\F<.7?Q'Z'Y(_\`!R+_`,I>?B%_V#M&
M_P#3=!7P_I.C7NOWHMM/LKW4+EAD0VL#SRL/4*H)/Y5]P?\`!R+_`,I>?B%_
MV#M&_P#3=!7QE\/?B=XE^$?B(:QX4\0ZWX8U98VA%[I5Y):7`1OO+O0AL'`R
M,\UZN77^IT[?RK\CGQ'\67J?KM_P;'?L#?%SX1?M,Z[\3O&'@O6?"GA&Z\-2
M:?8S:K#]FEU"6::)@8HF^?8%C8EF`ZC&:_<(G%?Q^R?MS?&^4Y;XQ_%$^W_"
M37G_`,<IH_;D^-@_YK!\4/\`PI;S_P".5X./R#$8NLZTYI?)G90QD(1Y8IGZ
M1_\`!RW^P%\7?'O[8;_%?PUX&UOQ1X)E\.6EI/>:1`;I["2`R!_.C7YP"'!!
M`(QGD&OR6N/#^HVVJC3Y=.U"'4'(46LEK(MP2>@$9&[]*](7]N;XW)DK\8OB
MBI(QQXFO/_CE<GJWQN\::[\28/&5]XM\27OB^V9'AUR?4)7U")D&$99B=X*C
M@<\5[^7T*^'HJE-IV5E9/\3DKRC.3<>I^D7_``;9_L+_`!6L?VY]"^*>I^"M
M=T/P'HVEW\;:IJ=JUK'<RRQ&)8XEDP[G<<D@8`'6OZ#*_C_G_;J^-]PQ,GQD
M^*+$^OB>\_\`CE1G]N/XUG_FL/Q._P#"FN__`(NO$S+(L1C*OM9S2TMHF=5'
M%TJ4.1'[5?\`!PS_`,$B?BM^W?\`$;P?\0?AC!I>MS>'M&?1[_1Y[E;:Y<>>
MTJ2Q,_RM_K""I((P",Y-?E@__!#;]K.,E1\$O$QQQG[5:'_VK7D@_;A^-@_Y
MK#\3_P#PIKS_`..4O_#<?QLR?^+P_$\Y]?$UY_\`'*[<%@<;AJ2HPG%I=T_\
MR*E2E.7,TSU@?\$./VM"?^2(>)?_``)L_P#X[7M_[$/_``;9_'+XY?%&Q'Q2
MT`_#7P/9W"MJ<MS=12:C>1#DQV\<;,`6QMWL0%SGD\5\<I^W/\;T.?\`A<GQ
M2S_V-%Y_\<IX_;L^.`/'QD^*(_[F>\_^.5T5:.83BX*<%\I7_,B+I+6S_KY'
M]`G_``7&TG1/V7?^"+/C+PGX8T^#1-!@M-.\.Z=:0*`D,37,0VCZA3DGJ22:
M_`K_`()W>*Y/`O[?'P;U6-Q&;7QCIHW`\@-<(I_1JY;X@_M2_$_XM^'&T?Q9
M\1_'7B?2'D65K'5=;N+NV9U^ZQ21RN0>AQQ7%:?J5SHNI6][9W$UG>6LJSP3
MPN4DAD4AE=6'(8,`01T(K/+<JGAL/.C.7,Y7U]58=7$QJ332LD?TT?\`!3(?
MLF_MQZC<?`CXG?$;PCH?Q(L&#:6YNU@U/0[F1`R,KL`GS`KNB9@&![<&OQ^_
M:8_X-W/VB?@A?M=>$='L?B[X8GE<6>H^&IXY)WC'1I(&(*DC^X6&>AKX@\8^
M*-4^(?B2]UGQ!J5_KFL:E*9KN^OYVGN+IS@%G=B2QP`,GT%=S\(?VQOBY\`;
M2*U\$?$WQUX5LH6WK::=K,T-MG.>8PVW]*PPF58G"PY:%5-=4UI?RL%3$4ZL
MK3C]QF>,OV;?B/\`#S6Y--USX?>.-+OXAEX)]"N@ZC\$(KI_@M^P'\</VBKD
MQ>"OA1XYUO:VQY!I<EO#&>/O23!%'4=Z]F\.?\%\/VM?#-F(8OBY?70'\=[I
MMI<O^;1YKE/BA_P6,_:?^+L+1:M\:?&=M"QRT>EW(TU3U'_+`*<<],UZ'^WM
M-*,?6[_R1"5#S_`_0C_@GQ^QO\./^"&;7/QL_:6\>^'[;XBO9366A>%=*G%[
M=68=<R*JKS)<.N$[(@S\QSFO@?\`X*M?\%1_$_\`P4[^.$.KWEM)H/@CP\)(
M?#NA^;YGV=6/S3RGHT\@`R1PH`49QD_,7B#6;WQ9K4^I:K>WFIZC=L7GN[N=
MIIYF/=G8EB?J:J@8K+#97RUGB:[YY]^WHB:E=\OLTK(6OZ5_^#9O_E$SX3_[
M#>L?^ELE?S45_2O_`,&S?_*)GPG_`-AO6/\`TMDKS^*/]S7^)?DS?+_XK]#\
MC?\`@Y)O(8?^"O?Q#5Y8U8:;HW!8`_\`(.@KX4_M&W_Y[P_]]BO[*/%O[.WP
M^^(.NRZKKW@7P=K>J7"JLMYJ&BVUS<2!0%4,[H6(```R>`*S?^&0OA-_T2_X
M=_\`A-V?_P`;KGP6=^SP\(<FR2W\O0NKA>:;=^I_'3_:-O\`\]X?^^Q1_:-O
M_P`]X?\`OL5_8M_PR%\)O^B7_#O_`,)NS_\`C='_``R%\)O^B7_#O_PF[/\`
M^-UT_P!O_P#3O\?^`9_4_/\``_CI_M&W_P">\/\`WV*/[1M_^>\/_?8K^Q;_
M`(9"^$W_`$2_X=_^$W9__&Z/^&0OA-_T2_X=_P#A-V?_`,;H_M__`*=_C_P`
M^I^?X'\=/]HV_P#SWA_[[%']HV__`#WA_P"^Q7]BW_#(7PF_Z)?\._\`PF[/
M_P"-T?\`#(7PF_Z)?\.__";L_P#XW1_;_P#T[_'_`(`?4_/\#^.G^T;?_GO#
M_P!]BC^T;?\`Y[P_]]BO[%O^&0OA-_T2_P"'?_A-V?\`\;H_X9"^$W_1+_AW
M_P"$W9__`!NC^W_^G?X_\`/J?]X_CI_M&W_Y[P_]]BC^T;?_`)[P_P#?8K^Q
M;_AD+X3?]$O^'?\`X3=G_P#&Z/\`AD+X3?\`1+_AW_X3=G_\;H_M_P#Z=_C_
M`,`/J?\`>/XZ?[1M_P#GO#_WV*/[1M_^>\/_`'V*_L6_X9"^$W_1+_AW_P"$
MW9__`!NC_AD+X3?]$O\`AW_X3=G_`/&Z/[?_`.G?X_\``#ZGY_@?QT_VC;_\
M]X?^^Q1_:-O_`,]X?^^Q7]BW_#(7PF_Z)?\`#O\`\)NS_P#C='_#(7PF_P"B
M7_#O_P`)NS_^-T?V_P#]._Q_X`?4_/\``_CI_M&W_P">\/\`WV*/[1M_^>\/
M_?8K^Q;_`(9"^$W_`$2_X=_^$W9__&Z/^&0OA-_T2_X=_P#A-V?_`,;H_M__
M`*=_C_P`^I^?X'\=/]HV_P#SWA_[[%']HV__`#WA_P"^Q7]BW_#(7PF_Z)?\
M._\`PF[/_P"-T?\`#(7PF_Z)?\.__";L_P#XW1_;_P#T[_'_`(`?4_/\#^.G
M^T;?_GO#_P!]BOZ6_P#@V7E2?_@DOX29&5U_MO6.5.1_Q^R5]=_\,A?";_HE
M_P`._P#PF[/_`.-UV'@[P-HGP[T*/2_#^CZ7H6F1,SI::?:1VL",QRQ"(`H)
;/)..37D9WFGUC#JGRVU77U\CJPF'Y)\US__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
