<SEC-DOCUMENT>0000066570-15-000026.txt : 20150514
<SEC-HEADER>0000066570-15-000026.hdr.sgml : 20150514
<ACCEPTANCE-DATETIME>20150514155411
ACCESSION NUMBER:		0000066570-15-000026
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150512
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150514
DATE AS OF CHANGE:		20150514

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MSA Safety Inc
		CENTRAL INDEX KEY:			0000066570
		STANDARD INDUSTRIAL CLASSIFICATION:	ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842]
		IRS NUMBER:				464914539
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15579
		FILM NUMBER:		15862665

	BUSINESS ADDRESS:	
		STREET 1:		1000 CRANBERRY WOODS DRIVE
		CITY:			CRANBERRY TOWNSHIP
		STATE:			PA
		ZIP:			16066
		BUSINESS PHONE:		724-776-8600

	MAIL ADDRESS:	
		STREET 1:		1000 CRANBERRY WOODS DRIVE
		CITY:			CRANBERRY TOWNSHIP
		STATE:			PA
		ZIP:			16066

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MINE SAFETY APPLIANCES CO
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>sharerepurchaseprogram8-k.htm
<DESCRIPTION>8-K
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2015 Workiva -->
		<title>Share Repurchase Program 8-K</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<a name="s97de0ac7ca67479fab65fc0b47644359"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:16pt;"><font style="font-family:Arial;font-size:16pt;font-weight:bold;">UNITED STATES</font></div><div style="line-height:120%;text-align:center;font-size:16pt;"><font style="font-family:Arial;font-size:16pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Washington, D.C. 20549</font></div><div style="line-height:120%;text-align:center;font-size:5pt;"><font style="font-family:Arial;font-size:5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">________________</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:Arial;font-size:18pt;">FORM 8-K</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">________________</font></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">CURRENT REPORT</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Pursuant to Section 13 or 15(d) of the</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Securities Exchange Act of 1934</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Date of Report (Date of earliest event reported):  May 12, 2015</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;"><img src="a8kimage1a03.jpg" style="height:41px;width:86px;"></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:20pt;"><font style="font-family:Arial;font-size:20pt;font-weight:bold;">MSA SAFETY INCORPORATED</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(Exact name of registrant as specified in its charter)</font></div><div style="line-height:120%;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td width="34%"></td><td width="33%"></td><td width="33%"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Pennsylvania</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">1-15579</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">46-4914539</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">(State or other jurisdiction of incorporation or organization)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">(Commission File Number)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">(IRS Employer Identification Number)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td width="50%"></td><td width="50%"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">1000 Cranberry Woods Drive</font></div><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Cranberry Township, PA  </font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">16066</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">(Address of principal executive offices)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">(Zip Code)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Registrant&#8217;s telephone number, including area code:  724-776-8600</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">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></div><div style="line-height:120%;text-align:left;font-size:5pt;"><font style="font-family:Arial;font-size:5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:14pt;padding-left:0px;"><font style="font-family:Wingdings;font-size:14pt;">&#168;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:14pt;"><font style="font-family:Arial;font-size:11pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:-24px;font-size:5pt;"><font style="font-family:Arial;font-size:5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:14pt;padding-left:0px;"><font style="font-family:Wingdings;font-size:14pt;">&#168;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:14pt;"><font style="font-family:Arial;font-size:11pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:-24px;font-size:5pt;"><font style="font-family:Arial;font-size:5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:14pt;padding-left:0px;"><font style="font-family:Wingdings;font-size:14pt;">&#168;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:14pt;"><font style="font-family:Arial;font-size:11pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act  (17 CFR 240.14d-2(b))</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:14pt;padding-left:0px;"><font style="font-family:Wingdings;font-size:14pt;">&#168;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:14pt;"><font style="font-family:Arial;font-size:11pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act  (17 CFR 240.13e-4(c))</font></div></td></tr></table><div style="line-height:120%;"><hr></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s97de0ac7ca67479fab65fc0b47644359"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Item 8.01.  Other Events. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">On May 12, 2015, the Board of Directors of the Company adopted a new stock repurchase program to replace its existing program.  The new program authorizes up to $100 million in repurchases of common stock in the open market and in private transactions.  The Board did not set a termination date for the new program.  A press release announcing the repurchase program was issued and is attached hereto as Exhibit 99.1 and is incorporated by reference herein.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Item 9.01.  Financial Statements and Exhibits. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#32;(d)  The following exhibits are furnished with this report on Form 8-K.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:94.140625%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td width="22%"></td><td width="78%"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">Exhibit No.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">Description</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">99.1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">MSA Safety Incorporated Press Release dated May 13, 2015. </font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-style:italic;">[Remainder of page intentionally blank]</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s97de0ac7ca67479fab65fc0b47644359"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">SIGNATURE</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:Arial;font-size:11pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, MSA Safety Incorporated has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td width="6%"></td><td width="3%"></td><td width="91%"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="3" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">MSA SAFETY INCORPORATED</font></div></td></tr><tr><td colspan="3" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(Registrant)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">By</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">/s/ Stacy P. McMahan</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Stacy P. McMahan</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Senior Vice President of Finance, Chief&#160;Financial Officer, and Treasurer</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:16px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Date: May 14, 2015</font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><a name="s97de0ac7ca67479fab65fc0b47644359"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">EXHIBIT INDEX</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;</font></div><div style="line-height:120%;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td width="16%"></td><td width="6%"></td><td width="78%"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Exhibit No.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Description</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">99.1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#160;&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">MSA Safety Incorporated Press Release dated May 13, 2015.</font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:16px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><br><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2015 Workiva -->
		<title>Ex99.1</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<a name="s906B89F0F25CF40F65234EFAF3469F12"></a><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Exhibit 99.1</font></div><div style="line-height:120%;text-align:right;"><img src="a8kimage1a03.jpg" style="font-family:Arial;font-size:11pt;height:54px;width:114px;"></div></div><br><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#58585a;font-weight:bold;">FROM:</font><font style="font-family:Arial;font-size:11pt;color:#58585a;">&#32;&#160;&#160;&#160;&#160;MSA Safety Incorporated</font></div><div style="line-height:120%;text-align:left;text-indent:65px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#58585a;">Ticker: MSA (NYSE)</font></div><div style="line-height:120%;text-align:left;text-indent:65px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#58585a;">Media Relations Contact: Mark Deasy &#8211; (724) 741-8570</font></div><div style="line-height:120%;text-align:left;text-indent:65px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#58585a;">Investor Relations Contact: Ken Krause &#8211; (724) 741-8534</font></div><div style="line-height:100%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:240%;text-align:left;font-size:13.5pt;"><font style="font-family:Arial;font-size:13.5pt;"><br></font></div><div style="line-height:240%;text-align:left;font-size:13.5pt;"><font style="font-family:Arial;font-size:13.5pt;color:#58585a;font-style:italic;font-weight:bold;text-decoration:underline;">MSA Safety Incorporated Announces Stock Repurchase Program</font></div><div style="line-height:240%;text-align:left;text-indent:48px;font-size:13.5pt;"><font style="font-family:Arial;font-size:13.5pt;color:#58585a;font-style:italic;font-weight:bold;"></font><font style="font-family:Arial;font-size:11pt;color:#58585a;">PITTSBURGH, May 13, 2015 &#8211; MSA Safety Incorporated (NYSE: MSA) today announced that its Board of Directors has authorized the company to repurchase up to $100 million in shares of MSA common stock from time to time in private transactions and on the New York Stock Exchange.   This program replaces an earlier program authorized in 2005.  </font></div><div style="line-height:240%;text-align:left;text-indent:301px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#58585a;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:240%;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#58585a;">The repurchases will be funded from available working capital or through borrowings on the company&#8217;s revolving credit facility, said Stacy McMahan, MSA Senior Vice President and Chief Financial Officer.   &#8220;The Board&#8217;s decision is based on their review of MSA&#8217;s corporate strategy, our capital structure, future earnings expectations and overall confidence in MSA&#8217;s future,&#8221; Ms. McMahan said.  &#8220;We consider this repurchase program to be an important factor in our ongoing efforts to enhance value for our shareholders.&#8221;  Ms. McMahan added that the repurchased shares will be held in treasury.  </font></div><div style="line-height:240%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:240%;text-align:left;text-indent:46px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#58585a;">While the program will initially be used to offset dilution associated with employee stock compensation, the company may expand the focus of the program in the future.  The MSA Board did not set a time limitation on the repurchase program.  </font></div><div style="line-height:240%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:240%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#58585a;">(more)</font></div><div style="line-height:240%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><br><div><div style="line-height:120%;text-align:left;padding-left:205px;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;color:#58585a;font-style:italic;">&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;</font><font style="font-family:Arial;font-size:10pt;">&#32;&#32;&#32;&#32;</font></div></div><hr style="page-break-after:always"><a name="s906B89F0F25CF40F65234EFAF3469F12"></a><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">-</font><font style="font-family:inherit;font-size:10pt;">2</font><font style="font-family:inherit;font-size:10pt;">-</font></div><div style="line-height:120%;text-align:right;"><img src="a8kimage1a03.jpg" style="height:54px;width:114px;"></div></div><br><div style="line-height:140%;text-align:left;font-size:13.5pt;"><font style="font-family:Arial;font-size:13.5pt;color:#58585a;font-style:italic;font-weight:bold;">About MSA</font></div><div style="line-height:140%;text-align:left;"><hr></div><div style="line-height:140%;text-align:left;font-size:13.5pt;"><font style="font-family:Arial;font-size:13.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#58585a;font-style:italic;">Established in 1914, MSA Safety Incorporated is the global leader in the development, manufacture and supply of safety products that protect people and facility infrastructures.  Many MSA products integrate a combination of electronics, mechanical systems and advanced materials to protect users against hazardous or life-threatening situations.  The company's comprehensive line of products is used by workers around the world in a broad range of markets, including the oil, gas and petrochemical industry, the fire service, the construction industry, mining and the military.  The company&#8217;s core products include self-contained breathing apparatus, fixed gas and flame detection systems, portable gas detection instruments, industrial head protection, fire and rescue helmets, and fall protection devices.  With 2014 revenues of $1.1 billion, MSA employs approximately 5,000 people worldwide.  The company is headquartered north of Pittsburgh in Cranberry Township, Pa., and has manufacturing operations in the United States, Europe, Asia and Latin America.  With more than 40 international locations, MSA realizes approximately half of its revenue from outside North America.  For more information visit MSA&#8217;s website at www.MSAsafety.com.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:140%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#58585a;"># # #</font></div><br><div><div style="line-height:120%;text-align:left;padding-left:205px;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;color:#58585a;font-style:italic;">&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;</font><font style="font-family:Arial;font-size:10pt;">&#32;&#32;&#32;&#32;</font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>a8kimage1a03.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 a8kimage1a03.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0KV4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````*0```%8````&`&<`-``Y
M`&T`-P`X`````0`````````````````````````!``````````````!6````
M*0`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"%H````!````5@```"D`
M``$$```II```"#X`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"``I`%8#`2(``A$!`Q$!_]T`!``&_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P`.!B'-S:,0.V&][6;HF`3J[;I]%=-D?4%]6/;:S-]1];'.;7Z4;B!(
M9N]5VW<LKZHT^KU_&GBO>\_)CMO_`$EV5?4C_P`Z+L!Q]KL9A:/Y;2ZS_I5W
M?]!`.%R/+X)XN++&S/)[4#<A7IOH^>]-PGY^=3AL.TW.#=T3`Y<[;I]%JZ/,
M^H9QL2[(&;ZAIK=8&>E&[:"_;N]5VW=")]6ND^A]9\T$>S"W"OR]0Q5_X#O6
MQT/._:U'4I,M=D6,K_XLL977_P!2E2[E.3Q&%9HWDG*<8:R%>U\W_/>2Z!]6
M+^LUV7>L***W;-VW>2Z`Z`S<S][]Y:__`(WG_FP_\!_]3*Q]1BQ_2,K%#]EW
MK.)'YS0YE;&OC^LURC_S)S/_`"WL_P`QW_I=)=AY3&<&.8Y<YY3!,S[GM\)_
MQFGF_47[+AWY7V[?Z%;[-GI1.QI?MW>J[]U3I^H'JTUV_;XWM#H]&8D3_IE#
MJWU4ZAAX%V2SJ+\AM32ZRMP<R6?G_P"%LW?U59^HU5OI9/4,BQQK:/2KW.):
M`/TEKO=_UM)4<&'[Q'%/E3#BC?\`.2E7#O.XR8?^-Y_YL/\`P'_U,L3ZP?5]
M_1;*6FWUZ[FDA^W9JT^YFW=9^\U5\[J^9DYUV2VZQ@LL+F-#B-HGV-Y_-:NK
MZX!UGZJ59[1-M36W&/$?HLEO]GW._P"MI,7!RN;'F&'$89,0XXGBE+CA$^K2
M3PR222#G/__0V/J%3NZK=:>*Z2!\7.9_WT.0L_J/V?ZY/S)AM5[6//\`(#6T
M6?\`0W(]7U3ZAC']#U.BDV$-]ECF[B3M8SV@;O<?:I/^H?5'N+WY5+G.,N<2
M\DD]R=J#A#%S0P8\<<,A+'D]WBL?-^B]%UM]/3>G]0SZ]+\EC6SXNCT*O\S=
MN6)_B^O:'9F.7#<=EC&]S&]MA_\`/:';]3^MW#T+>HLL`U]-[['<?G;'!!/U
M,SL2RMSL_'Q['N#:B7N8XN/#:_:W<_\`JI,\SS)YC'ECR\A'&#Z+CJ<G%QR9
MV_4^UW6+,:K+%>^MV0'!IT:7[/3T<K'_`#$S/_+'_HN_]**/_-#ZP>IZG[2'
MJ$;0[U+-T?2V[H4O^:?UD_\`+/\`\$M_N26#EXZWR<S9)_G*_P"Z=._!=TOZ
MJ9.);=ZSF56?I#I)>3M;[B[][:DW)H^K'0,47,+WZ-<QL`FQ\VV<_N+'=]4.
MMY+1OZBRYK3I-EC@"/D?<GN^I?7+P!?G,M#=0'NL='^<U)E,LX-X^6E&4<8Q
M8R91EPAM?^.!A_\`<2S_`#FK2Z/U[#Z\W(QQ4ZO:V'L>0=S7RQWT5SW_`#`Z
ME_W(I_Z7_D%.GZD=9H<749M=3B(+F.>TQX>UJ6JW'E^(B0]S&9P_2C4(VX/[
M+N_;'[+U]3UO1GRW;?4_S/>DM_\`YD]:];U_MM?K<^KNLW>'T]NY))I_<LO^
M8G\][Q_FOW/[S__1V;/J]?Z+'XN$<.VWJ.1E&VFIK;*Z*`_[)0SV?H_7?52Z
MAG^E_2J[T?\`YUV]7Q6=0LOJQZ::2\>G++#Z.^_UK?H^I]I?L_?_`$?]M=>D
MDIX>^GJ]'4^HY?3\.\UY5U8?F.I:,M@<X,R:\)]A=ZN-Z-+/2W^RI9_I=?RB
M,@/ONZIT_%#_`$GP]U5F1D/K;^C+#^FJP:O4_P!)O]/_`(M>D+E?J3_3?K#_
M`.G*W_JG)*<K)QNL4DY^7E9;;,?IV1;CY+VBMK;B][FXUFX';^AJJ^G^DL_1
M_P#%K1N;U_-^JU^3:VU]W4+:[#BUF+&8DUM?32/;^FMH8Y]G_&HG^,/_`)/Z
M;_Z<J/\`J;EU22GB[JNJ,OJIZ#A9/3,:QM;Z:V5LJ9ZOJ>GE6]2GU/HXM#/3
MK^G:J[J_KI:TVMORZW6L%@J#&PUUN3Z=5'OK.W[/B_K%_P#VVN\224\!5G_6
MS+&1U#!?DOQK'VAH#&N:VM][*J?L53ANONIQVWV>I_-_S:DX?7&S$+FVYM!8
MRVUH>`;"7WMQL:BU^S;^@HK^U6[/\'_P=BZ3ZF_^)?IW_$C\I5SK7_(V?_X6
MN_ZAR2GF,;-ZSDY>6]V6^OIV!G"AEP('J^MET,],N^BZO&Q=U/\`U])!'_Y*
MS_Q'_HU))3__V3A"24T$(0``````50````$!````#P!!`&0`;P!B`&4`(`!0
M`&@`;P!T`&\`<P!H`&\`<````!,`00!D`&\`8@!E`"``4`!H`&\`=`!O`',`
M:`!O`'``(``V`"X`,`````$`.$))300&```````'``@``0`!`0#_[@`.061O
M8F4`9$`````!_]L`A``!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`@("`@("`@("`@(#`P,#`P,#`P,#`0$!`0$!`0$!`0$"
M`@$"`@,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P/_P``1"``I`%8#`1$``A$!`Q$!_]T`!``+_\0`R````@(#`0$`
M````````````!PD&"``%"@,!`0`!`P4!`0```````````````0,$`@4&"`D'
M"A````8!`0<!`@0/$0$``````@,$!08'`0@`$1(3%!4)%A<8(2(C&3$R0B2V
M=Z>WU^<X6&AY&D&3TR55M=66IM8W5Y=X.5D*.A$``0($!`,"!P@/"0``````
M`0(#`!$2!"$3!08Q!P@4%4%18:'A(A?P@9$R(U,8&7&QP=%"4F.3U*7E%E=G
M"?'20R24I-566/_:``P#`0`"$0,1`#\`'-#52KO.Z:MIY$Z=C.LF<QR(#?>W
M#=^QI'ES3I'![[4!6@$Y=H0#,4\CJ$^#N5PY-*QG)@;4E-2DI\9CYQM@;2>W
MYO?:FS&+K(7J=^S;EV@N927%A*W<L*17EH*ET5H"J9%:0:@\*P_`8[Q"`S>6
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M)T3CKB_%L@7<5NN06P3J)!R,*,IS\$Y'Q9`+&-V7U6TDDU\!XO3&[6\.@5W:
MVTMT;G8YI]J>T[3KFZ2SW9EYQMV5NAK,[P71F44UT*IG.DRE%,M`_C)FVN*/
MRV=!L9IJZOHJ_BB.'PZ.'3)Y=Y42UM[TL;T$?*?(R24B;FUX1C/4G+B\\2D`
M2BS=QG+;:9+@)G(1XGT^]+FN<]M.U?7QN5G2MNVEQV?-+)N7''PVAU2$,AU@
M!*$.-E2U.C%:0E*I*I8A^SU?I=_<"_'5L]V7\IYO3&Q_U='\XOU3^TX&US>"
MWV1T_:UK^])Z@]F-;3JP^P>Q+M/>_1<7=))VCNGM=<NV]R[;R>HZ91R>/CY8
M]W#FE5M2E2J^`\7IC&-Z]!?[G[-W;N[VK=H[JTRZO,KNS+S>S,./9>9W@NBN
MBFNA=,YTJE(R6&>`OU=#XI*_>O[?ZGC3%(>@]A75]#WIK2N71]5[9$W4]-U/
M!S.67Q\._A#OW846TP#7YO3%TT3^GSWQHVD:O[7,OM5JT]1W753FH2NFKO%-
M5-4ITB<IR'"))^SU?I=_<"_'5LO9?RGF],7/ZNC^<7ZI_:<*^\@6@)\T)R2N
MVTZ?^TZ-V*QO*UNE&(AF&=*^1Y>F(>F`QK]42W!O2H'5`H`HRI+YG4B!@K'*
MR(3+K1:(QF#&JW4/T]7_`"#U/;=LO</>FF:DPXI#_9^S4NLK`<:*,^XG2AQI
M876*JR*11,KTV9C72/_0L1XC(EB6:^J2R:5S4<8#.9:LQRPF<O+/`I(%K-^4
M)/+!RWY6DSQ9P'./J!!'PYVMS`FZF.&71YH_>_4'L:M$V+475PK"<LNT>H.(
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M*B<2$:?S"DU8NM=Q2)0S`2,A/PF*4H&8Y29@(,EB..,SC`Q<>1.MJS`YXI^:
M-E.16^_;/H?//-N<RS>W%>V]O,S";%RS8M[;#&D*0VI9D""I2C(F9-4O!TK:
M7[21?E2E28+%/,V],U:]O(-$3)XTTRFLX!&FF3!09-2JRPE/+$M`6/`@9"H2
M"#D0!;L[-VV+:DSQG]R/)>A)ZTU#D_S!V>C5!;Z_WS<J6@&3[+;]E:,-OT32
MH2<:="3,26V02#*-7\RC</\`V)65_IY*/P_['9E?.GW>_$3Z#N\O_1^I_P"C
M?_Y:*ZZK?%-?U)4/8=I-&LB66RW0V/KWB70M^;)1#2G&'D$##(!)59MFS1$Y
MGD-XQC&B4$$EJ20C#@S(^$L="V%)259DY1YOS:Z2N86QM@;CW79\Z;O5[:RM
MUN7%LZA^V"[<#Y:E1O;E*R$$DM+2D+2%`**I)48_!K&)6.*W=J.LF8R=5$V5
M(GKB)9DLB>5;"V-S(E3RR?.Q:-R5'(2B$"8MI)*4%!QR@%J2\9QCB#M5;`R4
MLG#A&:=!^E:LK2=]<R]S:U=+TAA`L[?.><4TA#21<7;@2M12`A(MTI6D>J`Z
MF?$0CB[]6EP6E=UD6JTV38<=2RN>/DDCK4VS&0MQ$>9C',T<::TB=&X$D)^S
M-!2<D.0!QOR5Q?1SG:.I:E**@3QC1'?7-[>6Z]];FW;:;FU&V:N]0=>9;1<O
M(#+962RA(2L`9;80D2`^+/C'0;KB3D:X?%'`=13402NF,&98Q:CAE$6`TTIP
M9@GP>YF@HTL..2W-:L:Y:;CA#Q!:2\Y"'.-V)3GRC`7X>/WXZ)\]FV^>W23M
M[F1:-I<UJP88OUT@$A;<[74FP1P0A1==5@)BW3,".4K:#')2/__19%X&(EAV
MU4V-+3B@F)XC2;NG3CS@/$0[R27Q!*E-!OWBQQ-2!>#.['U?T?W,P;8>N3Y(
MY!]`&CB[YL;EU=:`6[/0W`#XG'KBW2D_FT.CW^/C@U]:BQUKYDI!=1C@)*U0
M>\(K$Y"HP;DH!$-98TPU=-2<9^MP`#F-E+L9P+XF1YSD618SD644N5P5>7T1
M8>8',E6V.M/4=\*N2FTL-=8MWC.4K9MAJQN1X`/D0[QPGB29DGH!UKN\/TM:
M?-7^HJ/8PAL*WXK&HV:X@,+YBV4"CY%6012C#@.!G',*1W$M%CB%C)2<6=V,
M!%G,IPA"'%CB?[(Z&<\;S1N5'+KG)S(TX9>XM9M&62N8FI_)%C:J3X26DN%P
MXD4H)E(&:MO_`#\SQ`2MU*5FL<TQ3DN(KF:QYH,4X"J6)F\4M998N3)3%'RI
M2(:YG`8,HK>'G!Y@MV2\88M3\<1JG_3OU^W0_P`S=KOW21<N)L[EELJ]924=
MH:N%)23B$U6X44IPJ%1^*(&,F\04H7ZOY;546O\`0Q?O]=2"]VUX2PUR`)L8
MG>S5,92PTTA#*4(CST@30&"4@&64/@W8)#\&<(6/E"D+\$_/&+:IT;ZK<<Y-
M8VEI7,)NT[1IKVJH<3;+%#3E\IA-L0A],RF8)6"$F4J!!9^8HN'\\G^Q<H_"
M#M5V97SD9?\`0(WE_&K_`&S_`.EQ>B=T6X:3_%1>50S&QRIZX,56VL5F7K$R
MAG+7JYHY.AC$T$)W-V=C^>-8])T1`.?G)QXP@`'>(.,N%-#*DDSP,>\Z_L*X
MY1])>_-G:UN4:A<,:3?CM"DEL+5<K66FP%N.&=3B&D"KUE$!(Q`C$%F07Q/Z
M!:*3SB-.K^^#[$SN\79U*%"^.5C3A([SF:#&<X9W90QY7A6GYHP_%))3E;@Y
M$`."88:3,8P6^Z-!Z1^GS8+>NZ6[<7YRFW&&RE#J[RZ2Y=7)FO\`!95F(J(P
M2EM&$TB*P_M`%/?F_65_6:+_`,'M1VI/XACRSZPW9O\`#O4_S['WHNQI"UY5
M!Y$FVXJV*@+Y%2VF+)D,AC4J<6UQ]5Q&:D/+"]"1B;,8"%,B"`*=5@>[/U\5
MP[]XMSC;J7:A*/<>3G/_`&=U(6V\]LHV\_:)9M$I>9?6A>?;W(<:=IH_!3((
M7/YU$IXRY,O=?EOO>^Z5]<^I/;5[*.X]+G?V_P!2=L]6\C^3?3_\:\7TO2_&
M^AM"H.9E^&<<B/97K'MC]D'K=Y]^=@KI_`SJ.T2_$R?EY\,O'A'_TF:Q?Q1:
M@ZP4X,A6N>AZ\62AQ8XT$<7MN;1)3(G=U<BVV-L&!-+>WFN[BY/#@!.A2_*&
MG*3\`*#D8\8S"%NX."P/ACE9HW0YSOVXM]S;W-.PL''0`LV]Q?L%83,@*+3*
M2H`DD`SE,RC<.G@=U1OCFX/3W>U0/#P[+5+BZNSHX6(X.;FX+3AJ%B]P7JXJ
M<J6+5:@P0S33!B&8,61"SG.<YV.S+.)4)Q;+OH#YK7]U<7U]O[1GKUY:EN..
M+O%K6M1)4M:U,%2E*))4I1)))),XD\F\0&M::$%P.8ZRH/+$Q):=U)ADFLBV
M7X@HI'@:=(Y%QUT:%18"TN#!`+.P3C`.+(0YQOW;*;=TX%S#WXONJ=%7/S6[
M).FZUS@M;S3DJ!#3]UJ+K8*1))"'&E)!2"0#*8!P@8K/#5>%.OT/<W#5OIYJ
MR3R"0I8]`'!9.Y=!WY[E:\02$3'#U9S(UN#E(5@CL`*3(A#4F9'C`0YW[(+9
MP8A0G%FT_H(YMZ5=LZAI?,/2+:_:,T.-.7K;B#XTK0P%)/E!$&T?B+U_%OY,
M@,UILP)0H;!L!#V.SKI"_GLQ:C+H8RDN0FK#B8V`5!RHRF"/)6#,<S(=_P`.
MRY#O',Q^R8R/Z'/43V[O3VV-=Y965G=MU/-RJJ\O,RZ\NOUJ)TU>M*>,;GYJ
M'R/_`)\WW6[W_H_9<A[YSSF)?T2.I?\`CS^L-5_N1"'/Q"ZU[.1ILO&LZ$6&
MWLKK@]'W.R[9EB-I>T@2C<')NJ:7`A`ZI@C`+B#P'`QD.?@WXV0V[IXN?;BU
MZIT6<_=;0PWK7.&UNVVEA:`_=ZBZ$+'!:0XTH)4/`H2(\<>TP\+NM^PR$26?
MZK(=.4K:<:H;DTPFEN28A`>>`)9QZ(EZ85I:4XXL&`B$7@(A!QC&<[L;!MW3
MQ7/X89UGHDYZ[C;89W#S:LK]II1*$W%SJ#X02)$I#K2@DD8$B1(B!?,$ZD/\
MY:1_?)Y_=':GLJ_QA&/_`%?',O\`[KH7PW7Z/$JB/A#UCU^X*'>!:EZ[A#JK
M1#;E3G$9-:<;<%+>8>G4F(%"UFCB)2<B,4I2C!%"%D&1E@%G&\.,X46[@X+`
M^&+MH_0OSIV[<N7FW^9^FV-VM!0I=N_?,K4@D**"IME*BDJ2DE),II!E,"/;
MYDO6?ZO]H/O.P'U]S^J];^JK6]7]3T?;NH]2^GN\\_M_R''SN+D_$W\/P;'9
MW)SK$_?BOZ#?.SOG]XO:EI_[P55=JS[_`+1531/.R<R='JSJG3ZO#"/_TV4R
M'Q[3H,2C+S4.F1TT_P`RG7D<U2:G%,XJ2DHC&;/JK3AIP8)LHT_5,P&>DU`(
M@AM*4P6.K(LUB2&(12!80Z%(C<\P0TAR?C/@BSND$7E7ENK:A&?4?-KV@=5U
M_3M%KI&B%6!#A!;4<S]-:.06NELR=#2(61LFA]VR0UM4"$:I=4YS,62G1$@&
M<NV,80TR,N,!.;1#5U`-2^LBW]-VFV_E<6O"X:T0R344_:>H&@UH5PSRJ:MT
M=NN&Z89#*WAR<)Q1V*ZKAM.8E#FD2-<?5.)!N"@B3'J3R#"0F8J(*,Z]K<5H
M+'32&^;`UB:4=*B*8>@Y07'+`E%'V5J?UE3"*MJ8V'K84X*#K'@.E2`%O624
MZ4AU$Y(4*H`,X3FH#B%P]XP:K+K36)#3%>H>Y+[U=LTEJ+QK:J;$I^[I;&F:
MNX[$+P?+!G+TUTQ+BWUO<%S(XKZZ@+&`&'$].\O8ST`\EDY),0!(,.`\<70F
M+;KYOGQ<VE:LO;;3D5@:J[4K2Q'"A:]<#&:RZYT6J'^`-;]65=-P#VCE6).:
MM85KH\HRC4PU(I`J3A+`>'DB(3"<"^7QK4\T3F"0?QZ:8]2^BJH9:P53+ZTA
MT0J*L*HK_P!L!ETJH?>LXUK*W($K5HFQHH6KFPQG:`'9<GPMP(,'@1RG.`$&
M$L3,P)US#YH)4B<IB@MC5[#G29P='8+?7R2"Q@EIADMMG6<9#('4R<]_@:]P
M;4=-T*E4RZ4J%9YJDM">D0&F828$'!C"^K$9C-^>6&XR;?U(Z?9-J=DE12F9
M7,D9TZ:N89(8W'JKFVJ:(06LB],L&=V\EVM"Q:VIUJE#VJ=SE)K(F"8A2#$$
MY.JZDQ@DG`'C&U6H_,7(*E5.+7-]:E;*&*%W18[,W2AJC;M8BMYGVJR/TM1]
M73Z08B*9H6BJJJ8DKG;XI;R4V!M"DP_C)0KPY"8P>K/P0::TN?61:EJZA'MU
MU#S.):6=*VNQFI*,600\MJ,%TXNG7]1C"KA2]]X1-+K$*4H?K8X6LY@3\+95
M@>!9Y`B,$)@`,,2(_]3OXV((S8@C-B"$#>$G_&/S"_K+;M^RF4[(/#%:N"?L
M1]_]"_Y/>B?]9=IN^PBZM@P(XG[$/XV6*(S8@C-B"%H^''_C!T7?::;/YW>-
MD'"*E?&,67UH_D=:L?\`;1>WWK95LL(.(CGA2_\`RQ.7VCB_O_H-D\$5_P")
%[O%'_]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
