-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MYLV3U3tUOepmRWBADV3PbteGLuH3hRI44b5HiKeEv6bT9KQ9pb1aop1Tfh/oFj9
 kZS+mgJwBDRREEEJcaAQpg==

<SEC-DOCUMENT>0000950152-08-000780.txt : 20080205
<SEC-HEADER>0000950152-08-000780.hdr.sgml : 20080205
<ACCEPTANCE-DATETIME>20080205163852
ACCESSION NUMBER:		0000950152-08-000780
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20080204
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080205
DATE AS OF CHANGE:		20080205

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			THOR INDUSTRIES INC
		CENTRAL INDEX KEY:			0000730263
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR HOMES [3716]
		IRS NUMBER:				930768752
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09235
		FILM NUMBER:		08577301

	BUSINESS ADDRESS:	
		STREET 1:		419 W PIKE ST
		CITY:			JACKSON CENTER
		STATE:			OH
		ZIP:			45334
		BUSINESS PHONE:		9375966849

	MAIL ADDRESS:	
		STREET 1:		419 W PIKE STREET
		CITY:			JACKSON CENTER
		STATE:			OH
		ZIP:			45334
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>l29946ae8vk.htm
<DESCRIPTION>THOR INDUSTRIES, INC.   8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Thor Industries, Inc.   8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>








<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM
8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15 (d)&nbsp;of the<BR>
Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>
Date of Report (Date of Earliest Event Reported): February&nbsp;4, 2008</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Thor Industries, Inc.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">
(Exact Name of Registrant as Specified in Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B><BR>
(State or Other Jurisdiction of <BR>
Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>1-9235</B><BR>
(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>93-0768752</B><BR>
(IRS Employer Identification<BR>
No.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>419 West Pike Street, <BR>
Jackson Center, Ohio</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>45334-0629</B><BR>
(Zip Code)</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT style="white-space: nowrap">(Address of Principal Executive Offices)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
Registrant&#146;s telephone number, including area code: <B>(937)&nbsp;596-6849</B></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>N/A</B><BR>

(Former Name or Former Address, if Changed Since Last Report)</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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:</DIV>

<DIV align="left" style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
</TD>
</TR>
</TABLE>
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>











<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">








<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;2.02</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Results of Operations and Financial Condition.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On February&nbsp;4, 2008, Thor Industries, Inc. (the &#147;Company&#148;) issued a press release announcing
certain preliminary financial results and other information for the quarter and six months ended
January&nbsp;31, 2008. A copy of the Company&#146;s press release is attached hereto as Exhibit&nbsp;99.1 and is
incorporated by reference herein.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In accordance with general instruction B.2 to Form 8-K, the information set forth in Item&nbsp;2.02
of this Form 8-K (including Exhibit&nbsp;99.1) shall be deemed &#147;furnished&#148; and not &#147;filed&#148; with the
Securities and Exchange Commission for the purposes of Section&nbsp;18 of the Securities Exchange Act of
1934, as amended, and shall not be incorporated by reference into any filing thereunder or under
the Securities Act of 1933, as amended.
</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;9.01</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Financial Statements and Exhibits.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<I>Exhibits</I>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Copy of press release, dated February&nbsp;4, 2008, issued by the
Company</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left"><B>Thor Industries, Inc.</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: February&nbsp;5, 2008
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Walter Bennett</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Name:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Walter Bennett</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Copy of press release, dated February&nbsp;4, 2008, issued by the Company</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>l29946aexv99w1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>Ex-99.1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><b>Exhibit&nbsp;99.1</b>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="l29946al2994600.gif" alt="(THOR INDUSTRIES, INC)">
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><FONT style="font-variant: SMALL-CAPS">419 WEST PIKE STREET <B>&#149;</B> P.O. BOX 629 <B>&#149;</B> JACKSON CENTER, OHIO 45334-0629</FONT><BR>
<FONT style="font-variant: SMALL-CAPS">PHONE 937-596-6849 <B>&#149;</B> FAX 937-596-6539</FONT><BR>
<U><B>N E W S R E L E A S E</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Date: February&nbsp;4, 2008
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Contact: Wade F. B. Thompson or Peter B. Orthwein
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>THOR ANNOUNCES PRELIMINARY SALES FOR QUARTER, SIX MONTHS; </B></U><BR>
<U><B>BUYS BACK 374,239 SHARES; BACKLOG</B></U><B>.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Thor Industries (NYSE:THO) announced today preliminary sales for the quarter and six months ended
January&nbsp;31, 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sales in the quarter were $598&nbsp;million, up 2% from $584&nbsp;million last year. RV sales were $504
million, up 3% from $491&nbsp;million last year. Bus sales were $94&nbsp;million, up from $93&nbsp;million last
year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sales in the 6&nbsp;months were $1.36&nbsp;billion, up 4% from $1.31&nbsp;billion last year. RV sales were $1.17
billion, up 4% from $1.13&nbsp;billion last year. Bus sales were a record $193&nbsp;million, up 4% from $185
million last year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Thor also announced that it purchased 374,239 of its shares in the quarter at an average price of
$31.54 per share.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Backlog on January&nbsp;31, 2008 was $568&nbsp;million, up 4% from $545&nbsp;million last year. RV backlog was
$318&nbsp;million, down 6% from $338&nbsp;million last year. Bus backlog was $249&nbsp;million, up 20% from $207
million last year. Cash on January&nbsp;31, 2008 was $229&nbsp;million versus $210&nbsp;million last year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Thor is the world&#146;s largest manufacturer of recreation vehicles and a major builder of commercial
buses.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This release includes certain statements that are &#147;forward looking&#148; statements within the meaning
of Section&nbsp;27A of the Securities Act of 1933, as amended, and Section&nbsp;21E of the Securities
Exchange Act of 1934 as amended. These forward looking statements involve uncertainties and risks.
There can be no assurance that actual results will not differ from&nbsp;our&nbsp;expectations. Factors which
could cause materially different results include, among others, additional issues that may arise in
connection with the findings of the completed investigation&nbsp;of the Audit Committee of the Board of
Directors of Thor Industries, Inc.&nbsp;( the &#147;Company&#148;) and the SEC&#146;s requests for additional
information, fuel prices, fuel availability, interest rate increases, increased material costs, the
success of new product introductions, the pace of acquisitions, cost structure improvements,
competition and general economic conditions and the other risks and uncertainties discussed more
fully in Item&nbsp;1A of&nbsp;&nbsp;the Company&#146;s Annual Report on Form 10-K for the year ended July&nbsp;31,
2007.&nbsp;&nbsp;The Company disclaims any obligation or undertaking to disseminate any updates or revisions
to any change in expectation of the Company after the date hereof or any change in events,
conditions or circumstances on which any statement is based except as required by law.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>l29946al2994600.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 l29946al2994600.gif
M1TE&.#EAK``C`.8``(V-C9&1D?+R\FEI:=_?WVYN;NKJZC$Q,7%Q<>CHZ'5U
M=<#`P-+2TJ*BHM#0T.+BXE555:^OKV1D9$%!0<3$Q,+"PDQ,3+R\O&QL;%Q<
M7&%A845%12`@(-34U"XN+O#P\"DI*1D9&=;6UN;FYI24E)^?G^#@X(&!@:6E
MI1X>'F9F9C8V-EE968*"@KBXN+:VMIB8F#HZ.@0$!#\_/\?'Q[&QL9Z>GB4E
M)7EY>9:6EGQ\?%I:6@T-#;JZNE!04+.SLQ45%0@(")R<G'IZ>JBHJ(B(B"PL
M+%Y>7B8F)E-34TY.3AL;&SP\/"(B(A`0$$E)2;^_O_O[^\O+R\G)R4I*2OKZ
M^GY^?DM+2\K*RG]_?^WM[;Z^ODA(2(N+BZJJJJVMK:NKJ^[N[OGY^9J:FO?W
M]ZRLK+6UM>7EY8J*BNSL[(6%A=K:VLC(R/;V]N_O[_7U]82$A,S,S-C8V-W=
MW<[.SK2TM,W-S=G9V9N;F_3T]-O;V_S\_/[^_OW]_?___P```"'Y!```````
M+`````"L`",```?_@'Y^?'M]`EA36'98B(E3CH]3BU-2E5)8EVR4%'1[50^2
MB):7E9I2B:8/A7UKEW&GL%-LC9&46&%]@H)\?7M1A;QZ*%8X!<;'!3I9/V=]
M?;^$A;I^`@NFM)2RHJ3<4G93!GR\?>-\@]/HTX1M27_N[_#Q\O/O&E56]/GN
M!<Y]*_KY4)#3U8M!`P1<0`",Y^2`CRQF5.72Y6*AQ7=!;AS@@J$+A2H3T^T2
MY\9'OB`I],EH(B/?`!(S/(2PZ,3(#!)[<F*(`<*)10XK9EQ8U4</B2-`\JT,
M&N-&D'Q()#3XT$_*#"9-GEH$<N-B$`M30Z(C%&9#/!D')*!XXTQ"/BN$_^;`
MT&"D)3P%6IS%Z4IOR8MQ>PCU<T;"[KPK#WKUBB+FP1`>^3P,D$*N7TX:$OC.
M"S%&0)0JA?:,\)!O22=QO?:$J8/@@.%Y&\B('"1@`CP9!7#E#.V6GA5GJ/L\
M./(ZPVX,^23L$>-L-_!Q'/)]`9:ZQNMX(2BLRMDO6LX2U^%Y$/$K2I\J1?)=
M\66YN2\*D*7/[N.@`)>D&0P$3J<B7Y:Q@LS!PA]+^*!#&X(4D)QB@S7(!VGT
M?'&.'U7`H,\!`NQWCCGI],&&3_2$D.%$`*C7X#.]5!%%!/'-$\0<\S&V1QXC
MD.$)A]/T-L]_(NU!QAEOJ%A%@OD<8,612":)Y/],$4[#`).;S:'8;-/X@H,^
M$$CC1XGT3+"&''+<L88>'5QP4`SZ>%##'K.)LV%E(O5'#X_IB!,<API>I.<[
M$NH2@#XL`$.E.GR4$=X['C@C")<N+A'"HR$LD11`!Q0QAYN#9BJ(G#MJBDZ>
M\SCAP:BDEDJJ5O-$,`T^^:@0!8Z>?G&AAEWL2<]7`Z#1C(:>9LJI/'3V"JH\
M$MAI[+$/RJ<+"A>"A.F@O.B@CPXA,2H/$W'$@8)"%S+`G7F]:OIK/,%Z.FP\
M$G@*8:K3I/&$/B>8!^ML>RP`XCP3P&IM/!8,LL<;+AR@$A-U/#-OK\96IB.P
MO!A;)SF\($=/L<@BJYG_/&`8&P4!)M$C0PM:E,-APFV,`:4\&"0`C#BUTO.$
M8/V@,,.A[X`E0&7/9FI9(7<PD8\/)NSF2X>KI$%%D=X&MEAEY]%`\Q\8Z`?:
M+V[HD!(],>2P0!@Y!?>!%$)T/,\!#<CVS&=IB"U/"AU4@5HA!L#`;3X6E"#'
M+UIF^F\#.$``PM/NH)6$#@T,B4X%*NQP`^!_R&!$!AGTX,L>*&0`P<FWKL#"
M`!VPUP8<Z\XC`P@[L&"Z!ZC*$T0,1'#GAPFE;]!B/B"8CH/;*<)Q;SY`^+`#
M"NI`?.P>!H2NIP>!V4E.%K;N$]H_S:.0O)U:-#`!$(R[V,0`%+`E/!\O-.].
M_\/C5$$"YO3T2]#WRHN!!13PQR___/%OP0;[?!!`__[TW]U+'/P+(/S.((;A
M@48,9Z#!%O"@ABRT9@43F,`*5)"%%N3@!PN0@Q;,\QQC&>`"6Q#@_H9R+&>D
M(80"W((#U$&')[CPA3"D`@Q=*$,9SM"&3\`A#7&HPQ=2H8<Y="$7;AC$&`+Q
M"4-\X16N($0J#%&&7+C"#ZD@12;FD`M)I&(17_C$&&[1AT)$(@R[:$,@UA`.
MZC"#^-;(QC:Z\8UP!(CZ=J'&.-KQCGC,XQOGZ(<^+(`#@.1`"E(`R$$&\I"(
M3.0@%VE(0A(RD9`LI"`+:<A(6K*1E90D)3/YR$M2<O^2C^RD)1'IR$4>4I2D
M3$&Z=`$8Q1!%:%'`&]Y2X\I5X$UHW,DE+9^1D_+@LCVY[.5N8JE+8`JSEZG1
M93"%>4ONU#*9DY,E>YQ)E&3Z<G+4[&44@@><:5C&'+Q8!8XZ.!AOAC,7XX`8
M003CG(&,Y'O=W$4O$L8K/IA'4(+`F9WPR<I7NG-0#,(18*IYL&H^1QUB,$,$
MQ.#-.7B!`N"T`Q@2\,^$>N&B7S"!HEC9!Q>8@4U^&,$7*/!/7JRA!&B`@0CB
MZ0<QU.`+8/!"3,%P!X$2(*87!0,4"CB-*,BA#%,0:!\N,%,P@.$'`D!''\@0
M`0``X`)M.%@Z!`"&*>2-#W3_*`,!"K&B",@&'7N80P.Z,(:@U2D-[M!"E=#P
MAR"D@1=NV<(_PS`[&0!`++RX`0\X5(8_)$J@7GB-#G@J"`/,XS>L'(,\)F"X
M0?2!>5<0ZL7^P`,I<%0`<_O#`0SP3Y%(X0]7V.@@=O`'+N1A1NYX`"MY\5EX
MX(%7@]!"6M71LD#UH3]0^*<6>!""$"I(!AU0AQ_TJHN^>@!6?0""$]9T@2#P
MH`(AJ<(60NA7*&QA#=O<!1[^P`(0-N`IEB4(9`4ZW#\4(833=0-'2_`'!+QA
M!$CX@QHZFX[/AA8=&7!'#?K0!G><@:,&>(H..B"$IRP`K[+]0QIH^PX:]"&N
M_W0#_P^00(@H#.`/$!`N<04AJT1-0[8QL%$4ND"%`Z^6$'^802\%NEUJO0H?
M+O#F>%GIA_C601Q=ZR<^/KH'$3QA#-FETF<M,*_\_N$&=WB#?SG*+`6D1@U_
M:`&"9\O*6JV`!QXP`&XCS(,;]'$/=?C#!#3,@^+Z%59BF,D!%&"#-:A(++M(
M<<X&H=@CR,(%')`!C,0+6O+&5P)HZ`(:7##./0CA#QS(0`"@0`:6>A:T<,XO
M"W`C@"7O8@]'^`-)^XC`#*DCP6JM\A\L4"(80!A'=/5R+RZ08C*;^;C>M,'<
M4J"#,!R,#W*>%Q\4*P,>\"`(=A7+8_M,X\D6BR![2$`2M/\2!"4X@+[H&'*D
M_^"%#0`!"Y;VEP7^0(!<)'/*?PB#-]EJ@3UPP`CMR"V.).QE\T3@#QM0QQZ0
M$`0.=1BO,Z)`%J[P%!@<K`^Y5JJ%FB#%)H@9N3/>17DEX-1%C_.>:QA#!F9R
MA%<-RK[3_L(+>-"Q_^IB#Q#X0P?0&4OF?-H=XA:U!:K0`+NH6Q>I[F,5%*0`
M;\X[".CTPA^,P"L!;,%;L3S!'^!2IX"K0[$XR`D%V@K2?#*/R,7^@QGL!*Y\
M[H$!6[A9%-S@UW!<?-33+L,>0.5Q?Y%`ON;HP]GAT/0^@GK<8(_"MO]P`;'0
M=0F5D(`,@C`"FYL$`080P3^R-`W_`00A!%+P17X!\&^C$\1""LC)%*@LB"C@
M([+KBV\`LL6(-"B*%VSM0BR73H4J,$`%)("VM,62WR]L[!UE)\0=9""#$AC`
M!4^A`9@!@`L^H/4/!F!P:/<PA9G(%4>[A4<(&M!V9U`@ON\`@0,LGD\<[!T)
M,XF!'G2]AQ3#=A#;Q8$S&.".->B8V".9[!_&\/D]K&$),DA!5Y:[!S5:`-J3
M'SXK\ROV/BCV#ZHE3WL0`(8A`U8`$F:!!>1`!@"@!@A"$%-P`JW3"UYP`EN%
M(VT``"UP`FH``%)0=?G4"W2``#[@`R>P4M0G<PUP!!,``2<P!]_'"U9@`_35
M!W20!0M0<@AMT`4M(`?]1`$MD#$<!0,;J`9&J`8,,!#AQ`#V004#<`&@80(8
M0`709@!PT'^L9`9P("5[(`!P4`1))4^]0`09P`4#$`'.0@(JT&WATH9N^(9P
A&(=P2`8J@`:B)8=XF(=ZN(=\F(=2H`"_`&=]F"F!```[
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
