<SEC-DOCUMENT>0000866706-15-000010.txt : 20151008
<SEC-HEADER>0000866706-15-000010.hdr.sgml : 20151008
<ACCEPTANCE-DATETIME>20151008161629
ACCESSION NUMBER:		0000866706-15-000010
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20151008
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20151008
DATE AS OF CHANGE:		20151008

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ESCO TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0000866706
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMUNICATIONS EQUIPMENT, NEC [3669]
		IRS NUMBER:				431554045
		STATE OF INCORPORATION:			MO
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10596
		FILM NUMBER:		151150983

	BUSINESS ADDRESS:	
		STREET 1:		9900 A CLAYTON RD
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63124
		BUSINESS PHONE:		3142137200

	MAIL ADDRESS:	
		STREET 1:		9900 A CLAYTON RD
		CITY:			ST LOUIS
		STATE:			MO
		ZIP:			63124

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ESCO ELECTRONICS CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>esco8k8oct2015.htm
<DESCRIPTION>8-K ESCO TECHNOLOGIES
<TEXT>
<html>
<head>
    <title>Unassociated Document</title>
    <!--Licensed to: ESCO Technologies-->
    <!--Document Created using EDGARizer 2020 5.5.2.0-->
    <!--Copyright 1995 - 2015 Summit Financial Printing. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">
<br>
<br>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">UNITED STATES</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">SECURITIES AND EXCHANGE COMMISSION</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">WASHINGTON, D.C. 20549</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">-----------------------------------------</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">FORM 8-K</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">CURRENT REPORT</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">PURSUANT TO SECTION 13 OR 15(d) OF THE</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">SECURITIES EXCHANGE ACT OF 1934</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Date of Report (Date of earliest event reported):&#160;&#160;October 8, 2015</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">ESCO TECHNOLOGIES INC.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">(Exact Name of Registrant as Specified in Charter)</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="23%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Missouri</font></div>
</td>
<td valign="top" width="24%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">1-10596</font></div>
</td>
<td valign="top" width="22%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">43-1554045</font></div>
</td>
</tr><tr>
<td valign="top" width="23%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">(State or Other</font></div>
</td>
<td valign="top" width="24%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">(Commission</font></div>
</td>
<td valign="top" width="22%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">(I.R.S. Employer</font></div>
</td>
</tr><tr>
<td valign="top" width="23%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Jurisdiction of Incorporation)</font></div>
</td>
<td valign="top" width="24%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">File Number)</font></div>
</td>
<td valign="top" width="22%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Identification No.)</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="36%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">9900A Clayton Road, St. Louis, Missouri</font></div>
</td>
<td valign="top" width="32%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">63124-1186</font></div>
</td>
</tr><tr>
<td valign="top" width="36%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">(Address of Principal Executive Offices)</font></div>
</td>
<td valign="top" width="32%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">(Zip Code)</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Registrant&#8217;s telephone number, including area code:&#160;&#160;&#160;314-213-7200</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">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="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 27pt">
<div style="MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">[&#160;&#160;]</font></div>
</td>
<td>
<div align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 27pt">
<div style="MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">[&#160;&#160;]</font></div>
</td>
<td>
<div align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 27pt">
<div style="MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">[&#160;&#160;]</font></div>
</td>
<td>
<div align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act (17 CFR 240.14d-2 (b))</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 27pt">
<div style="MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">[&#160;&#160;]</font></div>
</td>
<td>
<div align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.113d-4 (c))</font></div>
</td>
</tr></table>
</div>

<br>
<div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>
</div>
</div>

<br>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline"><font style="TEXT-DECORATION: underline; DISPLAY: inline">Item 2.02</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="TEXT-DECORATION: underline; DISPLAY: inline">Results of Operations and Financial Condition</font></font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Today, October 8, 2015, the Registrant is issuing a press release (furnished as Exhibit 99.1 to this report) announcing the approval of certain restructuring actions related to the Company&#8217;s lower margin international operations, and providing a preliminary update of its Q4 financial results compared to its August 2015 guidance.&#160;&#160;See Item 7.01, Regulation FD Disclosure, below.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline"><font style="TEXT-DECORATION: underline; DISPLAY: inline">Item 7.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="TEXT-DECORATION: underline; DISPLAY: inline">Regulation FD Disclosure</font></font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Today, October 8, 2015, the Registrant is issuing a press release (furnished as Exhibit 99.1 to this report) announcing the approval of certain restructuring actions related to the Company&#8217;s lower margin international operations, and providing a preliminary update of its Q4 financial results compared to its August 2015 guidance. The press release will also be posted on the Registrant&#8217;s web site located at <font style="TEXT-DECORATION: underline; DISPLAY: inline">http://www.escotechnologies.com</font> and can be viewed through the &#8220;Investor Relations&#8221; page of the web site under the tab &#8220;Press Releases&#8221;; however, the Registrant reserves the right to discontinue that availability at any time.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline"><font style="TEXT-DECORATION: underline; DISPLAY: inline">Item 9.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="TEXT-DECORATION: underline; DISPLAY: inline">Financial Statements and Exhibits</font></font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exhibits</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="17%" style="PADDING-BOTTOM: 2px">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"><font style="DISPLAY: inline"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;</font></font></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"><font style="DISPLAY: inline"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;</font></font></font><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"><font style="DISPLAY: inline"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;</font><font style="TEXT-DECORATION: underline">Exhibit No.</font></font></font></div>
</td>
<td align="left" valign="top" width="36%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline; DISPLAY: inline"><font style="DISPLAY: inline">Description of Exhibit</font></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="17%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;99.1</font></div>
</td>
<td align="left" valign="top" width="36%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Press Release dated October 8, 2015</font></div>
</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline"><font style="TEXT-DECORATION: underline; DISPLAY: inline">Other Matters</font></font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">The information in this report furnished pursuant to Item 2.02 and Item 7.01, including Exhibit 99.1, shall not be deemed to be &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;) or otherwise subject to the liabilities of that section, unless the Registrant incorporates it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Any references to the Registrant&#8217;s web site address included in this Form 8-K and its Exhibits are intended only as inactive textual references, and the Registrant does not intend them to be active links to its web site.&#160;&#160;Information contained on the Registrant&#8217;s web site does not constitute part of this Form 8-K or its Exhibits<font style="FONT-FAMILY: Times New Roman; DISPLAY: inline">.</font></font></div>

<br>
<br>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline"><font style="TEXT-DECORATION: underline; DISPLAY: inline">SIGNATURE</font></font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Date:&#160;&#160;October 8, 2015<font style="FONT-FAMILY: Times New Roman; DISPLAY: inline">.</font></font></div>

<div style="MARGIN-LEFT: 234pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline"><font id="TAB1" style="MARGIN-LEFT: 21.6pt"></font>ESCO TECHNOLOGIES INC.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 234pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">By:<font style="TEXT-DECORATION: underline; DISPLAY: inline">&#160;&#160;&#160;/s/Gary E. Muenster</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 254.7pt">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>
</td>
<td>
<div align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Gary E. Muenster</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 254.7pt">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>
</td>
<td>
<div align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Executive Vice President</font></div>
</td>
</tr></table>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 254.7pt">
<div><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>
</td>
<td>
<div align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">and Chief Financial Officer</font></div>
</td>
</tr></table>
</div>

<br>
<div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>
</div>
</div>

<br>
<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline"><font style="TEXT-DECORATION: underline; DISPLAY: inline">EXHIBIT INDEX</font></font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 36pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline"><font style="TEXT-DECORATION: underline; DISPLAY: inline">Exhibit No.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="TEXT-DECORATION: underline; DISPLAY: inline">Exhibit</font></font></div>

<div style="MARGIN-LEFT: 36pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">99.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Press Release dated October 8, 2015</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<br>
<br>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><br>
&#160;</div>

<br>
<br>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>escopressrelease8oct2015.htm
<DESCRIPTION>ESCO PRESS RELEASE
<TEXT>
<html>
<head>
    <title>escopressrelease8oct2015.htm</title>
    <!--Licensed to: ESCO Technologies-->
    <!--Document Created using EDGARizer 2020 5.5.2.0-->
    <!--Copyright 1995 - 2015 Summit Financial Printing. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">
<div><br>
EXHIBIT 99.1</div>

<div>&#160;</div>

<div><br>
&#160;</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt">
<div style="MARGIN-LEFT: 9pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">NEWS FROM<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font></font></div>

<div style="MARGIN-LEFT: 9pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-WEIGHT: bold; DISPLAY: inline">&#160;</font></div>

<div style="MARGIN-LEFT: 9pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-WEIGHT: bold; DISPLAY: inline"><font size="6"><font style="LETTER-SPACING: 9pt"><font style="LETTER-SPACING: 9pt"><font style="LETTER-SPACING: 9pt"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><img src="escologo.jpg" alt="ESCO Logo">&#160;<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;&#160;&#160;&#160;</font></font></font></div>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="right"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font><font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">For more information contact:</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">Kate Lowrey</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">Director, Investor Relations</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">ESCO Technologies Inc.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">(314) 213-7277</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline"><font style="TEXT-DECORATION: underline; DISPLAY: inline">ESCO ANNOUNCES RESTRUCTURING ACTIONS AND</font></font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline"><font style="TEXT-DECORATION: underline; DISPLAY: inline">PROVIDES PRELIMINARY FOURTH QUARTER 2015 UPDATE</font></font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">&#160;</font><br>
&#160;</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">ST. LOUIS, October 8, 2015 &#8211; ESCO Technologies Inc. (NYSE: ESE) (ESCO or the &#8220;Company&#8221;) today announced that its Board of Directors approved certain restructuring actions related to the Company&#8217;s lower margin international operations, primarily in its RF Shielding &amp; Test business (Test).</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">These actions are intended to significantly enhance the Company&#8217;s ability to achieve its stated financial goals by implementing specific and sustainable measures designed to increase the Company&#8217;s operating results in 2016 and beyond.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Management expects these actions will increase its operational efficiency, improve operating margins and profitability, and increase its return on invested capital (ROIC).</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">In addition to the restructuring activities described below, the Company provided a preliminary update of its Q4 2015 financial results compared to its August 2015 guidance.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">During Q4 2015, the Test business identified approximately $5.6 million, or $0.14 per share, of non-cash charges primarily related to the write-down of certain domestic inventories. Filtration, USG/Doble and Corporate Q4 2015 performance is expected to be at or above previous expectations.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">The Company intends to exclude the defined restructuring charges when discussing non-GAAP financial metrics (primarily EPS).</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Consistent with past practice, 2016 earnings guidance and operating results will be presented on a non-GAAP basis reflecting EPS &#8211; As Adjusted to exclude the 2016 restructuring charges. The non-GAAP amounts will be reconciled to their respective GAAP equivalents.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Management believes EPS &#8211; As Adjusted is more representative of the Company&#8217;s ongoing performance and allows shareholders better visibility into the Company&#8217;s underlying operations.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Management will announce its 2015 operating results and provide its 2016 sales and EPS guidance as part of its November 12, 2015 earnings release and conference call.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline"><font style="TEXT-DECORATION: underline; DISPLAY: inline">Restructuring Actions &#8211; 2016</font></font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">The 2016 restructuring actions include:</font></div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 72pt">
<div><font style="FONT-SIZE: 10pt; DISPLAY: inline" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td>
<div style="MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Closing the Test business operating facilities located in Taufkirchen, Germany and Stevenage, England and consolidating their operations into other existing Test facilities;</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 72pt">
<div><font style="FONT-SIZE: 10pt; DISPLAY: inline" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td>
<div style="MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Eliminating certain underperforming product line offerings in Test, primarily related to lower margin international shielding end-markets;</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 72pt">
<div><font style="FONT-SIZE: 10pt; DISPLAY: inline" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td>
<div style="MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Reducing the Test business domestic (U.S.) headcount to further streamline operations; and,</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 72pt">
<div><font style="FONT-SIZE: 10pt; DISPLAY: inline" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td>
<div style="MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Within the USG segment, closing the Doble-Brazil operating office and consolidating Doble&#8217;s South American sales and support activities into a lower cost operating structure, and rationalizing administrative costs at other operating locations.</font></div>
</td>
</tr></table>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">The costs to implement these actions in 2016 are expected to be approximately $9 million, or $0.22 per share, and are expected to be incurred throughout the first half of the year as the actions are anticipated to be substantially complete by March 31, 2016. These costs will be specifically quantified and called out separately within the quarterly earnings reports in 2016.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">During implementation, the cost savings are expected to be greater than $6 million in 2016, and when completed, annual and recurring cost savings of approximately $8 million are projected in 2017 and beyond. The cost of these restructuring activities are expected to be recovered over the next 12 to 15 months.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">The cash and non-cash expenses relate to employee severance and compensation benefits, facility exit and lease termination costs, deferred tax asset write-offs, moving costs, professional fees, and asset impairment charges related to abandoned assets.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Management believes these actions, when fully implemented, will result in the Test business EBIT margins increasing into the low-to-mid teens.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline"><font style="TEXT-DECORATION: underline; DISPLAY: inline">Management&#8217;s EPS Goals</font></font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">During the Company&#8217;s September 9, 2014 Analyst Day, Management presented a &#8220;3 Year EPS Growth Perspective&#8221; which included the following goals for FY 2017:</font></div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 72pt">
<div><font style="FONT-SIZE: 10pt; DISPLAY: inline" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td>
<div style="MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Targeted EPS growth of greater than 15 percent;</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 72pt">
<div><font style="FONT-SIZE: 10pt; DISPLAY: inline" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td>
<div style="MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">A lower cost structure;</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 72pt">
<div><font style="FONT-SIZE: 10pt; DISPLAY: inline" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td>
<div style="MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Capital allocation as a core focus; and,</font></div>
</td>
</tr></table>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 72pt">
<div><font style="FONT-SIZE: 10pt; DISPLAY: inline" face="Symbol, serif">&#183;&#160;&#160;</font></div>
</td>
<td>
<div style="MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Focus on ROIC as a priority.</font></div>
</td>
</tr></table>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">The current sales and EBIT growth outlook through 2017 for Filtration, Test and Doble, supplemented by the cost reduction actions announced today and coupled with the Company&#8217;s ongoing share repurchase program, provide significant momentum toward achieving our stated EPS goals for 2017.</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline"><font style="TEXT-DECORATION: underline; DISPLAY: inline">Share Repurchase</font></font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">During Q4 2015, the Company spent an additional $10 million to repurchase approximately 280,000 shares, bringing the total year repurchase amounts to approximately $18.2 million and 520,000 shares.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Management expects to continue to opportunistically repurchase its shares under its current authorization level.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline"><font style="TEXT-DECORATION: underline; DISPLAY: inline">Chairman&#8217;s Commentary</font></font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Vic Richey, Chairman and Chief Executive Officer, commented, &#8220;As noted in our Q3 2015 earnings release in August, additional cost reduction actions were being evaluated which would result in more favorable operating margins in Test going forward. During Q4 2015, we completed our analysis and have quantified the costs and benefits related to these actions as described here.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#8220;While the decision to close facilities, relocate operations, and shut down certain product lines is difficult, I am fully confident these are the appropriate actions based on meeting our long-term financial goals. The net result of these actions will be a more efficient, less complex, lower cost operating structure that should yield significantly higher margins compared to today.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#8220;While orders have remained quite strong which bodes well for the future, the Test business has seen its share of challenges in 2015. These include a softening of the global shielding market, economic challenges throughout Europe, increased international competition, and a slowdown of market activity at certain industrial customers. Based on these headwinds, we developed an operational contingency plan and determined that we need to be more aggressive with our cost structure to maintain our market position and to enhance our profitability in this segment.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#8220;Reducing our operational footprint allows us to realize certain efficiencies and immediately improves the way we operate around the world &#8211; and more importantly, allows us to channel more of our resources toward long-term growth. We believe that in order for us to use our geographic footprint to an even bigger advantage, we need to focus our energy and our investment dollars on fewer locations; therefore, we decided to exit a number of facilities where the required investment and market potential don&#8217;t align.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#8220;I look forward to discussing our 2015 results, our outlook for 2016 and the longer-term impact of our restructuring actions during the November earnings call.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#8220;In closing, our recent planning meetings have reinforced our earlier view of 2016 and the future as we continue to see solid, tangible growth opportunities in sales, EBIT, and EPS. Additionally, our M&amp;A pipeline remains robust and we continue to see near-term opportunities to supplement our growth. Our goal remains the same &#8211; to increase shareholder value, and I&#8217;m confident today&#8217;s actions support this goal.&#8221;</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline"><font style="TEXT-DECORATION: underline; DISPLAY: inline">Forward-Looking Statements</font></font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Statements in this press release regarding expected costs, timing and results of the restructuring actions, the Company&#8217;s expected 2015 and beyond revenue and sales growth, EBIT, EBIT margins,&#160;&#160;EPS, ROIC, the Company&#8217;s ability to increase operating margins, realize financial goals and increase shareholder value, future share repurchases, the long-term success of the Company, and any other statements which are not strictly historical are &#8220;forward-looking&#8221; statements within the meaning of the safe harbor provisions of the federal securities laws.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Investors are cautioned that such statements are only predictions and speak only as of the date of this release and the Company undertakes no duty to update them except as may be required by applicable laws or regulations. The Company&#8217;s actual results in the future may differ materially from those projected in the forward-looking statements due to risks and uncertainties that exist in the Company&#8217;s operations and business environment including, but not limited to those described in Item 1A, &#8220;Risk Factors&#8221;, of the Company&#8217;s Annual Report on Form 10-K for the fiscal year ended September 30, 2014, and the following: the ability of the Company to timely, efficiently and within budget accomplish the restructuring actions; foreign labor issues impacting the Company&#8217;s efforts; difficulties or delay in transferring customer and vendor contracts from lower margin operations to other related entities; the ability of the Company&#8217;s existing facilities to timely and efficiently assume operations from closed facilities; success of the Company&#8217;s competitors; site readiness issues with Test segment customers; weakening of economic conditions in served markets; changes in customer demands or customer insolvencies; competition; intellectual property rights; technical difficulties; unforeseen charges impacting corporate operating expenses; delivery delays or defaults by customers; the performance of the Company&#8217;s international operations; material changes in the costs and availability of certain raw materials; the appropriation and allocation of Government funds; the termination for convenience of Government and other customer contracts; the timing and content of future contract awards or customer orders; containment of engineering and development costs; performance issues with key customers, suppliers and subcontractors; labor disputes; the impacts of natural disasters on the Company&#8217;s operations and those of the Company&#8217;s customers and suppliers; changes in laws and regulations, including but not limited to changes in accounting standards and taxation requirements; costs relating to environmental matters arising from current or former facilities; financial exposure in connection with Company guarantees of certain Aclara contracts; the availability of selected acquisitions; and uncertainty regarding the ultimate resolution of current disputes, claims, litigation or arbitration.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: -9pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">ESCO, headquartered in St. Louis, provides engineered filtration products to the aviation, space and process markets worldwide and is the industry leader in RF shielding and EMC test products. In addition, the Company provides diagnostic instruments, services and the world&#8217;s premier library of statistically significant apparatus test results for the benefit of energy generation, transmission, and delivery companies and industrial power users worldwide. Further information regarding ESCO and its subsidiaries is available on the Company&#8217;s website at <font style="TEXT-DECORATION: underline; DISPLAY: inline">www.escotechnologies.com</font><font style="TEXT-DECORATION: underline; DISPLAY: inline">.</font></font></div>

<br>
<div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>
</div>
</div>

<br>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>escologo.jpg
<DESCRIPTION>ESCO LOGO
<TEXT>
begin 644 escologo.jpg
M_]C_X  02D9)1@ ! 0$!+ $L  #_X0#617AI9@  34T *@    @ !0$:  4
M   !    2@$;  4    !    4@$H  ,    !  (   $Q  (    0    6H=I
M  0    !    :@        $L     0   2P    !4&%I;G0N3D54('8U+C P
M   !DH8 !P   %    !\     %5.24-/1$4  $8 :0!L &4 ( !W '( :0!T
M '0 90!N "  8@!Y "  00!D &\ 8@!E "  4 !H &\ = !O ', : !O '
MJ  @ #4 +@ P  #_X@Q824-#7U!23T9)3$4  0$   Q(3&EN;P(0  !M;G1R
M4D="(%A96B 'S@ "  D !@ Q  !A8W-P35-&5     !)14,@<U)'0@
M            ]M8  0    #3+4A0("
M                                 !%C<')T   !4    #-D97-C   !
MA    &QW='!T   !\    !1B:W!T   "!    !1R6%E:   "&    !1G6%E:
M   "+    !1B6%E:   "0    !1D;6YD   "5    '!D;61D   "Q    (AV
M=65D   #3    (9V:65W   #U    "1L=6UI   #^    !1M96%S   $#
M "1T96-H   $,     QR5%)#   $/   " QG5%)#   $/   " QB5%)#   $
M/   " QT97AT     $-O<'ER:6=H=" H8RD@,3DY."!(97=L971T+5!A8VMA
M<F0@0V]M<&%N>0  9&5S8P         2<U)'0B!)14,V,3DV-BTR+C$
M         !)S4D="($E%0S8Q.38V+3(N,0
M                                        6%E:(        /-1  $
M   !%LQ865H@                     %A96B        !OH@  ./4   .0
M6%E:(        &*9  "WA0  &-I865H@        )*    ^$  "VSV1E<V,
M        %DE%0R!H='1P.B\O=W=W+FEE8RYC:               %DE%0R!H
M='1P.B\O=W=W+FEE8RYC:
M                      !D97-C         "Y)14,@-C$Y-C8M,BXQ($1E
M9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-21T(              "Y)14,@
M-C$Y-C8M,BXQ($1E9F%U;'0@4D="(&-O;&]U<B!S<&%C92 M('-21T(
M                        9&5S8P         L4F5F97)E;F-E(%9I97=I
M;F<@0V]N9&ET:6]N(&EN($E%0S8Q.38V+3(N,0              +%)E9F5R
M96YC92!6:65W:6YG($-O;F1I=&EO;B!I;B!)14,V,3DV-BTR+C$
M                         '9I97<      !.D_@ 47RX $,\4  /MS  $
M$PL  UR>     5A96B       $P)5@!0    5Q_G;65A<P         !
M                     H\    "<VEG(     !#4E0@8W5R=@        0
M    !0 *  \ %  9 !X (P H "T ,@ W #L 0 !% $H 3P!4 %D 7@!C &@
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M)UUX7<E>&EYL7KU?#U]A7[-@!6!78*I@_&%/8:)A]6))8IQB\&-#8Y=CZV1
M9)1DZ64]99)EYV8]9I)FZ&<]9Y-GZ6@_:)9H[&E#:9II\6I(:I]J]VM/:Z=K
M_VQ7;*]M"&U@;;EN$FYK;L1O'F]X;]%P*W"&<.!Q.G&5<?!R2W*F<P%S77.X
M=!1T<'3,=2AUA77A=CYVFW;X=U9WLW@1>&YXS'DJ>8EYYWI&>J5[!'MC>\)\
M(7R!?.%]07VA?@%^8G["?R-_A'_E@$> J($*@6N!S8(P@I*"](-7@[J$'82
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M&O#*_L>_X)%>$8/V%O\ @A'\-+Z\M3 V@?#Z;QG?QMPQ>>*74I WN/-V^V*
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MPG\5O!<W_$K\26V;BT=PTVEW:?+/:RXZ/&^1_M#:PX85^ W_  >!?\$P[/\
M9^_: T3]H+PCIRVOAWXHW#6/B2*",+%:ZRB;UFP.GVF)78^LD$C$Y>H_^#-W
M]ORZ^$G[7/B#X"ZO>.?#?Q0M)-3T>%C\MOJ]K'O;;Z>;:I(&]3!$* /Z8***
M* .*_:0^"6F_M*_L^^-OA[K&W^R_&VAWFB7+%=WEI<0O$7 ]5W9'N!7X"?\
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M$;K]DR9K?7- \*R1RZ:(?*E>.*V5 $$I:%X]H)5F9#D9( !_-I_P57_X)_\
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M^;Q-\-[>?XE7/ARS\.27\%Q+=>'],L(U%X WDMY<\SQ18,9P4:16(!P?0O\
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M[]K?_@\(_9F^!]M<6OP[L_%?Q>UI5(B:PM#I>F!AT#W%R%DQ[I"XK\UOA?\
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(% !1110!_]D!

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