<SEC-DOCUMENT>0000905148-19-000493.txt : 20190404
<SEC-HEADER>0000905148-19-000493.hdr.sgml : 20190404
<ACCEPTANCE-DATETIME>20190404172121
ACCESSION NUMBER:		0000905148-19-000493
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20190404
DATE AS OF CHANGE:		20190404
EFFECTIVENESS DATE:		20190404

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALAMO GROUP INC
		CENTRAL INDEX KEY:			0000897077
		STANDARD INDUSTRIAL CLASSIFICATION:	FARM MACHINERY & EQUIPMENT [3523]
		IRS NUMBER:				741621248
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13854
		FILM NUMBER:		19732948

	BUSINESS ADDRESS:	
		STREET 1:		1627 E WALNUT
		CITY:			SEGUIN
		STATE:			TX
		ZIP:			78155
		BUSINESS PHONE:		8303791480

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 549
		STREET 2:		1627 EAST WALNUT
		CITY:			SEGUIN
		STATE:			TX
		ZIP:			78155
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>efc19-318_fmdefa14a.htm
<TEXT>
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    <div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 14pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">UNITED STATES</div>
    <div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 14pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="MARGIN-BOTTOM: 24pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Washington, D.C. 20549</div>
    <div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 18pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">SCHEDULE 14A INFORMATION</div>
    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Proxy Statement Pursuant to Section 14(a) of the</div>
    <div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Securities Exchange Act of 1934 (Amendment No.&#160; &#160; )<br>
    </div>
    <div style="MARGIN-BOTTOM: 12pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">Filed by the Registrant&#160; <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">&#9746;</font><font style="FONT-SIZE:
        10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><br>
      </font>Filed by a Party other than the Registrant <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">&#9744;</font></div>
    <div style="MARGIN-BOTTOM: 7pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">Check the appropriate box:</div>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">&#9744;</div>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">Preliminary Proxy Statement</div>
          </td>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">&#9744;</div>
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            <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal; color: rgb(0, 0, 0); text-align: left;">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</div>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">&#9744;</div>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">Definitive Proxy Statement</div>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">&#9746;</div>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">Definitive Additional Materials</div>
          </td>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">&#9744;</div>
          </td>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">Soliciting Material Pursuant to &#167;240.14a-12</div>
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            <div style="FONT-SIZE: 14pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center">ALAMO GROUP INC.</div>
          </td>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center">(Name of Registrant as Specified In Its Charter)</div>
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            <div><br>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; COLOR: #000000; TEXT-ALIGN: center">(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)</div>
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    <div style="MARGIN-BOTTOM: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">Payment of Filing Fee (Check the appropriate box):</div>
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            <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; color: rgb(0, 0, 0); text-align: center;">&#9746;</div>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">No fee required.</div>
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            <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; color: rgb(0, 0, 0); text-align: center;">&#9744;</div>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</div>
          </td>
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    <div>&#160;</div>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: center">(1)</div>
          </td>
          <td style="WIDTH: 92.97%; VERTICAL-ALIGN: bottom">
            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">Title of each class of securities to which transaction applies:</div>
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          <td style="WIDTH: 92.97%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid">&#160;</td>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: center">(2)</div>
          </td>
          <td style="WIDTH: 92.97%; VERTICAL-ALIGN: bottom">
            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">Aggregate number of securities to which transaction applies:</div>
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          <td style="WIDTH: 7.03%; VERTICAL-ALIGN: top">&#160;</td>
          <td style="WIDTH: 92.97%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid">&#160;</td>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: center">(3)</div>
          </td>
          <td style="WIDTH: 92.97%; VERTICAL-ALIGN: bottom">
            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
              filing fee is calculated and state how it was determined):</div>
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          <td style="WIDTH: 7.03%; VERTICAL-ALIGN: top">&#160;</td>
          <td style="WIDTH: 92.97%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid">&#160;</td>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: center">(4)</div>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">Proposed maximum aggregate value of transaction:</div>
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          <td style="WIDTH: 92.97%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid">&#160;</td>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: center">(5)</div>
          </td>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">Total fee paid:</div>
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          <td style="WIDTH: 92.97%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid">&#160;</td>
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            <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; color: rgb(0, 0, 0); text-align: center;">&#9744;</div>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">Fee paid previously with preliminary materials.</div>
            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left"> <br>
            </div>
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            <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; color: rgb(0, 0, 0); text-align: center;">&#9744;</div>
          </td>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting
              fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.</div>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: center">(1)</div>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">Amount Previously Paid:</div>
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          <td style="WIDTH: 7.03%; VERTICAL-ALIGN: top">&#160;</td>
          <td style="WIDTH: 92.97%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid">&#160;</td>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: center">(2)</div>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">Form, Schedule or Registration Statement No.:</div>
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          <td style="WIDTH: 7.03%; VERTICAL-ALIGN: top">&#160;</td>
          <td style="WIDTH: 92.97%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid">&#160;</td>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: center">(3)</div>
          </td>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">Filing Party:</div>
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          <td style="WIDTH: 7.03%; VERTICAL-ALIGN: top">&#160;</td>
          <td style="WIDTH: 92.97%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid">&#160;</td>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: center">(4)</div>
          </td>
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            <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: left">Date Filed:</div>
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          <td style="WIDTH: 7.03%; VERTICAL-ALIGN: top">&#160;</td>
          <td style="WIDTH: 92.97%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid">&#160;</td>
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      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">EXPLANATORY NOTE</div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">This Amendment No. 1 to Schedule 14A (this &#8220;Amendment&#8221;) is being filed to amend Alamo Group Inc.&#8217;s (the &#8220;Company&#8221;)
          definitive proxy statement for its 2019 Annual Meeting of Stockholders (&#8220;Proxy Statement&#8221;), which was filed with the Securities and Exchange Commission on March 15, 2019. The Amendment supplements the disclosure included in the Proxy Statement
          relating to Proposal 3 - Approval of the 2019 Equity Incentive Plan to provide additional information regarding (1) the eligible participants in the Company&#8217;s 2019 Equity Incentive Plan (the &#8220;2019 Plan&#8221;) and the basis for participation in the
          2019 Plan and (2) the market value of the securities underlying the options as of the latest practicable date.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">No other changes have been made to the Proxy Statement or to the matters to be considered by the stockholders. All other
          items of the Proxy Statement are incorporated herein by reference without change. Capitalized terms used but not otherwise defined in this Amendment shall have the meanings assigned to such terms in the Proxy Statement.</font></div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">AMENDMENT TO PROXY STATEMENT</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In connection with Proposal 3 - Approval of the 2019 Equity Incentive Plan, the information set forth in the fourth
          paragraph under the caption &#8220;Background&#8221; on page 32 of the Proxy Statement is amended by the addition of the <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">bolded text</font> below:</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Directors and employees of the Company and its <font style="font-size: 10pt; font-family: 'Times New
            Roman', Times, serif; font-weight: bold;">direct and indirect subsidiaries</font> are eligible to receive awards under the 2019 Plan, but awards are generally limited to&#160;Company executives, key management employees and directors. <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">As of April 3, 2019, the Company and its direct and indirect subsidiaries have 6 non-employee directors and approximately 3,500 employees eligible to
            participate in the 2019 Plan.</font></font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">In connection with Proposal 3 - Approval of the 2019 Equity Incentive Plan, the information set forth under the caption
          &#8220;Plan Summary&#8221; on page 32 of the Proxy Statement is amended by the addition of the <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">bolded text</font> below:</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Plan Summary</font></div>
      <div>&#160;</div>
      <div style="text-align: left; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The following summary of the 2019 Plan is qualified in its entirety by reference to the
          text of the 2019 Plan which is set forth in Appendix A to this Proxy Statement.</font></div>
      <div>&#160;</div>
      <div style="text-align: left; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The purpose of the 2019 Plan is to provide additional incentive to those officers,
          employees, and directors of the Company and its direct and indirect subsidiaries whose contributions are essential to the growth and success of the Company&#8217;s business, in order to strengthen the long-term commitment of such persons to the Company
          and its direct and indirect subsidiaries, and to help the Company and its direct and indirect subsidiaries secure and retain the services of such key persons.</font></div>
      <div>&#160;</div>
      <div style="text-align: left; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The 2019
            Plan will be administered by the Compensation Committee</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;"> and the basis for participation in the 2019 Plan is the Compensation
            Committee&#8217;s discretion. </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">In exercising its discretion, the Compensation Committee will consider the purposes of the 2019 Plan, which is
            described in the preceding paragraph. </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The Compensation Committee shall have the power to select the individuals to whom non-qualified stock
            options, restricted stock, and restricted stock units will be granted, determine the terms and conditions of awards to be made under the 2019 Plan, and interpret the provisions of the 2019 Plan. Presently all members of the </font></font></div>
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      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Compensation Committee are
            &#8220;non-employee directors&#8221; as defined in Rule 16b-3(b)(i) of the Securities Exchange Act of 1934.</font></font></div>
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      <div style="text-align: left; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The number of shares of Common Stock authorized for issuance under the 2019 Plan is
          500,000, subject to adjustment in the event of stock splits, recapitalization, or other similar events affecting the Common Stock. &#160;Shares of Common Stock to be issued under the 2019 Plan may be unissued Common Shares, issued Common Shares held
          in the Company&#8217;s treasury, or any combination thereof. To the extent that (i) an option expires or is otherwise cancelled or terminated, (ii) Common Stock subject to an award of restricted stock or restricted stock units is forfeited, or (iii)
          Common Stock is withheld from payment to satisfy tax withholding requirements, such Common Stock will again be available for issuance under&#160;the&#160;2019&#160;Plan.&#160;The 2019 Plan will remain in effect for ten years unless terminated earlier, but awards
          granted prior to the end of the 2019 Plan term may extend beyond the term. &#160;The types of awards that may be granted under the plan include non-qualified stock options, restricted stock, and time-based and performance-based restricted stock units.</font></div>
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      <div style="text-align: left; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The option price of each share purchasable under any option granted under the 2019 Plan
          shall not be less than 100% of the fair market value thereof at the date of grant. <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">On April 3, 2019, the last sale price of the Company&#8217;s common
            stock as reported on the NYSE was $100.37 per share.</font> Options will be exercisable for a term of not more than ten (10) years. Unless otherwise determined by the Compensation Committee, and subject to certain change in control events which
          could accelerate vesting, options will vest ratably over a period of five (5) years.</font></div>
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      <div style="text-align: left; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Restricted stock issued under the 2019 Plan will be held in escrow by the Company after
          the date of grant, unless the Compensation Committee determines otherwise, until the restricted period for the restricted stock has ended and all other restrictions have lapsed. Unless otherwise determined by the Compensation Committee, the
          restricted period for restricted stock shall end as to twenty-five percent (25%) of the total shares of restricted stock per year, meaning restricted stock will vest over a period of four (4) years. During the restricted period, grantees will be
          treated as stockholders, and will have the right to receive dividends and distributions and to vote.</font></div>
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      <div style="text-align: left; text-indent: 36pt; margin-left: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Restricted stock units issued under the 2019 Plan will not be issued or paid by the
          Company until a later date specified in the applicable award agreement granting the restricted stock units. In respect of time-based restricted stock units, each restricted stock unit will have a value equal to the fair market value of a share of
          Common Stock. Once vesting occurs, the grantee will be entitled to receive an amount in cash, shares of Common Stock, or a combination thereof equal, per unit, to the fair market value of a share of Common Stock on the date on which the
          restricted stock unit vests. In respect of performance-based restricted stock units, each restricted stock unit will entitle the grantee to receive cash, shares of Common Stock, or a combination thereof,&#160;the amount of which will depend upon the
          target performance criteria&#160;stated in the award agreement as compared to actual performance achieved over the applicable vesting period. The amount received by the grantee at vesting will generally vary based upon the attainment of threshold,
          target and maximum levels of performance.&#160;Grantees of restricted stock units will not be treated as stockholders unless and until shares of Common Stock are issued to the grantee with respect to vested restricted stock units.</font></div>
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