<SEC-DOCUMENT>0000922423-12-000004.txt : 20120104
<SEC-HEADER>0000922423-12-000004.hdr.sgml : 20120104
<ACCEPTANCE-DATETIME>20120104160721
ACCESSION NUMBER:		0000922423-12-000004
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20120103
ITEM INFORMATION:		Changes in Control of Registrant
FILED AS OF DATE:		20120104
DATE AS OF CHANGE:		20120104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SYSTEMAX INC
		CENTRAL INDEX KEY:			0000945114
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
		IRS NUMBER:				113262067
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13792
		FILM NUMBER:		12506172

	BUSINESS ADDRESS:	
		STREET 1:		11 HARBOR PARK DR
		CITY:			PORT WASHINGTON
		STATE:			NY
		ZIP:			11050
		BUSINESS PHONE:		5166087000

	MAIL ADDRESS:	
		STREET 1:		11 HARBOR PARK DRIVE
		CITY:			PORT WASHINGTON
		STATE:			NY
		ZIP:			11050

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GLOBAL DIRECTMAIL CORP
		DATE OF NAME CHANGE:	19950509
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>kl01003.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<html>
<head>
    <title>kl01003.htm</title>
    <!--Licensed to: lkjlkj-->
    <!--Document Created using EDGARizer 2020 5.4.1.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Date of Report (Date of earliest event reported): January 3, 2012</font></div>

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

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

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

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

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Delaware</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(State or Other Jurisdiction</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">of Incorporation)</font></div>
</td>
<td valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1-13792</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(Commission</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">File Number)</font></div>
</td>
<td valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">11-3262067</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(IRS Employer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Identification No.)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">11 Harbor Park Drive</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Port Washington, New York 11050</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(Address of Principal Executive offices, including Zip Code)</font></div>

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Registrant&#8217;s telephone number, including area code: <font style="DISPLAY: inline; FONT-WEIGHT: bold">(516) 608-7000</font></font></div>

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

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

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(Former Name or Former Address, if Changed Since Last Report)</font></div>

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions ( <font style="FONT-STYLE: italic; DISPLAY: inline">see </font>General Instruction A.2 below):</font><br>
</div>

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">r<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;</font></font>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">r<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;</font></font>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14-12)</font></div>

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">r<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;</font></font>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b))</font></div>

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline;" face="Wingdings">r<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;</font></font>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CRF 240.13e-4(c))</font></div>

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

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

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

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

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

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

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

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

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

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Item 5.02</font></font></div>
</td>
<td align="left" valign="top" width="95%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font></font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On January 3, 2012, Misco U.K. Limited, a wholly-owned subsidiary (&#8220;Misco&#8221;) of Systemax Inc. (the &#8220;Company&#8221;) reported that Mr. Perminder Dale had been appointed as Chief Executive of the Company&#8217;s European Technology Products Group, effective January 3, 2012. Mr. Dale has over twenty years of experience in the information technology industry:&#160;&#160;&#160;from 1996 to 2011 Mr. Dale held various significant executive positions with Dell Computer Corporation, including Director of Server Business for Emerging Markets (1996-1998), Director of UK Corporate Sales (1998 to 2000), Vice President and General Manager of Emerging Markets (2000 to 2008) and Vice President and General Manager of Global Distribution Channels (2008 to 2011). Mr. Dale also held various management positions with other well-known technology companies, including Sun Microsystems (1990-1996), Siemins NixDorf (1988 to 1990) and Hewlett Packard (1984 to 1988). Mr. Dale earned his M.B.A. in international business and marketing.</font></div>

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

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In connection with his employment, Misco and Mr. Dale entered into an employment agreement dated as of December 15, 2011 (effective January 3, 2012) (the &#8220;Agreement&#8221;).&#160;&#160;Under the Agreement, Mr. Dale&#8217;s annual base salary will be &#163;250,000 and he is eligible for a cash bonus of up to 75% of his base salary upon the achievement of certain performance objectives established for him by Misco and the Company.&#160;&#160;75% of the annual bonus will be tied to achieving certain Systemax European Technology Products Group performance objectives and 25% of the annual bonus will be tied to achieving objectives under the Company&#8217;s Named Executive Officer Cash Bonus Plan for the applicable year.&#160;&#160;Under the Agreement, Mr. Dale is entitled to (i) a car allowance, and four (4) weeks paid vacation; (ii) full salary and benefits during any period of absence due to sickness or injury for up to four weeks; and (iii) participate in medical benefits and pension programs available to any director of Misco based in the U.K.</font></div>

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

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Dale has also been granted an option to purchase 50,000 shares of common stock pursuant to the Company&#8217;s Long Term Stock Incentive Plan and standard stock option agreement for employees (vesting over a period of four years with 25% of the options vesting on the first, second, third and fourth anniversary dates of the grant date) at an exercise price of $16.90 per share (the NYSE closing price on January 3, 2012, the grant date), and a grant of 50,000 restricted stock units of the Company&#8217;s common stock in accordance with the Company&#8217;s 2010 Long Term Incentive Plan and Restricted Stock Unit Agreement with Mr. Dale (vesting over ten years with 10% of the restricted shares vesting on each of the first ten anniversaries of the grant date).</font></div>

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

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Following an initial probationary period (during which employment can be terminated on one month&#8217;s notice), the Agreement is terminable by either party upon twelve months&#8217; prior notice. Misco, however, may terminate Mr. Dale&#8217;s employment immediately by paying him, in lieu of notice, the base salary he would be entitled to receive under the Agreement during the twelve month notice period, or if notice has already been given, during the remainder of the notice period.&#160;&#160;Misco also may terminate Mr. Dale&#8217;s employment without notice and without any obligation to make payment (other than in respect of amounts accrued due at the date of termination) if, among other things, Mr. Dale is terminated due to gross misconduct, commits any serious breach of the Agreement or the Company&#8217;s Code of Ethics, is guilty of any fraud or dishonesty or is convicted of any criminal offense (except if only a fine or other non-custodial penalty is imposed).</font></div>

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

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Agreement includes customary nondisclosure and intellectual property rights provisions for the benefit of Misco, including a right of first refusal in favor of Misco to acquire any intellectual property otherwise titled to Mr. Dale and developed by him in the course of his employment. The Agreement provides for customary non-solicitation and non-compete provisions effective for twelve months after termination.</font></div>

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

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A press release regarding Mr. Dale&#8217;s appointment was issued by the Company on January 3, 2012, a copy of which is filed as an exhibit.</font></div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

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

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

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

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

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

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

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

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

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

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="45%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="45%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">SYSTEMAX INC.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">By: <font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/ Curt Rush&#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></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Name: Curt Rush</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Title: Secretary</font></div>
</td>
</tr></table>
</div>

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

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dated: January 4, 2012</font></div>

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

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

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

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

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

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

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">99.1</font></div>
</td>
<td align="left" valign="top" width="96%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Press Release of Systemax Inc., dated January 3, 2012, regarding the appointment of Perminder Dale as Chief Executive of the Europe Technology Group.</font></div>
</td>
</tr></table>
</div>

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>kl01003_ex99-1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<html>
<head>
    <title>kl01003_ex99-1.htm</title>
    <!--Licensed to: lkjlkj-->
    <!--Document Created using EDGARizer 2020 5.4.1.0-->
    <!--Copyright 1995 - 2009 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>

<div>&#160;</div>

<div>&#160;</div>

<div>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exhibit 99.1</font></div>

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

<div>&#160;</div>

<div>&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><img src="logo.jpg" alt=""></div>

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

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">Systemax Announces Management Appointments</font></div>

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">- Perminder Dale Named Chief Executive of European Technology Products Group -</font></div>

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">- Bob Dooley Promoted to President of Global Industrial -</font></div>

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">PORT WASHINGTON, NY, January 3, 2012 &#8212; Systemax Inc. (NYSE: SYX) </font>announced today that it has appointed Perminder (Pim) Dale as Chief Executive of the European Technology Products Group and promoted Bob Dooley to President of Global Industrial.&#160;&#160;These newly created positions are part of the Company&#8217;s initiatives to optimize operations and strengthen the leadership structure in its European and industrial businesses.&#160;&#160;Additionally, Scrib Dailey has been promoted to Vice President, Operations of Global Industrial and Sally Buffkin has been appointed Vice President, Human Resources for the North American Technology Products Group.</font></div>

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Richard Leeds, Systemax&#8217;s Chairman and CEO, commented, &#8220;On behalf of our Board of Directors and employees, I&#8217;d like to welcome Pim and Sally to Systemax and congratulate Bob and Scrib on their promotions.&#160;&#160;All are experienced executives and proven leaders within their respective industries. With 20 years of IT industry experience, including 15 years at Dell Computer Corp., Pim is a seasoned manager with an extensive background in sales, marketing, finance, service/support and operations. He has a successful track record of building high growth businesses across multiple international geographies. Under Pim&#8217;s leadership, we believe our European Technology Group will continue to execute on its strategic initiatives and become an even stronger competitor in the markets in which it participates.&#160;&#160;Bob is a long time Systemax employee who has provided years of exemplary leadership to our company and is a great fit to continue to build on the notable success of our industrial products business. Within Bob&#8217;s most recent position as Vice President of Marketing and e-Commerce for Global Industrial, he has been essential in building out the e-Commerce assets that are now its largest and fastest growing sales channel. In addition, Bob has played critical roles in a number of our key acquisitions. We look forward to benefiting from the strong management skills he brings to this new position.&#8221;</font></div>

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Pim Dale has extensive general management experience during his 20 years working within the IT industry, most recently at Dell Computer Corp. from 1996 through 2010. In his most recent role at Dell, as the Vice President and General Manager for Global Distribution Channels, he was integral in establishing the global distribution and retail network spanning emerging markets for consumer and SMB segments. Prior to that, Mr. Dale was Vice President and General Manager of EM-EMEA, appointed to build the Dell business within EMEA emerging markets, comprising 120 countries. His tenure at Dell also included the roles of Director of UK Corporate Sales and Director of the Server Business (EMEA). Earlier in his career, Mr. Dale was employed at Sun Microsystems as Head of Product Marketing for Northern Europe and prior to that as a Business Development Manager of the manufacturing sector. Additionally, his career included time at Siemens Nixdorf and Hewlett Packard.</font></div>

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Bob Dooley most recently was Vice President of Marketing and e-Commerce for Global Industrial since 2008. Prior to that, he served as a Senior Vice President of Worldwide Computer Sales and Marketing for Systemax and its predecessor companies, Global Computer and Global Direct Mail, for fourteen years. During this time, he also served as a Systemax Director from 1995 through 2004. Earlier in his career, Mr. Dooley was a Senior Marketing Executive for computer related products at Global Computer. During his career at Systemax, he implemented and managed the computer products division and assisted in the Company&#8217;s expansion into Europe. Mr. Dooley also played critical roles during Systemax&#8217;s IPO process and during many of the Company&#8217;s key acquisitions, including TigerDirect and MISCO.</font></div>

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Scrib Dailey joined Systemax in 1985 and has served in a variety of roles, most recently as General Manager of Global Industrial&#8217;s Buford, Georgia and Las Vegas, Nevada facilities, which include both distribution and call centers.&#160;&#160;In his new role, Scrib will work closely with Bob Dooley and the other members of Global Industrial&#8217;s leadership team in managing its North American operations.</font></div>

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Sally Buffkin has joined the North American Technology Products Group as Vice President, Human Resources.&#160;&#160;Most recently, she was Director of Human Resources at American Express and prior to that held Human Resources roles at Starbucks, Home Depot, Best Buy, Target and Cargill.&#160;&#160;In her new role, Sally will work closely with Dave Sprosty and the other members of the North America Technology Group.</font></div>

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

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Systemax Inc. (http://www.systemax.com), a Fortune 1000 company, sells personal computers, computer components and supplies, consumer electronics and industrial products through a system of branded e-Commerce websites, retail stores, relationship marketers and direct mail catalogs in North America and Europe. The primary brands are TigerDirect, CompUSA, Circuit City, MISCO, WStore and Global Industrial.</font></div>

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

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This press release contains forward-looking statements about the Company&#8217;s performance.&#160;&#160;These statements are based on management&#8217;s estimates, assumptions and projections and are not guarantees of future performance.&#160;&#160;The Company assumes no obligation to update these statements.&#160;&#160;Actual results may differ materially from results expressed or implied in these statements as the result of risks, uncertainties and other factors including, but not limited to: (a) unanticipated variations in sales volume, (b) economic conditions and exchange rates, (c) actions by competitors, (d) the continuation of key vendor relationships, (e) the ability to maintain satisfactory loan agreements with lenders, (f) risks associated with the delivery of merchandise to customers utilizing common carriers, (g) the operation of the Company&#8217;s management information systems, and&#160;&#160;(h) unanticipated legal and administrative proceedings.&#160;&#160;Please refer to &#8220;Risk Factors&#8221; and the Forward Looking Statements sections contained in the Company&#8217;s Form 10-K for a more detailed explanation of the inherent limitations in such forward-looking statements.</font></div>

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

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

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

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

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Brainerd Communicators, Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">212-986-6667</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">pascarella@braincomm.com /</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">nancy@braincomm.com</font></div>

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

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div><br>
&#160;</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>logo.jpg
<TEXT>
begin 644 logo.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4`
M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@``
M``````!@`````0```&`````!4&%I;G0N3D54('8U+C`P`/_;`$,``@$!`@$!
M`@("`@("`@(#!0,#`P,#!@0$`P4'!@<'!P8'!P@)"PD("`H(!P<*#0H*"PP,
M#`P'"0X/#0P."PP,#/_;`$,!`@("`P,#!@,#!@P(!P@,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#/_``!$(`&4!
MA@,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_
MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C
M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-45597
M6%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ
MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X
M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($
M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B
M<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G
M:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X
MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$`
M`A$#$0`_`/W\I)"-AR<"N>^(_P`2=$^$W@V_\1^(]5M-'T72XC/=75U*(XH4
M!`R3^(`'4D@=Z_'W]M/_`(+^^._B+X@?2O@Y(O@_P];R.L>M31QW%]JR`X\Q
M8I8RL49(X)^;GM7MY+D&+S.=L/'1;M[(^7XDXNP&2TU+$RO-[16[_P`OF?L[
M(X!`R"3T&<4Z&3>XP5('HV:_F8\8_M=_%;Q]>-=Z]\1/%VH74K;F\S4G6,_1
M4PJ_ABM;X9?MW_&KX.WT=UX;^)GB:QD)XAGNA=P^F-DH88/TK["?AMB4M*JO
MZ,_/8>,V%YDI8>5N]U_D?TK45^7'_!/+_@O./'.M:;X/^-36FEZA<_N;;Q/"
MWEVMW*6^6.>,*%A))`##@G`.,U^GFGW'VG8Z.'B900RON4\=0>X/K7P^:Y1B
MLNK>QQ4;7V?1^A^FY#Q%@LXH.O@I7MNGHUZENBBBO,/="BBB@`HHHH`****`
M"BBB@`HJCJ5^NG:?<W,K2"*W0R-MR6P!DX]Z^$8_^#A_X&O*SB/QDRI@-MTI
MM@//^U7H8+*L7C.;ZK!RY=[>9X^9Y_E^7<OUVJH<U[7ZV:7ZGWY17Q3\(?\`
M@N?\&_C7\4/#WA#2%\5)J7B6^BTZT:XT]HH_,E8*N6)XY-?9\+/Y@W'))['C
MI66,P&(PLE#$0<6]=37+,YP>80E4P=13479M=R:3.TXW`^V,_K535=6M='MS
M)=74-L@QEY9`@'/J>*N=>HS3)+>.8@O&CD=,J#BN.2=M#U(M75SB/%'QGTW1
M$+0:?XAUPCH-(TZ2\!_%>/UKG(_CKXI\1*T6B?#/Q<LK<*^L/;V$1[Y/[UF`
MQZ@&O6U@1/NHB_0`4[:#U`KF=*L]'4T\D>A3Q&#A&WL.:7=R?Y*Q\_\`B.\_
M::U"4MHNE_!#2[=ONC4[_5+N9!GN(HT7/T;\ZKV_@']I/Q%(IU3Q[\,=#A/W
MAI&@74SC_=>>8CKCJI[U]#A0.@`S[4>6O!VKD=..E)83O-OYGI_ZR2C35*GA
MJ,;=533E]\FSY^;]EOXI:JP-_P#M!>-;3?U32]*TB!1_N^;9RM^9-9]]^P3K
M^L%CJ'[1GQ]F1_O1PZAI-O&WX)IX(_`U](B-1G"J,^U&Q?[H_*K>%@U9W^]D
MT.*<PHOFH.,7Y4Z?_P`B?)&K?\$C/"_BAV;6/BI\>=59_O&3Q<(0?PBB0?I6
M!J?_``0E^"^N[EU'6_BOJ&_[WVGQ;<.#WYQBOM?:!T`%&T=<#-8++</_`"GI
MKQ&XD5N7%R7HHK\DCX8D_P"#>S]G2=2);?QU*3W;Q+<'^=5IO^#=/]FJ4$G3
MO&6X]_[?E8_J"/TK[PP/048'H*K^SL-_(ON-(^)7%"::QU33S/@*?_@V^_9L
MG)*VGC>-CT9=:!8?G&167J?_``;2?L\S9:+4?B7;>@CU6U8?^/VS5^B-%']G
M8;^1'73\6>+X:QQ]3YM/\T?FO>?\&R_P1=2;/Q5\2K9_X2]W8OC\!:#-<[K_
M`/P;->$TBD&B_$GQ/;R'_5B[BA=1SWVHO;/:OU*VCT%&T=,#%9RRG"O[/XL[
MZ'C5QG3:;QSEZQ@__;3\:_%G_!M;\2;!W?P]\5/#LBK_`*M+U+J+//=HP<<9
M_A/]:YR;_@A/^U-X"A,^F?$3PO/Y7(2R\1ZC$WIP&@4=_45^VRHJYPH&?04;
M1UP,_2N>6185JVJ]&SZ7"_2+XMI)*:HU/\5&+?X6/P9\0_LN_MU?`*Y:73)_
MBEJ*Q\;]&U*74%`Z957SZ]EKG]2_;"_;E^$-JT^K:O\`&?2HHQG&L>&=J`9Q
MG,EMS^=?T#>6O/RKS[5%=6T;P,#%&XXX*@CK6+R2:_@U6OQ/H:7TC(XB/+F^
M286NWUY5']&?SXZ!_P`%T_VD_"][Y=]XZL]2DC.&@O\`2;5#]"$2-OUKO]!_
MX.1/COHNP7.@_#75P#R\^FW<;'\8[@`'\*_9OXG?L\^!OB_H\UEXG\(>'M=M
M;A=KQW>GQ2DC(/5ER.0.AKY?^*G_``09_9U^(T4LEEX7U'PO?RYV7&EZI/&L
M3'N(G8QGN,%<<\8.#7/5RW,8N\*K?K_3/H<L\7?"S'<M/..'XTI7U<(QDEYZ
M<K_`^7OAC_P<Y:F9E3QE\-K((/OR:+<L3^"3,,]OXAWZU[AX-_X.0?@;XENH
MK?4=%^(F@,_WII]-MY84_&.=F]ON_E7SW\<?^#:#Q'HMM<7G@'XAV&KE06AT
M[5]/,$KGC"B9'*COR4[=NWQ=\:O^"9?QY^`ZRR>(?A9XLDLH"2]]I=J-1M@O
M9BT);8.GW\=<=:Y*F+S/#_&KKTO^1]_EG`G@IQ4F\LK*E.5[1]HZ;OY1G_PQ
M^[WPZ_X*=?`;XJ6D+V'Q4\&V3W!`6#4M7@L9\GH-DC@Y]J]GT'QEI'B6**;3
M-2T_4(9?NR6]TDJOZ8*D@U_*)<!DWK)'$S1L4=2N74@X((Z@@^OI6Y\-OB+X
MA^$^JIJ/A/7-7\-WT;;UEL+AK=L].0I`/&>OK6M#B627[V/W'+G7T.\'45\F
MS"2>Z52*DO*SBU]^I_5P2#(!GYAVSC_]=.K\"/V=?^"^WQT^#6IP1>)M3LOB
M+I:?*UOK'EV=QC'&V:%,Y&<_,IS@#WK](/V1?^"Y'P>_:86ST[6-5A^'WB^?
M"'3-8G\NV=B3M6.Y8+&Y..`,'D#KQ7LX7.,/7LD[/S/YXXV\!.+N&HNK7H>V
MIK[5)\WWQLI+[K>9]KT5GQW_`-JC5HWD9>NY""#GG@]"/<45ZJBS\5YNR/R]
M_P"#C;]I*\TG3?!'PGTZXEBAUA9-<UH)*RB>&-MEM$P!PRF3>Y#<;H4/50:_
M*!HGG+D95CCCIN]J^[?^#AV.Z;]O73#*K"V/A&R^RGL?](N]^/QKX67Y656;
M'J<XQ7]"\(X6%+**,8KXDVVO/HS^1>/\=4Q.?8B=3=/E7I&R_'?YGOO[&G_!
M-'XG?MN>&M1UKPI;Z=I_ARSGDM3JNHS"*&>=0#L15!8@$@$CC/7O7'?M5_LB
M^.OV+?'4/AKQUIR6DU]&T]C=P3++;7\:D`LA&,$$C(89%?K?_P`$#?B_X;\7
M_L0Z7X7M)[*/7_"=]>0:G9>8IEQ).\\<H4\E2KJ,]/E]JP?^#@']F_Q/\=/@
MK\/KGP9X/UOQ9KFD:]()8])L7NIX;:6UDWLRIEBOF)$.!UQZ5X-/B_$PSQX'
M$14:2;BF[WTV?S/JL1P#@Y<,PS7"S<JME)I6:U>JTUNOT/Q>9BZ>7)\R@8`;
MD>N.?>OW?_X(:?M47W[2/['5M8ZU=37>O>`KH>'[B6:5I)KF%8EDMYG+$EB8
MV"ECU9&K\=Y?V"OCHEL&/P8^*19>>/#=WGK_`+AK]#/^"$_PJ^*/[/6B?&LZ
M]X$\3>&[B[M+*YT>+6]*FLEO+B);KY0'"E@=Z`[3TQ[5MQK3P^*RJ4XS3G&4
M>575]6DUZ:G%X:2QF#SN"E"4834E+1VTBY+YW6GJ?J=17XM+_P`''_QA*2)_
MP@_PZC>-C&Q=KTE'!P00)1CD&O2_V0_^"]WQ$^._[37@KP9XE\)>!M,T7Q-J
M26$US8/=?:8BX(3;OD*\R;`<CH3WQ7P5;@;,Z5*562C:*;>O1*Y^N87Q/R.O
M6C0C*2<FDKQTN]._1[GZM45G:EJ":3I<UQ/*T<5O'YDC$_=4=3GVK\<KC_@Y
M`^+)OKHV?@SX=-9QSNL+7!O#(4W,%+;90,D;>GK7CY/D.,S)3>&2M&U[OO\`
M\,>UQ'Q?E^2\BQK?OWM97VM_F?L]17Y1?L=_\%S_`(P_M-?M.>"/`<_@[X>1
MVWB/41!=RVGVU98+=5:29UW2L-PC1R,C&0,U^A/[3?[5?@W]DGX7W/BOQGK"
M65E`"(8%F3[5J#@#]W!&2/,?IP,`#)-+,,AQF$Q$,+4C><DFDM;EY/Q;E^8X
M2ICJ,G&G3=I.6EM+GJE%?C#\>O\`@XN^)?B77[J/X=>'?#7AO0OE:";6(I+G
M4B.F719?*CR>V#7D,G_!<3]I>29I$\<V"HYSL71;,*GL-R$G\Z^@H>'V:U(<
M[48^3>I\OB?%C)*<W"'-*W5+0_?RAC@$U^*7P4_X.)?BSX3URQ3QOHGAGQ7H
M0D_TN2SMWMM2V8/W-L@BSG!P4YQCCK7ZI?LH_MA>"OVSOA;;^)O!FI2302D)
M<VD[+'>V#_W)8]Q*M^A[5XV<<,X_+H>TQ$/=?5:H^BR#C3+,WDZ>%G::^R]&
M_0]#\8`'PSJ*D`@VTF1_P$U_+&%`L@,*&('/IS7ZW?\`!1/_`(+2?$;]EG]J
M_P`;_#;1/"/@W4]'T*.T6.[OY+DSR>?9PSG.Q@O!F(`Q_"*_)2,9@$:KO4$C
M=@X4\'J>2,DC\*_2^`,HQ&$H5*]96511E'TM<_%O%7/L)C\73P^';<J+G&6G
M6ZV^YGK?_!/Q]G[;GPA8,"5\5Z?P#U_TA*_I0A"^:#C!7@9'(K^7CX,?$Z\^
M"?Q5\,^,M*M+2^U+PMJ,.I6]M<AO)F>.0.%8(0V..Q%?JM_P3L_X+3_$7]L'
M]K?P[\/_`!!X5\&:7I>L6]Y+)<:<;HW,;0VSRC&^0K@E0#D5Q\>9#B<546+P
MZO"$6WK;:[9V^%_%."R^$L%B&^>K4BHI*^KLEKZGZ;T5F^(_$5GX4T2[U+4K
MRWL-/L8S-<7$\BQQ01J,L[,Q`4`9))/%?E_^U_\`\'$2^'O$DFB_!W0[+5HK
M.>2&;7-<5Q:76#PUM''(&D3@XD8@'/`-?FV59+B\PFXX:-TMWT7J?L^?\49?
MD]-3QD[-[):M_(_5*BOP0US_`(+K_M):Q=O<P^*]#TY">(;/18#"GU,@=C^=
M3^&_^"\W[1N@7"2R^)/#.N[6W-#?Z+&B,!U'[DHV,>F#7TR\/,T<.9..U[7U
M_(^.7BYDCE:T[=['[T45^<'["O\`P7T\/_&OQ!8>%_BIIUMX,\0ZC)Y=OJEH
M6&BRD@E5=I)&>$DX4;LC+`9'6OT1BNA<P1R)(7CD&Y65P5(/?(Z@]C7RV:93
MBLOJ^RQ4'%].S^9]SDV?X+-,/]8P<U)+==4^S1>HK\K?VW/^"Y/Q._9F_:I\
M:>!-#\)^";W2O#%U%!!<Z@+PSRJ\$4N6V2*O5\=*XCX;_P#!P]\6?&OQ,\.:
M)=>"_A^EKJ^JVEA,]LMX)52:9(V*[IL9`8GGBO;I<%YE4H+$14;-<V^MK7/E
MJWB9DU/%RP;<N92<=E:][;WV/V)HK\U/^"BO_!=L?`KQE>^"OA19:9KVO:1.
M(-4U?4(VFTZV8KGRX?*D!DE4_*V?E4^N*^/K+_@NK^TA9:XE_+XHT:[ME?>U
ME+I%ND##^YE%$G_C^<XIX+@G-,32C545&^R;U(S+Q0R3"5G14G-IVO%77W]3
M][**^(OV"?\`@L=X5_::^$NOZAXWDL?!7BKP79&_UJW>816<\&[B>T,C[G4D
MHFUN1(P49R*^-?VGO^#A;XD>,/%FH0_"Z#3?"WA6*0?8;V^L?/U6Z4'!=T=F
MBC4D<#:3@]<].;!\(YGB,3+#1IV<=VWH=^-\0<EP^$IXOVO,JFR6LOFNGS/V
MGHK\'?`__!?7]H?PCJ:SWFI^&O%=HKAI(=1TM8LKGD`VQ0CC/-?JC_P3R_X*
M'^&?V^?A]/J.F"?1_$&C.L.KZ+=,OG6SLN0\>&)>%L<.>^1Q1G'">89=35:O
M%./=:V]1\/\`'N5YO6^KT).,WLI*U_0^D:*I:SK-OH>E7-Y=7$-M:VJ&2::5
MU1(4'+,S$@``9))["OS._;*_X.&+#P)XAO-!^#VBVOB6]TV<PW&KZRK#3)AW
M:`12!Y1U&[(7T![^9E.48O,9N&%@W;=]$>SGG$>`RFFIXV?+?9=7Z(_3ZBOP
M3\1?\%VOVC]=O7GA\4:%I$;'B"PT>!D3VS,'8_G572?^"ZO[2.G3K)+XOTK4
M`G/E3Z1;!7]CL13^1%?5+P[S32[C=^?_``#X=^+N37LHS?R_X)^^U!Z=J_)3
M]EG_`(.,M7N?&-MIGQ>\-:5'I5VR1KJWAV"9!:;C@O.D\IRHSDE,8`)P<8K]
M3?"7C'3_`!YX:LM8T?4K35-)U&%;BVN[>4213QL`5=&4D$'US7S6<9%C,MDH
MXJ-D]FM5]Y]ID/$^`S>FZF"E>VZ>DON-M@HY;:,4U]KC:%P3W`XK\KOVR?\`
M@M;\:_V3/VEO%?@*Y\%>`7AT6[!L;F[COMU]:2IYD,@Q(!D(55L<;U:O-;7_
M`(.2/BP)XC<>"?ANT(=1((5O5<J3SC,QY_"O6PW!695:,:U.SB]M3YC%>*63
M8>M+#U5-.+L_=Z_>?LTP5L94D_2H-2LH[R-EEC62-QAE894CWK!?XE:.GPRD
M\7O?QIH!TW^U3<[R!]F$?F;^3Q\G.<U^0]Y_P<C?%H74\EIX'^'D=@[O]G^U
M?;'E"!G"[]LP&2`IX]:\_)^'L9F3G'#13Y=[NVY[G$/%^7Y.J;Q;?OW:Y=7I
M;S7?0^Z/VQ?^"/WP9_:UTQYW\/+X/\0D^9'JGA^W@L99'.!F8*F)AC/#YZY&
M#@CY!^`7_!MU<)\9M77XD>+FO/!FG3*-+&C1BTN=70IN+2$ES%L?:I&/F`.#
MSQM_LB_\%N/C7^U1^TOX0\`6G@?P`4UJ[Q>36L=Z6M+./#SS9,K`80,%R/O8
M'>OU4MPS.FY0",]`0.XKRL^X16`KQCBH+FWT=S]9X!^D9Q/++:V$R7&U%1=D
MN=)N/?ED[M:>>G2S/(/AC^PE\'OA-IUO:Z+\,O`]O):H%^TR:);2W,W'5YF3
M>YQZUJ^,?V._A-XZT^.#7/AGX!U%-VY6N-`M':)@0058QY4YQR.:]36-4X"J
M`?04NT<'`R*X8X>DE;E1Y53B3-YUGB)XNHYO6_/*_P"9S/A#PE;_``Y\,V>E
M:;]MN;.T4I%Y\S7$B+G(7<QS@9P!V``[45TV!Z#BBNB$E%))(\:I[\G.;;;U
M>I^6'_!QQ^S+J.K:+X,^*^EVDUS;^'Q+I&M-"-PMX'8-;R,.NT2%E/8&4>M?
MD[<DN)`J@!`J[LYW\<D5_4=\1?`>C_%;P9J7AWQ#IEKJFD:K";>ZMKB%9(Y4
M;'&&!&<@$'L0#VK\0/\`@HS_`,$=_%7[(-[>^)?!D5_XJ^');?+,L:O>:'N;
MB.4;LR("0`ZJ>,9QUK]=X#XEH.DLKQ,N62OR^:>ROWN?SSXF\'XCZW+-L)'F
MIR2YK;IK=OR/E;X3?&3Q1\!/'EIXJ\&ZQ<^'O$%ED1W4`4EU*[2CJP*NI7C:
MP/;&"`1^L'[#O_!?7PS\1([70?C%%;>"]=2-8DUM-SZ?J<F.=X"YMV^IVY[]
MJ_'2(^>0\4OG(V<9.Y6'3(]#Z@U(VV:(J258#``(7\.:^OSGAS!9C3:Q$=>D
MENCX#AWBS,,EJ7PLKQ>\7JONZ,_J6\)^)M-\;Z#;:IIE_9:KIE\@DM[FTE6>
M"9?4."5(^GI6G)"@R.,DY!XX]<5_/7^P'_P4U\=_L.^*H+:TEG\1^!FP+S0;
MJZF$5K'@Y:U`)2)^=WRK\V,'UK]\/A%\5-$^-WPXT3Q;X?O5U'0]?M$O+*<#
M`EC8<$C'#9R".H([=*_$^)>&L3E%35WA)Z2_)/S/Z0X2XVPN>T_=7)5@KN+^
MZZ\C^=?]OCX6_P#"D_VQOB=X96)X8;'7[BYMUQA1!<-]HBP.PV2X&.PK@_A#
MXVD^''QC\)>(@\L:^'M;LM19D)4A8KB.1N1[*:^UO^#A7X2+X-_;2TGQ/#$R
M6WC70HC(<85I[4F)A[D1M#^&*^!YLW*.J8!*D<]#D5^X9+B(XK+*-1Z\T5?\
MFC^9^(L&\OSBO0BK<DVUY*]U^!_2;^W?\1HOAO\`L4?%#Q`DK(MGX7OGB=6(
M(D:!ECP>QW,N/K7\V"Q,$"LS8*],^HSC\#BOVH_X*,_'M-?_`."(NCZNMSYM
MQ\0M*T.T#N^YI6D,,TN3U.4ADSGJ,YK\66<?*5#$@E<GOCC/YU\QX=8-T<'6
MDUK*;C_X"E_F?<>+6/\`K&88>,'>/LE)?]O-_HD?=O\`P;Y?"M?&/[<M_P"(
MF@8VO@S0KB8,5RHN+DK`GX^69C],^]<)_P`%I/VB[SX]_MU>)M,=]V@_#]QH
MFEQ;LA'55^T/CIN,I9<CLHK[._X-M_A2=/\`@?\`$3QHZNDOB#7(=.@+=3#:
M0@[@?0O<./\`@%?GC_P4E\"7?PZ_;O\`BKINHQS))-K\VIQN\>P3171\]'7U
M&),$^HK7+\13Q/%%;G:;IPY8^6U_Q;,,QH5\)P5AHP32JU'*?Y1OZV_(\3M;
M&YU>\M[2V0SW5Y,EO!&3Q)([!$'/JQ`K],=%_P"#;/5KSX91WE]\4([?Q');
MB1M/715:WBE*Y\@R^;GJ<!L=<&OS,BGN+*XBN(+A[2:V=989D.UXG4AE8'L0
MP!XY].:_7/\`8R_X.$?#'B>PL]&^+^G3>%M1@58_[:L8I;JQNVX&9(QNDB)P
M.?F&?05W<75,VITX5<L6WQ6LVU\^F]^O8\K@2GD53$5*>=Z)JT7LDWO=]'V?
M36Y^3/BKPK?>"_$6JZ7JEJ;+6-&NI;&]A)_U4L3M&Z<`Y^8$=>U?2'_!(3]H
M.Y_9[_;L\)21W`@TCQK<_P#"/ZM!N"),DQ"0/GU24QD>V1QFOT0?_@CA^SS^
MUUXDUCXD:7XM\9WZ>,[^?5W;2-9M?LBR32M(_EJ;=F4;B258G!)[UK_#[_@@
M'\%?AAX^T+Q/I^M?$6;4/#VH0:E:I<ZK;-$9HI%D3<%MU)&Y1T89KQ,PXRRV
MM@ZN$Q"?/*-FFGH[;??U/<R;P]SFACZ6.PSC*G&::DIIIQ37;6UNA\F_\%6/
M^";OQM^./[<WQ#\;>%/`%UK'A354T]K748]1LHQ(L.GVZ2-L>97&'5^B\[:_
M.BW_`'<H(!(.23\I`;N/EXXYK^ISQ.%;PUJ*N5)>UERI()/R'CZ"OY8XT9(5
M`+!1VSQ79P-G5;&X>=&HE:DH136]K27Z&'B?PU1RS%QQ-.3;KRG)I]'>+T_\
M"-?P/X!U3XE>+=+\.:%9OJ.MZ[=1V=C:K)&C32NP55!<JH.2.I'YU^AG_!)S
M_@F[\<OV??V[?!_B[QO\/[KP_P"'M.M-06YO9-1M9EMS):21(-L<K,<NRC`!
M`W9[9KX]_P""?_/[<7P@)Y(\6:?CV_TA*_I.>-22I52I/3''/6N3CG/Z^$DL
M'22<:D'>^^MT=GAGPGALQ_X4:LVI4:D6DK6=FI*_S1^:O_!Q=^TA?>$?A#X4
M^&>EW3V[>-IY;O5D4D%[2V,;(F0>C3,IQW$9K\?UP58!28^-V._I^M?HC_P<
M@7$G_#57@./S'\M?#3,%W':";B3)QZ\#\J_.I6((&2`2.X&3GCK[U[W`^&A3
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M5U(R#D<>V*\CA_X(?_%"UG2>/QE\,H7B=9%D&O`>65.0WL01FO//^"MNL7T/
M_!1OXKK%<SIY5_;A<2,-O^AV_3!XKYV75]1:WEC:^N@I'W?.;'\Z[LIHX]X"
MC*%9).,;>[?1KU/-X@Q>6_VGB/:4)-^TG=\^[YNW+ZGW%:_\&^/QOFMVG&K>
M"9X)?W@F&H2,K[FW%\A<$'KFL5O^"'/Q-G9'B\8_#`(Q#L4UP*.0<#IGJ*_:
M?X%6<#?`'PC;&)/(ET.T5DVC9@P+D8Z8-?S/>)M6U"W\1ZH(KN],?VZ;[DC;
ML>8^!U[9KQ.&LWS+-IUH^T4>1K:.][^?D?1<9<.Y/D:PS5.4G54G\=K6MMIW
M:/KQ?^"%OQ0G<1CQ=\,G>3"*%US=NR>F,<Y..*U;_P#X-\/C78V4D]YJ_@>.
MUA'F/,]^RI&!U))7@`5\S_LAZU>WO[6_PJMI;F]>"Y\7Z3%+'-(Q21&O80RL
M"<$$$C!X.:_?#_@I"/(_8!^,3H`KQ>$M0D1EX*NL#E6![$$`@]B!1G>=YGEV
M,HX=3BW4:UY;=;=Q<-</Y-F>!Q.-=.<?8Q;MS+6R;TT\C\DV_P""&OQ-1_W?
MC'X7NT>T!AKH`]L#'7G-?1W_``2B_P"";7Q!_9(_;$M/%-_XI\$7FC7>DW5C
M?VFFZI]HN+M"BO'M0==LBJ<]AGUK\JK;Q+J/V6,F_O-P`8'SVZAB`>OIQ7UI
M_P`$/M;O9?\`@I9X+C>[N7BDLM3W(TK%7Q8SD9&><$#\J];.L)C_`.SJZJ54
MUR2;]W^ZWIKIZGA<.8[+(YOA?949)NI"/QWWDDKZ;:ZH_4?_`(*Q_#+QE\=O
MV;G\">#O$/A[PY<>(;V/^T9]4U`68ELXCYA1#W)D\H'VR#P:_,5_^")GQ'BL
M2J^-/A*JA2%`UQ,+]!BOT]_X*%_\$R-,_P""@FM>%;O4?&?B#PVOAE+A8HK!
M%>.X,Q0EFW="`F!]:^=?^(<#PO:IN'Q4\:D+V\B''\J^'X9X@P^`P?LO;J,F
M]N1M_-GZ;QCPMC,SS&5;ZNYQ2LGSI?<K/N>!_!7_`(-[_'GQ.U>1M>\=^#=,
MT>,'%WI*'4R\@(^3:'0#C/<8ZX/0I\:/^#?#Q]\.=8C71/'G@[4="D5`+S5C
M_9<BRX)\LKE@>.>&_E7Z(?LM_!?P#_P2O_9[U/2]9\?13:6]_+JD^IZO-'%+
MEU10@`.6`*\`#.6/'K^<G_!9O_@IQX=_;!&B^"O`#W-[X:\/7W]I7>M%9(1>
M3F)HUC1&`*HH=CD\$XXKU<KSS.LPS)QHR_=?S..EO+K?RN>!G?#?#^5Y0JF*
MC^_=GRJ=WZ::6^7H<PO_``1,^)=NC`^.OA0H8=3KR\'UZ=:_2C_@D7\"O%W[
M-'[,\W@CQ5K?AG6_[(U.:33FT>]6ZBM[67$GE.1T(D,F!7X%IJ%V&0_:[@C/
M_/5O6OUC_P"#:*YFOO"GQ@2666=(]1TQEWL6VLT5P6(STR<$^IKOXTP.,>52
MGB*BDHM?9L]7;OYG#X<YA@(YY3IX:C*,IJ2OS7V3;NK+L>G?\%G/^":&O?MC
MMX5\5^"&TNW\3:")+"_-].L$,M@074ECW23)R>SM7P6O_!$[XR2NV+GX?I&`
M-S?V["N_C((]L<X[U^YOQ:^'&G?%OX:Z[X9U)&:QUZRDL9F7`=%D4J64]F7.
M0>Q&:_FP^./P\\3?L]?&/Q1X'UC4=0^V^%=0:T=Q.ZB=!GRI!D\JT94C\:\W
M@;,L9B*$L'3JJ/)JDXWT^\]3Q-RC`8/%PS"K1<E4NFU*RYEMTW9^O-U\&/BA
M+_P2`A^$$>H>$9?'HL/^$8:?^VHA;K8B8`G?G!;[+M39C@-TQQ7P,?\`@B)\
M8E4'^T?`LZQ8`4Z]"Q&1C^0_2OE=/'>MG2TTXZ[K(TZ*8W"6WVV3R4E90ID"
M9P&("@G&2`!VKI/@AX#\1_'[XP^'/!>B7^J2:IXGU"&R+I<.?*0L-\C8/2./
M>WL%-?48/)\5EL*DJ=>*C.3D_=_X.Q\3F7$.#S6="E.A)N$(TU:796[;MM?(
M_73_`((S_P#!,O7?V/-6\4^,/'$FD76OZTD=AIAL+CSH8;,#=(0>A+R!.1CA
M:^_T0^:&'`]/PKEO@]\,;'X-_"_0/"FFJQL?#MC#81%OO,B+MW'_`&B023W)
MKJQDNI'`&<U^(YMF53'8J6(K.[=TO1']+Y#E%#+,%#"8>-DK/?6[WN/HHHKS
MSW`HHHH`X/Q3^T1\/O!FO3:9KGCGP=H^IVX`FL[_`%JWMYDW*&&4=P<%6!Z=
MZHW?[4GPLF@*-\0_A_*&PNS^WK,Y&>F/,YK\-O\`@M/9QR?\%-?BD51!A],'
M`'_0,M#_`#)/XU\P"TMWEG'D0E?EP-@(]Z_5,'X>T:V#IXGVTDY1C*VG57/P
M;-_%G&87&U\(J$)*$I1ZZV=KO6VOH?MU^V#_`,$5OA;^U5H]]XN\`W$7A'Q5
MK$1N[>ZL+HG2=2=P65Y80&"J=V=T6T]#SBOR`_:*_9S\6?LM_%B^\)>,=,FT
M[5;!F$<R(XM+]./WL#LH+ISU/()K]_\`_@FWJ=IK/[`'P?GM)89HQX1T^)V7
M!'F)`J2`^^]7'U%?'O\`P<H>'M';X+_#76'$*Z_%X@FM83P)7MFM9&E]RJO'
M#[#?[UEPIQ%BZ68?V57?/"[BK[JW?^M#7CKA3!5LG6?8>"IU.6$I)?"^:RT\
MU?YGY$^<RR+.BF0+SP>XZ?K7[%_\&Y'Q@N?%W[/GC3P5=,LJ^"]8BEM&YRL%
MVC28&>WF1/T]:_'.0^5#L4`$<X'YU^HG_!M!9W">+?C%/EFM8K?28^O`<_:C
MC\LU]?QU1A4R>K.2^%Q:^]'P?AE6E#B&A"+TDIQ?FN5O\&D_D>D_\''OPF.O
M?L\^!?&<,3-/X7UR2TG8?P074/)/_;2&$?B*_'&-?+E=>F>GL<5_11_P5.^$
M+?'#_@G_`/$[2($#WL6D-J5H,9;S;5UN5`]-QBV\=F-?SN*5$<;D`ER"?7A1
MD?GG\J\_P]QG/EDJ4G=PD]/)Z_G<]3Q;P'L<Z6)BM*L$_FM'^"1]F?M2?'!_
M$'_!'/\`9Q\,M.DERNM:G#.@.=L=@TL,8]L)<0X]CQ7QDA`12>`H./;_`":T
M]1\?ZGK/@'0/#=R^[3/#UQ=W-HN3E'NA"9?U@7_.*9X,\)W7CSQAH^A6$;37
MNMW]OIUM&O5I)I5C4?\`?3"OL,#A886E**:5Y3D_^WI-_@K+Y'P6:8Z6-K0E
MJ[1A!=7[L5'\6FUZG[__`/!(/X0O\&O^">OPZLIXFBO=6L#K%SN7#;[F1YAG
MUPK(/H!7G?\`P5E_X)7P?MIZ/;^+O"4MG8_$70K;[/$)Y&2UU>W!SY,@56/F
M*,E&QUP#@'(^QO"GA:U\$^#=,TBT4QVFD6D5G"B`*H2-%4#'0#"CBO&?$/\`
MP4W^`7@_Q%?Z3J7Q1\*VVIZ7<RV=S`]UF2&5&*.IQW#`BOY]P>/QGU^6.PB;
MG=MV3?7KY']78W*,NIY1#*<?)*ERJ-V[:I+5>:W/Y[?B%\-?$7PE\33Z'XNT
M/5/#NLVKLLMC?V[P2CJ,C<-KJ>HV_6L*1?.W$EE#=5SC=7[\_%']J#]DW]LF
M"Q\$^)?%G@?Q6^JW45M96WG%9FG=U5!'(N'1BVT95AZ'@FOD_P#:[_X-Y)K*
MTU'7/@_K;S&/]Y%X9U<>8W^['=;LY[@.#T`SW'ZIEW'%*7+#,*;HS?=.S/P;
M-O#G$P<ZV55%7A'?E?O+U7^1^=G[/W[0WC7]F'QNGB/P%XCU#PYJ,?RR+`5:
M*<8PRR1ME)%([,#CJ,$`C]B_^"4?_!7:#]M3=X+\;1V.D?$>QA,RFV46]CK,
M>,Y@WR%VF"@LZ*N``Q'`X_$WQ1X5U3P=XBU#2=6L9M,U72+N6SOK60$2VTR'
M!1@./Q[UT/P!^*D_P4^.?@[Q=8N+:;0-8M;IW48)A$R^:O'4-&74CN":]3/>
M'<-F>&<TO?M[LOR7H>-PMQ;C<GQ,4I-TV[2CTML_G;8_IL\49;PWJ!)P#;RX
M&<$'801[U_+''*&C5>#D5_4SXED+>%[X[@Q^S2@G&.=M?RQ6ZX@A)')!KY/P
MTNH8FW>'_MW^9^B>-$N9X-]U/_VS_(]E_P""?P_XS>^$)QS_`,)7I_\`Z4)7
M])S??/U%?S5_\$^PW_#;OPC`9BQ\5Z?CG_IX2OZ3V8LX"L#D\\\]J\[Q*7+C
M:/\`@_5GH^#CME^)5OMK\C\9O^#D#_D[#P+_`-BR?_2F2OSO@.)`<9.#_*OT
M1_X./4+_`+6'@8`D?\4R?_2F2OSOMU*2@$\G_"OT'A!?\(]!]]/Q/RKQ`?\`
MPOXK_%^AU7A7X!>//'.@QZEH'@7QKK>EW&?*O=/T6ZN89-K,K`,B$'Y@1^=7
MC^RE\4S&$7X8_$E2.A/AJ^`'_D*OVM_X(6(&_P"":/@H'&X7&I`'.,`7]Q@#
MVJ]_P44_X*GZ1_P3X\7>&])O_"VH>)KCQ%:RW2_9[M(A"J,JXP03R6KYBMQA
MC?[0GE^$H*<H2:6NZ6I]CA_#S+H913S7'8F4(RC%[*UY=/D?B1'^RE\54*A?
MAC\26.>WAJ^/_M*OUM_X-\OA[XD^&/[)_B^S\3>']=\/7UUXNEN(HM2L9+62
M2,V=HN\!U5L90BO/3_P<L>'\!/\`A5>NEB<?\A*,#_T"OM']@G]L2P_;G^`L
M/CJQT.YT"W:^GL!:W$HE=/+(!)8`=>*\GBO,LTK8!T\9AE"+DM;GM<#Y)D=+
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MY'\\?[&4RG]LSX1%6MV8>,M((V9+?\?L/(K]]?\`@I+@?L`_&0':JMX1U+=G
MI_J'HXOP,J69X:G*K*3=M7:ZUZ'/P'F5.ID6/J2HQ7*FVDFE)<KT>NW3T9^7
M4'[/W[`OE,@^+7Q3*(#SN@R`3Q_RZ<G_`!KW?_@FY\'_`-DKPS^U]X>U#X5?
M$#Q]K?C6WM[U+.RU1XQ;S*;:19"Q6V0\1&1AAAR!UZ'\C8S`]FH,L38R.23W
M(_E7UU_P0V>,_P#!2[P*%E4EK/4\X)RV+&XK[/.<KG#`5I/$3=H2=FU9^Z]'
MIL]C\^R//*$\TPT%A(*]6"ND[J\XJZUW6Z\S]S_B_P#%_P`-_`;X>:EXI\7:
MK9:/H>D1>9<7-Q*L:IT"JI)&7)(``Y);`KX^^,O_``5?^`_Q9T%M+MOC+XT\
M&JZ[9&T*QBAN9\X.`\]O*5P.Z$5X?_P<H_&NXM[7X;_#NWO`EE?R76N:C'YB
MCS!&JQ0*PQR"SRG'K&/2ORF%S#.C#SX5.<@F11@^M?+<+<'X?$X*./Q$VI-Z
M6Z6/ON-?$'%8/,9Y?AX)PBK2O?5M>7:Y^@_B;X5_L(>,=8;4-9^+_P`9=5U"
M60R-/>W,4TTC'/4FS/)R0!W)QWKM/&__``3O_9$\!_"NT\:^)/%GQP\/^&]1
MO4LK.XU**.T-W(\32#RXWL@67:C'(';\:[3_`((&?L/>%]5^&K_&?Q!I\&K:
M_?W\\&A^;\T>G0P[H7=5R5+LVX;NH%=-_P`''][%;_LJ>"H,(C/XI5\$`*P%
MI,"3]"16L\QFLWCE6&JSLI6;NOPT."ADL8Y#/.L=AZ=W%.$;.^]KO7KOZ'S5
M'\`?V`F`!^*OQ9P",8,([_\`7E7V]_P1Y\"?`GP/HWCC_A1GBGQ-XDM+NZM&
MUIM88%H'6*00A,11@9!8GCG\*_",R1JJ%Y(2I/3<".OTK]8/^#9B1&\._&(1
MF,HU]I7`SG(AN?PZ8KT>+,IG3RJM.6(G/6.C:M\2\CS.`LZI5<\P]*.&A!OF
M7-%._P`+\_D?JA.QCC.!R.3Q7YQ_\%2OV8_V7?%O[1=EKOQ5^(FO^"/%FH:7
M&)K329H@MY$C,D4TBO"Y#`97C&0!Z9K]"O&WBC3_``-X6U#6=6NX['2]+MY+
MF[GE;:L4:KEF)/8#)K^:W]KW]I"[_:O_`&DO%WQ!NF3[-K5V18Q2']Y;V40\
MNW0]MWEE2<?Q,Y[FOC>!,IKXS%3JTZCA&"LVNM^A^B>)V=X;!82G0J4HU93=
MU&6R2ZGUO_PR=^PB0V/CKX^)QGA[?/3VM#^5?2'_``2U_9B_99\*_M,-KGPK
M^(FN^-?&&E:;,T5CJTT(^RQR#RY)TC6&-BP5BF6)PLA]:_'";+1,Y)P6"$A,
M)G&<?7'->A?LA_M(S_LF?M'^$O']ID#P_>`W:QCYY;.3*7,8]2T3/C_:VGM7
MZ-F608FIA*D8XF;;323:UTV>G78_(\GXJP5/&TJE3!4TE*.J3O&S6J\UNC^F
MP`.2.YZT[(W+@8S6+X&\7V/Q!\,Z?KNDW,=WI6KV\=W:S(VX2Q.NY6&/4$5L
M,"94(QQGZ5^!\O*W%JUG8_J>,U**G%W3LTUV)**3)!Y'%`<$@8/-,OF0M%%%
M!1^'?_!P'\`KWX<?MF1^.$BD;1/B%86Y$H0D1WEK%Y,D9;I\T2PL/H?2OA.)
MU@S(^W:<9STK^EG]JG]D_P`&_MD?".Y\(>+[&6YTZX83P30/Y-S93#[LL;@9
M5AT]""58%20?QH_:V_X(G_&']G+5+J?PYI5Q\0_#3R[+2718)KK48T)X\^`)
MG=S@M'E,<X';]JX,XIPU3"4\'B9J-2-DF]FEHC^9_$'@G%T,?6Q^&@Y4JC<M
M-6F]7?YW,+]C3_@KQ\4OV*OAR?!^BP:!XD\-6KL]I!JZW$LM@&)8I$T4JA8]
MQ)QC&23W->>_MJ?MU^.OV[O&-CK/C-]-M8=$B:+3],TX2K9VGF$%W42.Q+L%
M4,>I"CT%<)X@^!OCKPM<F'5O!/C+3IXOE*7FCSQ,.>F&08J]X8_9@^*'CF58
M]%^'/CW5///'V;0;F0,<<<A<?B37T]/`Y53Q#Q<%%3;;;NKZ[GQE;&YS6PRP
M=24W35O==[:;:6.(A`DE#,ZHJL`6;D#)ZU^X7_!`/]F^Z^#W['<WBG5;::TU
M;XD7W]JF.5-DD5K&IB@0@C(XWO@_\]/>OFW]@/\`X()ZWXB\267B?XU"'2]#
MB6.>#PY:7$B7EQ)R0MV0N$0$`[58[ONG@D']<-.T>VT;3;>TLHDMK>UC$4<<
M7"QJHP%'L!7Y_P`<\44,11_L["RO[UV^EET/UKPOX+Q.&K_VKC8<KM:">^NC
ME]UQ/$.B6OB'1+K3[J-9;2^B:WF0J&#HXVD$=",&OY@OB]\/KGX3?%3Q/X5N
ME=;CPQK-WIIW=66.5E#?B!G\:_J(Y:$$_*3G..*_`7_@MA\(E^$G_!17Q;)$
MACL_%EK::[``,)NDC,<N/^VL3L?=R>IKE\-L7;&U,/WC?[O^'.CQDP//@L/C
M(KX)./\`X$K_`/MOXGR<\@9B`H8MD\<'ZU])_P#!(7X7_P#"U_\`@HK\.+"2
M'S;?2+B;7+G*!DB%K&TD;'T_>K&`?4BOFV15D=`!M.<9'!Y-?IQ_P;;_``>&
MK?$_XD^.YX#MT>SMM!MI"N49IR9YMI]5$<.?:3WK]&XGQ2PV65JO]UKYRT7W
M7N?D/!N!>+SO#4%_,I/TC[S_``1^M\I!+("5)YXZ_3\J_G&_X*4?":?X*?MV
M?$W1KNT>,7.N3ZM;22+D307;&Y1E)Z@>:5_X!CM7]'LD8C!8*&;MQS7R!_P4
MR_X)7:%^W=H<.MZ;/#HGQ!T>$6^FZA(6$$\>1^YN453N49;:<$J3Z&OQ[@G.
MJ67XUO$.T9*S^_=^1_07B5P[7S7+8O"QO.G+F2\N75+S;L?A+X#\87GPU\;:
M'XBTN.,ZCH&HV^I6PQ@-)#*L@7CGDKC\:_;+PI_P7P^`FH_"V'5=6UK5=,\0
M-:^=<Z&-(O))H[C&3$LHC,?)X!W5^5/QL_X)R_&OX":_/IVN?#OQ/J$4!Q_:
M>BZ;-?Z?.?5'1,KVX85YA-\)_%<&HK!)X4\5)=,V!&VDS+*3C'"E,YQ[=*_5
M\XRW+<ZA2JU*B?+M9I:,_#<ASK.\AG4AA:;3E9-.+>JV-C]HWXPM^T#^T#XP
M\;2Z>NDMXGU.:[CM<@F!2PV`]"25`)..M2_LN?!R[_:#_:,\$>"K*,RR>(-4
MABE!3G[.KAYW('0")7ZUUWP3_P""=_QK^.?B6WT[1?ASXILXKAPIO]8TZ>RL
M$[Y:1DR!Q_",]*_7C_@EU_P28T3]A:U'B77+F+Q!\1]2MS!=WD18V=A&>L5N
MK*"!TRY&YN>@XK/.^(\'E>%=&E).5K12=[.VES3AKA',,YQZG5IM0YKSDU96
MO=KU?]>7UYKEJ+K0+R*,%R\+JHSDDE<8K^6:\TR?1-4N+&ZAD@N+"9[66*08
M>.1&96!^A3]:_JFF1(86`48ZX`YK\E?^"G7_``1&\2>)/B=J_P`0O@_#;ZG:
MZX[7NJ>'VG*W*W+,-\EI\H4JS,6968$'./2O@?#[.L/@ZM7#XB7*ZG+9O:ZO
M^=S]3\6.'\7C</1Q6%CS*ES)I:NSMK\K'YO?"/XD:A\'?B;X;\7Z1'!+J?A?
M4K?4[:.8$QR/%*KA6QS@[<?C7Z[?L"?\%N?$'[8W[4V@?#J_^'.DZ!;ZS;74
MKW]OK,EU)"\%N\N?+\I>&90,%N`>]?F#/^P?\<;*62%O@O\`%,LI*G;X;N67
MCT8*0P/K7UK_`,$;?V$_B_\`#;]NKPIXS\4^`?$WAKP]H]M?QRW&J6WV?:9+
M.:)`%;YLEG4=.]?<<48;+,5A)UYRBYPA*VNM[-JWS/S+@K%YS@\PHX?#J4:<
MZD.=6=K.23OIII<[3_@Y)^%-W;^*/AIX^@CGEL98+K0KHA<I`RE9HF)[;MTH
M_P"`BOS`0AY%YP3G';GM^M?TV_M&_LY^%OVH_A'JO@OQ=I_V_1]515;8WESV
M[JX9)8W`)5U8`@]#T(()!_%?]KS_`((G?%W]G'5[F?PQI-Q\1?"KSE+.728)
M;C4XHB>/M$*IDOR`6CRN.P[>1P/Q-AOJ<<!7ERR3T;V=SZ'Q.X0QD<?4S7#Q
MYJ=2S=MT[6=_NN=I_P`$N_\`@L7IO[&GP</P[\9>'M1U+1-.N)[C3M0TYO-F
M02R;WCDC8A1AV8@@]SQ7A_\`P4Q_;T/[?OQWL=>M-(ET30=#L#8:9#*VZ:=6
M?>TSCHN?E&T>@KQK7?@EXW\*W30:CX*\6Z=-$0"MSI%Q"R$'@89!WK1\*?LO
M?$_QU-&FC?#;Q[JCRG:AM-!N'W'_`'MF`.!DG@`5]5A<KRK#XR6/BX^T=[OF
M[[]3XK$9OGF(P$<LJ\SI1M9<O;;I?\3BQ<K;.7)`*\C*AN?3%?T"?\$?/@=>
M?`K]@#P1IVIPR6VHZS!)K5S"R;'A-Q*TBJP/\0B,8/N#7QK_`,$^/^"#6KW7
MB:Q\7?&]+6STRVV7-GX<M[AC--(.=MYF,#8,9V(PSC!R"0?UF@M8;:!8XECB
M6)0JK'P%`Z"OSSCSB'#8JG#`8=\RB[M]+KI<_5?"W@[%X*I+,\8N5RCRQB]]
M;7;^[0_)S]O#_@I5\/?@M^V#XY\+ZO\`LQ_#?QW>:/=0P3ZWJ/D?:]0)MHGW
M/NLY"2`RKDN<!0*\CO?^"M_PJFM9%_X8V^#X!&3D6I^G!L`#^)K9_P""C?\`
MP3/^-GQ@_;E^(GBKP[X(O]7T'7+R"6TN4E39(HM($.%8\89#^5>(S_\`!(#]
MHA(W9?AOJ.['&7C_`,:^FRW"9/\`4Z+G4M+EC=<[6RUTN?'YMF&?1QN(IT:7
MN\\G_#6S?>Q^_/P[UB+6?AIH.H6MI%817NGP3PV:,!':JT:L(EPH&U1QP.@Z
M"OQHUK_@K1\*;/Q)J4$G[(?PDNV2[E5IY9+96G99'4LR_8#@G&3R>:_9/X5Z
M%=^'/A5X;L+R)H[VQTRV@E0D91UB56''N,5^#?BK_@DA^T+J'B[5'B^'=]-!
M->W$R2QRHWF*TTC*>3G[ISR*^/X+P^`E*NL9+EM:WO6ONN_H?H/B5C<RI?5)
M8*',WS77*I6;46NCMU/=/V?/^"HOPS\:?M#^!=&L?V4?A5H-YK'B"PLK;4K+
M[/)<:?))<1HLR`62$,C,&!#`@C/:OU+_`&O/'%G\+_V7/B!XAU+0[/Q/IVAZ
M#=WMSI5YM-OJ44<3,\,FY6!5@"""I!S@]:_&K]F+_@E/\>?`W[37PYUS4_`%
M_9Z;HOB?3;Z[FED4+%%%=1.['!SPJFOV+_;=^'FK?%O]CCXF^&-$MOMNL:_X
M;OK"TA7K++)"RJO/KGO1Q70P$<PP\</*\=+OF;W:ZMZ:&'`^+S-Y5C77IVFD
MW'W$KOE>EDE?6Q^1TW_!7+X6E6"?L<_!U%*_=/V4,,C!/%CCK7O7_!,[_@H=
MX"_:!_;'\.^%-#_9O^'7P\U34+>],&NZ0(!<VH2VDD8#;:QDA@A0X8<,>O0_
M&,?_``2`_:)6,(/AOJZ+&A.?.C(;)STSP:^E/^"2_P#P3J^,/P&_;K\+^*_%
MO@K4=$\/Z7;7\<]U,T;*IEM)D3@$YR[*/QKZS-L+E'U"K*G4N^25O?;UL[==
M=3X'),PSYYKAHU*;M*I&_P"[2TYES._+I97UOH?0'_!8_P#:U\-_LI_$#P2/
M$'P)\$_%)?$%E<?9]3UY(3)9F%P3`K/;R'&)=V`<<GBOCH_\%;/AK<!D7]CW
MX*@L.5'V8%O;_CRK]3_^"A_[#&B?MV_`R?PY?SR6&LZ:YO=%U!)-AM+K;@;^
M#F-Q\K#!X.1R!7X9?'K]@WXP?LZ^(KS2_$WP^\02Q6KA1JVFZ;/<:9<GJ&CG
M"#'T;'->7P=/*\3@XX:JVJD;Z.32>O34^B\0X9UA,PJ5\/!.C4M9J*=K);Z7
M_P"`?;'[/W_!P9X>^&.F0Z`_P.TGP;X7M2[P0>&-03RK=F)9OW(@C0;G.3@C
MDD\FLKX[?\%\?#/QCODLM4_9[\(>+]#TZ4RV(\2W\<SJY&TR+&UM(J$CC(.<
M=Z^$_`_[,_Q(^)%XEMX=^'OCG6KB9PO^B:-/(@]2S[0J\9Y)[5]S:;_P0-\3
M:+^QGXHUK5575OB_>B!]&TRPO'6UTZ,31&1'#(-\QB\P$$E1U'.*];&Y7P]A
M*\:M32<FE=2>[Z[Z>IX.7YOQ;C\-+#4$W"G&[]U+1:V5UKY+J<#_`,/=?AHW
M(_8^^"S8Y`'V=NG.,&R[U]T_\$9_VK?#'[4>@>/IO#GPG\(_"@:%>64=S!H"
MQHFHM*DK*TA2*/<4"D#(.,XK\RX_^"0O[1$K<?#?5E(`+$21@9QV&:^\O^"&
M/[+WQ:_90\7?$72O'?A&^\/Z-XFM[.^MKB6167SXC+&8P5/!*R`_A7#Q1A\K
M665?JM1.2Y?M-[-/:YZ?!&-SAYS1CC*;5-\UWR);IK=)=3U;_@K1_P`%&?#/
M[(/AK1O"&L>"++XCW'C>&=+[1+ZY\BU%DN`6ES'(K+(QV[",$!NU?`7_``]/
M^"WED#]CCX4NX_O7%L1UZ_\`'E6G^WC^P_\`M)_M<_M7>*?&LWP\U=].GE%E
MHT68U%M8PY6(=<Y;EB/5LUY-IW_!'3]H>_U""W;X?WMHMS(L9FGE58H@3@LQ
M!S@9S5Y)E>4T,!#VU;WFKNTVM>UD_D1Q-GV>XG-*TL-0?(O=C>%[+:]VNNY^
M@.D:I\.-:_X)?7?QS3]ECX;J8D?58O#9M;8&6T2Y,'VDS&VR#Y(,GW3E1UKX
M_P#^'J/P<;:1^QO\)E!P2PGMSMR!M)_T$\<\\5^R?A_]G_P]I7[.-O\`#`VR
MR^&8-$_L`PLH^:W\GR6!XY)7/..]?AEXI_X(Y?M`Z!KVIZ=9^!+F^LK2[D@A
MNX9U(NHE8A),YS@IM_6O+X:Q67XNI6CBIN-IWC>4OA>RWZ?J>KQKE^;X&.%E
MA(*7-!*?+"/QK5MZ=5^1^GG_``2<_P""B_AC]L/0M9\)Z)X%L?AK)X)BA%EH
MUI="6W-BX;#Q[8HU0(_R[0.-XK['FO$M@=\@09Q\S8YQT'X<U^*?[!7[#/[2
M7[(O[6?A/QG%\/\`5(M/MY_L.LH9$99[*8A93D$YV@[_`/>1:_5O]M7X/P_&
MC]EKQSHKZ5'J]_-H5ZVFPN29%N_LTJPLA'*N&8`,.0:^;XGRW"4,Q4,-43IR
ML][M=_\`,^YX,SG,,1DTIXRFU5IW235N96TMV['I\6IQ7#%$=L9QPQ8]2.0.
M@XZYJ:TG\XHP(8.`WRG(`()Z]".V17P[XZ_91\6>#_BH[^!-!N=)TCQ'X6TK
MP=JD=JS1QVL%U+>->W2`$`2PXB&[J-]?3_['GA&\\!_LO_#S1-1@N+;4-'\.
MV5I<1S\R+(L*JX/ON7)^M>)B\%3IP52G._EU/I<#F5:K5]C6IM.S=^FC2_'<
M],HHHK@/9(WP[D$*0?SHD17`#`,!^-/VC.<#/TI<#T%*R6PDNY7-DG:.'\5&
M:0VD48.(U!/]U15G`]!1@>@H2,U1BG>R(Q$BH%QTZ>HIL@`0#:6.<#'7KUJ;
M`]!39<!,XYZ<=10KWU-5O<^/O^"EG_!41_\`@GKK7@VT/@UO%R>+DNVW1ZG]
MD:W\@Q9X\M@<B7VZ5^0?_!0/]N&__;^^.5MXQN]`@\,6^FZ='I=I8I=FZ=45
MY7+.^Q<D[Z_03_@X+_9R^(?QUU+X9W_@WPEK/BFRT&+45OFL83(+<S&V"97K
MSY9Z5^<?AW]@?XV^*=1CL[+X7^,YKB5@B*]BT(!]-TA5!^)%?L_!N#RRC@:>
M.32K6DFV]M^ES^;?$7'YO7S&KEJ4G1O'E5GJ^5+YZMGDIE-O)N`!8$;<],]L
M^V:_?'_@B3^SK=_L\?L(>'FU.VDM-9\93S>(KV&1</$)2$@1L\Y%ND.<]R:^
M.OV!_P#@@OXGUCQW8>)OC7#%HNEZ9.DT?AI&ANGU#&3B=XV9`FX#*\[AD'@U
M^O5C:16,<5O%#%##$-L<<:A40#H`!P.*\;CWB&AB81P6$ES*]VUMZ'TGA=PA
MB<)6EF>-CRNSC%/?7=_H3R@N",C/IVI%7Y?F501[<U+M&<X&:,9ZC-?F'(DC
M]LY=;W*\T$;8RA(/L*06<*J2(5!]E&:LX'H*,#T%4KKJ2Z:>Z7W$"V\94[8U
M0]CM`IR`*ZC()&:EQVQQ2;%SG:,_2FMAJ+2LA&QDY`(-(84Z[5/.>G-/P/04
M8'H*EQ3*:(WA3&"BG/J*8R;%W+@$>O2I\9ZC-!4$8(!!JD+D5GH1A@'P2@SV
M[TC1"0890Q]",BI"BDY*@GUQ2X[XYH;["Y6]RO\`9$_YY1_]\TC6R(I/EHH'
MHH!JS00",$`BA"]E'HB((JJ<@@'J3UI0%VJ/E/IGI4A`.00"#2;1QP./:L^7
MH]BTNHWRE+`LJDCIQ2.JL#E<_A4F,]1FC`]!5-$\A%'&B*<!1DYZ<T&!`V0H
M4GN``:EVCK@9HP#R0":&K[E6ZO4BB<-DE02/0<TAB0(%`&!T"]!BI@H7H`,T
M;0.@`H<4**:2(@F0<J!GVI6B1E8%4((P1C@CTJ2C`]!2Y7;E;!16Y"D.)-P.
M`.W:DEMEEX95<G^\,BI\#T%&.^.:=M;W$J:2L5UMXHR`(E!'?:`*D948<A-S
M=/4U(0#U`-)L7(.T9'3BC5[A&'+\)'Y2N3G8">N.](\";"<`]^<?2I=@'(`!
M^E+M&,8&#1:VQ5FM$1K&&PQ`#>O>D<]0P5D/7/-2X'H*"H/!`(HMK=B<;JQ'
M'&JD`!12/;QY+"-,N,$[1R*EP.N!D48[8XIV!QON1B-0I``!/H*18]H`*D^G
M'`J7&.@Q14V'RJ]V0HD<Q8%5*GM@=^OYTZ-P2N``*>J!>@`^@H"@=`!^%7<$
MNO46BBBD,****`"BBB@`I)!E"#T-%%*3T8$,I\I21UII!6`/N8GT)XZT444E
M>"OU.2JW[27DB6$;T!(Q]*8,1W:J``#D]/:BBJ45S./2Q<IR4(V>[1/1112.
M@****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
BHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`/_V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
