<SEC-DOCUMENT>0001140361-19-005404.txt : 20190322
<SEC-HEADER>0001140361-19-005404.hdr.sgml : 20190322
<ACCEPTANCE-DATETIME>20190322093053
ACCESSION NUMBER:		0001140361-19-005404
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		9
CONFORMED PERIOD OF REPORT:	20190425
FILED AS OF DATE:		20190322
DATE AS OF CHANGE:		20190322
EFFECTIVENESS DATE:		20190322

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GORMAN RUPP CO
		CENTRAL INDEX KEY:			0000042682
		STANDARD INDUSTRIAL CLASSIFICATION:	PUMPS & PUMPING EQUIPMENT [3561]
		IRS NUMBER:				340253990
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06747
		FILM NUMBER:		19698542

	BUSINESS ADDRESS:	
		STREET 1:		600 SOUTH AIRPORT ROAD
		STREET 2:		P.O. BOX 1217
		CITY:			MANSFIELD
		STATE:			OH
		ZIP:			44901
		BUSINESS PHONE:		419-755-1011

	MAIL ADDRESS:	
		STREET 1:		600 SOUTH AIRPORT ROAD
		STREET 2:		P.O. BOX 1217
		CITY:			MANSFIELD
		STATE:			OH
		ZIP:			44901
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>bp17976x1_def14a.htm
<DESCRIPTION>DEF 14A
<TEXT>
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        <div style="font-size: 14pt; font-family: &quot;Times New Roman&quot;; font-weight: bold; text-align: center;">UNITED STATES</div>
        <div style="font-size: 14pt; font-family: &quot;Times New Roman&quot;; font-weight: bold; text-align: center;">SECURITIES AND EXCHANGE COMMISSION</div>
        <div style="font-size: 12pt; font-family: &quot;Times New Roman&quot;; font-weight: bold; text-align: center;">Washington,&#160;D.C. 20549</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold; text-align: center;">&#160;</div>
        <div style="font-size: 18pt; font-family: &quot;Times New Roman&quot;; font-weight: bold; text-align: center;">SCHEDULE&#160;14A</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold; text-align: center;">PROXY STATEMENT PURSUANT TO SECTION&#160;14(a) OF THE SECURITIES</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold; text-align: center;">EXCHANGE ACT OF 1934</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold; text-align: center;">(Amendment No. &#160;&#160;&#160;&#160;)</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; text-align: left;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; text-align: left;">
          <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; text-align: left;">Filed by the Registrant&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Segoe UI Symbol&quot;,sans-serif;">&#9745;</font></div>
          <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; text-align: left;">Filed by a Party other than the Registrant&#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: &quot;Segoe UI Symbol&quot;,sans-serif;">&#9744;</font></div>
          <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; text-align: left;">Check the appropriate box:</div>
          <div style="text-align: left;">
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                  <td style="font-size: 10pt; font-family: &quot;Segoe UI Symbol&quot;,sans-serif; width: 27pt; vertical-align: top;">&#9744;</td>
                  <td style="width: auto; vertical-align: top; text-align: left;">
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Preliminary Proxy Statement</div>
                  </td>
                </tr>

            </table>
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          <div style="text-align: left;">
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                  <td style="font-size: 10pt; font-family: &quot;Segoe UI Symbol&quot;,sans-serif; width: 27pt; vertical-align: top;">&#9744;</td>
                  <td style="width: auto; vertical-align: top; text-align: left;">
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold;">Confidential, for Use of the Commission Only (as permitted by Rule&#160;14a-6(e)(2))</div>
                  </td>
                </tr>

            </table>
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          <div style="text-align: left;">
            <table id="zb7dd91015266468f8647d9807dc974ac" class="DSPFListTable" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; width: 1887px;" cellpadding="0" cellspacing="0">

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                  <td style="font-size: 10pt; font-family: &quot;Segoe UI Symbol&quot;,sans-serif; width: 27pt; vertical-align: top;">&#9745;</td>
                  <td style="width: auto; vertical-align: top; text-align: left;">
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Definitive Proxy Statement</div>
                  </td>
                </tr>

            </table>
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                  <td style="font-size: 10pt; font-family: &quot;Segoe UI Symbol&quot;,sans-serif; width: 27pt; vertical-align: top;">&#9744;</td>
                  <td style="width: auto; vertical-align: top; text-align: left;">
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Definitive Additional Materials</div>
                  </td>
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                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Soliciting Material Pursuant to &#167;240.14a-12</div>
                  </td>
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          <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; font-weight: bold; text-align: center;">&#160;</div>
          <div style="font-size: 24pt; font-family: &quot;Times New Roman&quot;; font-weight: bold; text-align: center;">The Gorman-Rupp Company</div>
          <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; text-align: center;">(Name of Registrant as Specified In Its Charter)</div>
          <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; text-align: center;">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</div>
          <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; text-align: center;">&#160;</div>
          <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; text-align: left;">Payment of Filing Fee (Check the appropriate box):</div>
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                    <div style="font-size: 10pt; font-family: &quot;Segoe UI Symbol&quot;,sans-serif; text-align: left;">&#9745;</div>
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                  <td style="width: auto; vertical-align: top;">
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; text-align: left;">No fee required.</div>
                  </td>
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                    <div style="font-size: 10pt; font-family: &quot;Segoe UI Symbol&quot;,sans-serif; text-align: left;">&#9744;</div>
                  </td>
                  <td style="width: auto; vertical-align: top;">
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; text-align: left;">Fee computed on table below per Exchange Act Rules&#160;14a-6(i)(1) and 0-11.</div>
                  </td>
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          <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; text-align: left;">&#160;</div>
          <div style="text-align: left;">
            <table id="za50976433b7d4d8fa0c676af0f30d257" class="DSPFListTable" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; width: 1887px;" cellpadding="0" cellspacing="0">

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                  <td style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; width: 27pt; vertical-align: top;">(1)</td>
                  <td style="width: auto; vertical-align: top; text-align: left;">
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Title of each class of securities to which the transaction applies:</div>
                  </td>
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                  <td style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; width: 27pt; vertical-align: top;">(2)</td>
                  <td style="width: auto; vertical-align: top; text-align: left;">
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Aggregate number of securities to which the transaction applies:</div>
                  </td>
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                  <td style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; width: 27pt; vertical-align: top;">(3)</td>
                  <td style="width: auto; vertical-align: top; text-align: left;">
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Per unit price or other underlying value of the transaction computed pursuant to Exchange Act Rule&#160;0-11 (set forth the amount on which the filing fee is calculated
                      and state how it was determined):</div>
                  </td>
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          <div><br>
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                  <td style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; width: 27pt; vertical-align: top;">(4)</td>
                  <td style="width: auto; vertical-align: top; text-align: left;">
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Proposed maximum aggregate value of the transaction:</div>
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                  <td style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; width: 27pt; vertical-align: top;">(5)</td>
                  <td style="width: auto; vertical-align: top; text-align: left;">
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Total fee paid:</div>
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                  <td style="width: auto; vertical-align: top; text-align: left;">
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Fee paid previously with preliminary materials.</div>
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          <div><br>
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          <div style="text-align: left;">
            <table id="z9576c058b76d42c3a94ac442579b436b" class="DSPFListTable" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; width: 1887px;" cellpadding="0" cellspacing="0">

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                  <td style="font-size: 10pt; font-family: &quot;Segoe UI Symbol&quot;,sans-serif; width: 27pt; vertical-align: top;">&#9744;</td>
                  <td style="width: auto; vertical-align: top; text-align: left;">
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Check box if any part of the fee is offset as provided by Exchange Act Rule&#160;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>
                  </td>
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          <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; text-align: left;">&#160;</div>
          <div style="text-align: left;">
            <table id="zc341be2b3a314af782cd6081dc00b68e" class="DSPFListTable" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; width: 1887px;" cellpadding="0" cellspacing="0">

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                  <td style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; width: 27pt; vertical-align: top;">(1)</td>
                  <td style="width: auto; vertical-align: top; text-align: left;">
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Amount Previously Paid:</div>
                  </td>
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          <div><br>
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          <div style="text-align: left;">
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                  <td style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; width: 27pt; vertical-align: top;">(2)</td>
                  <td style="width: auto; vertical-align: top; text-align: left;">
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Form, Schedule or Registration Statement No.:</div>
                  </td>
                </tr>

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          <div><br>
          </div>
          <div style="text-align: left;">
            <table id="z9681b7f2b0e8445e9d4c5ea7eb0125c3" class="DSPFListTable" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; width: 1887px;" cellpadding="0" cellspacing="0">

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                  <td style="width: 27pt;"><br>
                  </td>
                  <td style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; width: 27pt; vertical-align: top;">(3)</td>
                  <td style="width: auto; vertical-align: top; text-align: left;">
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Filing Party:</div>
                  </td>
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                  <td style="width: 27pt;"><br>
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                  <td style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; width: 27pt; vertical-align: top;">(4)</td>
                  <td style="width: auto; vertical-align: top; text-align: left;">
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;;">Date Filed:</div>
                  </td>
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          <div style="text-align: left;">&#160;</div>
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    <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><img src="bp17976x1def14a_image01.jpg">
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        <div><br>
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        <div style="font-size: 24pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: center;">THE GORMAN-RUPP COMPANY</div>
        <div style="font-size: 10pt;">&#160;</div>
        <table id="z230e6bee94084555af99597df46f1b44" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; width: 70%; border-collapse: collapse;" align="center" border="0" cellpadding="0" cellspacing="0">

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              <td style="font-size: 16pt; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(230, 231, 232);" colspan="2">
                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; text-align: center;">&#160;</div>
                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; text-align: center;">Notice of 2019 Annual Meeting of Shareholders</div>
              </td>
            </tr>
            <tr>
              <td style="font-size: 10pt; border-right: 2px solid rgb(0, 0, 0); vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(230, 231, 232);" colspan="2">&#160;</td>
            </tr>
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              <td style="width: 35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(230, 231, 232);">
                <div style="font-size: 12pt; font-family: &quot;Times New Roman&quot;,Times,serif;">600 South Airport Road</div>
                <div style="font-size: 12pt; font-family: &quot;Times New Roman&quot;,Times,serif;">Mansfield, OH&#160; 44903</div>
              </td>
              <td style="border-right: 2px solid rgb(0, 0, 0); width: 35%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(230, 231, 232);">
                <div style="font-size: 12pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: center;">April 25, 2019</div>
                <div style="font-size: 12pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: center;">10:00 a.m. Eastern Time</div>
                <div style="font-size: 12pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: center;">&#160;</div>
              </td>
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        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 16pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify;">Items of Business</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; text-indent: 14.4pt;">&#160;</div>
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                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; text-indent: 14.4pt;">&#160;</div>
              </td>
              <td style="font-size: 10pt; width: 3.17%; vertical-align: top;">
                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; text-align: center;">1.</div>
              </td>
              <td style="font-size: 10pt; width: 91%; vertical-align: top;">
                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify;">Fix the number of Directors of the Company at seven and to elect seven Directors to hold office until the next Annual Meeting of Shareholders and until
                  their successors are elected and qualified;</div>
              </td>
            </tr>

        </table>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; text-indent: 14.4pt;">&#160;</div>
        <table id="zbec365d26d4843abbde7a599aa0e9211" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; width: 100%; border-collapse: collapse;" cellpadding="0" cellspacing="0">

            <tr>
              <td style="font-size: 10pt; width: 6%; vertical-align: middle;">
                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; text-indent: 14.4pt;">&#160;</div>
              </td>
              <td style="font-size: 10pt; width: 3.17%; vertical-align: top;">
                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; text-align: center;">2.</div>
              </td>
              <td style="font-size: 10pt; width: 91%; vertical-align: top;">
                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify;">Approve, on an advisory basis, the compensation of the Company&#8217;s named Executive Officers;</div>
              </td>
            </tr>

        </table>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; text-indent: 14.4pt;">&#160;</div>
        <table id="z6107a07980af49fc831208be85d21384" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; width: 100%; border-collapse: collapse;" cellpadding="0" cellspacing="0">

            <tr>
              <td style="font-size: 10pt; width: 6%; vertical-align: middle;">
                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; text-indent: 14.4pt;">&#160;</div>
              </td>
              <td style="font-size: 10pt; width: 3.17%; vertical-align: top;">
                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; text-align: center;">3.</div>
              </td>
              <td style="font-size: 10pt; width: 91%; vertical-align: top;">
                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify;">Ratify the appointment of Ernst&#160;&amp; Young LLP as the independent registered public accounting firm for the Company during the year ending December&#160;31,
                  2019; and</div>
              </td>
            </tr>

        </table>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; text-indent: 14.4pt;">&#160;</div>
        <table id="z7c92282fe820424386400b9059674672" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; width: 100%; border-collapse: collapse;" cellpadding="0" cellspacing="0">

            <tr>
              <td style="font-size: 10pt; width: 6%; vertical-align: middle;">
                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; text-indent: 14.4pt;">&#160;</div>
              </td>
              <td style="font-size: 10pt; width: 3.17%; vertical-align: top;">
                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; text-align: center;">4.</div>
              </td>
              <td style="font-size: 10pt; width: 91%; vertical-align: top;">
                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify;">Conduct such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof.</div>
              </td>
            </tr>

        </table>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; text-align: left;"><font style="font-size: 16pt; font-family: &quot;Times New Roman&quot;,Times,serif;">Record Date</font><br>
        </div>
        <div style="font-size: 10pt; text-align: left;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif;">Close of business on March 4, 2019</font> <br>
        </div>
        <div style="font-size: 10pt;"><br>
        </div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify; text-indent: 14.4pt;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Important Notice Regarding the
            Internet Availability of Proxy Materials for the Annual Meeting of Shareholders to be held on April&#160;25, 2019 &#8212;</font> This Notice of Annual Meeting of Shareholders, Proxy Statement and related Proxy Card and the Company&#8217;s 2018 Annual Report to
          Shareholders are available at <font style="font-family: &quot;Times New Roman&quot;,Times,serif;"><u>http://www.proxyvote.com</u></font>. <font style="font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">To access the proxy
            materials you will need to enter the 16-digit control number located on the proxy card.</font></div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: justify; text-indent: 14.4pt;">You may vote by internet by following the instructions on the enclosed proxy card, or by signing and
          submitting your enclosed proxy card and returning it in the enclosed envelope (which requires no postage if mailed in the United States), regardless of whether you plan to attend the Annual Meeting.</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left;">&#160;</div>
        <table id="z1f4bb62ed9b34edeb54cdfb08a9b4aa0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; width: 100%; border-collapse: collapse;" cellpadding="0" cellspacing="0">

            <tr>
              <td style="font-size: 10pt; width: 50%; vertical-align: top;">&#160;</td>
              <td style="font-size: 10pt; width: 50%; vertical-align: top;">
                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left;">By Order of the Board of Directors</div>
              </td>
            </tr>
            <tr>
              <td style="font-size: 10pt; width: 50%; vertical-align: middle;">&#160;</td>
              <td style="font-size: 10pt; width: 50%; vertical-align: middle;">&#160;</td>
            </tr>
            <tr>
              <td style="font-size: 10pt; width: 50%; vertical-align: top;">&#160;</td>
              <td style="font-size: 10pt; width: 50%; vertical-align: top;">
                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; font-style: italic; text-align: left;">BRIGETTE A. BURNELL</div>
              </td>
            </tr>
            <tr>
              <td style="font-size: 10pt; width: 50%; vertical-align: bottom;">&#160;</td>
              <td style="font-size: 10pt; width: 50%; vertical-align: bottom;">
                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left;">General Counsel and Corporate Secretary</div>
              </td>
            </tr>

        </table>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left;">March 22, 2019</div>
        <div id="DSPFPageBreakArea" style="margin-bottom: 10pt; clear: both; margin-top: 10pt;">
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr style="border-width: 0px; height: 2px; width: 100%; color: rgb(0, 0, 0); clear: both; margin: 4px 0px; background-color: rgb(0, 0, 0);" noshade="noshade"> </div>
        </div>
        <!--PROfilePageNumberReset%Num%2%%%-->
        <div style="font-size: 16pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left;">Summary of Annual Meeting Proposals</div>
        <div style="font-size: 10pt;"><br>
        </div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; text-indent: 36pt;">This summary highlights information contained elsewhere in this Proxy Statement.&#160; It does not contain all of the information
          you should consider.&#160; You should read the entire Proxy Statement before voting.</div>
        <div style="font-size: 10pt;"><br>
        </div>
        <div style="font-size: 10pt;"><br>
        </div>
        <table id="zf370b8c612124b10b5bc7b541a84dbf5" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; width: 100%; border-collapse: collapse;" cellpadding="0" cellspacing="0">

            <tr>
              <td style="font-size: 10pt; width: 8.88%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="font-size: 10pt; width: 60.67%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: left; margin-left: 9pt;">Proposal</div>
              </td>
              <td style="width: 30.45%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: center;">Recommendation</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: center;">of the Board</div>
              </td>
            </tr>
            <tr>
              <td style="border-top: 2px solid rgb(0, 0, 0); width: 8.88%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="font-size: 10pt;">&#160;</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: left; margin-left: 9pt;">1.</div>
              </td>
              <td style="border-top: 2px solid rgb(0, 0, 0); width: 60.67%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="font-size: 10pt;">&#160;</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: left; margin-left: 9pt;">Election of Directors</div>
                <div style="font-size: 10pt;">&#160;</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-style: italic; text-align: left; margin-left: 9pt;">Seven Director Nominees:</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; text-indent: 36pt;">Jeffrey S. Gorman, President and Chief Executive Officer</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; text-indent: 36pt;">M. Ann Harlan (Independent)</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; text-indent: 36pt;">Thomas E. Hoaglin (Independent)</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; text-indent: 36pt;">Christopher H. Lake (Independent)</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; text-indent: 36pt;">Sonja K. McClelland (Independent)</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; text-indent: 36pt;">Kenneth R. Reynolds (Independent)</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; text-indent: 36pt;">Rick R. Taylor (Independent)</div>
                <div style="font-size: 10pt;">&#160;</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; margin-left: 9pt;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif; font-style: italic;">Director Term: </font>One Year</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; margin-left: 9pt;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif; font-style: italic;">Director Election:</font>&#160;
                  Plurality of votes cast</div>
                <div style="font-size: 10pt;">&#160;</div>
              </td>
              <td style="border-top: 2px solid rgb(0, 0, 0); width: 30.45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="font-size: 10pt;">&#160;</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; font-style: italic; text-align: center;">FOR each of the nominees</div>
              </td>
            </tr>
            <tr>
              <td style="border-top: 2px solid rgb(0, 0, 0); width: 8.88%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="font-size: 10pt;">&#160;</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: left; margin-left: 9pt;">2.</div>
              </td>
              <td style="border-top: 2px solid rgb(0, 0, 0); width: 60.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="font-size: 10pt;">&#160;</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: left; margin-left: 9pt;">Advisory Vote on the Compensation of the Company&#8217;s Named Executive Officers</div>
                <div style="font-size: 10pt;">&#160;</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-style: italic; text-align: left; margin-left: 9pt;">Compensation Highlights:</div>
                <div style="font-size: 10pt;">&#160;</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; margin-left: 9pt;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif; font-style: italic;">Pay for Performance:&#160; </font>Yes<br>
                  <font style="font-family: &quot;Times New Roman&quot;,Times,serif; font-style: italic;">Recoupment Policy:&#160; </font>Yes</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; margin-left: 9pt;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif; font-style: italic;">Prohibit Pledging and Hedging:&#160;
                  </font>Yes</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; margin-left: 9pt;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif; font-style: italic;">Utilize Performance-Based
                    Restricted Shares:&#160; </font>Yes</div>
                <div style="font-size: 10pt;">&#160;</div>
              </td>
              <td style="border-top: 2px solid rgb(0, 0, 0); width: 30.45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="font-size: 10pt;">&#160;</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; font-style: italic; text-align: center;">FOR</div>
              </td>
            </tr>
            <tr>
              <td style="border-top: 2px solid rgb(0, 0, 0); width: 8.88%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="font-size: 10pt;">&#160;</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: left; margin-left: 9pt;">3.</div>
              </td>
              <td style="border-top: 2px solid rgb(0, 0, 0); width: 60.67%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="font-size: 10pt;">&#160;</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: left; margin-left: 9pt;">Ratification of Appointment of Ernst &amp; Young LLP as the Company&#8217;s Independent Registered Public
                  Accounting Firm</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: left; margin-left: 9pt;">&#160;</div>
              </td>
              <td style="border-top: 2px solid rgb(0, 0, 0); width: 30.45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="font-size: 10pt;">&#160;</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; font-style: italic; text-align: center;">FOR</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; font-style: italic; text-align: center;">&#160;</div>
              </td>
            </tr>

        </table>
        <div id="DSPFPageBreakArea" style="margin-bottom: 10pt; clear: both; margin-top: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal; font-style: normal;">2</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr style="border-width: 0px; height: 2px; width: 100%; color: rgb(0, 0, 0); clear: both; margin: 4px 0px; background-color: rgb(0, 0, 0);" noshade="noshade"> </div>
        </div>
        <div style="font-size: 12pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: center;">PROXY STATEMENT</div>
        <div style="font-size: 12pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: center;">March 22, 2019</div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: center;">SOLICITATION AND REVOCATION OF PROXIES</div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify; text-indent: 14.4pt;">This Proxy Statement is being furnished to shareholders of The Gorman-Rupp Company (the &#8220;Company&#8221;) in connection with the
          solicitation by the Board of Directors of the Company (the &#8220;Board of Directors&#8221; or &#8220;Board&#8221;) of proxies for use at the Annual Meeting of the Shareholders (the &#8220;Meeting&#8221;) to be held at the Company&#8217;s Corporate Headquarters, 600 South Airport Road,
          Mansfield, Ohio, at 10:00&#160;a.m., Eastern Time, on Thursday, April 25, 2019. Holders of Common Shares of record at the close of business on March 4, 2019 are the only shareholders entitled to notice of and to vote at the Meeting.</div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify; text-indent: 14.4pt;">A shareholder, without affecting any vote previously taken, may revoke their proxy by the execution and delivery to the
          Company of a later-dated proxy with respect to the same shares, or by giving notice of revocation to the Company in writing or at the Meeting. The presence at the Meeting of the person appointing a proxy does not in and of itself revoke the
          appointment.</div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: center; text-indent: 14.4pt;">OUTSTANDING SHARES&#160;AND VOTING RIGHTS</div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify; text-indent: 14.4pt;">As of March 4, 2019, the record date for the determination of persons entitled to vote at the Meeting, there were
          26,117,045 Common Shares outstanding. Each Common Share is entitled to one vote on each proposal.</div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify; text-indent: 14.4pt;">The mailing address of the principal executive office of the Company is P.O. Box 1217, Mansfield, Ohio 44901-1217. This
          Proxy Statement and accompanying proxy card are being mailed to shareholders on or about March 22, 2019.</div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify; text-indent: 14.4pt;">A quorum will be present at the Meeting if there are present, in person or by proxy, shareholders of record entitled to
          exercise at least 50% of the voting power of the Company with respect to at least one of the purposes for which the Meeting was called.</div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify; text-indent: 14.4pt;">With respect to the election of Directors (Proposal No.&#160;1), the seven nominees receiving the greatest number of votes will
          be elected. Abstentions and broker non-votes will not be voted for or withheld from the election of directors and thus will have no effect on the election of directors.</div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify; text-indent: 14.4pt;">If notice in writing is given by any shareholder to the President, a Vice President or the Secretary of the Company, not
          less than 48&#160;hours before the time fixed for the holding of the Meeting, that such shareholder desires that the voting for the election of Directors be cumulative, and if announcement of the giving of such notice is made upon the convening of the
          Meeting by the Chairman or Secretary or by or on behalf of the shareholder giving such notice, each shareholder shall have the right to cumulate such voting power as the shareholder possesses at such election. Under cumulative voting, a
          shareholder controls voting power equal to the number of votes which the shareholder otherwise would have been entitled to cast multiplied by the number of Directors to be elected. All of such votes may be cast for a single nominee or may be
          distributed among any two or more nominees as the shareholder may desire. If cumulative voting is invoked, and unless contrary instructions are given by a shareholder who signs a proxy, all votes represented by such proxy will be divided evenly
          among the candidates nominated by the Board of Directors, except that if such voting should for any reason not be effective to elect all of the nominees named in this Proxy Statement, then such votes will be cast so as to maximize the number of
          the Board of Directors&#8217; nominees elected to the Board.</div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify; text-indent: 14.4pt;">With respect to the advisory vote to approve the compensation of the Company&#8217;s named Executive Officers (Proposal No.&#160;2),
          and the ratification of the independent registered public accounting firm (Proposal No.&#160;3), the affirmative vote of a majority of the votes cast is necessary to approve each such proposal. Abstentions and broker non-votes will not be voted for or
          against such proposals and will not be counted in the number of votes cast on such proposals.</div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify; text-indent: 14.4pt;">Brokerage firms have the authority to vote shares on certain &#8220;routine&#8221; matters when their customers do not provide voting
          instructions. However, on other matters, when the brokerage firm has not received voting instructions from its customers, the brokerage firm cannot vote the shares on that matter and a &#8220;broker non-vote&#8221; occurs. Proposal No.&#160;3 is a routine matter,
          but the other proposals in this Proxy Statement are non-routine matters.</div>
        <div id="DSPFPageBreakArea" style="margin-bottom: 10pt; clear: both; margin-top: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal; font-style: normal;">3</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr style="border-width: 0px; height: 2px; width: 100%; color: rgb(0, 0, 0); clear: both; margin: 4px 0px; background-color: rgb(0, 0, 0);" noshade="noshade"> </div>
        </div>
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            <tr>
              <td style="width: 70%; vertical-align: middle; background-color: rgb(241, 241, 241);">
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: center;">Our Board of Directors recommends that you vote</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: center;">FOR the election of each of the 2019 director nominees</div>
              </td>
            </tr>

        </table>
        <div style="font-size: 10pt;"><br>
        </div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: center;">ELECTION OF DIRECTORS</div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: center;">(Proposal&#160;No.&#160;1)</div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify; text-indent: 14.4pt;">All Directors will be elected to hold office until the next Annual Meeting of Shareholders and until their successors are
          elected and qualified. Proxies received will be voted in the manner directed therein. If no such direction is provided, proxies received are intended to be voted in favor of fixing the number of Directors at seven and for the election of the
          nominees named below. Each of the nominees, with the exception of Ms. Sonja K. McClelland, is presently a Director of the Company.</div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify; text-indent: 14.4pt;">Each of the Director nominees has indicated a willingness to serve if elected.&#160; However, in the event that any of the
          nominees should become unavailable, which the Board of Directors does not anticipate, proxies are intended to be voted in favor of fixing the number of Directors at a lesser number equal to the number of available Board-designated nominees or for
          the election of a substitute nominee or nominees designated by the Board of Directors, in the discretion of the persons appointed as proxy holders. If cumulative voting in the election of directors is invoked at a time when any of the nominees
          become unavailable, unless contrary instructions are given by a shareholder who signs a proxy, all votes represented by such proxy will be divided evenly among the available candidates nominated by the Board, except that, the proxies may be voted
          cumulatively for less than the entire number of candidates nominated by the Board if any situation arises which, in the opinion of the proxy holders, makes such action necessary or desirable.</div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify; text-indent: 14.4pt;">On January 23, 2019, James C. Gorman and W. Wayne Walston each notified the Company of their intent not to stand for
          re-election as Directors at the Meeting, at which time their respective terms as Directors will expire.</div>
        <div style="font-size: 10pt;"><br>
        </div>
        <div style="font-size: 10pt; text-align: center;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold;">Director Nominees</font><br>
        </div>
        <br>
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<td style="BORDER-TOP: #000000 2px solid; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; background-color: rgb(241, 241, 241)"><div><img src="bp17976x1def14a_image02.jpg"></div>
              </td>
              <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; WIDTH: 33%; BORDER-BOTTOM: #000000 2px solid; background-color: rgb(241, 241, 241)">
                <div style="font-size: 12pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; margin-left: 18pt;">Jeffrey S. Gorman</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; margin-left: 18pt;">Age:&#160; 66</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; margin-left: 18pt;">Director of the Company since 1989</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; margin-left: 18pt;">President and Chief Executive Officer</div>
              </td>

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			<td style="WIDTH: 50%; PADDING-BOTTOM: 2px">
			<div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify;">Jeffrey S. Gorman is President and Chief Executive Officer of the Company. He was elected to these offices on May&#160;1, 1998, after having served
          as Senior Vice President since 1996. He also served as General Manager of Gorman-Rupp Pumps USA from 1989 through 2005 after service as Assistant General Manager from 1986 to 1988. Additionally, he held the office of Corporate Secretary from 1982
          to 1990. Mr.&#160;Gorman is a member of the Board of Directors of Mechanics Bank, Mansfield, Ohio and former Chairman of the Ohio Chamber of Commerce.</div>
			</td>
          </tr>
        </table>
		<div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify; text-indent: 14.4pt;">Mr.&#160;Gorman has been instrumental in continuing the Company&#8217;s development and growth for more than 30&#160;years, especially
          with respect to its acquisitions and its international growth. He is highly knowledgeable about the pump industry and the Company&#8217;s products, customers and competitors.</div>
        <div style="font-size: 10pt;"><br>
        </div>
        <div style="font-size: 10pt;">
          <table id="zd7277ece917e43ebbedf3903240c4dd5" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; width: 100%; border-collapse: collapse;" cellpadding="0" cellspacing="0">

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<td style="BORDER-TOP: #000000 2px solid; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; background-color: rgb(241, 241, 241)"><div><img src="bp17976x1def14a_image03.jpg"></div>
                </td>
                <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; WIDTH: 33%; BORDER-BOTTOM: #000000 2px solid; background-color: rgb(241, 241, 241)">
                  <div>
                    <div style="font-size: 12pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: left; margin-left: 27pt; text-indent: -9pt;">M. Ann Harlan</div>
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; margin-left: 27pt; text-indent: -9pt;">Age:&#160; 59</div>
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; margin-left: 27pt; text-indent: -9pt;">Director of the Company since 2009</div>
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; margin-left: 27pt; text-indent: -9pt;">Independent</div>
                  </div>
                </td>
				<td style="WIDTH: 1%; PADDING-BOTTOM: 2px">&#160;</td>
			<td style="WIDTH: 50%; PADDING-BOTTOM: 2px">
			<div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify;">M.&#160;Ann Harlan is the retired Vice President and General Counsel of the J.M. Smucker Company (&#8220;Smucker&#8221;), a New York Stock Exchange (&#8220;NYSE&#8221;)
          publicly-traded food manufacturer. From January 1998 to January 2011, Ms.&#160;Harlan was a member of the Smucker executive management team responsible for setting and implementing corporate strategy and has broad experience with corporate governance
          issues and requirements of the NYSE, the Securities and Exchange Commission (&#8220;SEC&#8221;) and the Sarbanes-Oxley Act of 2002. In addition, Ms.&#160;Harlan serves on the Board of Directors of Cleveland Cliffs Inc., a NYSE listed mining company (CLR), the
          Board of University Hospitals Health System, Inc., and the Board of Directors of FlavorX, a privately held supplier of flavorings.&#160; From 2012 until 2019, she was a member of the Advisory Board of Gates Group Capital Partners.&#160; From 2010 until its
          sale to Archer Daniels Midland in 2015, Ms.&#160;Harlan was also a Director of Eatem Foods Company.</div>
			</td>
              </tr>

          </table>
        </div>
        <div><br>
        </div>

        <div id="DSPFPageBreakArea" style="margin-bottom: 10pt; clear: both; margin-top: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: normal; font-style: normal;">4</font></div>
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        </div>
        <div style="font-size: 10pt; text-align: justify; text-indent: 14.4pt;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif;">Ms.&#160;Harlan has 13&#160;years of experience as senior legal counsel at Smucker, which has significant family
            ownership and family senior management generally comparable to the ownership structure of the Company. She has extensive mergers and acquisition experience with Smucker and 15&#160;years prior related experience with a major law firm. She also has
            broad experience with public company governance issues, audit matters, executive compensation and equity compensation plan development and administration as well as human resources issues.</font><br>
        </div>
        <br>
        <table id="z2ecbe7395abc4e2bbf5aac390ff78a79" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; width: 100%; border-collapse: collapse;" cellpadding="0" cellspacing="0">

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              <td style="BORDER-TOP: #000000 2px solid; WIDTH: 1%; BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; background-color: rgb(241, 241, 241)">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; background-color: rgb(241, 241, 241)"><div><img src="bp17976x1def14a_image04.jpg"></div>
              </td>
              <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; WIDTH: 33%; BORDER-BOTTOM: #000000 2px solid; background-color: rgb(241, 241, 241)">
                <div style="font-size: 12pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; margin-left: 27pt; text-indent: -9pt;">Thomas E. Hoaglin</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; margin-left: 27pt; text-indent: -9pt;">Age:&#160; 69</div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; margin-left: 27pt; text-indent: -9pt;">Director of the Company since 1993 <font style="font-family: &quot;Times New Roman&quot;,Times,serif;">and previously
                    served as a Director from 1986 - 1989</font></div>
                <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; margin-left: 27pt; text-indent: -9pt;">Independent</div>
              </td>
			  <td style="WIDTH: 1%; PADDING-BOTTOM: 2px">&#160;</td>
			<td style="WIDTH: 50%; PADDING-BOTTOM: 2px">
			 <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify;">Thomas E. Hoaglin served as Chairman, President and Chief Executive Officer of Huntington Bancshares, Inc., a publicly-traded financial
          institution, from 2001 to January 2009 and retired in February 2009. Mr.&#160;Hoaglin is currently a Director of American Electric Power Company, Inc., a NYSE publicly traded electric utility holding company, where he is the Lead Independent Director,
          Chair of the Committee on Directors and Corporate Governance and also serves on the Audit Committee, Executive Committee and Policy Committee. Mr.&#160;Hoaglin is a Director of The Jeffrey Company and serves as member of the National Association of
          Corporate Directors Nominating and Governance Committee Chair Advisory Council.</div>
			</td>
            </tr>

        </table>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify; text-indent: 14.4pt;">Mr.&#160;Hoaglin qualifies as an &#8220;audit committee financial expert&#8221; under SEC rules, in connection with his service as Chair of
          the Audit Committee. He has extensive major-corporation executive management experience and extensive board of directors&#8217; experience in governance and executive compensation matters of publicly-held companies.</div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt;">
          <table id="zd86c87825b444777bbe3a95903577a0f" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; width: 100%; border-collapse: collapse;" cellpadding="0" cellspacing="0">

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                <td style="BORDER-TOP: #000000 2px solid; WIDTH: 1%; BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; background-color: rgb(241, 241, 241)">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; background-color: rgb(241, 241, 241)"><div><img src="bp17976x1def14a_image05.jpg"></div>
                </td>
                <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; WIDTH: 33%; BORDER-BOTTOM: #000000 2px solid; background-color: rgb(241, 241, 241)">
                  <div>
                    <div style="font-size: 12pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: left; margin-left: 27pt; text-indent: -9pt;">Christopher H. Lake</div>
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; margin-left: 27pt; text-indent: -9pt;">Age:&#160; 54</div>
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; margin-left: 27pt; text-indent: -9pt;">Director of the Company since 2000</div>
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; margin-left: 27pt; text-indent: -9pt;">Independent</div>
                  </div>
                </td>

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			<td style="WIDTH: 50%; PADDING-BOTTOM: 2px">
			<div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify;">Christopher H. Lake has been President and Chief Operating Officer of SRI Quality System Registrar, an international third party ISO registrar
          and certification audit firm, since December 2005, after having served as Vice President from July to December 2005. The firm has operations in the United States, Asia and the European Union. Mr.&#160;Lake served as President of Dean&#160;&amp; Lake
          Consulting, Inc., a regional consulting group that focused on operations and product development from 2001 to July 2005. Previously, Mr.&#160;Lake was Principal and Industry Executive for a <font style="font-family: &quot;Times New
            Roman&quot;,Times,serif; font-style: italic;">Fortune 500 </font>global consulting company.</div>
			</td>
              </tr>

          </table>
        </div>

        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify; text-indent: 14.4pt;">Mr.&#160;Lake has major corporate service and operations experience with large service, banking and telecommunications clients.
          He also has extensive experience providing information technology services to large domestic and international companies.</div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt;">
          <table id="z1206397d6fd340239e938a6a79fe5713" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; width: 100%; border-collapse: collapse;" cellpadding="0" cellspacing="0">

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                <td style="BORDER-TOP: #000000 2px solid; WIDTH: 1%; BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; background-color: rgb(241, 241, 241)">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; background-color: rgb(241, 241, 241)"><div><img src="bp17976x1def14a_image06.jpg"></div>
                </td>
                <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; WIDTH: 33%; BORDER-BOTTOM: #000000 2px solid; background-color: rgb(241, 241, 241)">
                  <div>
                    <div style="font-size: 12pt; font-family: &quot;Times New Roman&quot;,Times,serif; font-weight: bold; text-align: left; margin-left: 18pt;">Sonja K. McClelland</div>
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; margin-left: 18pt;">Age:&#160; 47</div>
                    <div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: left; margin-left: 18pt;">Independent</div>
                  </div>
                </td>

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			<td style="WIDTH: 50%; PADDING-BOTTOM: 2px">
			<div style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; text-align: justify; ">Sonja K. McClelland is the Executive Vice President, Secretary, Treasurer and Chief Financial Officer of Hurco Companies,
          Inc. (&#8220;Hurco&#8221;), a NASDAQ publicly-traded international industrial technology company that designs, manufactures and sells computerized machine tools.&#160; Ms. McClelland has worked for Hurco in various finance and accounting roles since September
          1996 most recently serving as Executive Vice President since 2017;&#160; Secretary, Treasurer and Chief Financial Officer since March 2014 and&#160; Principal Financial and Accounting Officer since her appointment to Corporate Controller and Assistant
          Secretary in November 2004.&#160; Prior to joining Hurco, Ms. McClelland was employed by an international public accounting firm following her graduation from college.</div>
			</td>
              </tr>

          </table>
        </div>
        <div style="font-size: 10pt;">&#160;</div>
        <div style="font-size: 10pt; text-indent: 18pt;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif;">Ms. McClelland is a senior financial executive with 26 years of experience in public accounting and financial reporting
            responsibilities and qualifies as an &#8220;audit committee financial expert&#8221; under SEC rules for service on the Audit Committee.&#160; She is a versatile business professional with a diverse background in corporate accounting and finance, manufacturing
            operations, investor relations,&#160; strategic planning, acquisitions and divestitures, complex international organizational structures, transfer-pricing and international tax strategies, foreign currency risk management, SEC reporting, compliance
            risk management, systems implementations, and corporate governance matters.</font><br>
        </div>
      </div>
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      <div><br>
        <table id="zf9161a43e77d4ca4a8dbd1ba337806bc" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellpadding="0" cellspacing="0">

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              <td style="BORDER-TOP: #000000 2px solid; WIDTH: 1%; BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; background-color: rgb(241, 241, 241)">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; background-color: rgb(241, 241, 241)"><div><img src="bp17976x1def14a_image07.jpg"></div>
              </td>
              <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; WIDTH: 33%; BORDER-BOTTOM: #000000 2px solid; background-color: rgb(241, 241, 241)">
                <div style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman',Times,serif; FONT-WEIGHT: bold; MARGIN-LEFT: 18pt">Kenneth R. Reynolds</div>
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman',Times,serif; MARGIN-LEFT: 18pt">Age:&#160; 60</div>
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman',Times,serif; MARGIN-LEFT: 18pt">Director of the Company since 2014</div>
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman',Times,serif; MARGIN-LEFT: 18pt">Independent</div>
              </td>
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			<td style="WIDTH: 50%; PADDING-BOTTOM: 2px">
			  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman',Times,serif; TEXT-ALIGN: justify">Kenneth R. Reynolds serves on the Board of Directors of Ariel Corporation in addition to being the company&#8217;s Executive Vice President and Treasurer.&#160; He
          previously served as its Chief Financial Officer from 1997 to 2016.&#160; Ariel has been a major designer and manufacturer of a wide variety of compressors for diverse global petroleum markets for over 50 years. Its compressors are in service
          worldwide in refineries, gas fields, pipeline service and gas gathering, making it a world leader in gas compression. Previously, Mr.&#160;Reynolds, a Certified Public Accountant, was a partner with a regional public accounting firm which he joined
          following his college graduation.</div>
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        </table>
        <div style="FONT-SIZE: 10pt">&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman',Times,serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Mr.&#160;Reynolds has over 30 years of financial systems management and reporting experience and qualifies as an &#8220;audit committee
          financial expert&#8221; under SEC rules for service on the Audit Committee. Additionally, Mr.&#160;Reynolds has extensive international <font style="FONT-FAMILY: &quot;Times New Roman&quot;,Times,serif; FONT-STYLE: italic">Fortune 500</font> customer
          experience with major petroleum producers and capital goods manufacturers.</div>
        <br>
        <table id="z3c1a15ddf42348eca3aa6dbae89af83e" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; BORDER-COLLAPSE: collapse" border="0" cellpadding="0" cellspacing="0">

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              <td style="BORDER-TOP: #000000 2px solid; WIDTH: 1%; BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; background-color: rgb(241, 241, 241)">&#160;</td>
<td style="BORDER-TOP: #000000 2px solid; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; background-color: rgb(241, 241, 241)"><div><img src="bp17976x1def14a_image08.jpg"></div>
              </td>
              <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; WIDTH: 33%; BORDER-BOTTOM: #000000 2px solid; background-color: rgb(241, 241, 241)">
                <div style="FONT-SIZE: 12pt; FONT-FAMILY: 'Times New Roman',Times,serif; FONT-WEIGHT: bold; MARGIN-LEFT: 18pt">Rick R. Taylor</div>
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman',Times,serif; MARGIN-LEFT: 18pt">Age:&#160; 71</div>
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman',Times,serif; MARGIN-LEFT: 18pt">Director of the Company since 2003</div>
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman',Times,serif; MARGIN-LEFT: 18pt">Independent</div>
              </td>
			  <td style="WIDTH: 1%; PADDING-BOTTOM: 2px">&#160;</td>
			<td style="WIDTH: 50%; PADDING-BOTTOM: 2px">
			  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman',Times,serif; TEXT-ALIGN: justify">Rick R. Taylor has been President of Jay Industries, Inc., a Tier 1 automotive parts manufacturer, since 1985, and Chief Executive Officer of Nanogate-
          North America LLC, the U.S. subsidiary of Nanogate A.G., a German company that develops high-tech surfaces and components, since 2018.&#160; Jay Industries also is a Tier&#160;2 parts manufacturer for several other industrial companies. In addition,
          Mr.&#160;Taylor has been President of Longview Steel Corporation, a steel wholesaler, since 1999. Mr.&#160;Taylor has been a Director of Park National Corporation, a NYSE publicly traded regional bank holding company, since 1995, where he serves on the
          Investment Committee and the Risk Committee.</div>
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            </tr>

        </table>
        <div style="FONT-SIZE: 10pt">&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman',Times,serif; TEXT-ALIGN: left; TEXT-INDENT: 14.4pt">Mr.&#160;Taylor&#8217;s major company manufacturing experience spans over 40&#160;years. He has extensive international supply chain experience, and
          board of directors&#8217; experience, including investment management and risk management.</div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">NON-EMPLOYEE DIRECTOR COMPENSATION</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Compensation Committee is charged with oversight and periodic review of Non-Employee Director compensation and with
          recommending any changes to the entire Board of Directors. Directors who are employees of the Company (Messrs.&#160;J. C. Gorman and J. S. Gorman) do not receive any compensation for service as Directors.&#160; Non-Employee Directors are compensated by the
          Company for their services as Directors through a combination of annual cash retainers and stock awards.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Company&#8217;s Non-Employee Directors compensation for 2018 consisted of annual cash retainers of $53,000 each and stock awards of
          1,500 shares each effective as of July&#160;2, 2018.&#160; To reflect their additional responsibilities, Chairs of the Compensation Committee and Governance and Nominating Committee received an additional retainer fee of $4,000, and the Chair of the Audit
          Committee received an additional retainer fee of $8,000.&#160; The Lead Independent Director received an additional retainer fee of $5,000.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Company has a stock ownership guidelines policy for its Non-Employee Directors to encourage meaningful stock ownership in the
          Company.&#160; The policy requires each Non-Employee Director to own shares of stock equal in value to five times his or her annual cash retainer, and prohibits most sales of shares unless the applicable minimum stock ownership requirement is met.</div>
        <div><br>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-ALIGN: left; TEXT-INDENT: 14.4pt">Non-Employee Director Compensation Table</div>
        <div><br>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The table below summarizes the total compensation paid for service by each of the Non-Employee Directors of the Company for the
          year 2018.</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">&#160;</div>
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                <div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center; MARGIN-LEFT: 9pt">Name</div>
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              <td style="border-top: medium none rgb(0, 0, 0); vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;" colspan="2" nowrap="nowrap" valign="bottom">
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Fees </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Earned or </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Paid in</div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Cash</div>
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              <td style="border-top: medium none rgb(0, 0, 0); vertical-align: bottom; padding-bottom: 2px; text-align: left;" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="border-top: medium none rgb(0, 0, 0); vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
              <td style="border-top: medium none rgb(0, 0, 0); vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2" nowrap="nowrap" valign="bottom">
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Stock Awards </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">(1)</div>
              </td>
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              <td style="font-size: 8pt; border-top: medium none rgb(0, 0, 0); vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
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                <div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Option Awards</div>
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              <td style="font-size: 8pt; border-top: medium none rgb(0, 0, 0); vertical-align: bottom; padding-bottom: 2px; text-align: left;" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="border-top: medium none rgb(0, 0, 0); vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
              <td style="border-top: medium none rgb(0, 0, 0); vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2" nowrap="nowrap" valign="bottom">
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Non-Equity </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Incentive Plan Compensation</div>
              </td>
              <td style="border-top: medium none rgb(0, 0, 0); vertical-align: bottom; padding-bottom: 2px; text-align: left;" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="border-top: medium none rgb(0, 0, 0); vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
              <td style="border-top: medium none rgb(0, 0, 0); vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2" nowrap="nowrap" valign="bottom">
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Change in </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Pension Value </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">and </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Nonqualified </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Deferred </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Compensation</div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Earnings</div>
              </td>
              <td style="border-top: medium none rgb(0, 0, 0); vertical-align: bottom; padding-bottom: 2px; text-align: left;" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="border-top: medium none rgb(0, 0, 0); vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
              <td style="border-top: medium none rgb(0, 0, 0); vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="2" nowrap="nowrap" valign="bottom">
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">All Other </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Compensation</div>
              </td>
              <td style="border-top: medium none rgb(0, 0, 0); vertical-align: bottom; padding-bottom: 2px; text-align: left;" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; border-top: medium none rgb(0, 0, 0); vertical-align: bottom; padding-bottom: 2px;" valign="bottom">&#160;</td>
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                <div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Total</div>
              </td>
              <td style="font-size: 8pt; border-top: medium none rgb(0, 0, 0); vertical-align: bottom; padding-bottom: 2px; text-align: left;" nowrap="nowrap" valign="bottom">&#160;</td>
            </tr>
            <tr>
              <td style="font-size: 8pt; width: 16%; vertical-align: top; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">M. Ann Harlan</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: center; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">$</div>
              </td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">62,000(2</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">)</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">$</div>
              </td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">51,825</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">$</div>
              </td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">$</div>
              </td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">$</div>
              </td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">$</div>
              </td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">$</div>
              </td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">113,825</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
            </tr>
            <tr>
              <td style="font-size: 8pt; width: 16%; vertical-align: top; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">Thomas E. Hoaglin</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: center; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">61,000(3</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">)</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">51,825</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">112,825</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
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            <tr>
              <td style="font-size: 8pt; width: 16%; vertical-align: top; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">Christopher H. Lake</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: center; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">57,000(4</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">)</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">51,825</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
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              <td style="font-size: 8pt; width: 16%; vertical-align: top; background-color: rgb(255, 255, 255);" valign="bottom">
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
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              <td style="font-size: 8pt; width: 16%; vertical-align: top; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">Rick R. Taylor</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: center; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">51,825</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">104,825</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
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            <tr>
              <td style="font-size: 8pt; width: 16%; vertical-align: top; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">W. Wayne Walston</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: center; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">104,825</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
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        <div>&#160;</div>
        <table id="zfda92bf157c3430283ef750758d5af88" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellpadding="0" cellspacing="0">

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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">1)</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Each Non-Employee Director received an award of 1,500 Common Shares (from the Company&#8217;s treasury shares) under The Gorman-Rupp Company 2016
                  Non-Employee Directors&#8217; Compensation Plan. Each award of 1,500 Common Shares was made effective as of July&#160;2, 2018 and had a market value of $51,825 as of the grant date, computed in accordance with FASB ASC Topic 718.</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">2)</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Includes additional retainer fees of $4,000 for Ms. Harlan&#8217;s service as Chair of the Governance and Nominating Committee and $5,000 for her
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            <tr>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">3)</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Includes additional retainer fees of $8,000 for Mr. Hoaglin&#8217;s service as Chair of the Audit Committee.</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">4)</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Includes additional retainer fees of $4,000 for Mr. Lake&#8217;s service as Chair of the Compensation Committee.</div>
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        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">CORPORATE GOVERNANCE</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Board of Directors and Board Committees</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Company requires that a majority of its Directors must be &#8220;independent&#8221; as required by the listing standards of the NYSE and
          SEC rules, or by other regulatory or legislative bodies as may be applicable to the Company. The Board, on an annual basis, makes a determination as to the independence of each Director in accordance with applicable listing standards, rules and
          regulations. In general, &#8220;independent&#8221; means that a Director has no &#8220;material relationship&#8221; with the Company or any of its subsidiaries, other than through his or her service as a Director. The existence of a material relationship must be
          determined based upon a review of all relevant facts and circumstances, and generally is a relationship that might reasonably be expected to compromise the Director&#8217;s ability to maintain his or her independence from management in connection with
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        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Board has approved Corporate Governance Guidelines and a Code of Ethics to provide guidance for the governance of the Company.&#160;
          The Governance and Nominating Committee is responsible for monitoring these guidelines and code of ethics and reviews them on an annual basis and, subject to Board approval, makes such revisions as may be necessary or appropriate to reflect new
          regulatory requirements and evolving corporate governance practices. The Corporate Governance Guidelines and Code of Ethics are available in their entirety on the Company&#8217;s website at http://www.gormanrupp.com.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Based on an annual review by the Governance and Nominating Committee, the Committee affirmatively determined, after considering all
          relevant facts and circumstances known to it, that no Non-Employee Director has a material relationship with the Company and that all Non-Employee Directors meet the independence standards of the Company&#8217;s Corporate Governance Guidelines, as well
          as the current independence standards of the NYSE and SEC corporate governance requirements for listed companies, and have no relationships or transactions required to be reported by Item&#160;404 of Regulation S-K.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">During 2018, a total of 5 regularly scheduled meetings of the Board of Directors (at least one each quarter) and a total of 16
          meetings of all standing Directors&#8217; Committees were held. All Directors attended at least 75% of the aggregate number of meetings held by the Board of Directors and the respective Committees on which they served. In 2018, the &#8220;independent&#8221;
          Directors met at every regularly scheduled meeting of the Board of Directors in executive session without the presence of the non-independent Directors and any members of the Company&#8217;s management. The Lead Independent Director, who is currently
          M. Ann Harlan, generally presides at these non-management executive sessions&#160; Members of the Board of Directors are expected to attend the Company&#8217;s Annual Meeting of Shareholders, and all Directors were in attendance at the Annual Meeting in
          2018.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">&#160;At the April&#160;26, 2018 annual reorganizational meeting of the Board of Directors, M. Ann Harlan was re-elected by the independent
          Directors as Lead Independent Director, to serve for an additional one year term. The Lead Independent Director is responsible for coordinating the activities of the other independent Directors and has the authority to preside at all meetings of
          the Board of Directors at which the Chairman of the Board is not present. The Lead Independent Director serves as principal liaison on Board-wide issues between the independent Directors and the Chairman of the Board, approves meeting schedules
          and agendas and monitors the quality of information sent to the Board. The Lead Independent Director also may recommend the retention of outside advisors and consultants who report directly to the Board of Directors. If requested by shareholders,
          when appropriate, the Lead Independent Director also will be available for consultation and direct communication.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Board completes annual performance evaluations of the Board, as well as the Audit Committee, the Compensation Committee, and
          the Governance and Nominating Committee, to assist in determining whether the Board and its Committees are functioning effectively.&#160; Annually, the Board and each of its Committees complete self-evaluations and review and discuss the results.&#160; The
          Governance and Nominating Committee oversees this process.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Board of Directors has three separately designated standing Committees: (1)&#160;Audit Committee; (2)&#160;Compensation Committee; and
          (3)&#160;Governance and Nominating Committee. All members of each Committee are independent Directors. Each Committee is governed by a written charter adopted by the Board of Directors detailing its authority and responsibilities. These charters are
          reviewed and updated periodically as legislative and regulatory developments and business circumstances warrant. Complete copies of each Committee charter are available on the Company&#8217;s website at <font style="FONT-SIZE: 10pt; FONT-FAMILY:
            'Times New Roman', Times, serif"><u>http://www.gormanrupp.com</u></font>.</div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">8</font></div>
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade"> </div>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The table below shows current members of each of the Committees and the number of meetings held by each standing Committee in 2018.</div>
        <div><br>
        </div>
        <table id="ze3e22c427a0643d6839ede25e1578255" style="WIDTH: 80%" align="center" border="0" cellpadding="0" cellspacing="0">

            <tr>
              <td style="FONT-SIZE: 10pt; BORDER-TOP: #000000 2px solid; WIDTH: 35%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; FONT-WEIGHT: bold; TEXT-ALIGN: left; BORDER-LEFT: #000000 2px solid">
                <div style="MARGIN-LEFT: 9pt">Name</div>
              </td>
              <td style="BORDER-TOP: #000000 2px solid; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; BORDER-LEFT: #000000 2px solid">
                <div style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">Audit </div>
                <div style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">Committee</div>
              </td>
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                <div style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">Compensation </div>
                <div style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">Committee</div>
              </td>
              <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; BORDER-LEFT: #000000 2px solid">
                <div style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">Governance and </div>
                <div style="FONT-SIZE: 10pt; FONT-WEIGHT: bold">Nominating Committee</div>
              </td>
            </tr>
            <tr>
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                <div style="MARGIN-LEFT: 9pt">M. Ann Harlan</div>
              </td>
              <td style="font-size: 10pt; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(241, 241, 241);">
                <div>&#10003;</div>
              </td>
              <td style="font-size: 10pt; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(241, 241, 241);">&#160;</td>
              <td style="font-size: 10pt; border-right: 2px solid rgb(0, 0, 0); width: 15%; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(241, 241, 241);">
                <div>Chair</div>
              </td>
            </tr>
            <tr>
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                <div style="MARGIN-LEFT: 9pt">Thomas E. Hoaglin</div>
              </td>
              <td style="FONT-SIZE: 10pt; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
                <div>Chair</div>
              </td>
              <td style="FONT-SIZE: 10pt; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
              <td style="FONT-SIZE: 10pt; BORDER-RIGHT: #000000 2px solid; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
                <div>&#10003;</div>
              </td>
            </tr>
            <tr>
              <td style="font-size: 10pt; width: 35%; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); background-color: rgb(241, 241, 241);">
                <div style="MARGIN-LEFT: 9pt">Christopher H. Lake</div>
              </td>
              <td style="font-size: 10pt; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(241, 241, 241);">
                <div>&#10003;</div>
              </td>
              <td style="font-size: 10pt; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(241, 241, 241);">
                <div>Chair</div>
              </td>
              <td style="font-size: 10pt; border-right: 2px solid rgb(0, 0, 0); width: 15%; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(241, 241, 241);">&#160;</td>
            </tr>
            <tr>
              <td style="FONT-SIZE: 10pt; WIDTH: 35%; BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
                <div style="MARGIN-LEFT: 9pt">Kenneth R. Reynolds</div>
              </td>
              <td style="FONT-SIZE: 10pt; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
                <div>&#10003;</div>
              </td>
              <td style="FONT-SIZE: 10pt; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
                <div>&#10003;</div>
              </td>
              <td style="FONT-SIZE: 10pt; BORDER-RIGHT: #000000 2px solid; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
            </tr>
            <tr>
              <td style="font-size: 10pt; width: 35%; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); background-color: rgb(241, 241, 241);">
                <div style="MARGIN-LEFT: 9pt">Rick R. Taylor</div>
              </td>
              <td style="font-size: 10pt; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(241, 241, 241);">&#160;</td>
              <td style="font-size: 10pt; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(241, 241, 241);">
                <div>&#10003;</div>
              </td>
              <td style="font-size: 10pt; border-right: 2px solid rgb(0, 0, 0); width: 15%; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(241, 241, 241);">
                <div>&#10003;</div>
              </td>
            </tr>
            <tr>
              <td style="FONT-SIZE: 10pt; WIDTH: 35%; BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
                <div style="MARGIN-LEFT: 9pt">W. Wayne Walston(1)</div>
              </td>
              <td style="FONT-SIZE: 10pt; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #ffffff">&#160;</td>
              <td style="FONT-SIZE: 10pt; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
                <div>&#10003;</div>
              </td>
              <td style="FONT-SIZE: 10pt; BORDER-RIGHT: #000000 2px solid; WIDTH: 15%; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; BORDER-LEFT: #000000 2px solid; BACKGROUND-COLOR: #ffffff">
                <div>&#10003;</div>
              </td>
            </tr>
            <tr>
              <td style="font-size: 10pt; width: 35%; border-bottom: 2px solid rgb(0, 0, 0); font-weight: bold; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(241, 241, 241);">
                <div style="MARGIN-LEFT: 9pt">Number of Meetings</div>
              </td>
              <td style="font-size: 10pt; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(241, 241, 241);">
                <div>6</div>
              </td>
              <td style="font-size: 10pt; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(241, 241, 241);">
                <div>5</div>
              </td>
              <td style="font-size: 10pt; border-right: 2px solid rgb(0, 0, 0); width: 15%; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(241, 241, 241);">
                <div>5</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
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            <tr>
              <td style="WIDTH: 4.8%; VERTICAL-ALIGN: top">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(1)</div>
              </td>
              <td style="WIDTH: 95.2%; VERTICAL-ALIGN: top">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">Mr. Walston is not standing for re-election as a Director at the Meeting.</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-ALIGN: center">Audit Committee</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The principal functions of the Audit Committee include the authority and responsibility to:</div>
        <div>
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              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Engage the Company&#8217;s independent registered public accounting firm and review the scope of the audit of the Company&#8217;s consolidated financial statements;</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
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              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Approve fees to be paid to the independent registered accounting firm for the agreed-upon-services;</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
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              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Consider comments made by the independent registered public accountants with respect to internal controls and financial reporting and related actions taken by management;</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
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              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Review internal accounting systems, procedures and controls with the Company&#8217;s internal auditor and financial staff;</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
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              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Review any non-audit services provided by the independent registered public accounting firm;</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
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              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Provide organizational oversight of the Company&#8217;s enterprise risk management plan; and</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
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              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Oversee the Company&#8217;s internal audit function, including approving the annual internal audit plan.</div>
                </td>
              </tr>

          </table>
        </div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-ALIGN: center">Compensation Committee</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The principal functions of the Compensation Committee include the authority and responsibility to:</div>
        <div>
          <table id="z7f9714215c994820a3bc24f4081ec728" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; MARGIN-TOP: 4.5pt" cellpadding="0" cellspacing="0">

              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Evaluate, develop and monitor compensation policies and programs for the Company&#8217;s officers and Non-Employee Directors;</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
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              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Recommend the salaries, profit sharing and long-term incentive compensation for the officers; and</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
          <table id="z70fa53b271254315a1e13c8ab84173d0" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; MARGIN-TOP: 4.5pt" cellpadding="0" cellspacing="0">

              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Oversee the administration, funding and investment performance of the defined benefit pension plan and the defined contribution retirement plans of the Company.</div>
                </td>
              </tr>

          </table>
        </div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">A more comprehensive description of the Compensation Committee&#8217;s functions regarding the consideration and determination of officer
          compensation is set forth under the caption &#8220;Compensation Discussion and Analysis.&#8221;</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-ALIGN: center">Governance and Nominating Committee</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The principal functions of the Governance and Nominating Committee include the authority and responsibility to:</div>
        <div>
          <table id="z22cacadf025d4f3985f0e150df70c363" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; MARGIN-TOP: 4.5pt" cellpadding="0" cellspacing="0">

              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Identify, evaluate and recommend individuals for nomination as members of the Board of Directors;</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
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              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Develop a succession plan for the Company&#8217;s Chief Executive Officer and other Executive Officers;</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
          <table id="z0da8955af9d94b0eb78c3cfeb1b40759" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; MARGIN-TOP: 4.5pt" cellpadding="0" cellspacing="0">

              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Develop a succession plan for other corporate officers and operating executives;</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
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              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Oversee the annual evaluation of the performance of the Board and its Committees;</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
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              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Periodically review the Board Committees&#8217; charters and the Corporate Governance Guidelines for compliance with evolving regulations and Board-desired corporate goals; and</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
          <table id="z55b9370a075f409fac28be680723f4db" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; MARGIN-TOP: 4.5pt" cellpadding="0" cellspacing="0">

              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Monitor the availability of training and professional education programs suitable for Directors for enhancement of their Board and Committee responsibilities.</div>
                </td>
              </tr>

          </table>
        </div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">9</font></div>
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade"> </div>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Governance and Nominating Committee charter incorporates the Company&#8217;s policies and procedures by which to consider
          recommendations from shareholders for Director nominees. Any shareholder wishing to propose a candidate may do so by delivering a typewritten or legible hand-written communication to the Company&#8217;s Corporate Secretary. The submission should
          provide detailed business and personal biographical data about the candidate, and include a brief analysis explaining why the individual is well-qualified to become a Director nominee. All recommendations will be acknowledged by the Corporate
          Secretary and promptly referred to the Governance and Nominating Committee for evaluation.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Governance and Nominating Committee has not specified any particular set of skills, qualities or diversities that is required
          for a Director candidate. All Director candidates, including any recommended by shareholders, are first evaluated based upon their (i)&#160;integrity, strength of character, practical wisdom and mature judgment; (ii)&#160;business and financial expertise
          and experience; (iii)&#160;intellect to comprehend the issues confronting the Company; and (iv)&#160;availability of adequate time to devote to the affairs of the Company and attend Board and Committee meetings. The Governance and Nominating Committee also
          focuses on issues of diversity, such as diversity of gender, race and national origin, education, professional experience and differences in viewpoints and skills. New Director candidates are subject to a background check performed by the
          Governance and Nominating Committee. In addition, the candidate will be personally interviewed by one or more Governance and Nominating Committee members before he or she is nominated for election to the Board of Directors. In considering
          candidates for the Board, the Governance and Nominating Committee considers the entirety of each candidate&#8217;s credentials in the context of their skills, qualities or diversities. With respect to the nomination of continuing Directors for
          re-election, the individual&#8217;s historical contributions to the Board are also considered. Third-party search firms may be retained by the Board to identify individuals that meet the director candidate criteria established by the Governance and
          Nominating Committee. Ms.&#160;McClelland was identified and preliminarily evaluated by a third-party search firm retained by the Board.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Risk Oversight</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Board of Directors believes that control and management of risk are primary responsibilities of senior management of the
          Company. As a general matter, the entire Board of Directors is responsible for oversight of this important senior management function. The Audit Committee is responsible to the Board for the organizational oversight of the Company&#8217;s comprehensive
          enterprise risk management plan. Additional oversight of some functional risks is performed by specific Board Committees, e.g., financial reporting risks are overseen by the Audit Committee; personnel selection, evaluation, retention and
          compensation risks and benefit plan investment risks are overseen by the Compensation Committee; and Chief Executive Officer, Executive Officer, other corporate officer, key operating executive and Director succession planning risks are overseen
          by the Governance and Nominating Committee. The results of each Committee&#8217;s oversight are reported regularly to the entire Board of Directors.</div>
        <div><br>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-ALIGN: left">Company Leadership Organization</div>
        <div><br>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">With respect to the roles of Board Chairman and Chief
            Executive Officer, the Corporate Governance Guidelines provide that the roles may be separated or combined, and the Board exercises its discretion in combining or separating these positions as it deems appropriate in light of prevailing
            circumstances.&#160; </font>Upon election of Mr.&#160;J.S. Gorman as Chief Executive Officer of the Company on May&#160;1, 1998, the Company separated the offices of Board Chairman and Chief Executive Officer because it believed this division more clearly
          delineated their respective responsibilities. This separation currently provides for the Chairman to focus on Board of Director responsibilities and for the Chief Executive Officer to focus on the Company&#8217;s executive, administrative and operating
          responsibilities. Pursuant to <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">the Corporate Governance Guidelines, the Board believes that the combination or separation of these offices should continue to be
            considered as part of the succession planning process.</font></div>
        <div><br>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Related Party Transactions</div>
        <div><br>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">The Company has no relationships or transactions
            required to be reported by Item&#160;404 of Regulation S-K. Although the Company does not have a specific written policy regarding review, approval or ratification of related party transactions, the Company has a formal annual review process for
            such transactions at all locations, and the Board of Directors has the authority to review and approve all related party transactions defined as those transactions required to be disclosed under Item&#160;404 of Regulation S-K. Review and approval
            of related party transactions also would be evidenced through the Company&#8217;s Code of Ethics compliance, annual completion of the Company&#8217;s Directors&#160;&amp; Officers Questionnaires and discussion at Board meetings, or addressed in unanimous
            written actions in lieu of a Board meeting, if applicable. </font>&#160;</div>
        <div style="TEXT-ALIGN: center"><br>
        </div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">10</font></div>
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade"> </div>
        </div>
        <div style="background-color: #F2F2F2; border-bottom: 1px solid #42739B; border-left: 1px solid #42739B; border-right: 1px solid #42739B; border-top: 1px solid #42739B; margin: 0px 5%; padding: 12px; font-family: 'Times New Roman', Times, serif;
          font-size: 10pt; font-weight: bold; text-align: center;">
          <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">AUDIT COMMITTEE REPORT</div>
          <div style="font-weight: normal;">&#160;</div>
          <font style="font-weight: normal;"> </font>
          <div style="font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; text-align: justify; text-indent: 3%; font-weight: normal;">The Audit Committee has submitted the following report to the Board of Directors:</div>
          <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
          <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; BORDER-COLLAPSE: collapse" border="0" cellpadding="0" cellspacing="0">

              <tr>
                <td style="WIDTH: 3%; VERTICAL-ALIGN: middle">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="WIDTH: 4%; VERTICAL-ALIGN: top">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(i)</div>
                </td>
                <td style="WIDTH: 93%; VERTICAL-ALIGN: top">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">The Audit Committee has reviewed and discussed the Company&#8217;s audited consolidated financial statements for the fiscal year ended December&#160;31,
                    2018 and the assessment of the Company&#8217;s internal controls over financial reporting with the Company&#8217;s management and the Company&#8217;s independent registered public accountants, Ernst &amp; Young LLP;</div>
                </td>
              </tr>

          </table>
          <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
          <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellpadding="0" cellspacing="0">

              <tr>
                <td style="WIDTH: 3%; VERTICAL-ALIGN: middle">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="WIDTH: 4%; VERTICAL-ALIGN: top">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(ii)</div>
                </td>
                <td style="WIDTH: 93%; VERTICAL-ALIGN: top">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">The Audit Committee has discussed with the Company&#8217;s independent registered public accountants the matters required to be discussed by
                    Auditing Standard No.&#160;1301, <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-STYLE: italic">Communications with Audit Committees</font>, as adopted by the Public Company Accounting Oversight Board
                    (&#8220;PCAOB&#8221;);</div>
                </td>
              </tr>

          </table>
          <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
          <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellpadding="0" cellspacing="0">

              <tr>
                <td style="WIDTH: 3%; VERTICAL-ALIGN: middle">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="WIDTH: 4%; VERTICAL-ALIGN: top">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(iii)</div>
                </td>
                <td style="WIDTH: 93%; VERTICAL-ALIGN: top">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">The Audit Committee has received the written disclosures and the letter from the Company&#8217;s independent registered public accountants required
                    by PCAOB Rule&#160;3526 (Communication with Audit Committees Concerning Independence), and has discussed the issue of independence, including the provision of non-audit services to the Company, with the independent registered public
                    accountants;</div>
                </td>
              </tr>

          </table>
          <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
          <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellpadding="0" cellspacing="0">

              <tr>
                <td style="WIDTH: 3%; VERTICAL-ALIGN: middle">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="WIDTH: 4%; VERTICAL-ALIGN: top">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(iv)</div>
                </td>
                <td style="WIDTH: 93%; VERTICAL-ALIGN: top">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">With respect to the provision of non-audit services to the Company, the Audit Committee has obtained a written statement from the Company&#8217;s
                    independent registered public accountants that they have not rendered any non-audit services prohibited by SEC and PCAOB rules relating to auditor independence, and that the delivery of any permitted non-audit services has not and will
                    not impair their independence;</div>
                </td>
              </tr>

          </table>
          <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
          <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellpadding="0" cellspacing="0">

              <tr>
                <td style="WIDTH: 3%; VERTICAL-ALIGN: middle">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="WIDTH: 4%; VERTICAL-ALIGN: top">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(v)</div>
                </td>
                <td style="WIDTH: 93%; VERTICAL-ALIGN: top">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Based upon the review and discussions referred to above, the Audit Committee recommended to the Board of Directors that the Company&#8217;s audited
                    consolidated financial statements be included in the Company&#8217;s Annual Report on Form&#160;10-K for the fiscal year ended December&#160;31, 2018, to be filed with the SEC;&#160;and</div>
                </td>
              </tr>

          </table>
          <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
          <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellpadding="0" cellspacing="0">

              <tr>
                <td style="WIDTH: 3%; VERTICAL-ALIGN: middle">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
                </td>
                <td style="WIDTH: 4%; VERTICAL-ALIGN: top">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(vi)</div>
                </td>
                <td style="WIDTH: 93%; VERTICAL-ALIGN: top">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">In general, the Audit Committee has fulfilled its commitments in accordance with its charter.</div>
                </td>
              </tr>

          </table>
          <div>&#160;</div>
          <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; text-align: justify; text-indent: 3%;">Members of the Audit Committee are also &#8220;independent&#8221; in accordance with the additional listing standards of
            the NYSE, and two of the members (including the Chair) qualify as an &#8220;audit committee financial expert&#8221; in accordance with SEC rules.</div>
          <div>&#160;</div>
          <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; text-align: justify; text-indent: 3%;">The foregoing report has been furnished by members of the Audit Committee:</div>
          <div><br>
          </div>
          <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; text-align: justify; text-indent: 3%;">Thomas E. Hoaglin, Chair</div>
          <font style="font-weight: normal;"> </font>
          <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; text-align: justify; text-indent: 3%;">M. Ann Harlan</div>
          <font style="font-weight: normal;"> </font>
          <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; text-align: justify; text-indent: 3%;">Christopher H. Lake</div>
          <font style="font-weight: normal;"> </font>
          <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: justify; text-indent: 3%;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal;">Kenneth R. Reynolds</font> <br>
          </div>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center"> <br>
        </div>
        &#160;
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-ALIGN: left">Compensation Committee Interlocks and Insider Participation</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Each of the following Directors served as a member of the Compensation Committee during the fiscal year ended December&#160;31, 2018:
          Christopher H. Lake, Kenneth R. Reynolds, Rick R. Taylor and W. Wayne Walston. During 2018, no Company Executive Officer or Director was a member of the board of directors of any other company where the relationship would be construed to
          constitute a committee interlock within the meaning of the rules of the SEC.</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
        <div style="TEXT-ALIGN: center"><br>
        </div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">11</font></div>
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade"> </div>
        </div>
        <br>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center"> <br>
        </div>
        <div style="background-color: #F1F2F2; border-bottom: 1px solid #42739B; border-left: 1px solid #42739B; border-right: 1px solid #42739B; border-top: 1px solid #42739B; margin: 0px 5%; padding: 12px; font-family: 'Times New Roman', Times, serif;
          font-size: 10pt; font-weight: bold; text-align: center;">
          <div>COMPENSATION COMMITTEE REPORT</div>
          <div>&#160;</div>
          <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; text-align: justify; text-indent: 3%;">The Compensation Committee has submitted the following report to the Board of Directors:</div>
          <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
          <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellpadding="0" cellspacing="0">

              <tr>
                <td colspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
                <td style="width: 4%; vertical-align: top;">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(i)</div>
                </td>
                <td style="width: 93%; vertical-align: top;">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">The Compensation Committee has reviewed and discussed the following Compensation Discussion and Analysis with the Company&#8217;s management;&#160;and</div>
                </td>
              </tr>

          </table>
          <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
          <table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellpadding="0" cellspacing="0">

              <tr>
                <td colspan="1" style="width: 3%; vertical-align: top;">&#160;</td>
                <td style="width: 4%; vertical-align: top;">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(ii)</div>
                </td>
                <td style="width: 93%; vertical-align: top;">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Based on the review and discussions referred to in the preceding paragraph, the Compensation Committee recommended to the Board of Directors
                    that the Compensation Discussion and Analysis be included in the Company&#8217;s Proxy Statement in connection with the 2019 Annual Meeting of the Company&#8217;s Shareholders.</div>
                </td>
              </tr>

          </table>
          <div>&#160;</div>
          <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; text-align: justify; text-indent: 3%;">The foregoing report has been furnished by members of the Compensation Committee:</div>
          <div><br>
          </div>
          <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; text-align: justify; text-indent: 3%;">Christopher H. Lake, Chair</div>
          <font style="font-weight: normal;"> </font>
          <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; text-align: justify; text-indent: 3%;">Kenneth R. Reynolds</div>
          <font style="font-weight: normal;"> </font>
          <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; text-align: justify; text-indent: 3%;">Rick R. Taylor</div>
          <font style="font-weight: normal;"> </font>
          <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: normal; text-align: justify; text-indent: 3%;">W. Wayne Walston</div>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center"> <br>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center"> <br>
        </div>
        <br>
        <div style="TEXT-ALIGN: center"><br>
        </div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">12</font></div>
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade"> </div>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">EXECUTIVE COMPENSATION</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Compensation Discussion and Analysis</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">This Compensation Discussion and Analysis describes the Company&#8217;s officer compensation program and how it applies to the Company&#8217;s
          Chief Executive Officer and its other officers (collectively, the &#8220;Officers&#8221;), including its four named executive officers (&#8220;Executive Officers&#8221;) identified in the Summary Compensation Table included in this Proxy Statement.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-ALIGN: left">Overview</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Gorman-Rupp Company has a long and continuing focus on building profitability and consistently delivering increased value to
          our shareholders. To accomplish this goal, the Company&#8217;s Officer compensation program is designed to encourage and reward leadership, initiative, teamwork and top-quality performances among the Officers.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 14.4pt">The Compensation Committee (the &#8220;Committee&#8221;) of the Board of Directors is authorized to:</div>
        <div>
          <table id="z4374d799f020405ca6f4b6782a7d2412" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; MARGIN-TOP: 4.5pt" cellpadding="0" cellspacing="0">

              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Review and evaluate the compensation policies and programs for the Officers;</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
          <table id="za626c257fd7a4645ab2fea01d57519e5" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; MARGIN-TOP: 4.5pt" cellpadding="0" cellspacing="0">

              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Review, at least annually, the Chief Executive Officer&#8217;s progress assessments of the other Officers and to evaluate the Chief Executive Officer&#8217;s progress assessment;</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
          <table id="zb059c99d967a4ff5967e227ebd501c46" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; MARGIN-TOP: 4.5pt" cellpadding="0" cellspacing="0">

              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Review and recommend the annual salaries, profit sharing and long-term incentive compensation determinations for the Executive Officers to the Board of Directors; and</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
          <table id="zfe0bbf0199d649c98fd6e29761c38026" class="DSPFListTable" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; MARGIN-TOP: 4.5pt" cellpadding="0" cellspacing="0">

              <tr>
                <td style="WIDTH: 36pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-FAMILY: Times New Roman; TEXT-ALIGN: center">&#9679;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div>Review the compensation of Non-Employee Directors (&#8220;Directors&#8221;) and submit any suggested recommendations for changes to the Directors for review.</div>
                </td>
              </tr>

          </table>
        </div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Four independent Directors comprise the Committee. Their responsibilities are carried out pursuant to authority delegated by the
          Board of Directors and in accordance with the federal securities laws and other applicable laws and regulations and the Committee&#8217;s charter.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-ALIGN: left">Philosophy and Objectives</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Under the Committee&#8217;s oversight, the Company has formulated a compensation philosophy that is intended to assure the provision of
          fair, competitive and performance-based compensation to the Officers. This philosophy reflects the belief that compensation of the Officers should be consistent with the Company&#8217;s historical compensation practices, its culture, its profitability
          and its long-term shareholder value.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The implementation of the Company&#8217;s Officer compensation philosophy seeks (i)&#160;to attract and retain a group of talented individuals
          with the education, experience, skill sets and professional presence deemed best suited for the respective Officer positions; and (ii)&#160;to continually motivate those individuals to help the Company achieve its strategic goals and enhance
          profitability by offering them incentive compensation in the form of profit sharing and equity-based compensation awards driven by the Company&#8217;s results of operations and financial condition.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-ALIGN: left">Elements of Compensation</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Company&#8217;s Officer compensation program consists of four elements: base salary, profit sharing, performance-based share awards
          and a component of modest miscellaneous benefits. The Company has not entered into employment contracts with any of the Officers.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Ownership of the Company&#8217;s Common Shares by the Officers has continually been considered a worthy goal within the Company to
          further align Officers&#8217; interests with those of Shareholders. Toward that end, the Company sponsors opportunities to purchase Common Shares, including a partial Company match, aimed at encouraging the Officers, and substantially all other
          employees, to voluntarily invest in the Common Shares.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Company has a stock ownership guidelines policy which establishes minimum stock ownership requirements for its Officers, group
          presidents and other corporate and operating officers to encourage meaningful stock ownership in the Company.&#160; The policy requires each executive, operating president and designated key employees to own shares of stock equal in value ranging from
          multiples of one times to three times his or her base salary, and prohibits most sales of shares unless the applicable minimum stock ownership requirement is met.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">13</font></div>
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade"> </div>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Base Salary and Profit Sharing&#160;&#8212; </font>Base











          salaries are premised upon the relative responsibilities of the given Officers and industry surveys and related data. Initial salaries generally are set below competitive levels paid to comparable officers at other entities engaged in the same or
          similar businesses as the Company based upon Equilar peer data, discussed below under &#8220;Annual Review&#8221;, and Company philosophy. Subsequently, actual salaries are adjusted periodically based on judgments of each person&#8217;s performance,
          qualifications, accomplishments and expected future contributions in his or her Officer role.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Company intentionally relies to a significant degree on incentive compensation in the form of profit sharing to attract and
          retain the Officers. This profit sharing opportunity provides motivation for them to perform to the full extent of their individual abilities and as a team to build total Company profitability and shareholder value on a continuing, long-term
          basis.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Performance-Based Share Awards &#8212; </font>Pursuant











          to The Gorman-Rupp Company 2015 Omnibus Incentive Plan (the &#8220;Incentive Plan&#8221;), long-term equity incentive compensation is an element of compensation used to enhance the Company&#8217;s compensation program in combination with its succession planning
          for key personnel and to further align the interests of award recipients with shareholders. Equity incentive compensation has also been selected to facilitate the accumulation of additional Company shares of stock by those most accountable for
          the Company&#8217;s operating results and shareholder value. Equity awards are typically conditioned upon achievement of appropriate performance metrics, however the Compensation Committee may from time to time grant service-based awards or
          unrestricted shares to certain employees. Recipients of grants of performance-based shares receive a target award of performance-based shares that vest at the end of a three year performance period, based on the levels of achievement of the
          performance goals established by the Compensation Committee, which may range from 0% to 150% of the target number of performance-based shares. The performance goals for these performance-based shares are based on targeted adjusted operating
          income growth and adjusted shareholders&#8217; equity growth, weighted 50% each. The Committee believes the combination of these performance goals selected for the Incentive Plan provides an appropriate balance between earnings-related and growth goals
          while also focusing on shareholder value growth. Each vested performance-based share represents the right to receive one Common Share of the Company.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">In determining the target amount of performance-based shares to be granted to our Executive Officers, the Compensation Committee
          takes into account several factors, including our Chief Executive Officer&#8217;s recommendation for the other Executive Officers, our short-term and long-term financial and strategic objectives, the Executive Officer&#8217;s relative job scope, individual
          performance history and prior and anticipated future contributions to the Company. After considering these factors, the Compensation Committee determines the amount of performance-based shares to be granted at levels it considers appropriate to
          create a meaningful opportunity for reward predicated on the creation of long-term stockholder value.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Under certain circumstances, including a restatement of financial results by the Company, the grantee may be required to return to
          the Company performance shares and/or pretax income derived from any disposition of shares previously received if the performance shares would not have been earned based upon the restated financial results.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The three-year performance period for performance-based shares granted to the Officers in 2016 concluded on December 31, 2018.&#160; The
          performance goals for the 2016-2018 performance period were based on targets for compound annual growth for adjusted operating income and adjusted shareholders&#8217; equity, weighted 50% each.&#160; At the end of the performance period, the minimum
          threshold for adjusted operating income growth was met, but the minimum threshold for adjusted shareholders&#8217; equity growth was not met.&#160; Accordingly, performance-based shares were awarded to the Officers at 25% of the target under the 2016
          grants.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Other Compensation&#160;&#8212; </font>The
          Officers receive a variety of miscellaneous benefits, the value of which is represented for the named Executive Officers under the caption &#8220;All Other Compensation&#8221; in the Summary Compensation Table. These benefits include taxable life insurance,
          and Company contributions to the Christmas Savings Plan, the 401(k) Plan, and certain partial matching contribution opportunities under the Employee Stock Purchase Plan. The Company also sponsors a defined benefit pension plan in which two of the
          Company&#8217;s Executive Officers participate as explained under the caption &#8220;Pension Benefits.&#8221;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; TEXT-INDENT: 14.4pt">&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Stock Ownership&#160;&#8212; </font>The
          Company has long encouraged the Officers to voluntarily invest in the Company&#8217;s Common Shares. As a consequence, the Company makes the purchase of its Common Shares convenient, in some cases with partial cash matching contributions from the
          Company, and in all cases without brokers&#8217; fees or commissions, under an Employee Stock Purchase Plan, a 401(k) Plan and a Dividend Reinvestment Plan. Although the purchase opportunities available through these plans do not constitute elements of
          Officer compensation, all of the current Officers are shareholders and participate in one or more of the foregoing plans.</div>
        <div><br>
        </div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">14</font></div>
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000" noshade="noshade"> </div>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Directors, Officers and certain other employees may not engage in hedging transactions related to the Company&#8217;s securities, may not
          engage in short sales, may not purchase or sell put options, call options or other such derivative securities, and may not hold Company securities in a margin account or pledge Company securities as collateral for a loan.</div>
        <div><br>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Annual Reviews</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">In devising and maintaining the Company&#8217;s Executive Officer compensation program, the Committee requests management to periodically
          provide data relevant to the compensation paid to officers holding equivalent positions or having similar responsibilities in a group of industrial peers. Such information is obtained from Equilar, a leading independent third-party provider of
          financial, executive and director compensation data, for their review. Equilar was used by the Company to obtain competitive compensation information from public proxy data for management and the Committee as a general reference to low, mean,
          median and high compensation ranges and for correlation to similar measures of operating profitability and total shareholder return. The Committee&#8217;s current objective is for the Company&#8217;s Executive Officers to be compensated at a total level of
          compensation commensurate with at least the 25th percentile of compensation of comparable capital goods manufacturing companies.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Committee additionally evaluates the Executive Officers&#8217; progress assessments and the Company&#8217;s financial performance in
          performing its compensation review responsibilities. The Committee also takes into account the outcome of prior shareholders&#8217; advisory votes on executive compensation. The Committee regularly consults with executive management and has the
          authority if needed to consult with outside accounting, legal and compensation advisors as appropriate in arriving at compensation recommendations, subject to approval by the Board of Directors.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Prior to the Company&#8217;s July Board meeting, the Committee reviews with the Chief Executive Officer the recommended annual base
          salary for each of the Executive Officers (other than the Chief Executive Officer). The Committee independently reviews the base salary for the Chief Executive Officer and develops a recommendation therefor. These salary reviews include
          consideration of the fact that a significant component of total compensation is variable, performance-based profit sharing. The Committee then reports the results of its Executive Officer compensation reviews and recommendations to the Board of
          Directors.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">During July 2018, the Committee reviewed updated Equilar-provided peer information compensation details from 15 other capital goods
          manufacturing companies listed below, which peer group is unchanged from that used in 2017.</div>
        <div><br>
        </div>
        <table id="z5269865a4ca840799d2722665f347a64" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; BORDER-COLLAPSE: collapse" cellpadding="0" cellspacing="0">

            <tr>
              <td style="BORDER-TOP: #000000 2px solid; WIDTH: 34.26%; VERTICAL-ALIGN: top; BORDER-LEFT: #000000 2px solid">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">Alamo Group Inc.</div>
              </td>
              <td style="BORDER-TOP: #000000 2px solid; WIDTH: 27.8%; VERTICAL-ALIGN: top">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">Circor International, Inc.</div>
              </td>
              <td style="BORDER-TOP: #000000 2px solid; BORDER-RIGHT: #000000 2px solid; WIDTH: 37.94%; VERTICAL-ALIGN: top">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">Lydall, Inc.</div>
              </td>
            </tr>
            <tr>
              <td style="WIDTH: 34.26%; VERTICAL-ALIGN: top; BORDER-LEFT: #000000 2px solid">&#160;</td>
              <td style="WIDTH: 27.8%; VERTICAL-ALIGN: top">&#160;</td>
              <td style="BORDER-RIGHT: #000000 2px solid; WIDTH: 37.94%; VERTICAL-ALIGN: top">&#160;</td>
            </tr>
            <tr>
              <td style="WIDTH: 34.26%; VERTICAL-ALIGN: top; BORDER-LEFT: #000000 2px solid">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">Altra Industrial Motion Corporation</div>
              </td>
              <td style="WIDTH: 27.8%; VERTICAL-ALIGN: top">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">DMC Global Inc.</div>
              </td>
              <td style="BORDER-RIGHT: #000000 2px solid; WIDTH: 37.94%; VERTICAL-ALIGN: top">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">NN, Inc.</div>
              </td>
            </tr>
            <tr>
              <td style="WIDTH: 34.26%; VERTICAL-ALIGN: top; BORDER-LEFT: #000000 2px solid">&#160;</td>
              <td style="WIDTH: 27.8%; VERTICAL-ALIGN: top">&#160;</td>
              <td style="BORDER-RIGHT: #000000 2px solid; WIDTH: 37.94%; VERTICAL-ALIGN: top">&#160;</td>
            </tr>
            <tr>
              <td style="WIDTH: 34.26%; VERTICAL-ALIGN: top; BORDER-LEFT: #000000 2px solid">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">Ampco-Pittsburgh Corporation</div>
              </td>
              <td style="WIDTH: 27.8%; VERTICAL-ALIGN: top">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">Kadant Inc.</div>
              </td>
              <td style="BORDER-RIGHT: #000000 2px solid; WIDTH: 37.94%; VERTICAL-ALIGN: top">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">Perma-Pipe International Holdings, Inc.</div>
              </td>
            </tr>
            <tr>
              <td style="WIDTH: 34.26%; VERTICAL-ALIGN: top; BORDER-LEFT: #000000 2px solid">&#160;</td>
              <td style="WIDTH: 27.8%; VERTICAL-ALIGN: top">&#160;</td>
              <td style="BORDER-RIGHT: #000000 2px solid; WIDTH: 37.94%; VERTICAL-ALIGN: top">&#160;</td>
            </tr>
            <tr>
              <td style="WIDTH: 34.26%; VERTICAL-ALIGN: top; BORDER-LEFT: #000000 2px solid">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">Badger Meter, Inc.</div>
              </td>
              <td style="WIDTH: 27.8%; VERTICAL-ALIGN: top">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">Lawson Products, Inc.</div>
              </td>
              <td style="BORDER-RIGHT: #000000 2px solid; WIDTH: 37.94%; VERTICAL-ALIGN: top">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">Tennant Company</div>
              </td>
            </tr>
            <tr>
              <td style="WIDTH: 34.26%; VERTICAL-ALIGN: top; BORDER-LEFT: #000000 2px solid">&#160;</td>
              <td style="WIDTH: 27.8%; VERTICAL-ALIGN: top">&#160;</td>
              <td style="BORDER-RIGHT: #000000 2px solid; WIDTH: 37.94%; VERTICAL-ALIGN: top">&#160;</td>
            </tr>
            <tr>
              <td style="WIDTH: 34.26%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid; BORDER-LEFT: #000000 2px solid">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">Broadwind Energy, Inc.</div>
              </td>
              <td style="WIDTH: 27.8%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">Lindsay Corporation</div>
              </td>
              <td style="BORDER-RIGHT: #000000 2px solid; WIDTH: 37.94%; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 2px solid">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 9pt">Twin Disc, Incorporated</div>
              </td>
            </tr>

        </table>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">These peer companies reflect similar size, with median revenue of approximately $515 million and annual revenue ranging from
          approximately $100 million to $1 billion, with The Gorman-Rupp Company ranking in the 33<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">rd</sup> percentile in annual revenue.&#160; The Committee also took into account the
          favorable outcome of the shareholders&#8217; advisory vote on executive compensation at the Company&#8217;s 2018 Annual Meeting of Shareholders. The Board, based on the Committee&#8217;s recommendations, approved base salary increases for Executive Officers
          reflecting the Board&#8217;s assessment of all the factors described above.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Following the end of each year and the final preparation of the Company&#8217;s audited financial statements, management calculates the
          total amount of profit sharing available for awarding to the Executive Officers based on the Company&#8217;s achieved operating income and the award percentage determined at the beginning of the year. The Chief Executive Officer then determines a
          recommended allocation of the available profit sharing award pool among the Executive Officers based on the respective Executive Officer&#8217;s prior profit sharing award history and their current year progress assessment.</div>
        <div>&#160;</div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">15</font></div>
          <div id="DSPFPageBreak" style="PAGE-BREAK-AFTER: always">
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Committee reviews with the Chief Executive Officer the recommended profit sharing award for each of the Executive Officers
          (other than the Chief Executive Officer). The Committee independently reviews the profit sharing award for the Chief Executive Officer and develops a recommendation therefor. These profit sharing reviews include consideration of the Chief
          Executive Officer&#8217;s progress assessments of the other Officers, and the Committee&#8217;s independent progress assessment of the Chief Executive Officer and the Company&#8217;s prior profit sharing award history. The Committee then reports the results of its
          profit sharing reviews and recommendations for the Executive Officers to the Board of Directors for its consideration and approval.</div>
        <div><br>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">During 2018, the Compensation Committee of the Board of Directors of the Company approved grants of performance-based shares for
          the Company&#8217;s Executive Officers as follows: Jeffrey S. Gorman&#160;&#8212;7,280&#160; performance-based Common Shares; James C. Kerr &#8212; 5,460 performance-based Common Shares; and Brigette A. Burnell &#8212; 3,640 performance-based Common Shares. At the time of the
          2018 grant, the Compensation Committee recognized that achievement of the three-year performance goals were expected to be very challenging, requiring significant growth from 2017 levels.&#160; The granted shares also may vest to a certain extent in
          the event of a Change of Control (as defined in the Incentive Plan) of the Company or the death, disability or retirement of the grantee.</div>
        <div><br>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center; TEXT-INDENT: 14.4pt">&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold">Summary Compensation Table</font></div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The table below contains information pertaining to the annual compensation of the Company&#8217;s principal executive officer, its
          principal financial officer, and its two other Executive Officers for calendar years 2018, 2017, and 2016.<br>
        </div>
        <table id="z2a58330e3b5d46528506a4fc33da9593" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%" border="0" cellpadding="0" cellspacing="0">

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              <td style="WIDTH: 19%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom">
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left">Name and Principal </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: left">Position</div>
              </td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px" valign="bottom">&#160;</td>
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                <div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Year</div>
              </td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px" valign="bottom">&#160;</td>
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                <div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Salary</div>
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              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px" valign="bottom">&#160;</td>
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              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px" valign="bottom">&#160;</td>
              <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" colspan="2" nowrap="nowrap" valign="bottom">
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Stock </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Awards</div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">(2)</div>
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              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px" valign="bottom">&#160;</td>
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                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">(2)</div>
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              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px" valign="bottom">&#160;</td>
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                  Compensation </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">(2)</div>
              </td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px" valign="bottom">&#160;</td>
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                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">in Pension Value </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">and </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Nonqualified </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Deferred </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Compensation </div>
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              </td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px" valign="bottom">&#160;</td>
              <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" colspan="2" nowrap="nowrap" valign="bottom">
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                  Compensation </div>
                <div style="FONT-SIZE: 8pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">(4)</div>
              </td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px" valign="bottom">&#160;</td>
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                <div style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Total</div>
              </td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
            </tr>
            <tr>
              <td style="FONT-SIZE: 8pt; WIDTH: 19%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 6%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom" colspan="2" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom" colspan="2" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: top" colspan="2" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: top" colspan="2" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: top" colspan="2" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom" colspan="2" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom" colspan="2" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; VERTICAL-ALIGN: bottom" colspan="2" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
            </tr>
            <tr>
              <td style="font-size: 8pt; width: 19%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">Jeffrey S. Gorman(5)</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">2018</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">$</div>
              </td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">460,417</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">$</div>
              </td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">245,000</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">$</div>
              </td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">200,000</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">$</div>
              </td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">179,243</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">$</div>
              </td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">9,134</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">$</div>
              </td>
              <td style="font-size: 8pt; width: 8%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">1,093,794</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
            </tr>
            <tr>
              <td style="font-size: 8pt; width: 19%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;&#160;&#160;President and Chief</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">
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              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">432,500</div>
              </td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">202,000</div>
              </td>
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                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
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                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
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                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
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                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
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                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
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                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 8%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
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              <td style="font-size: 8pt; width: 6%; vertical-align: top; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">2016</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
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              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
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              <td style="FONT-SIZE: 8pt; WIDTH: 8%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
              <td style="FONT-SIZE: 8pt; WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" nowrap="nowrap" valign="bottom">&#160;</td>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
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              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 8%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
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              <td style="font-size: 8pt; width: 19%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">13,000</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 8%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">139,881</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
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            <tr>
              <td style="font-size: 8pt; width: 19%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: center; background-color: rgb(255, 255, 255);" valign="bottom">2016</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">125,000</div>
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              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(255, 255, 255);" valign="bottom">&#160;</td>
              <td style="font-size: 8pt; width: 6%; vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255);" valign="bottom">
                <div style="FONT-FAMILY: 'Times New Roman', Times, serif">11,000</div>
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">The amounts in this column reflect the Executive Officer&#8217;s portion of the profit sharing compensation available to substantially all of the
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">The amounts in this column reflect the aggregate grant date fair value computed in accordance with ASC Topic 718 of the underlying shares
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                  the probable outcome of the relevant performance conditions as of the grant date and may not ultimately be received by the named Executive Officer.&#160; Assuming that the highest level of performance conditions are achieved, the aggregate
                  grant date fair value of the performance-based share awards reported in this column would be: Jeffrey S. Gorman, $300,000; James C. Kerr, $225,000; and Brigette A. Burnell, $150,000.</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(3)</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">The amounts reflect the non-cash change in pension value recognized for financial statement reporting purposes for the fiscal year ended
                  December&#160;31, 2018, in accordance with SEC Release Nos. 33-8732A; 34-54302A. In computing the change in pension value, the Company applies the assumptions used for financial reporting purposes and a measurement date of December&#160;31 for
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        <div>&#160;</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Amounts include taxable life insurance and tax preparation fees, as well as Company contributions to the Company&#8217;s 401(k) Plan, Employee Stock
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(5)</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Mr.&#160;Jeffrey S. Gorman&#8217;s &#8220;Change in Pension Value and Nonqualified Deferred Compensation Earnings&#8221; increased each year due to replacement of
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(6)</div>
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(7)</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Ms.&#160;Burnell&#8217;s &#8220;All Other Compensation&#8221; includes $15,164, $14,962 and $13,178 for calendar years 2018, 2017 and 2016, respectively, for the
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The following table sets forth information regarding the grants of performance-based shares, and other share awards, during 2018 to
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                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Estimated Future Payouts Under Equity<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><br>
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                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">Jeffrey S. Gorman</div>
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                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                <td style="width: 8%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                <td style="width: 8%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 37.61%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
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                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 7.93%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 7.93%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 8%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 7.93%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 1.66%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 37.61%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1.01%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(1)</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">These amounts reflect the threshold, target and maximum number of performance-based shares granted on February 22, 2018 under The Gorman-Rupp
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(2)</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">The value of performance-based shares is calculated assuming achievement of the target level of performance based on the closing market value of
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Except for certain limited circumstances as set forth in the Incentive Plan (such as death or a Change in Control), all performance-based shares
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; TEXT-ALIGN: justify">On April 25, 2018, the Compensation Committee approved an unrestricted share award to Ms. Burnell in connection with her
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: center">&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Outstanding Equity Awards at December&#160;31, 2018</div>
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                <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px">&#160;</td>
                <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px">&#160;</td>
                <td style="WIDTH: 15%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px">&#160;</td>
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                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Stock Awards</div>
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                <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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              <tr>
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                <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
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                <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 15%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
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                <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 47%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(1)</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">The values equal the number of performance-based shares indicated multiplied by the closing price of the Company&#8217;s Common Shares of $32.41 on
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        <div>&#160;</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Represents 2018 grants.&#160; These performance shares vest following conclusion of the relevant performance period on December 31, 2020 based upon
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Represents 2017 grants.&#160; These performance-based shares vest following conclusion of the relevant performance period on December&#160;31, 2019 based
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Represents 2016 grants.&#160; These performance-based shares were scheduled to vest following conclusion of the relevant performance period on
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          interest rate for 2018-2020 with a 4.0% interest rate thereafter, a 3.27% discount rate and the RP-2014 Mortality Table adjusted to Scale MP-2017 with Generational Projection (Scale MP-2018). Base compensation in excess of $275,000 is not taken
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The table below summarizes the number of years of credited service and the present value of accumulated pension benefit for the two
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          <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">&#160;</div>
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                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px">&#160;</td>
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                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px">&#160;</td>
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                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">&#160;</div>
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                  <td style="WIDTH: 21%; VERTICAL-ALIGN: bottom">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom">&#160;</td>
                  <td style="WIDTH: 28%; VERTICAL-ALIGN: bottom">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom">&#160;</td>
                  <td style="WIDTH: 10%; VERTICAL-ALIGN: bottom">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom">&#160;</td>
                  <td style="WIDTH: 10%; VERTICAL-ALIGN: bottom">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom">&#160;</td>
                  <td style="WIDTH: 10%; VERTICAL-ALIGN: bottom">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom">&#160;</td>
                  <td style="WIDTH: 10%; VERTICAL-ALIGN: bottom">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom">&#160;</td>
                </tr>
                <tr>
                  <td style="width: 21%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">Jeffrey S. Gorman</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 28%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">The Gorman-Rupp Company Retirement Plan</div>
                  </td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">2018</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">40</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">$</div>
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                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">1,690,721</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">$</div>
                  </td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">0</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <tr>
                  <td style="width: 21%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">President and Chief</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 28%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">2017</div>
                  </td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">39</div>
                  </td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">1,511,478</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">0</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <tr>
                  <td style="width: 21%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Executive Officer</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 28%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">2016</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">38</div>
                  </td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">1,392,385</div>
                  </td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(241, 241, 241);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">0</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);">&#160;</td>
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                <tr>
                  <td style="WIDTH: 21%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                  <td style="WIDTH: 28%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                  <td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                  <td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                  <td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                  <td style="WIDTH: 10%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                  <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff">&#160;</td>
                </tr>
                <tr>
                  <td style="width: 21%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">James C. Gorman</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 28%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">The Gorman-Rupp Company Retirement Plan</div>
                  </td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">2018</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">69</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">$</div>
                  </td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">218,265</div>
                  </td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">73,224</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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                <tr>
                  <td style="width: 21%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt">Chairman</div>
                  </td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 28%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">2017</div>
                  </td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">68</div>
                  </td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">235,983</div>
                  </td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">73,224</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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                <tr>
                  <td style="width: 21%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 28%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">2016</div>
                  </td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">67</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">251,398</div>
                  </td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
                  <td style="width: 10%; vertical-align: bottom; background-color: rgb(255, 255, 255);">
                    <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">73,224</div>
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                  <td style="width: 1%; vertical-align: bottom; background-color: rgb(255, 255, 255);">&#160;</td>
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          <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">&#160;</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">The credited years of service are determined as of a measurement date of December&#160;31, 2018.</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
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              <td style="width: 7.46%; vertical-align: middle;">&#160;</td>
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              <td style="width: 8.44%; vertical-align: middle;">&#160;</td>
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              <td style="width: 15.65%; vertical-align: middle;">&#160;</td>
              <td style="width: 3.63%; vertical-align: middle;">&#160;</td>
              <td style="width: 7.46%; vertical-align: middle;">&#160;</td>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;</div>
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              <td style="width: 55.48%; vertical-align: middle;">&#160;</td>
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              <td style="width: 15.65%; vertical-align: middle;">&#160;</td>
              <td style="width: 3.63%; vertical-align: middle;">&#160;</td>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">&#160;&#160;</div>
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              <td style="width: 3.63%; vertical-align: middle;">&#160;</td>
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              <td style="width: 55.48%; vertical-align: middle;">&#160;</td>
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              <td style="width: 1.08%; vertical-align: middle;">&#160;</td>
              <td style="width: 15.65%; vertical-align: middle;">&#160;</td>
              <td style="width: 3.63%; vertical-align: middle;">&#160;</td>
              <td style="width: 7.46%; vertical-align: middle;">&#160;</td>
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              <td style="width: 15.65%; vertical-align: middle;">&#160;</td>
              <td style="width: 3.63%; vertical-align: middle;">&#160;</td>
              <td style="width: 7.46%; vertical-align: middle;">&#160;</td>
              <td style="width: 0.16%; vertical-align: middle;">&#160;</td>
              <td style="width: 8.44%; vertical-align: middle;">&#160;</td>
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              <td style="width: 7.73%; vertical-align: middle;">&#160;</td>
              <td style="width: 1.08%; vertical-align: middle;">&#160;</td>
              <td style="width: 15.65%; vertical-align: middle;">&#160;</td>
              <td style="width: 3.63%; vertical-align: middle;">&#160;</td>
              <td style="width: 7.46%; vertical-align: middle;">&#160;</td>
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              <td style="width: 8.44%; vertical-align: middle;">&#160;</td>
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              <td style="width: 0.16%; vertical-align: middle; background-color: rgb(241, 241, 241);">&#160;</td>
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              <td style="width: 7.73%; vertical-align: middle;">&#160;</td>
              <td style="width: 1.08%; vertical-align: middle;">&#160;</td>
              <td style="width: 15.65%; vertical-align: middle;">&#160;</td>
              <td style="width: 3.63%; vertical-align: middle;">&#160;</td>
              <td style="width: 7.46%; vertical-align: middle;">&#160;</td>
              <td style="width: 0.16%; vertical-align: middle;">&#160;</td>
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              <td style="width: 15.65%; vertical-align: middle;">&#160;</td>
              <td style="width: 3.63%; vertical-align: middle;">&#160;</td>
              <td style="width: 7.46%; vertical-align: middle;">&#160;</td>
              <td style="width: 0.16%; vertical-align: middle;">&#160;</td>
              <td style="width: 8.44%; vertical-align: middle;">&#160;</td>
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              <td style="width: 7.73%; vertical-align: middle;">&#160;</td>
              <td style="width: 1.08%; vertical-align: middle;">&#160;</td>
              <td style="width: 15.65%; vertical-align: middle;">&#160;</td>
              <td style="width: 3.63%; vertical-align: middle;">&#160;</td>
              <td style="width: 7.46%; vertical-align: middle;">&#160;</td>
              <td style="width: 0.16%; vertical-align: middle;">&#160;</td>
              <td style="width: 8.44%; vertical-align: middle;">&#160;</td>
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              <td style="width: 3.63%; vertical-align: middle; background-color: rgb(241, 241, 241);">&#160;</td>
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              <td style="width: 15.65%; vertical-align: middle; background-color: rgb(241, 241, 241);">&#160;</td>
              <td style="width: 3.63%; vertical-align: middle; background-color: rgb(241, 241, 241);">&#160;</td>
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              <td style="width: 1.08%; vertical-align: middle;">&#160;</td>
              <td style="width: 15.65%; vertical-align: middle;">&#160;</td>
              <td style="width: 3.63%; vertical-align: middle;">&#160;</td>
              <td style="width: 7.46%; vertical-align: middle;">&#160;</td>
              <td style="width: 0.16%; vertical-align: middle;">&#160;</td>
              <td style="width: 8.44%; vertical-align: middle;">&#160;</td>
              <td style="width: 0.37%; vertical-align: bottom;">&#160;</td>
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              <td style="width: 1.08%; vertical-align: middle;">&#160;</td>
              <td style="width: 15.65%; vertical-align: middle;">&#160;</td>
              <td style="width: 3.63%; vertical-align: middle;">&#160;</td>
              <td style="width: 7.46%; vertical-align: middle;">&#160;</td>
              <td style="width: 0.16%; vertical-align: middle;">&#160;</td>
              <td style="width: 8.44%; vertical-align: middle;">&#160;</td>
              <td style="width: 0.37%; vertical-align: bottom;">&#160;</td>
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              </tr>

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        </div>
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              <tr>
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                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(9)</div>
                  <div>&#160;</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Based on a Schedule 13G/A filed with the SEC on February 14, 2019.&#160; The filing indicates that, as of December&#160;31, 2018, Amundi Pioneer Asset
                    Management, Inc. had beneficial ownership of 1,436,981 shares, including shared voting power over 1,436,981 shares.</div>
                </td>
              </tr>

          </table>
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        <div>
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              <tr>
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                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(10)</div>
                  <div>&#160;</div>
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                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Based on a Schedule 13G/A filed with the SEC on February 11, 2019. The filing indicates that, as of December&#160;31, 2018, The Vanguard Group had
                    beneficial ownership of 1,985,772 shares, including sole voting power over 21,366 shares, shared voting power over 1,032 shares, sole dispositive power over 1,964,742 shares and shared dispositive power over 21,030 shares.</div>
                </td>
              </tr>

          </table>
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        <div>
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              <tr>
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                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(11)</div>
                </td>
                <td style="WIDTH: auto; VERTICAL-ALIGN: top">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Includes 4,107 shares owned by Ms.&#160;Green&#8217;s husband and 517,660 shares owned by her adult children. Ms.&#160;Green considers that she shares the
                    voting and investment power with respect to all of the foregoing shares, but otherwise disclaims any beneficial interest therein. The amount shown in the table excludes 116,821 shares held in trust in which Ms.&#160;Green has a beneficial
                    interest. Ms.&#160;Green disclaims beneficial ownership of all of the shares referred to in this note (10). Ms.&#160;Green is the daughter of Mr.&#160;J. C. Gorman and the sister of Mr.&#160;J. S. Gorman.</div>
                </td>
              </tr>

          </table>
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        <div>
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                <td style="WIDTH: 31.5pt; VERTICAL-ALIGN: top; align: right">
                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(12)</div>
                </td>
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                  <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Applicable percentage ownership is based upon 26,117,045 of the Company&#8217;s outstanding Common Shares as of December&#160;31, 2018.</div>
                </td>
              </tr>

          </table>
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-ALIGN: left">Section 16(a) Beneficial Ownership Reporting Compliance</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Section 16(a) of the Securities Exchange Act of 1934 requires our officers, directors, and persons who are beneficial owners of
          more than ten percent of the Company&#8217;s common shares to file reports of ownership and changes in ownership with the SEC.&#160; To the best of its knowledge, the Company believes that, during the past year, all applicable filing requirements for
          reporting persons were met.</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left; TEXT-INDENT: 14.4pt">&#160;</div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
          <div id="DSPFPageNumberArea" style="TEXT-ALIGN: center"><font id="DSPFPageNumber" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: normal; COLOR: #000000; FONT-STYLE: normal">23</font></div>
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        </div>
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            <tr>
              <td style="WIDTH: 50%; VERTICAL-ALIGN: middle; BACKGROUND-COLOR: #f2f2f2">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">The Board of Directors unanimously recommends that you vote FOR </div>
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Proposal&#160;No.&#160;2 to approve the advisory resolution on the compensation of the </div>
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Company&#8217;s named Executive Officers.</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">ADVISORY VOTE ON THE COMPENSATION OF THE COMPANY&#8217;S</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">NAMED EXECUTIVE OFFICERS</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">(Proposal&#160;No.&#160;2)</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">This proposal is for a non-binding, advisory vote to approve the compensation of the Company&#8217;s named Executive Officers pursuant to
          Section&#160;14A of the Securities Exchange Act of 1934, as amended. This vote is not intended to address any specific item of compensation, but rather the overall compensation of the named Executive Officers and the compensation philosophy, policies
          and practices as described in the Executive Compensation&#160;&#8212; Compensation Discussion and Analysis narrative discussion, Summary Compensation Table and the other related tables and narrative disclosure included in this Proxy Statement. As detailed
          therein, the Directors are focused on compensating the Executive Officers fairly and in a manner that promotes the Company&#8217;s compensation philosophy that compensation of the Executive Officers should be aligned with the Company&#8217;s historical
          compensation, its culture, and its profitability for the continued achievement of long-term shareholder value. Accordingly, the Company is asking shareholders to vote &#8220;FOR&#8221; the adoption of the following resolution:</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">&#8220;RESOLVED, that the shareholders of The Gorman-Rupp Company approve, on an advisory basis, the compensation of the Company&#8217;s named
          Executive Officers, as disclosed in the Executive Compensation &#8212; Compensation Discussion and Analysis narrative discussion, Summary Compensation Table and the other related tables and narrative disclosure included in the Company&#8217;s 2019 Proxy
          Statement.&#8221;</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">While not binding on the Company, the Board of Directors or the Compensation Committee, the results of shareholder voting on this
          proposal will be considered by the Board and Compensation Committee when making future compensation decisions for the Company&#8217;s named Executive Officers.</div>
        <div id="DSPFPageBreakArea" style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt">
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            <tr>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">The Board of Directors unanimously recommends that you vote FOR </div>
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Proposal&#160;No.&#160;3 to ratify the appointment of Ernst&#160;&amp; Young LLP as the </div>
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">Company&#8217;s independent registered public accounting firm.</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">(Proposal&#160;No.&#160;3)</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">This proposal is for a vote to ratify the appointment by the Audit Committee of the Board of Directors of Ernst&#160;&amp; Young LLP as
          the independent registered public accounting firm for the Company during the year ending December&#160;31, 2019. Ernst &amp; Young LLP has served as the Company&#8217;s independent external auditor continuously for over fifty years.&#160; Representatives of
          Ernst&#160;&amp; Young LLP are expected to be present at the Meeting, will have an opportunity to make a statement if they so desire, and are expected to be available to respond to appropriate questions.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; FONT-STYLE: italic; TEXT-ALIGN: left">Fees paid to Auditors</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Company paid Ernst&#160;&amp; Young LLP the following fees in connection with the Company&#8217;s fiscal years ended December&#160;31, 2018 and
          2017:</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">&#160;</div>
        <table id="z20d877641e50422aa950fbd12790e15c" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 90%" align="center" border="0" cellpadding="0" cellspacing="0">

            <tr>
              <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 9pt">Ernst &amp; Young</div>
              </td>
              <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom">&#160;</td>
              <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" colspan="2" nowrap="nowrap" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">2018</div>
              </td>
              <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" valign="bottom">&#160;</td>
              <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid" colspan="2" nowrap="nowrap" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: right">2017</div>
              </td>
              <td style="VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left" nowrap="nowrap" valign="bottom">&#160;</td>
            </tr>
            <tr>
              <td style="width: 76%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 9pt">Audit Fees(1)</div>
              </td>
              <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">$</div>
              </td>
              <td style="width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">1,313,400</div>
              </td>
              <td style="width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">$</div>
              </td>
              <td style="width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">1,389,700</div>
              </td>
              <td style="width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
            </tr>
            <tr>
              <td style="WIDTH: 76%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 9pt">Audit-Related Fees(2)</div>
              </td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
              <td style="WIDTH: 9%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">48,800</div>
              </td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
              <td style="WIDTH: 9%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">111,300</div>
              </td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" nowrap="nowrap" valign="bottom">&#160;</td>
            </tr>
            <tr>
              <td style="width: 76%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 9pt">Tax Fees(3)</div>
              </td>
              <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">3,000</div>
              </td>
              <td style="width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">3,000</div>
              </td>
              <td style="width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
            </tr>
            <tr>
              <td style="WIDTH: 76%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 9pt">All Other Fees(4)</div>
              </td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
              <td style="WIDTH: 9%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
              </td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" valign="bottom">&#160;</td>
              <td style="WIDTH: 9%; VERTICAL-ALIGN: bottom; BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: right; BACKGROUND-COLOR: #ffffff" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">-</div>
              </td>
              <td style="WIDTH: 1%; VERTICAL-ALIGN: bottom; PADDING-BOTTOM: 2px; TEXT-ALIGN: left; BACKGROUND-COLOR: #ffffff" nowrap="nowrap" valign="bottom">&#160;</td>
            </tr>
            <tr>
              <td style="width: 76%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-LEFT: 9pt">Total</div>
              </td>
              <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">$</div>
              </td>
              <td style="width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">1,365,200</div>
              </td>
              <td style="width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
              <td style="width: 1%; vertical-align: bottom; background-color: rgb(241, 241, 241);" valign="bottom">&#160;</td>
              <td style="width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">$</div>
              </td>
              <td style="width: 9%; vertical-align: bottom; text-align: right; background-color: rgb(241, 241, 241);" valign="bottom">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">1,504,000</div>
              </td>
              <td style="width: 1%; vertical-align: bottom; text-align: left; background-color: rgb(241, 241, 241);" nowrap="nowrap" valign="bottom">&#160;</td>
            </tr>

        </table>
        <div>&#160;</div>
        <table id="z29f2f74ff51c4a99bb97010cedecb7d2" style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; WIDTH: 100%; BORDER-COLLAPSE: collapse" border="0" cellpadding="0" cellspacing="0">

            <tr>
              <td style="WIDTH: 4%; VERTICAL-ALIGN: top">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">(1)</div>
              </td>
              <td style="WIDTH: 96%; VERTICAL-ALIGN: top">
                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Audit fees consist of the aggregate fees billed for professional services rendered for the audit of the Company&#8217;s annual financial statements
                  and the reviews of the Company&#8217;s interim financial statements included in its quarterly reports on Form&#160;10-Q, or services that are normally provided by the accounting firm in connection with statutory and regulatory filings or engagements
                  for those fiscal years.</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Audit-related fees consist of the aggregate fees billed for assurance and related services that are reasonably related to the performance of the
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">Tax fees consist of the aggregate fees billed for professional services rendered for tax compliance, tax consulting and tax planning.</div>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">The &#8220;all other fees&#8221; category consists of the aggregate fees billed for products and services provided not included in the other three
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        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Under its charter, the Audit Committee is directly responsible for the oversight of the work of Ernst&#160;&amp; Young LLP and has the
          sole authority to (i)&#160;appoint, retain and terminate Ernst&#160;&amp; Young LLP, (ii)&#160;pre-approve all audit engagement fees, terms and services, and (iii)&#160;pre-approve scope and fees for any non-audit engagements with Ernst&#160;&amp; Young LLP. The
          Committee exercises this authority in a manner consistent with applicable law and the rules of the SEC and the NYSE, and Ernst&#160;&amp; Young LLP reports directly to the Audit Committee. In addition, the Audit Committee has determined to delegate
          its authority to grant any pre-approvals to its Chairman, subject to the report of any such pre-approvals to the Audit Committee at its next scheduled meeting for ratification. Further, in conjunction with the mandated rotation of the auditing
          firm&#8217;s lead engagement partner, the Audit Committee is directly involved in the selection of Ernst &amp; Young LLP&#8217;s new lead engagement partner.&#160; In accordance with its charter, the Audit Committee pre-approved all services performed by the
          Company&#8217;s independent registered public accounting firm in 2018.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Ratification by the shareholders of the appointment of Ernst&#160;&amp; Young LLP is not required by law. However, the Board of
          Directors believes that shareholders should be given this opportunity to express their views on the subject. While not binding on the Audit Committee, the failure of the shareholders to ratify the appointment of Ernst&#160;&amp; Young LLP as the
          Company&#8217;s independent registered public accountants would be considered by the Audit Committee in determining whether to continue the engagement of Ernst&#160;&amp; Young LLP. Even if the appointment is ratified, the Audit Committee may, in its
          discretion, select a different firm of independent registered public accountants for the Company at any time during the year if it determines that such a change would be in the best interests of the Company and its shareholders.</div>
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">GENERAL INFORMATION</div>
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The Company&#8217;s 2018 Annual Report to Shareholders, including financial statements, is being mailed concurrently with this Proxy
          Statement to all shareholders of the Company.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">The cost of soliciting proxies will be paid by the Company. In addition to the use of the mails, proxies may be solicited
          personally or by telephone, facsimile or other means of communication by employees of the Company. No separate compensation will be paid for the solicitation of proxies, although the Company may reimburse brokers and other persons holding Common
          Shares in their names or in the names of nominees for their expenses in sending proxy materials to the beneficial owners of such Common Shares.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Any proposal by a shareholder intended to be included in the proxy materials to be distributed by the Company in connection with
          the 2020 Annual Meeting of Shareholders must be received by the Company on or before November&#160;23, 2019. If notice of a shareholder proposal is received after February&#160;6, 2020, proxies solicited by the Company in connection with the 2020 Annual
          Meeting are expected to grant the proxy holders discretionary voting authority on the proposal if and when it is raised at such Annual Meeting, regardless of whether the proposal is disclosed in the Company&#8217;s proxy materials.</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Interested parties desiring to communicate concerns regarding the Company to the Lead Independent Director or to the Non-Employee
          Directors as a group may direct correspondence to: Ms. M. Ann Harlan, Lead Independent Director, The Gorman-Rupp Company Board of Directors, The Gorman-Rupp Company, PO Box 1217, Mansfield, OH 44901-1217.&#160; Alternatively, interested parties who
          wish to communicate with an individual director or any group of directors may write to such director(s) at The Gorman-Rupp Company, PO Box 1217, Mansfield, OH 44901-1217, Attn: Corporate Secretary.&#160; All such letters will be forwarded promptly to
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        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: center">OTHER BUSINESS</div>
        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">Financial and other reports will be submitted to the Meeting, but it is not intended that any action will be taken in respect
          thereof. The Company did not receive notice by February&#160;6, 2019 of, and the Board of Directors is not aware of, any matters other than those referred to in this Proxy Statement which might be brought before the Meeting for action. Therefore, if
          any such other matters should arise, it is intended that the persons appointed as proxy holders will vote or act thereon in accordance with their own judgment.</div>
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        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-WEIGHT: bold; TEXT-ALIGN: justify; TEXT-INDENT: 14.4pt">You are urged to date, sign and return your proxy promptly. For your convenience, enclosed is a self-addressed
          return envelope requiring no postage if mailed in the United States.</div>
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              <td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">By Order of the Board of Directors</div>
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              <td style="WIDTH: 50%; VERTICAL-ALIGN: top">&#160;</td>
              <td style="WIDTH: 50%; VERTICAL-ALIGN: top">
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            <tr>
              <td style="WIDTH: 50%; VERTICAL-ALIGN: bottom">&#160;</td>
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                <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">BRIGETTE A. BURNELL</div>
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        <div>&#160;</div>
        <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: left">March 22, 2019</div>
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        <div>&#160;</div>
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          <title></title>
          <!--Licensed to: ditech
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                  <p style="COLOR: red; FONT: 10pt Arial, Helvetica, Sans-Serif; MARGIN: 3pt 0px 3pt 0.5in"> </p>
                  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px 0pt 0.5in">&#160;</p>
                  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px 0pt 0.5in">&#160;</p>
                  <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px 0pt 0.5in">&#160;</p>
                  <p style="FONT: italic 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0pt 0px 0pt 0.5in">&#160;</p>
                  <p style="FONT: italic 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0pt 0px 0pt 0.5in">&#160;</p>
                  <p style="FONT: italic 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0pt 0px 0pt 0.5in">THE GORMAN-RUPP COMPANY<br>
                    600 SOUTH AIRPORT ROAD <br>
                    P.O. BOX 1217 <br>
                    MANSFIELD, &#160;&#160;OH &#160;&#160;&#160;44901-1217</p>
                  <p style="FONT: italic 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0pt 0px">&#160;</p>
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                  <p style="FONT: bold 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px">VOTE BY INTERNET - www.proxyvote.com</p>
                  <p style="TEXT-ALIGN: left; FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px">Use the Internet to transmit your voting instructions and for electronic delivery of information. Vote by 11:59 P.M. ET on 04/24/2019 for shares held
                    directly and by 10:00 A.M. ET on 04/24/2019 for shares held in the 401(k) Plan. Have your proxy card in hand when you access the web site and follow the instructions to obtain your records and to create an electronic voting instruction
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                  <p style="FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px">&#160;</p>
                  <p style="FONT: bold 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px">ELECTRONIC DELIVERY OF FUTURE PROXY MATERIALS</p>
                  <p style="FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px">If you would like to reduce the costs incurred by our company in mailing proxy materials, you can consent to receiving all future proxy statements, proxy cards and annual
                    reports electronically via e-mail or the Internet. To sign up for electronic delivery, please follow the instructions above to vote using the Internet and, when prompted, indicate that you agree to receive or access proxy materials
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                  <p style="FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px">&#160;</p>
                  <p style="FONT: bold 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px">VOTE BY PHONE - 1-800-690-6903</p>
                  <p style="FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px">Use any touch-tone telephone to transmit your voting instructions. Vote by 11:59 P.M. ET on 04/24/2019 for shares held directly and by 10:00 A.M. ET on 04/24/2019 for shares
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                  <p style="FONT: bold 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0px">VOTE BY MAIL</p>
                  <p style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; MARGIN: 0px">Mark, sign and date your proxy card and return it in the postage-paid envelope we have provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes
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                <td style="BORDER-BOTTOM: black 2px dashed; TEXT-ALIGN: right; FONT: 8pt Arial, Helvetica, Sans-Serif">KEEP THIS PORTION FOR YOUR RECORDS</td>
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                <td style="PADDING-BOTTOM: 5pt; TEXT-ALIGN: center; PADDING-TOP: 5pt; FONT: 8pt Arial, Helvetica, Sans-Serif" nowrap="nowrap"><b>THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.</b></td>
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                <td style="FONT-SIZE: 8pt; BORDER-TOP: black 2px solid; FONT-FAMILY: Arial, Helvetica, Sans-Serif; WIDTH: 3%">&#160;</td>
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                <td style="FONT-SIZE: 8pt; BORDER-TOP: black 2px solid; FONT-FAMILY: Arial, Helvetica, Sans-Serif; WIDTH: 5%">&#160;</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: justify" rowspan="2">To withhold authority to vote for any individual nominee(s), mark &#8220;For All Except&#8221; and write the number(s) of the nominee(s) on the line
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; VERTICAL-ALIGN: top">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; VERTICAL-ALIGN: top">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; VERTICAL-ALIGN: top">&#160;</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">1.</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: justify" colspan="3">Election of Directors</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif"><b>Nominees</b></td>
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                <td></td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">01&#160;</td>
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                  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;05&#160;&#160;&#160;&#160; Sonja K. McClelland</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">06</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif" colspan="7"><b>The Board of Directors recommends you vote FOR proposals 2. and 3.</b></td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: center"><b>For</b></td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: center"><b>Abstain</b></td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-LEFT: black 2px solid">&#160;</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif" colspan="8">&#160;</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">2.</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: justify" colspan="8">Approve, on an advisory basis, the compensation of the Company's named Executive Officers.</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: center">&#9744;</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif" colspan="8">&#160;</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">3.</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif" colspan="8">Ratify the appointment of Ernst &amp; Young LLP as independent registered public accountants for the Company during the year ending December 31, 2019.</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: center">&#9744;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: center">&#9744;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: center">&#9744;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif" colspan="8">&#160;</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: justify" colspan="9"><b>NOTE: </b>In their discretion, the Proxies are authorized to vote upon and conduct such other business as may properly come before
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: center">&#160;</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif" colspan="2">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif" colspan="2">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-LEFT: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif" colspan="2">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
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              <tr style="VERTICAL-ALIGN: top">
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-LEFT: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif" colspan="2">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
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              <tr style="VERTICAL-ALIGN: top">
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-LEFT: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif" colspan="2">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
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              <tr style="VERTICAL-ALIGN: top">
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-LEFT: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif" colspan="2">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: center">&#160;<b>Yes</b></td>
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                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
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              <tr style="VERTICAL-ALIGN: top">
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-LEFT: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: center">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: center">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: center">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
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              <tr style="VERTICAL-ALIGN: top">
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-LEFT: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif" colspan="4">Please indicate if you plan to attend this meeting</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: center">&#9744;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: center">&#9744;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; TEXT-ALIGN: center">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
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              <tr style="VERTICAL-ALIGN: top">
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-LEFT: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif" colspan="2">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
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              <tr style="VERTICAL-ALIGN: top">
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-LEFT: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="TEXT-ALIGN: justify; FONT: 8pt Arial, Helvetica, Sans-Serif" colspan="6">Please sign exactly as your name(s) appear(s) above. If signing as attorney, executor, administrator, trustee or guardian, please give full title as such;
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                <td style="TEXT-ALIGN: justify">&#160;</td>
                <td style="TEXT-ALIGN: justify">&#160;</td>
                <td style="TEXT-ALIGN: justify">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
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              <tr style="VERTICAL-ALIGN: top">
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-LEFT: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-BOTTOM: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-BOTTOM: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-BOTTOM: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-BOTTOM: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-BOTTOM: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-BOTTOM: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
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              <tr style="VERTICAL-ALIGN: top">
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-LEFT: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-BOTTOM: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-BOTTOM: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-BOTTOM: black 2px solid">&#160;</td>
                <td style="BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 2px solid">
                  <p style="FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in">&#160;</p>
                  <p style="FONT: 8pt Arial, Helvetica, Sans-Serif; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in">&#160;</p>
                </td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid; BORDER-BOTTOM: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-RIGHT: black 2px solid">&#160;</td>
              </tr>
              <tr style="VERTICAL-ALIGN: top">
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif; BORDER-LEFT: black 2px solid">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif" colspan="3">Signature [PLEASE SIGN WITHIN BOX]</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">Date</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
                <td style="FONT-SIZE: 8pt; FONT-FAMILY: Arial, Helvetica, Sans-Serif">&#160;</td>
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<DOCUMENT>
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<DOCUMENT>
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<SEQUENCE>7
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
