<SEC-DOCUMENT>0001178913-23-000787.txt : 20230228
<SEC-HEADER>0001178913-23-000787.hdr.sgml : 20230228
<ACCEPTANCE-DATETIME>20230228090014
ACCESSION NUMBER:		0001178913-23-000787
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20230228
FILED AS OF DATE:		20230228
DATE AS OF CHANGE:		20230228

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ituran Location & Control Ltd.
		CENTRAL INDEX KEY:			0001337117
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32618
		FILM NUMBER:		23678786

	BUSINESS ADDRESS:	
		STREET 1:		3 HASHIKMA STREET
		CITY:			AZOOR
		STATE:			L3
		ZIP:			58001
		BUSINESS PHONE:		972-3-557-1333

	MAIL ADDRESS:	
		STREET 1:		3 HASHIKMA STREET
		CITY:			AZOOR
		STATE:			L3
		ZIP:			58001
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>zk2329310.htm
<DESCRIPTION>6-K
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: ZKG
         Document created using Broadridge PROfile 23.1.1.5115
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div>
      <div style="line-height: 1.25; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-style: normal; font-variant: normal; text-transform: none;">
        <div style="text-align: center; line-height: 1.25;">SECURITIES AND EXCHANGE COMMISSION</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;">&#160;</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">Washington, D.C. 20549</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;">&#160;</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">________________________</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;">&#160;</div>
      </div>
      <div style="line-height: 1.25; background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-style: normal; font-variant: normal; text-transform: none;">
        <div style="text-align: center; line-height: 1.25;">FORM 6-K</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;">&#160;</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">REPORT OF FOREIGN ISSUER<br>
          PURSUANT TO RULE 13a-16 OR 15d-16 OF THE<br>
          SECURITIES EXCHANGE ACT OF 1934</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;">&#160;</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">February 28, 2023</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;">&#160;</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">Commission File Number: 001-32618</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;">&#160;</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">Ituran Location and Control Ltd.</div>
        <div style="text-align: center; line-height: 1.25; font-style: italic;">(Exact name of Registrant as specified in its Charter)</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;">&#160;</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">________________________</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;">&#160;</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">3 Hashikma Street, Azour 58001, Israel</div>
        <div style="text-align: center; line-height: 1.25; font-style: italic;">(Address of Registrant&#8217;s principal executive offices)</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;">&#160;</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="text-align: center; line-height: 1.25; font-weight: bold;">________________________</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;">&#160;</div>
      </div>
      <div style="line-height: 1.25; text-indent: 18pt;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</div>
      <div style="margin-right: 39.65pt; line-height: 1.25;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Form 20-F&#160;<font style="font-family: 'Segoe UI Symbol',sans-serif;">&#9746;</font>&#160;&#160;&#160;Form 40-F <font style="font-family: 'Segoe UI Symbol',sans-serif;">&#9744;</font></div>
      <div style="margin-right: 39.65pt; line-height: 1.25;">&#160;</div>
      <div style="line-height: 1.25; text-indent: 18pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (1):</div>
      <div style="margin-right: 39.65pt; line-height: 1.25;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Yes <font style="font-family: 'Segoe UI Symbol',sans-serif;">&#9744;</font>&#160; No&#160;<font style="font-family: 'Segoe UI Symbol',sans-serif;">&#9746;</font></div>
      <div style="margin-right: 39.65pt; line-height: 1.25;">&#160;</div>
      <div style="line-height: 1.25; text-indent: 18pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b) (7):</div>
      <div style="margin-right: 39.65pt; line-height: 1.25;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Yes <font style="font-family: 'Segoe UI Symbol',sans-serif;">&#9744;</font> No&#160;<font style="font-family: 'Segoe UI Symbol',sans-serif;">&#9746;</font></div>
      <div style="margin-right: 39.65pt; line-height: 1.25;">&#160;</div>
      <div style="line-height: 1.25; text-indent: 18pt;">&#160;Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
        Securities Exchange Act of 1934.</div>
      <div style="margin-right: 39.65pt; line-height: 1.25;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif;">Yes <font style="font-family: 'Segoe UI Symbol',sans-serif;">&#9744;</font> No&#160;<font style="font-family: 'Segoe UI Symbol',sans-serif;">&#9746;</font></div>
      <div style="margin-right: 39.65pt; line-height: 1.25;">&#160;</div>
      <div style="line-height: 1.25; text-indent: 18pt;">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): ______</div>
      <div style="margin-right: 39.65pt; margin-left: 14.2pt; line-height: 1.25;">&#160;</div>
      <div style="margin-right: 39.65pt; line-height: 1.25;">This 6-K Report of Ituran, is incorporated by reference into Ituran registration statement on Form F-3 (File No. 333-222289).</div>
      <div style="margin-right: 39.65pt; line-height: 1.25;"> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      &#160;
      <div style="line-height: 1.25;">
        <div style="text-align: justify; margin-right: 39.65pt; line-height: 1.25;">On February 28, 2023, Ituran Location and Control Ltd. issued a press release announcing its board of directors resolution expansion of the company's ongoing repurchase
          program.</div>
        <div style="line-height: 1.25">&#160;</div>
      </div>
      <div style="line-height: 1.25;">
        <div style="margin-right: 39.65pt; line-height: 1.25;">The following document is attached hereto and incorporated by reference herein:</div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="margin-right: 39.65pt; line-height: 1.25;"><a href="exhibit_99-1.htm"><font style="font-weight: bold;"><u>Exhibit 99.1</u></font> Press release, dated
            February 28, 2023 titled "Ituran Location &amp; Control&#8221; Announces $10 Million&#160; Expansion of the Share Repurchase Program"</a></div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
          <div style="page-break-after: always;" class="BRPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
      </div>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25; font-weight: bold;"><u>SIGNATURE</u></div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="line-height: 1.25;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.</div>
        <div style="line-height: 1.25">&#160;</div>
      </div>
      <table cellspacing="0" cellpadding="0" id="za896dab792d14c73904228fe2dfe749e" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 50%; vertical-align: middle;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 3%; vertical-align: middle;">
              <div style="line-height: 1.25;">ITURAN LOCATION &amp; CONTROL LTD.</div>
            </td>
            <td colspan="1" style="width: 20%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: middle;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 3%; vertical-align: middle;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 27%; vertical-align: middle;">
              <div style="line-height: 1.25;">(Registrant)</div>
            </td>
            <td colspan="1" style="width: 20%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: middle;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 3%; vertical-align: middle;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 27%; vertical-align: middle;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td colspan="1" style="width: 20%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: middle; padding-bottom: 2px;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 3%; vertical-align: middle; padding-bottom: 2px;">
              <div style="line-height: 1.25;">By:&#160;</div>
            </td>
            <td style="width: 27%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="line-height: 1.25;">/s/ Eyal Sheratzky</div>
            </td>
            <td colspan="1" style="width: 20%; vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: middle;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 3%; vertical-align: middle;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 27%; vertical-align: middle;">
              <div style="line-height: 1.25;">Name:&#160;Eyal Sheratzky</div>
            </td>
            <td colspan="1" style="width: 20%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: middle;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 3%; vertical-align: middle;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 27%; vertical-align: middle;">
              <div style="line-height: 1.25;">Title:&#160;&#160;&#160;Co-Chief Executive Officer</div>
              <div style="line-height: 1.25;"><font style="line-height: 1.25;">&#160;</font></div>
              <div style="line-height: 1.25;">Date: February 28, 2023</div>
            </td>
            <td colspan="1" style="width: 20%; vertical-align: middle;">&#160;</td>
          </tr>

      </table>
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25">&#160;
          <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
        <div style="line-height: 1.25;">&#160;</div>
        <div style="line-height: 1.25">&#160;</div>
      </div>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit_99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: ZKG
         Document created using Broadridge PROfile 23.1.1.5115
         Copyright 1995 - 2023 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div>
      <div>
        <div style="line-height: 1.25;">
          <div style="text-align: right; line-height: 1.25; font-weight: bold;"><u>Exhibit 99.1</u></div>
        </div>
        <div style="line-height: 1.25;">
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="text-align: center; line-height: 1.25; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-style: normal; font-variant: normal; text-transform: none;">ITURAN LOCATION AND CONTROL LTD.</div>
          <font style="background-color: rgb(255, 255, 255); font-weight: bold; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-style: normal; font-variant: normal; text-transform: none;"> </font>
          <div style="text-align: center; line-height: 1.25; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-style: normal; font-variant: normal; text-transform: none;">Announces $10 Million Expansion of Share Repurchase Program</div>
        </div>
        <div style="line-height: 1.25;">
          <div style="line-height: 1.25;">&#160;</div>
        </div>
        <div style="line-height: 1.25;">
          <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">AZOUR, Israel &#8211; February 28, 2023&#160;</font>&#8211; Ituran Location and Control Ltd. (NASDAQ: ITRN, TASE: ITRN), announced today that its board of directors has
            authorized a $10.0 Million expansion of the company's ongoing share repurchase program.</div>
          <div style="text-align: justify; line-height: 1.25;"> <br>
          </div>
          <div style="text-align: justify; line-height: 1.25;">The Share Repurchase Program initially authorized 25 million USD share repurchase, which was partially executed during years 2019-2022 (21.7 Million USD) .</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
        </div>
        <div style="line-height: 1.25;">
          <div style="line-height: 1.25;">Share repurchases, if any, will be funded by available working capital. Repurchases of the Company's ordinary shares will be made based on Rule10b-18 terms. Share repurchases may be suspended or discontinued at any
            time.</div>
        </div>
        <div style="line-height: 1.25;">
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="text-align: justify; line-height: 1.25;">Under the extended repurchase program, shares may be repurchased from time to time in open market transactions, in privately negotiated transactions or by other means in accordance with
            applicable securities laws and regulations. The actual timing, number and value of shares repurchased will depend on market conditions, share price, trading volume and other factors. For all or a portion of the authorized repurchase amount,
            Ituran may enter into a plan that is compliant with Rule 10b5-1 of the U.S. Securities Exchange Act of 1934 that is designed to facilities these purchases. The repurchase program does not require Ituran to acquire a specific number of shares
            and may be suspended from time to time or discontinued.</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
        </div>
        <div style="line-height: 1.25;">
          <div style="text-align: justify; line-height: 1.25; font-weight: bold;">Management Comment</div>
          <div style="text-align: justify; line-height: 1.25; font-weight: bold;"> <br>
          </div>
          <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Eyal Sheratzky, Co-CEO of Ituran</font>&#160;<font style="font-weight: bold;">said</font>&#160;&#8220;We believe that the ability to buy back our own shares, depending on
            market conditions, is a tool that will contribute to shareholder value over the long term.&#8221;</div>
        </div>
        <div style="line-height: 1.25;">
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
        </div>
        <div style="line-height: 1.25;">
          <div style="text-align: justify; line-height: 1.25; font-style: italic;">Certain statements in this press release are "forward-looking statements" within the meaning of the Securities Act of 1933, as amended.&#160; These forward-looking statements
            include, but are not limited to, our plans, objectives, expectations and intentions and other statements contained in this report that are not historical facts as well as statements identified by words such as "expects", "anticipates",
            "intends", "plans", "believes", "seeks", "estimates" or words of similar meaning. These statements are based on our current beliefs or expectations and are inherently subject to significant uncertainties and changes in circumstances, many of
            which are beyond our control. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors.</div>
        </div>
        <div><br>
        </div>
        <hr align="center" style="height: 2px; width: 100%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
        <div style="line-height: 1.25;">
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25; font-weight: bold;">About Ituran
            <hr align="center" style="height: 2px; width: 100%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
          <div style="line-height: 1.25">&#160;</div>
        </div>
        <div style="text-align: justify; line-height: 1.25;">Ituran is a leader in the emerging mobility technology field, providing value-added location-based services, including a full suite of services for the connected-car. Ituran offers Stolen Vehicle
          Recovery, fleet management as well as mobile asset location, management &amp; control services for vehicles, cargo and personal security for the retail, insurance industry and car manufacturers. Ituran is the largest OEM telematics provider in
          Latin America. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel-Aviv based DRIVE startup incubator to promote the development of smart mobility technology.</div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="line-height: 1.25;"></div>
        <div style="text-align: justify; line-height: 1.25;">Ituran's subscriber base has been growing significantly since the Company's inception to over 2 million subscribers using its location-based services with a market leading position in Israel and
          Latin America. Established in 1995, Ituran has 2,800 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Columbia, India, Canada and the United States.</div>
        <div style="line-height: 1.25">&#160;</div>
        <div style="line-height: 1.25;">
          <div style="line-height: 1.25;"></div>
          <div style="text-align: justify; line-height: 1.25;">For more information, please visit Ituran&#8217;s website, at:&#160;<u>www.ituran.com</u></div>
          <div style="line-height: 1.25">&#160;</div>
        </div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 49%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25; font-weight: bold;">Company Contact</div>
              </td>
              <td style="width: 2%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
              <td style="width: 49%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="line-height: 1.25; font-weight: bold;">International Investor Relations</div>
              </td>
            </tr>
            <tr>
              <td style="width: 49%; vertical-align: top;">
                <div style="line-height: 1.25;">Udi Mizrahi</div>
                <div style="line-height: 1.25;"><u>udi_m@ituran.com</u></div>
                <div style="line-height: 1.25; font-weight: bold;">Deputy CEO &amp;VP Finance, Ituran</div>
                <div style="text-align: justify; line-height: 1.25;">(Israel) +972 3 557 1348</div>
              </td>
              <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
              <td style="width: 49%; vertical-align: top;">
                <div style="line-height: 1.25;">Ehud Helft</div>
                <div style="line-height: 1.25;"><u>ituran@gkir.com</u></div>
                <div style="line-height: 1.25; font-weight: bold;">GK&#160; Investor &amp; Public Relations</div>
                <div style="line-height: 1.25;">(US) +1 646 201 9246</div>
              </td>
            </tr>

        </table>
        <div style="line-height: 1.25;">
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25">
            <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
        </div>
      </div>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
