<SEC-DOCUMENT>0000095953-19-000004.txt : 20190104
<SEC-HEADER>0000095953-19-000004.hdr.sgml : 20190104
<ACCEPTANCE-DATETIME>20190104131816
ACCESSION NUMBER:		0000095953-19-000004
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190104
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190104
DATE AS OF CHANGE:		20190104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SYNALLOY CORP
		CENTRAL INDEX KEY:			0000095953
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL PIPE & TUBES [3317]
		IRS NUMBER:				570426694
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19687
		FILM NUMBER:		19509187

	BUSINESS ADDRESS:	
		STREET 1:		4510 COX ROAD
		STREET 2:		SUITE 201
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23060
		BUSINESS PHONE:		864-585-3605

	MAIL ADDRESS:	
		STREET 1:		4510 COX ROAD
		STREET 2:		SUITE 201
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23060

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKMAN UHLER INDUSTRIES INC
		DATE OF NAME CHANGE:	19710510
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>synl-astiacq8kx10419.htm
<DESCRIPTION>8-K
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2019 Workiva -->
		<title>Document</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="sBF9FA473A2E455F88586B31788C29CB6"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:57.03125%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WASHINGTON, D.C. 20549</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FORM 8-K</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CURRENT REPORT</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">PURSUANT TO SECTION 13 OR 15(D) OF THE</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SECURITIES EXCHANGE ACT OF 1934</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date of Report (Date of earliest event reported): January 1, 2019</font></div><div style="line-height:120%;text-align:center;"><img src="synllogoa05.jpg" alt="synllogoa05.jpg" style="height:89px;width:281px;"></div><div style="line-height:120%;text-align:center;font-size:14pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.4375%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:20%;"></td><td style="width:60%;"></td><td style="width:20%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">SYNALLOY CORPORATION</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Exact name of registrant as specified in its charter)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Delaware</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">0-19687</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">57-0426694</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(State or other jurisdiction of incorporation)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Commission File Number)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(IRS Employer Identification No.)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">4510 Cox Road, Suite 201, Richmond, Virginia</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">23060</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Address of principal executive offices)</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Zip Code)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Registrant's telephone number, including area code: </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(804) 822-3260</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="3" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Inapplicable</font></div></td></tr><tr><td colspan="3" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Former name or former address if changed since last report)</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">[  ]</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">[  ]</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">[  ]</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">[  ]</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Emerging growth company  [  ]&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ] </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sAD4D5AA9EAC35B8E8162D66DC8A0D3B5"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As previously reported, on November 30, 2018, Synalloy Corporation&#8217;s wholly-owned subsidiary, ASTI Acquisition, LLC, a North Carolina limited liability company (&#8220;ASTI&#8221;), entered into a Purchase and Sale Agreement (the &#8220;PSA&#8221;) with American Stainless Tubing, Inc., a North Carolina corporation (&#8220;American Stainless&#8221;). Pursuant to the terms and conditions of the PSA, ASTI agreed to purchase American Stainless&#8217; real estate property in Statesville, North Carolina and Troutman, North Carolina (together the &#8220;Properties&#8221;) for a purchase price of $5 million.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 1, 2019, ASTI designated its rights to take title to the Properties to Store Capital Acquisitions, LLC, a Delaware limited liability company or its affiliate (together, &#8220;Store&#8221;), who funded the full purchase price of the transaction and took title to the Properties.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 1, 2019, Synalloy and Store Master Funding XII, LLC, a Delaware limited liability company and an affiliate of Store, entered into a second Amended and Restated Master Lease Agreement (the &#8220;Master Lease&#8221;), pursuant to which Synalloy will lease the Properties, purchased by Store from American Stainless on January 1, 2019, for the remainder of the initial term of 20 years set forth in the Master Lease, with two renewal options of ten years each.  First year rent expense will be $430,000. The lease includes a rent escalator equal to the lesser of 1.25 times the percentage increase in the Consumer Price Index since the previous increase or 2.00%. The Master Lease also grants Synalloy an option to sell approximately 13.5 acres of excess land at the Statesville, North Carolina Property and receive a corresponding reduction in rent based on the net proceeds of the sale using a capitalization rate of 8.60%.  Synalloy will sublease both Properties to ASTI.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The description of the Master Lease contained in this Current Report on Form 8-K is a summary and is qualified in its entirety by the terms of the Master Lease.  The Company will file the Master Lease with the U.S. Securities and Exchange Commission as an exhibit to its Annual Report on Form 10-K.  </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="sf4a36296a5ea4bd69c6e64c4c0aa5dfc"></a></div><div style="line-height:120%;padding-bottom:6px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ITEM 2.01. COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As previously reported, on November 30, 2018, ASTI entered into an Asset Purchase Agreement (the &#8220;APA&#8221;) with American Stainless.  On January 1, 2019, pursuant to the terms and conditions of the APA, ASTI completed its purchase of substantially all of American Stainless&#8217; assets and operations in Statesville, North Carolina and Troutman, North Carolina.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The purchase price for the all-cash acquisition was approximately $22.7</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:10pt;">million, subject to a post-closing working capital adjustment.  American Stainless will also receive quarterly earn-out payments for a period of three years following closing.  Pursuant to the APA, earn-out payments will equate to six and one-half percent (6.5%) of ASTI&#8217;s revenue over the three-year earn-out period.  </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Synalloy funded the acquisition with a new five-year $20 million term note and a draw against its recently increased $100 million asset based line of credit, both with Synalloy&#8217;s current lender, Branch Banking and Trust Company.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other than in respect to the transaction discussed above, there are no material relationships between the parties involved and the registrant or any of its affiliates, or any director or officer of the registrant, or any associate of any such director or officer.  </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A copy of the press release announcing the closing of this transaction is attached as Exhibit 99.1 and is incorporated by reference herein.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="sCAFCEC20F9935F4D9791C81D4006B8BE"></a></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(d) Exhibits </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:97.4609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Exhibit Number</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Description of Exhibit</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99.1</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Press Release issued by Synalloy Corporation on January 4, 2019.</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s88947C1C700A5C5A92A7D3A83E32762B"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;-sec-extract:summary;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:97.4609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Exhibit Number</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Name</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="synl-astiacqpressreleasexe.htm"><font style="font-family:inherit;font-size:10pt;">99.1</font></a></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="synl-astiacqpressreleasexe.htm"><font style="font-family:inherit;font-size:10pt;">Press Release issued by Synalloy Corporation on January 4, 2019.</font></a></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s17AA94623D8C5E1C9D47DCE53838A965"></a></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SIGNATURES</font><font style="font-family:inherit;font-size:10pt;">&#32;</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf by the undersigned hereunto duly authorized. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:91.40625%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SYNALLOY CORPORATION</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By: /S/ DENNIS M. LOUGHRAN</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dennis M. Loughran</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chief Financial Officer</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dated: January 4, 2019</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>synl-astiacqpressreleasexe.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2019 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s024BAB55AD4052A3ACE2677FA23C775A"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 99.1</font></div></div><div><br></div><div style="line-height:120%;padding-top:4px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CORRECTED RELEASE - Synalloy Announces</font></div><div style="line-height:120%;padding-top:4px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ASTI Closing; Projections for 2018 and 2019</font></div><div style="line-height:120%;padding-top:4px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:12px;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Richmond, VA, January 4, 2019;&#160; This press release corrects a prior version published on January 3, 2019.  This corrected press release includes the Reconciliation of Forecasted 2018 and 2019 Net Income to Adjusted EBITDA table at the bottom of the Press Release. </font></div><div style="line-height:120%;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The corrected release reads:</font></div><div style="line-height:174%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">NEWS RELEASE </font></div><div style="line-height:174%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">FOR IMMEDIATE RELEASE </font></div><div style="line-height:174%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Synalloy Announces ASTI Closing; Projections for 2018 and 2019 </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RICHMOND, VA, January 4, 2019 (GLOBE NEWSWIRE) -- Synalloy Corporation is pleased to announce that its wholly-owned subsidiary, ASTI Acquisition, LLC (to be re-named American Stainless Tubing, LLC), completed the acquisition of substantially all of the assets of American Stainless Tubing Inc. (ASTI) on January 2, 2019, with an effective date of January 1, 2019.  &#8220;We are very excited to add ASTI&#8217;s operations and its employees to the Synalloy family and look forward to a solid contribution from this unit in 2019 and beyond,&#8221; said Craig C. Bram, Synalloy&#8217;s President and CEO.  </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is also pleased to announce that its sale lease-back partner, Store Capital, closed on the purchase of ASTI&#8217;s real estate in North Carolina, which facilities have been incorporated into Synalloy&#8217;s master lease agreement with Store Capital and subleased to American Stainless Tubing, LLC.   </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">With the fourth quarter now behind us, the Company is projecting 2018 revenue of approximately $280 million and Adjusted EBITDA totaling $34 million.  Both revenue and Adjusted EBITDA results represent record performances for the Company.  Adjusted EBITDA for the year will include about $6.5 million of inventory profits and positive manufacturing variances.  &#8220;Shipments in the fourth quarter were below plan due to tighter inventory management at distribution customers in our pipe and tube businesses, as well as several lost operating days due to weather and physical inventory counts,&#8221; said Bram.  &#8220;However, order activity remained at a high level and we ended the year with strong backlogs across the Metals unit.  Product mix and overall pricing in the order book are favorable as well,&#8221; continued Bram.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Synalloy&#8217;s annual forecast for 2019, including the addition of ASTI&#8217;s operations, calls for revenue of $340 million.  Adjusted EBITDA is projected to total $34 million.  The Adjusted EBITDA forecast assumes no inventory profits in 2019 and represents a 24% increase over 2018&#8217;s Adjusted EBITDA on a comparable basis.  Looking at the balance sheet, immediately following the acquisition of ASTI&#8217;s operations, net debt will total approximately $92 million, or roughly 2.7 times trailing and NTM Adjusted EBITDA.  Note that $32 million of the net debt is directly the result of increased working capital associated with the growth in revenue in 2018.  We expect to reduce net debt by a minimum of $25 million during the course of 2019, excluding the impact of any additional acquisitions.  This would take the Company&#8217;s leverage below 2.0 times Adjusted EBITDA.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Synalloy Corporation (Nasdaq: SYNL) is a growth oriented company that engages in a number of diverse business activities including the production of stainless steel pipe and tube, galvanized pipe and tube, fiberglass and steel storage tanks, specialty chemicals and the master distribution of seamless carbon pipe and tubing.  For more information about Synalloy Corporation, please visit our website at </font><font style="font-family:inherit;font-size:10pt;color:#0000ff;text-decoration:underline;">www.synalloy.com</font><font style="font-family:inherit;font-size:10pt;">.     </font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Forward-Looking Statements&#160;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This press release includes and incorporates by reference "forward-looking statements" within the meaning of the federal securities laws. All statements that are not historical facts are "forward-looking statements." The words "estimate," "project," "intend," "expect," "believe," "should," "anticipate," "hope," "optimistic," "plan," "outlook," "should," "could," "may" and similar expressions identify forward-looking statements. The forward-looking statements are subject to certain risks and uncertainties, including without limitation those identified below, which could cause </font></div><div><br></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 99.1</font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">actual results to differ materially from historical results or those anticipated. Readers are cautioned not to place undue reliance on these forward-looking statements. The following factors could cause actual results to differ materially from historical results or those anticipated: adverse economic conditions; the impact of competitive products and pricing; product demand and acceptance risks; raw material and other increased costs; raw materials availability; employee relations; ability to maintain workforce by hiring trained employees; labor efficiencies; customer delays or difficulties in the production of products; new fracking regulations; a prolonged decrease in oil and nickel prices; unforeseen delays in completing the integrations of acquisitions; risks associated with mergers, acquisitions, dispositions and other expansion activities; financial stability of our customers; environmental issues; unavailability of debt financing on acceptable terms and exposure to increased market interest rate risk; inability to comply with covenants and ratios required by our debt financing arrangements; ability to weather an economic downturn; loss of consumer or investor confidence and other risks detailed from time-to-time in the Company's&#160;Securities and Exchange Commission&#160;filings. The Company assumes no obligation to update the information included in this release.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Non-GAAP Financial Information</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial statement information included in this earnings release includes non-GAAP (Generally Accepted Accounting Principles) measures and should be read along with the accompanying tables which provide a reconciliation of non-GAAP measures to GAAP measures.</font></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Adjusted EBITDA is a non-GAAP measure and excludes discontinued operations, goodwill impairment, interest expense, change in fair value of interest rate swap, income taxes, depreciation, amortization, stock option / grant costs, acquisition costs, shelf registration costs, earn-out adjustments, gain on excess death benefit, all (gains) losses associated with the Sale-Leaseback, realized and unrealized gains and losses on investments, casualty insurance gain and retention costs from net income.</font></div></td></tr></table><div style="line-height:120%;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management believes that these non-GAAP measures provide additional useful information to allow readers to compare the financial results between periods. Non-GAAP measures should not be considered as an alternative to any measure of performance or financial condition as promulgated under GAAP, and investors should consider the Company's performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the Company. Non-GAAP measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company's results or financial condition as reported under GAAP. For a reconciliation of this non-GAAP measure to the most comparable GAAP equivalent, refer to the Reconciliation of Net Income to Adjusted EBITDA as shown on next page.</font></div><div style="line-height:120%;padding-top:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Contact: Dennis Loughran at (804) 822-3266 </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><hr style="page-break-after:always"><div><a name="s00a11d08cc574234963090bb76edd95b"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 99.1</font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"></td></tr><tr><td style="width:29%;"></td><td style="width:42%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:12%;"></td><td style="width:1%;"></td></tr><tr><td colspan="9" style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Reconciliation of Forecasted 2018 and 2019 Net Income to Adjusted EBITDA (1)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2018 Forecast</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2019 Forecast</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Consolidated</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,779,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,250,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Adjustments:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Interest expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,935,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,350,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Income taxes</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,517,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,276,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Depreciation</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,311,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,145,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Amortization</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,363,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,336,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EBITDA</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,905,000</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32,357,000</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Earn-out adjustments</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,212,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">246,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquisition costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,260,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Stock option / grant costs</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">824,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,292,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Shelf registration costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Loss on investments</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,513,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Straight line lease cost - sale-leaseback</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">359,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">359,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Sale-leaseback gain</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(334,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(334,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Retention expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">157,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">95,000</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Adjusted EBITDA (1)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33,950,000</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,015,000</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other favorable (unfavorable) impacts to income (2):</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventory price change gain (loss)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,602,833</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventory cost adjustments</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">240,889</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,712</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Aged inventory adjustment</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,267</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Manufacturing variances</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">934,516</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total other favorable (unfavorable) impacts</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,812,505</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79,712</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:24px;"><font style="font-family:inherit;font-size:9pt;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">The term Adjusted EBITDA is a non-GAAP financial measure that the Company believes is useful to investors in evaluating its results to determine the value of a company. An item is included in the measure if its periodic value is inconsistent and sufficiently material that not identifying the item would render period comparability less meaningful to the reader or if including the item provides a clearer representation of normalized periodic earnings. The Company includes in Adjusted EBITDA two categories of items: 1) Base EBITDA components, including: earnings before discontinued operations, interest (including change in fair value of interest rate swap), income taxes, depreciation and amortization, and 2) Material transaction costs including: goodwill impairment, acquisition costs, acquisition related retention costs, shelf registration costs, earn-out adjustments, gain on excess death benefit, (gains) losses associated with Sale-leaseback, realized and unrealized gains and losses on investments, stock option/grant costs, and other adjustments (lesser value items meeting the criteria, where cumulative impact in a period is material).</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:24px;"><font style="font-family:inherit;font-size:9pt;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Other favorable (unfavorable) impacts to income - listed to provide investors with insight into financial impacts, that cannot be included in the Non-GAAP measure Adjusted EBITDA, but management believes can provide insight into underlying operational earnings associated with the respective period's activity level. The items include a) inventory price change - the calculated value that profits improved (declined) due to the increase (decrease) in metal and alloy pricing indices during the period, and b)inventory valuation adjustments - value of periodic adjustment to inventory carrying value unrelated to periodic earnings including i) reserve for lower of cost or net realizable value, ii) reserve for aged inventory and iii) manufacturing variances - the calculated value of manufacturing absorption deferred into inventory to be amortized in a later period, rather than being shown in the period that created the benefit or cost.</font></div></td></tr></table><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div><br></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>synllogoa05.jpg
<TEXT>
begin 644 synllogoa05.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" #" ET# 2(  A$! Q$!_\0
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBDS0
M BDT?C7#>/\ XU>"?A?'GQ-XDLM-D*[EMV<O.P]1$H+D>X%>#^(O^"BO@'3I
MGCTK2-9U@J>)?*CAB;GL6<M[\J.U=]#+\5B?X5-M'FU\RPN'=JE1)GUE1^-?
M#%W_ ,%,"&86_P /RRD?*\FK@'..ZB$Y /H>?:JL/_!2Z^5R9? $,BXX5-69
M3VYR83QU[5Z2X?S%J_LOQ7^9YO\ K!E][>T/N^D;G-?&FB?\%)] N"O]K^#M
M3LAW^Q7$=P?P#B/->S?#_P#:T^&?Q%GBM;'Q%'I^H2$!;/5%-NY)/ #-\C$G
MH%8FN*ME>-PZO4IM)?UT.RCFV#KV4*B/::2FJP9>"#3A7EGKIWU0M%%% PHH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH ***@N)DM;>6:0[(XU+L<=@,D_D* )MHHVBN0_X6EH7_/2?_OV?\:/
M^%I:%_STG_[]G_&G9]B>9=SL**X[_A:6A?\ /2?_ +]G_&NIM;E;RVAGCSLE
M02+N&#@@$9'8X-+5;CN3[:6L#7?&&F^'+F."]>022)O 1"W&2/Y@UF_\+2T'
M_GI/_P!^S_C3LP<EW.QI-HKC_P#A:6@_\])_^_9_QK2T'Q?IWB*XD@LGD:1%
MWMN0J,9 Z_4T68<RZ,WZ***0PHHHH **** "BBB@ HHHH **** "BBB@ HHH
MH **** "BBB@ HHHH **** "BBB@ HHHH IWMY#I]K+<7,R06\2F2225@JJH
M!)8DG  P22>@%? _[17[=6IZQ>76@?#J=M.TU"8Y=; _?3X.#Y.?]6G7YB-Q
MR"-N.>C_ ."@'QVN+'R/AOH]R8C-&MQJ\D9P?+)S'!GL#C<P[C8,X)!^&*_1
M^'LBA5@L5B5?LOU/S7B#/)QF\+AW:V[)+N\GO[J6YN9Y+FXF8O)+*Q9W8G))
M)R22>Y.:CHK9\'^"]<^(&O0:-X>TRXU;4YL[;>W&2 ,99B2 JC(RS$ 9&2*_
M1Y2I8>#D[)(_.XQJ5YI*[;,:BOIFQ_X)Z?$^\MUDEN_#]B[#F"XO)=Z\#@E(
M67VX)Z?C7G'Q4_9G\?\ P?M3>Z[H_F:4&VG4;"03P*2<#<1AD!. "R@$D $G
MBO,HYQ@:T_90J*YZ-7*L92A[2=-I'EM%%%>PU&4;,\M2<7H?1O[,_P"UWK?P
MIU2ST7Q'=SZKX.D81E9B7EL 3@/&3R4'>/IC)7G@_I;I]];ZG907=I.ES;3H
MLL4T;!E=6 (8$=001R.N:_$6OTH_8%^(L_C#X/R:/>2F6Z\/7)M$9CD_9V&Z
M($^WSJ!V""OS/BC*J=**Q=%6[V_,_2.&<TJ5)O"U7?L?4%%%%?G!^DA1110
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MI.5>;EO=A7WU_P $W[?0E\%^)YXFC/B,WZI<JQ'F+;B-3%CD_*6\WGC)!&.
M:^!:TO#?BG6/!VJQ:IH>I7.DZA%PMQ:2F-\$C()!&0<#(.0>XKASC SS##.A
M"5F=F5XV. Q,:TXW2/VS7\*H:UH]IKNF7-A>V\=U9W,30S0RJ&1T8$,I!Z@@
MD?C7YO>$?V_OB9X?"1ZH-+\11 C<]W;&&8@=@T15?QVFO:_!_P#P4>\,ZAY<
M?B3PUJ.C2$X,ME(EU$/<YV,![ ,1TYZU^4UN'\PPSYE"Z75?U<_4Z.?Y?BH\
MDI6OW/BCXJ>$!\/_ (D^)?#T99XM.OYH(2QR3$&/ED^Y4J3[DURJJ68*HR2<
M8 YS7ZS^"?BI\(/B=J7VC1=1T.]U6=@_ESPI#=._ SLD57)& ,X]/:O4[?3[
M6WCVP011J3DJB@#.,9P!UX'Y5]$N**^%@J=2C[R[Z?H?.?ZLTL7-U*596?8_
M%JU\(Z[>AC;:+J$X7 )CM9&QGIG XKZ[_8=EOO@]_P )]JGC'2]2\.Z(+2UF
MEO=0LIHT!1W4  IR?WAZ9(';'(^\O)CZ;!],5B>-?"]KXR\(ZQH5Y\MMJ-I+
M:R$*#@.A4D#U&<_A7EXSB*684GAZE.T96/3P?#JR^I]8ISO**/-_^&Q?A#_T
M.=M_X#S_ /Q%!_;%^$/_ $.5M_X#S_\ Q%?E7K&E7.AZM?:9>Q^5>64[V\T9
MZK(C%6'X$$?A56OH*?">%J14U4=GZ'B3XJQ5.3@X*Z/U=_X;"^$ _P"9TMC_
M -NT_P#\;KU70==L/$VBV&JZ9<"[T^^A2YMYP"!)&RAE8 @$9!!P0".X%?B;
M7ZG?L3^)E\1?L[^&U:3?<:>9K&09SMV2-L'X(4KY_.\AIY92C5IR;N[:GO9+
MGM3,:SI5(I:'O%.I#6=K6K6VB:3>:C>2K!:6L+SS2OPJ(JEF8^P )_"OC$N9
MV6Y]G*2A%R>R.$\<?M#?#[X;ZZ^C^(O$MOIVI*BRM;-'([*K9(SM4X) SC.<
M$''(K#_X;$^$'_0YVW_@/-_\17YC?%#QU=?$SX@Z_P")KLMOU&Z:5(W.3''G
M$<?_  % J_A7,U^GX?A*C4I1G4FU)[['YC7XKKPJ25.*:3/U>_X;$^$'_0YV
MW_@//_\ $5U?@_XV>#?'VCZMJN@ZW'?:=I2;[RY\F1$B&TL22RC.%4D@9(&,
MXR,_CO%#)<3)%$C22R,%5$!+,2<  #DDGC K]*Y/AXOP!_8S\2:5\L>I/HUQ
M)?S1GEKJ:/8Q!!&=NY5!'9 <=J\7-<DPV <(0FW*3M;0];+,[Q6-YYSBE&*N
M=G_PV)\(/^ARMO\ P'G_ /B*/^&Q/A"?^9SMO^_$W_Q%?E!17T$>$<,XW=1_
M@>)+BS$WLHH_6C1OVJ_A9X@UBPTK3_%MO<7U[<);6\(@F!>1V"JH)0 $L0,D
MXYZUZWN&,]O6OR'_ &:K>VN/CMX.>[ECM[2UO#>RS3,%2-8$:8LQ/  $9))P
M !DD=1[/^TE^VUJ?C"YNO#W@&ZFTC0D)CEU6/*7-W@D'8>L<9[$88\9*@E3\
M_BN&YQQ<</A6VFKMOH>YA>)$\-*MB;76R1]B?$+]I+X=?#&:2VUSQ/:QWT9P
MUE:YN)U/HR1@E3_O8%>27G_!1;X<6]PT<6E^([M!TDBM(0K?0-,#^8%?G&S%
MF+,<DG.2<FEKZ.CPCAE%*K)MGSU;BO%3E>E%)'Z6^'/^"@'PNURZ$5ZVKZ$"
M<"34+,%>W.8GDP.>X[5[_P"%_%VC>--)BU/0M3M=5L)#A+BUE#KD=1D'@CN#
MR.^*_%.O1?@;\<-=^!OC"'5=+F>;3Y&5=0TUF(BNH@>01T#@$E6QD$]P2#QX
M_A2$:3GAI.ZZ,[,#Q34E44,3'1]4?L#^%+6/X8\16?BK0=.UC3Y?.LKZWCNH
M).FZ-U#*<=C@C(K1FF2WADDD<)&@+,S'  '))/8 5^9N+BW%K5'Z9&2G%23T
M98K,U#7].TG/VV]A@;KL9QNQ[ <G\J\L\7?%6XU":2VTAWM;3)4SCB23W!_A
M'ICGZ=*X-KHNQ9BQ8G))))S5J+8G.VQ[G<?%+08>$GFG_P"N<1_KBJG_  N#
M1_\ GUOO^^$_^+KQ;[1]:/M'UJN1$<[/:?\ A;^C?\^]\/\ MFG_ ,75B'XJ
M:%*P#2S0C/62(X_3->'?:/K1]H^M'(@YV?1VF^)M+UC L[Z&5STCW8;_ +Y.
M#^E:E?+RW15@5)# YR.#D=Z]0^&_Q#GOKJ/2-2D\QW'[BX<_,2.=K$]<CH>N
M>.<BI<;:EQDF>H_PUYM\=+SR?#%G$#@R78/X!&S^I%>DBO&OVA+X*VB6P.#B
M:1A_WR ?YU,=T5+8\J\\4>>*I>=1YU=&AS'9_#>/[;XXTB+K^],G'^RI;^E?
M2M?.OP0A^U>.XGQGR+>23\P%S_X]^M?05U<"VM9YFZ1(7/X G^E8RW-Z>Q\O
M>(]0^U^(-4G!R)+J1Q]"Q(K-\\53:X+N69LL222?>D\ZM58Q+OGBOH3X06_E
M^!K.3',TDDA_[[*_R45\W>=7U+\.[?[+X'T1/[UJDG_?0W?UJ:FQ<-SHZ**\
MZ\9_%*WTB5[/2PMS=J=KSGF.,]"!_>(_+Z\BLK7V-F['>W5Y!9Q&6>:.",=7
MD8*/S-<[>?$C0;-BHO#</Z0QEA^9P#^!KQ'4M=O-7N#/>7,EQ+V+G@>P'0#V
M %5/M'UJ^7N9\Y[2?B]HX)_T>]/N(T_^+I\?Q:T61L,EW%[O&"/T8UXG]H^M
M'VCZT^1$\[/H?3/&.CZLVRVOHBYZ1R$HQ/H 0"3],UN5\N?:/K76>%?B5?\
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MB*925D3)]&! )ZC![U^09[D_]FS4Z7P/\#]9R/.'F,73JKWE^)^=?[;7@/\
MX0GX]:M-%'Y5GK42:G%@8&Y\K(,]"3(CL>X##U!/@U?H%_P48\"_VEX'T'Q5
M!&6FTJ[-M.RC_EC,!@D^SHH'NY]:_/VOT;A[%?6,#'6[6GW'YWGN&>'QTTE9
M/4*^]?\ @FOXB^T>%_&.A$\VEY#>*">TL90X^GDC\QZU\%5].?\ !/?Q)_9'
MQNN=,9R(M5TV6)5[&1&60'\%60?C2XBH^VP$^ZU'D%;V./IOH]#]*?TKYD_;
MU^)Q\%_"'^P;679J/B*7[-A3AA;IAIF'J#E$/M(:^FF8*I/M7Y7?MF?$QOB/
M\;=4B@E\S2]$_P");;*#\I9"3,PQP29"PR,Y"K^'YGP_@_K>-CS:QCJS]+X@
MQOU3!M1?O2T/#***(XWFD5$4N[$!549))X  '4YK]OE)0C=GXHE*4K(^D/V&
MO@^WQ#^*8UZ]@WZ-X;VW1W#*R7))\E??:09#CH44'AJ^MOVX-6_LW]F_Q%&'
MV/>2VMNN,][B-B.G=5([=?I71?LP_")?@[\)=+TF6,)J]T/MNI-W\]P"5)[A
M%"H.QVY[FO*/^"C6K"V^$>A6 .'NM81BOJJ0RD_JR5^/5<4\RSB#6L5)6]$?
MK5/"K+<GG=6E):GYW4445^R'Y(".T9RI*G!&5..",$?0@D?0T58TS3;G6-1M
M+"R@>YO+J98(((QEI)&(55 [DD@#W-?I-\#_ -BGP;X"T&VG\5Z9:^*/$DJ;
MKB2\3S;:(GDQQQM\I X&Y@2<$C .!X.:9O1RN*<U=OH>WEF55\RERPT2ZGYH
MT5^I_P 5OV2?A]X\\+WEIIWAS3O#^L+$S6E[IENMMMEP2N\( '4G (8$X)Q@
M\U^64T+V\SQR*4D0E64]00<$?F*G*<XIYI%\JLX[CS3*:N62BINZ8VBBBOH#
MPS]/OV%?$#ZU^SWI,$CF233KBXM,L23@2%U'3L) ._ 'TKM?C1XJ-C:P:/#)
MM>X_>S8X/E@D ?0D$_\  ?0UYW_P3^T][/X!Q3-G;=:E<RKD<8!5.#W&4//K
MD=J]XUCP3HGB"X,^H6"7$Y&TR;F5L 8 R",5_/N9*,<;52VNS][ROFE@J3>]
MD?-7VD?[-'VD?[->]77P9\,W!.RWGMO^N<['_P!"S_DUE7'P$TIL^1J-[&?^
MFFQ_Y 5P\R/0Y6>4:/IMYKU\EI8PFXG;)VC@ =R2> !GJ?6O0K'X'ZA+&#=:
MG;V[G!*QQF3'XDCFNZ\#>!+;P3:SI'*;N>=\M.R;3M X4#)P!R?J?I707VI6
MFF0^;=W,-K'W>:0(/S)%)R=]"E%6U/&=>^#VI:78RW5I>17XB4LT80HY49)(
M&3DXYQGZ9Z5YW]I'^S7NFO?&GPWI:NEO+)J<W(V6ZD)GW8X!'N,U\\^?[U4;
MO<B5D]#2^TC_ &:EM-2>QNH+B)MLL+B16]P00?S%9'G^]'G^]78D^P+2X2ZM
M89T^Y*@=><\$ C^=> _M!7V_Q=9P _+%9J?Q9V)_0"O=/#L;1>'],1QAUMH@
M1[A0#7S5\;KX7'Q(U-,Y6%8HP?\ MFI/ZD_E6,=S6?PG(^=[_K1YWO\ K5/S
M!Z_I1Y@]?TKH.<]F_9UA\W7M5N<9\NV6//IN8''_ (Y^E>N>/+O[#X+UR;."
M+.4 ^Y4@?J17FO[-EOC2]<N<?ZR:.+/^ZK'_ -G_ %KK?C5>?8_AOJA#8:3R
MXE_&1<C\@:YW\1TQTC<^9O.]_P!:/.]_UJGY@]?TH\P>OZ5T',7/.]_UK[(T
MBU^PZ396Q&##"D9'T4#^E?'&@P?VAKFGVH&?/N(XL8_O,!C]:^P?$&KQ:!HM
M[J,O*6\32;<XW$#@?4G _&L9]$;4^IY_\6OB =+SHVGR[;IUS<2J<&-2.%![
M$CDGL,>O'CGVD?[-5;[5)]1O)[F=R\\SF1V/4DG)JOY_O5)61+?-J:7VD?[-
M.24R,$0;W8X"J"23Z =ZR_/]Z^B/AG\/X/#&FPWEW$KZO,H9F<9,((R$&>A
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M4X:5P@^I( _G65YYK?\  ,+:AXXT*#J&O82P'H&!/Z T]D"U=C[%CC$:*BC
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M;%U)/)IZ\\[2=['Z!7Q[$BHDKV*@[7..\9>)#XD\2WVH$GRY)"(L]HQPH^N
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M2K,/0N26^H! (."#6'*SHYXG8?M#?$.WU:>'P]8RB:.UE\VZD0Y7S " @/?
M)SVR0.H->+>;53S!Z_I1Y@]?TK9*RLCG;;+?FUWGP-MQ??%#1P1E(S)*<^T;
M$'\\5YQY@]?TKUG]F6);CXAW#GK#I\D@X[EXU_#AC1+9A'='TGXJO/[.\,:O
M=YQY%G-+G_=0G^E?"OF'UK[*^,E]_9_PQ\0RYQNMO*S_ +[!,?\ CU?%N\U$
M-F:U-T6/,/K1YA]:K[S4MM$]U<10)R\C!%&">20!^IK4Q/N+P)9MI_@O0K<_
M>CL85;Z[!D]3WSWKP7]J"_\ ,\8:9:=H;'S#@_WI&&/KA ?Q%?2D,*V\*1(-
MJHH51[ 8%?)'[1%\;KXI:A&3D6T,,0_&,-_-S7/'>YT2TC8\]\P^M'F'UJOO
M-&\UT'.>W?LOVIE\6:K=8R(;+R\^[2*<_7"'OZUZ)^T5H[ZCX#%W$FY["X29
ML<G805/X992?85RO[*5G_HOB*[/.^2"(-] Y(_\ 'A^0KW/4M-@U;3[FRN4$
MEM<1M%(A[J001^1KGD[2.B*O&Q\*^;1YM;'C_P &WG@/Q%<:==AC'DM;SD8$
MT9/##W[$=B#]3SGF#U_2M]]486MH;>@Z]/X=UJRU.V/[ZUE655)X.#R#[$9!
M]C7V)X1\9Z9XVTJ*]TVY60$ R0D@/$W=7'4$'OT/49%?$'F#U_2GV]Y+:R"6
M"5XI%Z/&Q4_@1S42CS%1DXGW5JVM6&@V3WFH7<5G;+DF29@HZ9P/4^@&2>U?
M+/Q>^)Q\?ZT@MMT6DVF5MU;AG)QF0CL3@ #L!V)->>W6HSWT@>YGEN' P&D8
ML0/J347F#U_2B,5'4<IN2L6_-H\VJGF#U_2NG^'_ ($U'XA:TME9+L@3#7%T
MP^2%2>I]2><#J2.P!(OS9"5W9'I/[./A%]1UN?Q!.C"WL@8H&8<-*PP2/7:I
M.?=AZ5](UD^'?#]GX6T6UTNPB\NVMUVJ#R2>I8GN2223ZFM5>E<\G=W.J,>5
M'#_&/1!K7@#40J[I;0"[C]MN2Q_[Y+U\L>;7VS-"EQ#)#(H:.12K*>A!&"/R
MKXK\1Z9)H&OZAIDA.;6=HLGN 2 ?Q&#^-73>EC*INF1>;3C=NT*1%V,2L652
M> 2 "0/4@#\AZ51\P^M'F'UK8Q+GFU>T'2Y_$.L66F6W,MU*(U.,@9/+''8#
M)/L#6+YA]:]T_9S\([_M7B2Y7H3;6N[\-[#]%!_WJF3LKE1O)V/:-%TJ#1-+
MMM/M1M@MHQ&@[X QD^I)R2>Y)K0HHKF.L**** "BBB@ HHHH **** $J.2,2
M*5(R".1CCZ5)UHQ0)I/1GP[^T)^P5-J6I7>O?#@01><3+-H,S"- QY/D,?E4
M$_P,0!SA@,*/C?Q=X!\2^ [QK;Q%H=_H\NXJHN[=D5R.Z,1AA[J2/>OVGJK>
M:?;W\#P7,$=Q XVO'(@96'H01_.OK\!Q-BL)%0J+F2[[GQF/X:P^*DZE-\K9
M^(M%?K[J_P"SI\-=<D+WG@;0FD8AB\=C'&S$=R5 )_'VK!_X8[^$!//@RU]>
M)YA_[/7TL.,*%O>IN_E8^>EPE7O[LTT?E!17ZPP_L@_"*WF61?!5F67H))97
M7D8Y!<@_B*['P[\&_!'A&42Z/X2T;3IU Q-;V,2R<?[6-W'N:FIQA2M^[IMO
MS'3X1K7]^:2/RR^'G[/'Q ^*$L7]A^&[PV<G_,0NT,%MCN=[8#8]%R?8U]O?
M /\ 8AT#X8S6FN>)Y(_$OB.(ATCVD6EJX.044@;V!Z,P&."%!&:^H5C"]% ^
ME+M-?*8_B'%XZ/(O=CV1]3@.'<+@Y*<O>DNXJJ%&!0..*7/%0)<1R9PZD D'
M!!Y!P0?H:^9U9]3=1T)NHJ"XB6>%XY &5@05(R#Q@YSVJ3=\I((Q]:X+XO?&
M+P]\&/",^MZW<J&VD6]FKCSKJ3'$:#OR1D]%')P*NE3G4FH4U=LPK5:=*FY5
M'96/RG^+_@MOAW\3O$OALH8XM/OI$@5LY,).Z(G/JC(?Q_&N1K;\>>,]0^(7
MC#5_$>JONOM1N&G?!)50>%09_A50% ]%%8E?T-@XU(T(1JOWDE<_G[$RA.M-
MTU[M] KVS]D+X2#XL?&"P2[A\W1M( U&]#+E7"L!'$>WS.1D'JJMZ5XG7ZC_
M +&/P=/PM^$=K<7D'DZYKFV_N]PPR*1^ZB/<;5.2#T9V%>#Q#CU@\(XQ?O2T
M1[N08!XS%IR7NQU9[^J;5 [8IU)C%+7XF?MB5M$0S8$+GV-?B?XGU4Z]XDU;
M4R2QO+N:X+'.3O<MGGGOWK]L6PP([=ZHGP_IF?\ D'VO_?E?\*^@R?-O[+E*
M7+S-GSF;Y2\T45S<MC\2J*_;;_A'M+_Y\+;_ +]+_A1_PC^F?] ^V_[]+_A7
MU/\ K@_^?7XGS/\ JB_^?OX'D?['>CMH_P"SGX.B*X,D$MR3C!/F3.X)X'9@
M/H*]L5<5##$D$02)!&BC"JHP /0 =*ES7YY7JNO5E5_F=S] PU)4*4:5]E8^
M-?\ @I-J_P!G\%^#M+W_ /'SJ$USM['RHMN>O;SO3OU'?X$K]NKS3[:^*_:+
M>.<KG;YB!MN<9QGIT'Y5#_PC^F<9L+;C_IBO^%?697Q#_9N'5!4[^9\IF?#[
MS#$.M[2US\2Z]J_8RTG^V/VD/"*,F^.%KB=SQQLMY"I_[ZV_G[5^I7]@:9N_
MY!]MC_KBO^%2V^E65G)YD%K#%)C[T<8!QZ9 KMQ?%3Q%"5%4[<RMN<>%X66'
MK1JNI?E=Q-6TNWUK3;FPNXA+;7,;121D9!4C!^A]^QYKY$^)7P@UCP#>32K!
M)?:.23%>QKD*.PD ^Z1TR>#V/4#[+IK*&4@C(]#7P49-'W[BF?GMYE'F5]OZ
MM\+_  GK4ADNO#]B\C9+2)"(V)]25P2?<FLU?@?X'5@1X>@R#D9ED(_(MS6G
MM#'V;[GQEYE=IX+^$WB3QM*AM+![:R8Y-[= I%CU!(^;Z*#^'6OK72?A_P"&
MM#8/8:%I]M*IR)%MU+C_ ($03^M=!S2YWT*5/NSY[^(7P5T[P7\*;R2P1KW4
MH)(Y[B]D4;V0$A@HYVJ-V2 2<#))P*^>O,K]!G42(0P# C!##(_$5"=/M?\
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M=H7]E^-(=10?N]1@#,?^FD>%/_CNS\2:^DM0OK?3+26YNYH[:VB7=)+*P55
M[DGI7R/\7OB)_P )]XDWV[,-+LP8K56X+ GYI"#T+$# ] ,\YJX7N95+6LSC
M?,]Z/,]ZK;S1O-=!SFMH>EW&OZO9Z=:+ON;J58D';).,GT &23V -?:?AW0[
M?PWH=EIELN(+6(1@D8+$<EC[DDD^Y->%_LT^"S<7-UXFN$.R'-O:;O[Q'SL/
MH"%!_P!IO2OH@'-83=V=%.-E<6BBBLS4**** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH A;E3S7Y+_&KQAK_A3X\>/FT36M2T9WUBYW-I]W)
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MG)_TN3_&C_A-O$/_ $'=2_\  N3_ !K!WFC>:\JR/7NS>_X3;Q#_ -!W4O\
MP+D_QH_X3;Q#_P!!W4O_  +D_P :P=YHWFG8-3>_X3;Q#_T'=2_\"Y/\:/\
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M_P :/^$V\0_]!W4O_ N3_&L'>:-YHL%V:E_X@U358Q'>ZE=WB*<A;B9G /J
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M7?<+(Y3_ (53X/\ ^A9TS_P&3_"C_A5/@_\ Z%G3/_ 9/\*ZNBB[[A9'*?\
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MRG_"J?!__0LZ9_X#)_A1_P *I\'_ /0LZ9_X#)_A75T47?<+(Y3_ (53X/\
M^A9TS_P&3_"C_A5/@_\ Z%G3/_ 9/\*ZNBB[[A9'*?\ "JO!_'_%-:9_X#+_
M (5:B^'_ (7MW#Q>&M(C?LR6,0/YA:Z&BF!#!;QVL*QPQ+%&HP$C4*!] .E3
M444AA1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
+!1110 4444 ?_]D!

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