<SEC-DOCUMENT>0001157523-19-001653.txt : 20190801
<SEC-HEADER>0001157523-19-001653.hdr.sgml : 20190801
<ACCEPTANCE-DATETIME>20190731212818
ACCESSION NUMBER:		0001157523-19-001653
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190730
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
FILED AS OF DATE:		20190801
DATE AS OF CHANGE:		20190731

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SIEBERT FINANCIAL CORP
		CENTRAL INDEX KEY:			0000065596
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				111796714
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-05703
		FILM NUMBER:		19990631

	BUSINESS ADDRESS:	
		STREET 1:		120 WALL STREET
		STREET 2:		25TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
		BUSINESS PHONE:		212-644-2400

	MAIL ADDRESS:	
		STREET 1:		120 WALL STREET
		STREET 2:		25TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MICHAELS J INC
		DATE OF NAME CHANGE:	19950221
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a52024132.htm
<DESCRIPTION>SIEBERT FINANCIAL CORP. 8-K
<TEXT>
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    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center;">Washington, D.C.&#160; 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">FORM 8-K</div>
    <div><br>
    </div>
    <div style="text-align: center;">CURRENT REPORT</div>
    <div><br>
    </div>
    <div style="text-align: center;">Pursuant to Section 13 or 15(d) of the</div>
    <div style="text-align: center;">Securities Exchange Act of 1934</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;">Date of Report (Date of earliest event reported):&#160; July 30, 2019</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold;">SIEBERT FINANCIAL CORP.</div>
    <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
    <div><br>
    </div>
    <div><br>
    </div>
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        <tr>
          <td style="width: 33.33%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">New York</div>
          </td>
          <td style="width: 33.33%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">0-5703</div>
          </td>
          <td style="width: 33.33%; vertical-align: top;">
            <div style="text-align: center; font-weight: bold;">11-1796714</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33.33%; vertical-align: top;">
            <div style="text-align: center; margin-right: 1.8pt;">(State or other jurisdiction of&#160;</div>
            <div style="text-align: center; margin-right: 1.8pt;"> &#160; incorporation)</div>
          </td>
          <td style="width: 33.33%; vertical-align: top;">
            <div style="text-align: center;">&#160;&#160;&#160;&#160;(Commission File Number)</div>
          </td>
          <td style="width: 33.33%; vertical-align: top;">
            <div style="text-align: center;">(IRS Employer Identification </div>
            <div style="text-align: center;">Number)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="zb1364b45382340898d02e25ce09bd63f">

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            <td style="width: 50.00%;">
              <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">120 Wall Street, New York, NY</font><font style="text-indent: 0px; font-size: 5pt;">&#160;&#160;&#160;&#160;</font> <br>
              </div>
            </td>
            <td style="width: 50.00%;">
              <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-weight: bold;">10005</font></font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 50.00%;">
              <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">(Address of principal executive offices)</font> <br>
              </div>
            </td>
            <td style="width: 50.00%;">
              <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">(Zip Code)</font> <br>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <br>
    <div><br>
    </div>
    <div style="text-align: center;">Registrant&#8217;s telephone number, including area code:<font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.05pt;">&#160;&#160;&#160; </font><font style="font-weight: bold;">(212) 644-2400</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center;">(Former name or former address, if changed since last report.)</div>
    <div><br>
    </div>
    <div>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):</div>
    <div><br>
    </div>
    <div>&#9744;<font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Written communications pursuant to Rule 425 under the Securities Act</div>
    <div><br>
    </div>
    <div>&#9744;<font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Soliciting material pursuant to Rule 14a-12 under the Exchange Act</div>
    <div><br>
    </div>
    <div>&#9744;<font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act</div>
    <div><br>
    </div>
    <div>&#9744;<font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act</div>
    <div><br>
    </div>
    <div>&#160;</div>
    <div>Securities registered pursuant to Section 12(b) of the Act:</div>
    <div>&#160;</div>
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          <td style="width: 34.92%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Title of each class</div>
          </td>
          <td style="width: 23.31%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Trading Symbol(s)</div>
          </td>
          <td style="width: 41.77%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Name of each exchange on which registered</div>
          </td>
        </tr>
        <tr>
          <td style="width: 34.92%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Common Stock - $0.01 par value</div>
          </td>
          <td style="width: 23.31%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">SIEB</div>
          </td>
          <td style="width: 41.77%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">The Nasdaq Capital Market</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>&#160;</div>
    <div>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-right: 18pt;">Emerging growth company&#160;&#160;&#160;&#160;&#160; &#9744;</div>
    <div>&#160;</div>
    <div>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. &#9744;</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
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    </div>
    <div style="text-align: justify; font-weight: bold;">Item 5.07 Submission of Matters to a Vote of Security Holders.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Siebert Financial Corp. (the &#8220;Company&#8221;) held its Annual Meeting of Shareholders (the &#8220;2019 Annual Meeting&#8221;) on July 30, 2019. At the 2019 Annual Meeting, the following proposals were submitted by the
      Company&#8217;s Board of Directors to a vote of the Company&#8217;s shareholders and the final results of the voting on the proposals are noted below.</div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Proposal No. 1 - The election of the persons named below as directors to hold office until the Company&#8217;s annual meeting of stockholders to be held in 2020 and until his or her successor is duly
      elected and qualified or until his or her earlier resignation or removal.</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="z7202650c465d4208af8686eb04201c53" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 70%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">Name</div>
          </td>
          <td style="width: 2.05%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">For<br>
              Nominee</div>
          </td>
          <td style="width: 1.81%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Authority<br>
              Withheld<br>
              From<br>
              Nominee</div>
          </td>
          <td style="width: 1.81%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Broker<br>
              Non-Votes</div>
          </td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="text-align: center;">&#160;</div>
          </td>
          <td style="width: 2.05%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom;">
            <div style="text-align: center;">&#160;</div>
          </td>
          <td style="width: 1.81%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom;">
            <div style="text-align: center;">&#160;</div>
          </td>
          <td style="width: 1.81%; vertical-align: bottom;">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom;">
            <div style="text-align: center;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div>Gloria E. Gebbia</div>
          </td>
          <td style="width: 2.05%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">23,864,872</div>
          </td>
          <td style="width: 1.81%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">132,420</div>
          </td>
          <td style="width: 1.81%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">&#8212;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom; background-color: rgb(254, 254, 254);">
            <div>Charles A. Zabatta</div>
          </td>
          <td style="width: 2.05%; vertical-align: bottom; background-color: rgb(254, 254, 254);">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; background-color: rgb(254, 254, 254);">
            <div style="text-align: right;">23,959,027</div>
          </td>
          <td style="width: 1.81%; vertical-align: bottom; background-color: rgb(254, 254, 254);">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; background-color: rgb(254, 254, 254);">
            <div style="text-align: right;">38,265</div>
          </td>
          <td style="width: 1.81%; vertical-align: bottom; background-color: rgb(254, 254, 254);">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; background-color: rgb(254, 254, 254);">
            <div style="text-align: right;">&#8212;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div>Francis V. Cuttita</div>
          </td>
          <td style="width: 2.05%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">23,957,328</div>
          </td>
          <td style="width: 1.81%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">39,964</div>
          </td>
          <td style="width: 1.81%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">&#8212;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom; background-color: rgb(254, 254, 254);">
            <div>Andrew H. Reich</div>
          </td>
          <td style="width: 2.05%; vertical-align: bottom; background-color: rgb(254, 254, 254);">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; background-color: rgb(254, 254, 254);">
            <div style="text-align: right;">23,864,353</div>
          </td>
          <td style="width: 1.81%; vertical-align: bottom; background-color: rgb(254, 254, 254);">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; background-color: rgb(254, 254, 254);">
            <div style="text-align: right;">132,939</div>
          </td>
          <td style="width: 1.81%; vertical-align: bottom; background-color: rgb(254, 254, 254);">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; background-color: rgb(254, 254, 254);">
            <div style="text-align: right;">&#8212;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div>Jerry M. Schneider</div>
          </td>
          <td style="width: 2.05%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">23,958,849</div>
          </td>
          <td style="width: 1.81%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">38,443</div>
          </td>
          <td style="width: 1.81%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div>&#160;</div>
          </td>
          <td style="width: 8%; vertical-align: bottom; background-color: rgb(204, 238, 255);">
            <div style="text-align: right;">&#8212;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Proposal No. 2 &#8211; Non-binding advisory vote to approve named executive officer compensation. The compensation of the Company&#8217;s named executive officers as disclosed in the Proxy Statement pursuant to
      Item 402 of Regulation S-K, including the compensation tables and narrative discussion, was approved, on an advisory basis, and the votes were cast as follows:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="zd74ddd9cc0cf4362ab3c1e4809a15c5c" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">For</div>
          </td>
          <td style="width: 4.83%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">&#160;</div>
          </td>
          <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Against</div>
          </td>
          <td style="width: 5%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">&#160;</div>
          </td>
          <td style="width: 20%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Abstain</div>
          </td>
          <td style="width: 5%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Broker<br>
              Non-Votes</div>
          </td>
        </tr>
        <tr>
          <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255); border-top: 2px solid rgb(0, 0, 0);">
            <div>23,969,227</div>
          </td>
          <td style="width: 4.83%; vertical-align: bottom; background-color: rgb(204, 238, 255); border-top: 2px solid rgb(0, 0, 0);">
            <div>&#160;</div>
          </td>
          <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">26,152</div>
          </td>
          <td style="width: 5%; vertical-align: bottom; background-color: rgb(204, 238, 255); border-top: 2px solid rgb(0, 0, 0);">
            <div>&#160;</div>
          </td>
          <td style="width: 20%; vertical-align: bottom; background-color: rgb(204, 238, 255); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">1,913</div>
          </td>
          <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255); border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255); border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">&#8212;</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>&#160;</div>
    <div><br>
    </div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
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    <div style="text-align: center;">SIGNATURES</div>
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    <div style="text-align: justify; text-indent: 36pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
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            <td valign="top" style="width: 50%;">Dated:&#160; July 31, 2019 <br>
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            <td valign="top" style="width: 50%;">&#160;</td>
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              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;">By: </div>
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            <td valign="top" align="left" style="width: 35%; border-bottom: #000000 2px solid;">/s/ Andrew H. Reich</td>
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            <td valign="bottom" align="left" style="width: 35%;">Andrew H. Reich</td>
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            <td valign="top" style="width: 35%;">Executive Vice President, Chief Operating Officer, Chief Financial Officer and Secretary</td>
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