<SEC-DOCUMENT>0001193125-15-229052.txt : 20150622
<SEC-HEADER>0001193125-15-229052.hdr.sgml : 20150622
<ACCEPTANCE-DATETIME>20150619173659
ACCESSION NUMBER:		0001193125-15-229052
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20150615
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150622
DATE AS OF CHANGE:		20150619

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			American Electric Technologies Inc
		CENTRAL INDEX KEY:			0001043186
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRICAL INDUSTRIAL APPARATUS [3620]
		IRS NUMBER:				593410234
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24575
		FILM NUMBER:		15943213

	BUSINESS ADDRESS:	
		STREET 1:		1250 WOOD BRANCH PARK DR STE 600
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77079
		BUSINESS PHONE:		713-644-8182

	MAIL ADDRESS:	
		STREET 1:		1250 WOOD BRANCH PARK DR STE 600
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77079

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN ACCESS TECHNOLOGIES INC
		DATE OF NAME CHANGE:	19971117
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d947299d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 OR 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of The Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): June&nbsp;15, 2015 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>AMERICAN ELECTRIC TECHNOLOGIES, INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Florida</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>000-24575</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>59-3410234</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>1250 Wood Branch Road, Suite 600, Houston, TX</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>77079</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: 713-644-8182 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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): </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On June&nbsp;15, 2015 Don Boyd, Controller and Principal Accounting Officer
of American Electric Technologies, Inc. (the &#147;Company&#148;) resigned from such positions in connection with his retirement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On
June&nbsp;15, 2015 the Board of Directors of the Company appointed Lynn Theisen as Controller and Principal Accounting Officer. Ms.&nbsp;Theisen, age 54, joined the Company in May 2015. Ms.&nbsp;Theisen was an Investment Accounting Officer for the
World Bank Group in Washington DC from 2008 through 2011. From 2011 through 2015 Ms.&nbsp;Theisen worked as an independent consultant to oil field services companies. Ms.&nbsp;Theisen is a Certified Public Accountant in the State of Texas and she
holds a CGMA designation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Ms.&nbsp;Theisen is employed pursuant to a employment letter agreement a copy of which is filed herewith as
Exhibit 10.1 and incorporated by reference herein. A summary of the principal terms of the employment agreement are set forth in Exhibit 99.1 and incorporated by reference herein. This summary of Ms.&nbsp;Theisen&#146;s employment agreement is
qualified in its entirety by reference to the agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">There are no arrangements or understandings between Ms.&nbsp;Theisen and any
other person pursuant to which she was selected as an officer. Ms.&nbsp;Theisen does not have any family relationship with any director or other executive officer of the Company or any person nominated or chosen by the Company to become a director
or executive officer, and there are no transactions in which Ms.&nbsp;Theisen has an interest requiring disclosure under Item&nbsp;404(a) of Regulation S-K. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="10%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits. </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:28.45pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit<BR>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:25.30pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Employment Letter Agreement with Lynn Theisen.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Summary of Lynn Theisen Employment Letter Agreement.</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="45%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top" COLSPAN="3">AMERICAN ELECTRIC TECHNOLOGIES, INC.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: June&nbsp;19, 2015</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Charles M. Dauber</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">Charles M. Dauber</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top">President and CEO</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:28.45pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit<BR>Number</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:25.30pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Letter Agreement with Lynn Theisen.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Summary of Lynn Theisen employment agreement.</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d947299dex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g947299img1.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">April 17, 2015 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Lynn Theisen
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">C/O The Rowland Group </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3 Riverway, Suite 525 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Houston, Texas 77056 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Lynn: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">It was a pleasure meeting with you and discussing the career opportunity and your qualifications. I am pleased to offer you the position of Controller and
Principal Accounting Officer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following are the terms of our offer: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1)</TD>
<TD ALIGN="left" VALIGN="top"><B>COMPANY OF EMPLOYMENT:</B> M&amp;l Electric (dba American Electric Technologies, Inc.) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2)</TD>
<TD ALIGN="left" VALIGN="top"><B>POSITION AND TITLE:</B> Controller and Principal Accounting Officer </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3)</TD>
<TD ALIGN="left" VALIGN="top"><B>REPORTING TO:</B> Andrew Puhala, Senior Vice President&nbsp;&amp; CFO </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4)</TD>
<TD ALIGN="left" VALIGN="top"><B>CLASSIFICATION:</B> Full-time, Level 1 employee. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5)</TD>
<TD ALIGN="left" VALIGN="top"><B>GENERAL JOB RESPONSIBILITIES:</B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top">Manage monthly, quarterly&nbsp;&amp; annual close process and the timely and accurate completion of financial statements, SEC reports and other statutory filings. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top">Provide oversight and direction for all accounting department functions. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top">Establish and maintain a robust internal controller environment. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top">Other duties as assigned by the Chief Financial Officer </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6)</TD>
<TD ALIGN="left" VALIGN="top"><B>COMPENSATION:</B> The following are the elements of your compensation plan: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"><B>Annual Salary:</B> $145,000 paid semi-monthly </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"><B>Annual Cash Bonus:</B> Eligible for an annual cash bonus of $20,000 based on achievement of mutually agreed upon personal and corporate objectives. (Prorated based on start date.) </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"><B>Annual Equity Bonus:</B> In addition to the cash bonus, you are also eligible for an annual equity bonus at a value of $10,000. The equity bonus is 20% fixed based on employment and 80% variable based on the same
mutually agreed upon objectives as the annual variable cash bonus described above. The equity bonus is prorated for 2015 based on your employment start date and subject to a four year vesting schedule. The equity and cash bonus is subject to
approval by the Compensation Committee of the AETI Board of Directors. You must be employed by the Company at the time the bonuses are distributed to receive any bonus. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top"><B>Company benefits:</B> Upon meeting eligibility requirements, you will be offered the standard Company employee benefits which include medical insurance, 401(k) retirement program, Employee Stock Purchase Plan, and
mobile telephone reimbursement policy according to the terms of the current Company policies and procedures. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">e.</TD>
<TD ALIGN="left" VALIGN="top"><B>Vacation:</B> You are eligible for 3 weeks&#146; vacation (prorated based on your start date) and earned monthly per company vacation policy. Our Company policy does not permit
<FONT STYLE="white-space:nowrap">carry-</FONT> overs or buy outs of unused vacation time. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">f.</TD>
<TD ALIGN="left" VALIGN="top"><B>Confidentiality:</B> You are requested to keep confidential all compensation matters. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7)</TD>
<TD ALIGN="left" VALIGN="top"><B>SUBSTANCE ABUSE TESTING: </B>All applicants are required to undergo Substance Abuse Screening. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8)</TD>
<TD ALIGN="left" VALIGN="top"><B>EVALUATION PERIOD:</B> All employees are subject to successfully completing an initial ninety-day (90) evaluation period at which time your performance will be evaluated. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9)</TD>
<TD ALIGN="left" VALIGN="top"><B>EMPLOYMENT-AT-WILL:</B> All employment with the Company is employment at-will. Consequently you have the right to terminate your employment at any time for any reason, and the Company retains the same right. Your
tenure in this position is dependent upon your individual performance as well as other factors such as business conditions. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">10)<B></B></TD>
<TD ALIGN="left" VALIGN="top"><B>IMMIGRATION REFORM AND CONTROL ACT:</B> The Immigration Reform and Control Act of 1986 requires all employers to hire only American citizens and resident aliens who are authorized to work in the United States.
Therefore the Company will verify your eligibility for employment. A list of acceptable documents needed for presentation on the first day of employment can be found in your new hire documents. If you do not have any of these required documents, you
must give evidence of having applied for them in order to satisfy the terms of the Act. <B>Without the aforementioned documents the Company cannot permit you to begin your employment.</B> </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Lynn, I look forward to working with you and having you as a key member of the team. This offer is valid until Wednesday, April&nbsp;22, 2015. We would like
you to start your formal employment with the Company on or before May&nbsp;4, 2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If you accept these terms, please sign and date a copy of this letter
and return one signed copy to me to start your employment with the company. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sincerely,</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em">


<IMG SRC="g947299img2.jpg" ALT="LOGO">
</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Andrew L. Puhala</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Sr. VP&amp; CFO</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">American Electric Technologies, Inc.</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I agree to employment by M&amp;l Electric, Industries, Inc., on the foregoing terms. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="29%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="30%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;</P></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Lynn Theisen</P></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">Date</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>d947299dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Summary of Lynn Theisen Employment Letter Agreement </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Ms.&nbsp;Theisen is employed pursuant to a letter agreement which provides for an annual salary of $145,000 and an annual performance-based
cash bonus target of $20,000 based on achievement of individual and Company performance objectives to be agreed upon. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subject to approval
of the Compensation Committee, Ms.&nbsp;Theisen will also receive an annual equity bonus valued at $10,000 of which 20% is subject to a continued employment requirement and 80% is based on achievement of individual and Company performance
objectives. The equity bonus is subject to vesting in four equal annual installments from the original grant date, subject to a continuing employment requirement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Ms.&nbsp;Theisen is entitled to receive the Company&#146;s standard employee benefits. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Ms.&nbsp;Theisen&#146;s employment is &#147;at will&#148; with no established term. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This summary of Ms.&nbsp;Theisen&#146;s employment letter agreement is qualified in its entirety by reference to the agreement, a copy of
which is filed herewith as Exhibit 10.1 and incorporated by reference herein. </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g947299img1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g947299img1.jpg
M_]C_X``02D9)1@`!``$`8`!@``#__@`?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$``@&!@<&!0@'!P<*"0@*#18.#0P,#1L3%!`6(!PB(1\<
M'QXC*#,K(R8P)AX?+#TM,#4V.3HY(BL_0SXX0S,X.3<!"0H*#0L-&@X.&C<D
M'R0W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W
M-S<W-S<W-__$`:(```$%`0$!`0$!```````````!`@,$!08'"`D*"P$``P$!
M`0$!`0$!`0````````$"`P0%!@<("0H+$``"`0,#`@0#!04$!````7T!`@,`
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1``(!`@0$`P0'!00$``$"=P`!`@,1
M!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_``!$(`#4`]P,!$0`"$0$#$0'_V@`,
M`P$``A$#$0`_`/?Z`"@`H`X/QY\3;3P3>6UD+,WUU*I=T679Y:]L\'KS^5;T
MJ+J:F-2JJ>AR'_#0*?\`0N-_X%#_`.)K;ZIYF7UGR#_AH%/^A<;_`,"A_P#$
MT?5/,/K/D'_#0*?]"XW_`(%#_P")H^J>8?6?(/\`AH%/^A<;_P`"A_\`$T?5
M/,/K/D'_``T"G_0N-_X%#_XFCZIYA]9\@_X:!3_H7&_\"A_\31]4\P^L^0?\
M-`I_T+C?^!0_^)H^J>8?6?(/^&@4_P"A<;_P*'_Q-'U3S#ZSY!_PT"G_`$+C
M?^!0_P#B:/JGF'UGR#_AH%/^A<;_`,"A_P#$T?5/,7UGR/6M`U7^W-`L=4$/
MD_:H5E\O=G;D=,]ZY)1Y6T=47S*YY'K?[1%II6NWNGP:"UU#;3-$)Q<A=^#@
MD#;_`%J2CUB;7K6/PH_B"/\`>6JVANUP?O+MW`9H`\Y\#_'"W\8>*;?1'T8V
M37"L4E-QO^8#.,;1Z&@"G??M`6EGXKFT=-$:6"*Z^S_:?M.,@-M+8V_UH`U?
MB#\9$\">(UT@Z*;W,"S>8+C9U)XQM/I0!0\.?'5/$"ZL1H#0?V?827G_`!\[
MM^S'R_=XSGK0!B+^TO%N&[PN^.^+L?\`Q%`'73_&C2F^'\GBG3[&2<PW"6\U
MI(X1HV;WP<CTH`N>&?BQINL^";_Q1J=O_9EI9S&)E,GF%S@$`<#).<8H`X:3
M]I6/^T`D'AIFM-V-SW.'(]<;2/UH`]*\>^/[;P+X;MM6DM3=27,BI%!YFPG(
MR3G!Z`4`9'PX^+=MX_U.[T\Z:;">"(2H#-O\P9P>PQC(_.@#'\4?':#PQXPO
M-#FT)Y8[654>=;C!((!)"[??IF@#5\>_%ZV\&#29+;3O[2M]2@,\<BS[!MXQ
MV.<YH`T;[QW?V^E6&HVVD0RPW>FM?^6UP5<%0I*#Y2#]\8/UH`U?"'BT>+([
MZ5+)[:*WD5$+GF0%02<8XP<C\*`.EH`*`,_7-8M=`T:ZU2\;;!;H6/J3V`]R
M>*J,7)V1,I**NSY'UO6+K7]:NM4O&S-<.6([*.RCV`XKUH14%9'ERDY.[,^K
M)"@`H`*`"@`H`*`"@`H`*`/I)?$`\,?`FWU7<%EBTU5B]Y&&U?U->15^-GJT
M_@1\N6JZ7)X>U26ZN"-4\R(VR;2=ZY._GH.W6LRSUW0O&/G?LX:W8R2?Z388
MLQSSLD8;?T+#\*`/+=)%_P"'+?2?%UK_``7CQH>VY%4X_$,?RH`J7FE75OHM
MAKDS';?S2A">^PKD_FQ_*@#L/C+>C4O$FCWP.1<:1;RY^H)H`Z[P[-XB/@_Q
M0FMZII]S;G17^SQ030,Z\#J$^;IZT`>0:=J]YIVCZI:06\+V]^J13221;F3!
M)&T_PD\_E0!WB^'DTOX`7NJK?17)U*^@)2+/[G9N&UL_Q<G]*`,.1;H_!:W,
M>[[*-:?S<=-WE+MS_P"/4`=_\--1^&$'P\D@\1)9#4-S_:1<Q[I7Y^78<9QC
M'3O0!C?'KQ!%J7BJPT:V<BTTVW7(/9G`//T7;0!A>&]?TSPI\7+74-'N#)HX
MG$>\J5S$X`;(//&2?PH`F^(6G'6/C?J6FI($:[O(XE;L"RJ`?UH`YC7K[4DL
M[7P[JL;)/HTDL*ANJ`D$K]`02/K0!]@^"$1_`>@;D!_T"(<C_8%`&^J(F=JA
M<]<#%`#J`"@#P'XU^,/[0U1/#EG)FVLVWW!!X:7LO_`1^I]J[\-3LN9G#B*E
MWRH\EKL.4*`"@#H?`VD:?KOC&PTW5)O*M)6.[#;2Q`)"Y[9/%959.,&T:4HJ
M4K,]-\5_#7P#8:E&DGB`:(S)G[.SA\^_S<BN6%:HUM<Z9TJ:>]C!_P"$$^'W
M_0_I_P!\K6GM:O\`*1[*G_,22_#/PQ<:#JFHZ/XK?4&L(&E9$12,@$@'ZXI*
MO-22:!T86;3/*Z[#E-'0--36?$&GZ8\C1)=3K$749*@G&:B<N6+94(\TK'H]
M[\-_`^FWDMG>>.?(N(CM>-U4%3[US*M4:NHG2Z5-.S97_P"$$^'W_0_I_P!\
MK3]K5_E%[.G_`#&I\5YM&TOX;>&-(DNKR[TQSF.:U9%,H1>"<@\?-GBN&;;D
MVSL@DHI(\VT[Q+\/;+0)=-G\)7=Y<2!P+V6=1*F1P1@8X[5)1-K.D^'O"_A[
M3?\`2=7DM?$%JETT2M$-NUOE!XY()-`'I'@CP/H/CKX/1:;#)>6UNM^\R2R;
M&D##@]!C!%`'"^/-8\+P0V?@J:PU%4\.R20+<121YF)(W,01QDC/XT`4M-3P
MUX_\1:#H;#5K:18%LHY2\;#:NX@D8_"@#<UK2O!'PMOM2L5U;4=4U*[LI+26
M")4`A#@<LW8\=.:`.6\+ZAX4:QU;1+BPU%UU&(,LOFQDQ-$&<$?*.3R/QH`K
M6_B#P[;>'[S0U&LFQNY$F9#)%\KKT8<>G!_"@#KO!/C'PI;^&-4\*2:%>WUC
M.DMW(;B9`?D3.!@<'Y>#ZT`>?O+X0^W>;%!K"6^[(C,D9(]MV/Z4`=]X0L_`
M7C?QTD^HWVI)?7,YD^RWBH8IS_<W+S^''2@#,^(H\#VOC"[TZWT6^T\V#&!Q
M:2ILE(.=V&!(/./PH`[K7O!?A7PQ<Z;XYUSQ'?>>Q@FBMQ&C/,R*N`!^`R>E
M`'G/CCQ?X5\9^)CJS:/J%DSJ$E,4R9DQT8@KP<<=>U`'U+X/^S_\(9HOV0R&
MW^QQ>7YN-VW:,9QQF@#:H`*`.7\>^*X_"/A>XO@0;N3]U;(?XG/?Z#K^%:4H
M<\K&=2?)&Y\I2RR3S/-*Y>21BS,3R2>IKUDK:'F-W&JI9@J@DDX`'>C81M:S
MX0U_P_9P7>JZ9+;6\W".V#SZ''0^QJ(U(R=DRY4Y15VC$K0@FL[2YOKR*ULX
M7FN96VQQQC+,?:I;26HTFW9%W6=$UG1[T0:Q97$%PR[AYOS%AZ@\YJ8RBU[I
M4HR3U,[RW_YYM_WR:NZ)LST_X9JR^"/'&5(_T0=1C^%ZY*WQQ.FDO<D>7#I7
M8<IO^"#CQUH6>/\`3(_YUE5^!FE/XT6_B3_R4;7/^N__`+**5#^&AUOC9RM;
M&1Z!\6/^25^`?^N3?^@+7D5?C9ZM/X$</X0N]=M[*X72?"=MK49D!>2;33<F
M,XZ`CIZXK,LZWXXHR1>#U>U2T?\`LP%H$CV+&21E0O;![4`>G_`.:*/X8Q*\
MJ*?M4O!8#N*`/G[XE?\`)2O$6/\`G]D_G0!Z5\.;SQ$_B2T^V>![.SMXK>21
M+M-),3!EC)4^8>Y./KF@#R325@UOQ?:C7+QHH+N['VJ=CR`S?,<GI0!]0R?"
MKX>V[Z?+%:16KA@D3)<'_2-PQM.3\V03TYH`\.^-?AG2/"OB^TL=%LQ:V[V:
MR,@8MEBS#/)/8"@#L_"G@_0A\#+KQ*+!1J_V&Z'VC>V?XEZ9QTXZ4`>-^&-8
ML]"UN.^OM)@U6!493;3G",2,`G@].M`&]\./"^I^+/&]K+ID*PP6MREQ,X<`
M0H&SQDY/3`H`K_%'_DI_B+_K[:@#4^,5[=7'BVTMIF;R+;3K98%/0`QAB1^)
M/Y4`>H_#GX:^`M9^'=I?7<$=[<W$9:YG:<JT+]U&"-N/_KT`>M:!:6=AX?L+
M33Y_/LX(5CAEW!MR`8!R.O'>@#2H`0D*"2<`=Z`/E[XG^+SXK\4/]GDSIUEF
M*W`Z-_>?\3^@%>G0I\D==SS:T^>1Q-=!B36ER]E>0746/,@D61<C(R#D?RI-
M75AIV=SV+XN>+)[[P=H-K]G2-=4B6[E.<[<`84?B>OM7%AZ=IM]CKKSO%>9X
MO7<<9N>$?$3>%?$]IK"VXG$)(:,G&5(P<'L>:SJ0YX\I=.?)*YZ!K?QTOKB[
M4Z1I5O%;JO/VM=[D_@0`*YXX5):LZ)8AWT1F?\+L\1_\^&E_]^#_`/%57U:/
M<CZQ(ZOP[XVU'QAX(\7?;[>UB^S69V>0A7.5;.<D^E8SI*G.-C6%1S@[GA8Z
M5Z!Q&[X+_P"1WT/_`*_(_P#T(5E5^!FE/XT7?B3_`,E&US_KO_[**5#^&AUO
MC9RM;&1Z;\1M-&H_"[P*IOK2TV0DYN9-@;Y%Z<&O(J_&SU:?P(\[T_3M6TRW
ME_L[QA96L.X%Q!J#H">V0!STK,L['7=`O/B#HV@QZ5K5A?W6C6!74)9;HC82
MY.XLPY&.]`'"V_@^XN))X[?7-)<VZ-))MNC@*.ISCG\*`-GQ/X.N;V>;Q+%J
MNEC2;R<QPSM<$!F`Y&,9SP:`.D\#67B6R^(VC65_XLBE6.5&>T_M%FW)MW`!
M3P?E(.*`'^,/AEI'B#Q+JDO@K6[)YX"TMY83,8_((.&(8C&,]CTH`Y_X=:8M
MC\1-'FO]?TQ(K.?.&N\@\$84].N.]`'8_&;PY-XL^)=E9:;?V/VW[(D0MY9M
MCELLW`QCH?6@#I_L\/@CX(2>&?$.HV5EJ<]O/'&C39#%F8C&!G'(YQ0!YU\,
MOAFVM:M)-<WFFWFDFWEBG-O<AGB+(0K;<9!!P<^U`&-X?LM0\$^-8KG3?$FB
M-<6\A0@WF(Y4S@JQQ@`_7C\*`-#Q]X*U'4?B#/.;W3()=9E6:UA>[!9PYPN"
M!CKQ0!U_CVV\!^,M-TZ*/Q39V?B"RA2VW%6*28XV-@=CG!H`\JU;P5J7A[57
MTB_U?3+>8G#J+S('^]CI^(H`^N_"5F=.\'Z/9F2.0PVD2;XSE6PHY![B@#9H
M`\V^,'B\Z#X>_LJS<B_U`%<KUCB_B/X]!^-=&'AS2N^AA7GRQLCYQVL/X3^5
M>E='GV8;6_NM^5%T%F!5L?=;\J+H+,]$^)1)T'P6H!XTP'I_NUS4?BD;U?AB
M>=[6_NM^5=-T868;6_NM^5%T%F&UO[K?E1=!9AM;^ZWY47069ZA\,@1X(\<9
M!'^B#M_LO7)6^.)TT=(2/+PK8^ZWY5UW1S69N^"U8>-]#^4_\?D?;_:%9U6N
M1ETU[R+OQ)5O^%C:YA3_`*_T_P!D5-!KV:*K+WV<KM;^ZWY5M=&5F>[>)-'L
M-0_9[MKN[M$FN;+35>W=@<QL=H)%>34^-GJ4_@1Y/=:/8Q?`>QU6.S1=0FU1
MHI)@#N9`&P#[5F63Z/;W>L?#C6]/T6875Y'%;RSP06(BD\I6.Y2XYDY*G_@)
MH`GTG5_",W@&ZTNS\.SP>(X=/F\^\)X.!\Q/.3GTQQ0!S-[INN1_#'2[Z;4`
M^C27LB0V>#F.0`Y;IWY[T`;EWH.HZ_\`$^:WTJ5H=1ALHKFV8<9DC@1@,]B<
M?G0!2T.VU[Q)'XT-I!)_:,\`FGA0$,X\X%U`_7'MB@"&YN?#=[X'T_0M.\-W
M8\6+-B:<*27Y.1C.3G(&,<8H`VKZ^N?!7Q0\-WNOI---IUC;_:%3YGSY9&.>
MI&0.O:@"?Q3J=K?_`!%T_P`::_I%[>>%;^-6A1AT4*5VG!QD,"<9YS[T`5]`
MT74O$GB'Q/?^!M.NM/TB2SE1$)(#`J/W8/3)()`SQ0!@17=A8>&;?3(]&C/B
M&.Z8W$=U9EWE'&P*>JXYRN.<T`=5JT6KQ^./AV-9M8[:\V0$P10B-8D^T-M7
M:.`<8H`YCP[<VUGXSNGO+F*"/[8/EEL1<>9^\Y`S]WZT`6O%,MAI_C+5KK1+
MI[VYN+V1'LKVP$A8%B203G(STZ&@#ZO\/37ESX<TV;4+5;6\>W1I8%&!&VT9
M&.WTH`TJ`&-%&YRR*Q]2,T!83R(?^>2?]\BB[%9!Y$/_`#R3_OD47860>1#_
M`,\D_P"^11=A9"F*-L`QJ<=,CI1<=A/(A_YY)_WR*+L5D'D0_P#/)/\`OD47
M860>1#_SR3_OD47860>1#_SR3_OD47860HBC4$*B@'J`.M`[">1#_P`\D_[Y
M%%V*R`0Q`Y$2`C_9%%PL@,,3')C0GU*BBX[!Y$/_`#R3_OD478K(=L7;MVC;
MZ8XH&)Y,>W;Y:[?3'%``D4<9RB*OT&*`&BV@5F80QAF^\0HR?K0`[R8MH7RT
MVCMM&*`%$4:MN"*&]0.:`!8T5BRHH)ZD#K0`T00K*91$@D/5@HR?QH`5H8G.
M6C5CZD9H`&AB:/RVC4Q_W2./RH`5$2-`B*%4=`HP!0`TP0F42F)/,'\>T9_.
L@!QC1F#,BEAT)'2@!OV>'.?*3/\`NB@`,$)E$IB0R#HVT9'XT`24`%`'_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g947299img2.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g947299img2.jpg
M_]C_X``02D9)1@`!``$`8`!@``#__@`?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$``@&!@<&!0@'!P<*"0@*#18.#0P,#1L3%!`6(!PB(1\<
M'QXC*#,K(R8P)AX?+#TM,#4V.3HY(BL_0SXX0S,X.3<!"0H*#0L-&@X.&C<D
M'R0W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W
M-S<W-S<W-__$`:(```$%`0$!`0$!```````````!`@,$!08'"`D*"P$``P$!
M`0$!`0$!`0````````$"`P0%!@<("0H+$``"`0,#`@0#!04$!````7T!`@,`
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1``(!`@0$`P0'!00$``$"=P`!`@,1
M!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_``!$(`"T`E`,!$0`"$0$#$0'_V@`,
M`P$``A$#$0`_`/?J`"@`H`JW^HV>F6YGO;A(8^@+=2?0#J3["@#+34=:U0*^
MG6*65N?^6M\#O(]1&/ZD?2@"70;Z_N9-0MM0,$DMG/Y8E@4JK@J&Z$G!&<&@
M#9H`*`"@`H`*`"@`H`;))'$A>1U1!U9C@"@"A!KNEW-VMK#>QM,WW5S][Z'H
M?PH`T:`(UGA:9H5E0RH,L@8;@/<4`24`%`!0`4`9-WJ\DEP]CI40N;M3AW;_
M`%4/'\1[GV'-`":=H,=M<"]O9FOM1QS/+T3V1>BCZ<^]`%S4[]-,TZ>[=2_E
MK\J#J['@*/<G`H`KZ#82:?I,<=P=UU*3-.WK(QR?RSC\*`-.@`H`*`"@"'[7
M!]L^R"0&XV;R@ZA>F3Z4`34`4-1U-;'RX8XS/>3DB&!3@MZDGLH[F@".+2?.
MD%QJ;BZFSE4_Y91_[J_U/-`%?68XKJ^TNR0#SHIQ<X4?<5>I]LYQ0`S5-6EE
M>:TT^01B(8N+KKY.>BJ/XG/Z4`9WAZT>.^E^PP"$9'VNX<[RQ'2,'N><LWKQ
M0!U]`!0`=!D\"@#$:>;7M\5G*T&GAMKW"CYIO4)Z#MN_*@#4M+.WL+9;>UA6
M*%>BJ*`)Z`.?C(\0:WYH.=-TZ0A.1B:<=3]%_G]*`.@H`PK_`%.YO-0.DZ0P
M$RC_`$BY(RL`]!ZM[4`;44?E0I&79]J@;G.2?<T`/H`YO4M4U1;66<P_V?;*
MVU=V'GF).`%`X7)]<GVH`O:#I`TNS+S?/>S_`#W$A8L2?3)["@"[?WT&F6$]
M[=/L@A0NQ[_0>]`%71TN98GO[ZW2"YN.5C'+11_PJ3Z]SCC)H`?J6K1V++!'
M&UQ?2#,5O']YO<^B^YH`Q+MY=*1U>Z0ZM?8:>8CY8(QQD#T'0#J30!3>"=VM
M-+M<P2."8HVY:%/XII/]L]O3-`'8VEK#96D5M`NV*)=JB@":@`H`Q]2+ZC?I
MI$;%(M@ENF']S/"#_>P?P%`&LB)%&J1J$11@*HP`*`,W7-<M]#LC*ZM+.W$,
M"<M(QX`'X]Z`*MY+>7&FV-A=7<%C?7@VS>4XW*,'<$SU/;-`&E!'8Z/IL<,;
M16]I;KM!+`!0/4T`8MUK<FMR?V=X?G!8C]_=XXA7V]2>U`&CH\>EZ=OTFQG1
MIX`'F7?N<D_Q-[F@"_<BY,?^BM$K_P#3121^AH`J:?J,TUU/97D`ANH`&^5L
MI(IZ,OX@C!H`Q_[3DU777:SM#=Q6!*H!)L3?W8G]`/J:`-S3-1CU*V:18VBD
MC<QRQ/\`>C<=0:`,J_QK'B..Q8_Z!IH6XN<]&EZHI]@/F/X4`2KJ%_K0(TD"
MWL\X^VR#)<>L:]_J>/K0`^3^RO"UH]S*SF64X+N=\T[>GO\`3H*`.23Q!:M+
M<:UL%]J,B@Q6R'*6J=%WD<;CGIUR>/6@#K_#^F365HUS?2>=J5U\]Q)C'/90
M.P`XQ0!L=.O%`%275=.MVVS7]M&WH\R@_P`Z`+$4L<T8>*19$/1E.10!D77V
MG2]6EOXK.2[@N45)%AP7C9<X(!/(.:`$_M+5[]O+L=+>T3.#/>D#`]D!))^N
M*`'2^'Q)9K&+V870E$IN2`S,PZ<'C'H.U`$4GA.RDB3_`$BZ%VK^8;OS,S,<
M$=2.!@G@=*`*-[X#L)I[=[1A;+&"'#)YI8\?-\QQN]R#UH`F'A,Z=.UQH=Y]
MDFEC,<S2J9=^3G=U'S#MVYH`S=/\*>(-+MYC:ZC9"ZEF#R3&-M\J@_=+=A]!
MZT`;30^*D;>EUIDA=<%&C=5B/J,'+?CCI0`EUH^I_P!GW/D7RR:E=!8WN'78
M(TSSM`Z8R?QH`T],TVWTG3XK.U7$<8ZGJQ[DGN30!:5%0L54`L<D@8R?>@#/
MT;37TZRD2X=9;F>5IIW`X9F/\@,#\*`*4OA&Q$OFV%S>::V<D6DY1#_P`Y7]
M*`)++PS:VU\]]=7$^H731^4)+I@VQ.X4``#/>@"+5=,FB.GC2]-@DM[>4R-`
M&$2EL84GCL3F@"2"#Q+<9-Y>V5HI_@MHB[#_`($Q_I0!*OAVU8EKN>ZO&/7S
MIF*_]\C`_2@"Q%H>DP',>F6JM_>\E<_GB@"W#!#;ILAB2),YVHH`S^%`$N*`
M#%`!B@`Q0`8H`,4`&*`#%`!B@`Q0`8H`,4`&*`#%`!B@`Q0`8H`,4`&*`/_9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
