<SEC-DOCUMENT>0001171520-13-000562.txt : 20130823
<SEC-HEADER>0001171520-13-000562.hdr.sgml : 20130823
<ACCEPTANCE-DATETIME>20130823121604
ACCESSION NUMBER:		0001171520-13-000562
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130823
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20130823
DATE AS OF CHANGE:		20130823

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONO TEK CORP
		CENTRAL INDEX KEY:			0000806172
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				141568099
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16035
		FILM NUMBER:		131057095

	BUSINESS ADDRESS:	
		STREET 1:		2012 RT 9W BLDG 3
		CITY:			MILTON
		STATE:			NY
		ZIP:			12547
		BUSINESS PHONE:		8457952020

	MAIL ADDRESS:	
		STREET 1:		2012 RT. 9W, BLDG. 3,
		CITY:			MILTON
		STATE:			NY
		ZIP:			12547
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>eos5277.htm
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported):
<B>August 23, 2013</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>Sono-Tek Corporation</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Commission File Number: 0-16035</P>

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<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%; text-align: center"><B><U>New York</U></B></TD>
    <TD STYLE="width: 50%; text-align: center"><B><U>14-1568099</U></B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">(State of Incorporation)</TD>
    <TD STYLE="text-align: center">(I.R.S. Employer ID No.)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><B><U>2012 Route 9W, Milton, New York</U></B></TD>
    <TD STYLE="text-align: center"><B><U>12547</U></B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">(Address of Principal Executive Offices)</TD>
    <TD STYLE="text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant&rsquo;s telephone number, including
area code <B>(845) 795-2020</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Check appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the following provisions:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">[ ] &#9;Written communications pursuant
to Rule 425 under Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">[ ] &#9;Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">[ ] &#9;Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">[ ] &#9;Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>Item 7.01: Regulation FD Disclosure.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">On August 23, 2013, Sono-Tek Corporation issued a press release
regarding comments made by Christopher L. Coccio at the Company's annual meeting of shareholders held on August 22, 2013 in the
form of the attached exhibit 99.1.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>Item 9.01: Financial Statements and Exhibits.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TD STYLE="width: 19pt; text-align: left">(d)</TD><TD STYLE="width: 5pt"></TD><TD>Exhibits</TD>
</TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TD STYLE="width: 19pt; text-align: right">99.1</TD><TD STYLE="width: 5pt"></TD><TD>Press Release dated August 23, 2013.</TD>
</TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Signatures</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">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: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: center; text-indent: 0.5in">SONO-TEK CORPORATION</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: center; text-indent: 0.5in">By: <U>/s/ Stephen
J. Bagley</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in; text-align: center; text-indent: 0.5in">Stephen J. Bagley</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: center; text-indent: 0.5in">Chief Financial
Officer</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">August 23, 2013</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"></P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>SONO-TEK HOLDS ANNUAL SHAREHOLDERS MEETING
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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0.8in; text-align: right">Exhibit 99.1</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 14pt Times New Roman, Times, Serif; margin: 0 0.8in; text-align: center; text-indent: 0.5in"><U>Sono-Tek Holds
Annual Shareholders Meeting</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.8in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.8in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.8in">Milton, NY, August 23, 2013 - Sono-Tek Corporation (OTCQB:
SOTK) held its Annual Shareholders Meeting on August 22, 2013 in Milton, New York. The results of Fiscal Year 2013, which ended
on February 28, 2013, were discussed.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.8in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.8in">During the meeting, Dr. Christopher L. Coccio, Chairman and
CEO, highlighted the past year&rsquo;s business performance and future prospects. He noted that while Sono-Tek&rsquo;s sales decreased
last year as a result of declining financial support of clean energy initiatives by governments around the world, the Company implemented
cost reduction actions and remained profitable while increasing cash and marketable securities. He also noted that the Company&rsquo;s
sales levels over the previous three years, increased by a rate of over 20% on an annual aggregate growth basis, and that the Company
has set a target of returning to double digit revenue growth this year with increased income and cash generation. He noted that
the Company created a number of new products aimed at additional markets during last year, and the Company is already seeing a
positive impact in sales to the medical device, semiconductor, and food markets.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.8in 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.8in">The Company&rsquo;s President, R. Stephen Harshbarger, and
other members of the management team presented information on the Company&rsquo;s markets which include electronics, clean energy
including fuel cells and solar energy, medical device coatings, and the glass, textile, and food industries.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.8in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.8in">Since the meeting takes place just prior to the end of the
second quarter of the Company&rsquo;s current fiscal year, Dr. Coccio indicated that &ldquo;We have seen an increase in sales from
the fourth quarter of last year to the first quarter of this year of over 10%, and we expect to show another increase in the current
quarter which ends August 31, 2013, supporting our growth targets for this year&rdquo;.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 63pt 0 0.8in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.8in"><FONT STYLE="font-size: 11pt">For further information, contact
Dr. Christopher L. Coccio, at 845-795-2020, or visit our website at <FONT STYLE="color: blue">www.sono-tek.com</FONT>. The Company&rsquo;s
slide show presentation used at the annual meeting and a video presentation is available on the Company&rsquo;s website at <FONT STYLE="color: blue">http://www.sono-tek.com/investor-relations/</FONT></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.8in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0.8in">Sono-Tek Corporation is a leading developer and manufacturer
of liquid spray products based on its proprietary ultrasonic nozzle technology. Founded in 1975, the Company&rsquo;s products have
long been recognized for their performance, quality, and reliability.</P>


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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0 1.2in; text-align: justify"><I>This news release contains forward
looking statements regarding future events and the future performance of Sono-Tek Corporation that involve risks and uncertainties
that could cause actual results to differ materially. These factors include, among other considerations, general economic and business
conditions; political, regulatory, competitive and technological developments affecting our operations or the demand for our products;
timely development and market acceptance of new products; adequacy of financing; capacity additions, the ability to enforce patents,
acceptance of our advanced medical device platform; continued penetration into the food coating and solar energy markets and the
ability to achieve increased sales volume at projected levels and continued profitability. We refer you to documents that the company
files with the Securities and Exchange Commission, which includes Form 10-K and Form 10-Qs containing additional important information</I>.</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0 1in">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0 1in">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0 1in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="height: 12.75pt; vertical-align: bottom">
    <TD NOWRAP COLSPAN="4" STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">Sono-Tek Corporation</FONT></TD></TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom">
    <TD NOWRAP COLSPAN="4" STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">Selected Financial Data</FONT></TD></TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom">
    <TD NOWRAP COLSPAN="4" STYLE="height: 12.75pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom">
    <TD NOWRAP STYLE="width: 50%; height: 12.75pt">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 24%; height: 12.75pt">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 23%; height: 12.75pt">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 3%; height: 12.75pt">&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<TR STYLE="height: 12.75pt; vertical-align: bottom">
    <TD NOWRAP STYLE="height: 12.75pt">&nbsp;</TD>
    <TD NOWRAP COLSPAN="2" STYLE="border-bottom: windowtext 1pt solid; height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">Fiscal Year Ended</FONT></TD>
    </TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom">
    <TD NOWRAP STYLE="height: 12.75pt; width: 50%">&nbsp;</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; height: 12.75pt; text-align: center; width: 24%"><FONT STYLE="font-size: 10pt">February 28, 2013</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; height: 12.75pt; text-align: center; width: 23%"><FONT STYLE="font-size: 10pt">February 28, 2012</FONT></TD>
    </TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD NOWRAP STYLE="height: 12.75pt"><FONT STYLE="font-size: 10pt">Net Sales</FONT></TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">$9,542,353 </FONT></TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">$12,052,893 </FONT></TD>
    </TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom; background-color: White">
    <TD NOWRAP STYLE="height: 12.75pt">&nbsp;</TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center">&nbsp;</TD>
    </TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD NOWRAP STYLE="height: 12.75pt"><FONT STYLE="font-size: 10pt">Gross Profit</FONT></TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">$4,532,261 </FONT></TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">$6,166,226 </FONT></TD>
    </TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom; background-color: White">
    <TD NOWRAP STYLE="height: 12.75pt">&nbsp;</TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center">&nbsp;</TD>
    </TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD NOWRAP STYLE="height: 12.75pt"><FONT STYLE="font-size: 10pt">Operating Income</FONT></TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">$150,609 </FONT></TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">$1,261,339 </FONT></TD>
    </TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom; background-color: White">
    <TD NOWRAP STYLE="height: 12.75pt">&nbsp;</TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center">&nbsp;</TD>
    </TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD NOWRAP STYLE="height: 12.75pt"><FONT STYLE="font-size: 10pt">Net Income</FONT></TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">$132,251 </FONT></TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">$1,432,293 </FONT></TD>
    </TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom; background-color: White">
    <TD NOWRAP STYLE="height: 12.75pt">&nbsp;</TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center">&nbsp;</TD>
    </TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD NOWRAP STYLE="height: 12.75pt"><FONT STYLE="font-size: 10pt">Basic Earnings Per Share</FONT></TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">$0.01 </FONT></TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">$0.10 </FONT></TD>
    </TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom; background-color: White">
    <TD NOWRAP STYLE="height: 12.75pt">&nbsp;</TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center">&nbsp;</TD>
    </TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD NOWRAP STYLE="height: 12.75pt"><FONT STYLE="font-size: 10pt">Diluted Earnings Per Share</FONT></TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">$0.01 </FONT></TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">$0.09 </FONT></TD>
    </TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom; background-color: White">
    <TD NOWRAP STYLE="height: 12.75pt">&nbsp;</TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center">&nbsp;</TD>
    </TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD NOWRAP STYLE="height: 12.75pt"><FONT STYLE="font-size: 10pt">Weighted Average Shares - Basic</FONT></TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">14,484,200</FONT></TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">14,442,908</FONT></TD>
    </TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom; background-color: White">
    <TD NOWRAP STYLE="height: 12.75pt">&nbsp;</TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center">&nbsp;</TD>
    </TR>
<TR STYLE="height: 12.75pt; vertical-align: bottom; background-color: rgb(230,239,255)">
    <TD NOWRAP STYLE="height: 12.75pt"><FONT STYLE="font-size: 10pt">Weighted Average Shares - Diluted</FONT></TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">14,484,200</FONT></TD>
    <TD NOWRAP STYLE="height: 12.75pt; text-align: center"><FONT STYLE="font-size: 10pt">15,407,144</FONT></TD>
    </TR>
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