-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Va4l1IZj2lhq6fU8yvSvrIh6z4vt7UG3adZW86sLJ4F1GTahZvkUmXJvx4UQpXPD OJDtA57Y1Y/ig/SUV02Mtg== 0000950124-97-003670.txt : 19970703 0000950124-97-003670.hdr.sgml : 19970703 ACCESSION NUMBER: 0000950124-97-003670 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970702 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: RALCORP HOLDINGS INC /MO CENTRAL INDEX KEY: 0001029506 STANDARD INDUSTRIAL CLASSIFICATION: GRAIN MILL PRODUCTS [2040] IRS NUMBER: 431766315 STATE OF INCORPORATION: MO FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12619 FILM NUMBER: 97635533 BUSINESS ADDRESS: STREET 1: 800 MARKET STREET STREET 2: SUITE 2900 CITY: ST LOUIS STATE: MO ZIP: 63101 BUSINESS PHONE: 3148777000 MAIL ADDRESS: STREET 1: 800 MARKET STREET STREET 2: SUITE 2900 CITY: ST LOUIS STATE: MO ZIP: 63101 FORMER COMPANY: FORMER CONFORMED NAME: NEW RALCORP HOLDINGS INC DATE OF NAME CHANGE: 19961223 11-K 1 FORM 11-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K [ X ] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 1996 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-12619 RALCORP HOLDINGS, INC. RALSTON RESORTS, INC. SAVINGS INVESTMENT PLAN RALCORP HOLDINGS, INC. SUITE 2900 800 MARKET STREET ST. LOUIS, MISSOURI 63101 2 RALSTON RESORTS, INC. SAVINGS INVESTMENT PLAN STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
Year Ended December 31, 1996 - ------------------------------------------------------------------------------------------------------------------------------------ U.S. Growth Inter- Parti- Ralcorp Fixed Equity Government and Aggressive national cipant Stock Income Index Money Income Balanced Growth Growth Loan Fund Fund Fund Market Fund Fund Fund Fund Fund Total ------- ------ ------- --------- ------ -------- ---------- -------- ------- ----- Additions to Net Assets: Contributions: Participants $210,277 $ 2,277 $18,135 $11,958 $23,116 $15,211 $21,254 $21,050 $323,278 Employer 83,481 83,481 -------- ------- ------- ------- ------- ------- ------- ------- ------- -------- 293,758 2,277 18,135 11,958 23,116 15,211 21,254 21,050 $ - 406,759 -------- ------- ------- ------- ------- ------- ------- ------- ------- -------- Investment income: Dividends and interest 414 737 2,417 6,601 4,501 3,322 2,776 1,100 21,868 Net appreciation (depreciation) in fair value of investments (28,943) (14) 4,756 8,494 4,094 3,619 4,836 (3,158) ------- ------- ------- ------- ------- ------- ------- ------- ------- -------- (28,943) 400 5,493 2,417 15,095 8,595 6,941 7,612 1,100 18,710 ------- ------- ------- ------- ------- ------- ------- ------- ------- -------- Total Additions 264,815 2,677 23,628 14,375 * 38,211 23,806 28,195 28,662 1,100 425,469 -------- ------- ------- ------- ------- ------- ------- ------- ------- -------- Deductions from Net Assets: Benefits paid (16,323) (772) (2,360) (2,637) (4,154) (2,153) (8,680) (9,747) (2,387) (49,213) Administrative expenses (5,386) (86) (474) (410) (738) (600) (899) (682) (9,275) -------- ------- ------- ------- ------- ------- ------- ------- ------- -------- (21,709) (858) (2,834) (3,047) (4,892) (2,753) (9,579) (10,429) (2,387) (58,488) -------- ------- ------- ------- ------- ------- ------- ------- ------- -------- Net Increase (Decrease) Prior to 243,106 1,819 20,794 11,328 33,319 21,053 18,616 18,233 (1,287) 366,981 Interfund Transfers Interfund Transfers (2,101) (1,439) 3,221 (4,445) 24,654 (27,889) (3,698) (2,506) 14,203 - -------- ------- ------- ------- ------- ------- ------- ------- ------- -------- Net increase(decrease) in assets 241,005 380 24,015 6,883 57,973 (6,836) 14,918 15,727 12,916 366,981 -------- ------- ------- ------- ------- ------- ------- ------- ------- -------- Net assets, beginning of period 75,192 6,020 14,980 44,598 42,176 62,423 47,807 49,907 8,422 351,525 -------- ------- ------- ------- ------- ------- ------- ------- ------- -------- Net assets, end of period $316,197 $6,400 $38,995 $51,481 $100,149 $55,587 $62,725 $65,634 $21,338 $718,506 ======== ====== ======= ======= ======== ======= ======= ======= ======= ========
See accompanying notes to financial statements. 3 RALCORP HOLDINGS, INC. SAVINGS INVESTMENT PLAN STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION (in thousands)
December 31, 1995 ------------------------------------------------------------------------------------ U.S. Growth Ralcorp Fixed Equity Government and Stock Income Index Money Income Balance Fund Fund Fund Market Fund Fund ------- ------ ------ ---------- ------ ------- Assets Investments Shares in registered investments companies $ 1,087 $ 6,040 $ 10,540 $ 7,161 $ 7,958 $ 9,041 Ralcorp common stock 42,011 Insurance company contracts 1,729 Note receivable from participants ------- ------- -------- ------- ------- -------- Total investments 43,098 7,769 10,540 7,161 7,958 9,041 ------- ------- -------- ------- ------- -------- Contributions receivable 1 1 1 Interest and dividends receivable 1 ------- ------- -------- ------- ------- -------- Total Assets 43,099 7,769 10,541 7,162 7,958 9,042 ------- ------- -------- ------- ------- -------- Liabilities Contributions payable 9 1 Fee payable 5 ------- ------- -------- ------- ------- -------- Total Liabilities 14 1 - - - - ------- ------- -------- ------- ------- -------- Net Assets available for Benefits $43,085 $7,768 $ 10,541 $ 7,162 $ 7,958 $ 9,042 ======= ====== ======== ======= ======= ======== December 31, 1995 ------------------------------------------------------------------------------------------------ Inter- Parti- Aggressive national cipant Growth Growth Loan Fund Fund Fund Total ---------- -------- ------ ----- Assets Investments Shares in registered investments companies $ 3,694 $ 4,726 $ 50,247 Ralcorp common stock 42,011 Insurance company contracts 1,729 Note receivable from participants $ 7,344 7,344 -------- --------- -------- --------- Total investments 3,694 4,726 7,344 101,331 -------- --------- -------- --------- Contributions receivable 3 Interest and dividends receivable 1 -------- --------- -------- --------- Total Assets 3,694 4,726 7,344 101,335 -------- --------- -------- --------- Liabilities Contributions payable 10 Fee payable 5 -------- --------- -------- --------- Total Liabilities - - - 15 -------- --------- -------- --------- Net Assets available for Benefits $ 3,694 $ 4,726 $ 7,344 $ 101,320 ======== ======== ======== =========
See accompanying notes to financial statements. 4 RALSTON RESORTS, INC. SAVINGS INVESTMENT PLAN STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS WITH FUND INFORMATION
December 31, 1996 --------------------------------------------------------------------------------------------- U.S. Growth Inter- Parti- Ralcorp Fixed Equity Government and Aggressive national cipant Stock Income Index Money Income Balanced Growth Growth Loan Fund Fund Fund Market Fund Fund Fund Fund Fund Total ------- ------ ------ --------- ------ -------- ---------- -------- ------ ----- Assets Investments Shares in registered investment $ 1,650 $5,579 $38,995 $51,481 $100,149 $55,587 $62,725 $65,634 $381,800 companies Ralcorp common stock 314,547 314,547 Insurance company contracts 821 821 Notes receivable from participants $21,338 21,338 -------- ------- ------- ------- -------- ------- ------- -------- ------- -------- Total investments 316,197 6,400 38,995 51,481 100,149 55,587 62,725 65,634 21,338 718,506 -------- ------- ------- ------- -------- ------- ------- -------- ------- -------- Net Assets Available for Benefits $316,197 $ 6,400 $38,995 $51,481 $100,149 $55,587 $62,725 $65,634 $21,338 $718,506 ======== ======= ======= ======= ======== ======= ======= ======= ======= ========
See accompanying notes to financial statements. 5 ATTACHMENT I RALSTON RESORTS, INC. SAVINGS INVESTMENT PLAN ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
December 31, 1996 ---------------------------- Number of Fair Description of Investment Shares/Units Cost Value ------------------------- ------------ ---- ----- Vanguard Wellington Fund 2,126 $52,045 $55,587 Vanguard Explorer Fund 1,165 61,720 62,725 Vanguard Money Market Reserve Fund - Federal Porfolio 51,481 51,481 51,481 Vanguard Money Market Reserve Fund - Prime Portfolio 1,650 1,650 1,650 Vanguard Index Trust - 500 Portfolio 564 33,949 38,995 Vanguard Windsor II Fund 4,203 91,914 100,149 Vanguard International Growth Portfolio 3,987 61,590 65,634 Vanguard Short Term Corporate Bond Fund 156 1,665 1,689 Vanguard Investment Contract Trust 3,890 3,890 3,890 -------- -------- Total investment in shares in registered investment companies 359,904 381,800 Ralcorp Holdings, Inc. common stock 14,802 338,502 314,547 Insurance contracts - separate accounts American International Life Assurance 377 377 Metropolitan Life Insurance 444 444 -------- -------- Total insurance company contracts 821 821 -------- -------- Loans to Plan participants 21,338 21,338 -------- -------- $720,565 $718,506 ======== ========
6 RALSTON RESORTS, INC. SAVINGS INVESTMENT PLAN NOTES TO FINANCIAL STATEMENTS NOTE 1: DESCRIPTION OF PLAN The following description of the Ralston Resorts, Inc. (the Company) Savings Investment Plan (the Plan) provides only general information. The Company is a wholly-owned subsidiary of Ralcorp Holdings, Inc. (Ralcorp). Participants should refer to the Plan document for a more complete description of the Plan's provisions. Plan Purpose. The Plan is a defined contribution plan whose purpose is to permit deferrals of compensation by eligible employees of the Company and its subsidiaries, to enable them to share in the Ralcorp's performance through participation in the Ralcorp Stock Fund and to provide them with an attractive, convenient vehicle for accumulating capital for their future economic security. The Plan is subject to certain provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA). The Plan is designed to meet ERISA's reporting and disclosure and fiduciary responsibility requirements, as well as meet the minimum standards for participation and vesting. The Plan is not, however, subject to ERISA's minimum funding standards, nor are benefits under the Plan eligible for termination insurance provided by the Pension Benefit Guaranty Corporation (PBGC). The Company believes that the Plan conforms with requirements of ERISA. Eligibility. All employees of the Company who receive regular and stated compensation are eligible to participate to the extent permitted by the Plan or applicable law. Temporary employees are not eligible to participate in the Plan. In addition, the Plan requires completion of one year of credited service with the Company prior to participation in the Plan. Employment with Breckenridge prior to its acquisition in May 1993 shall be counted in determining credited service. Plan Administration. The Plan is administered by Ralcorp. Except as to matters required by the terms of the Plan to be decided by Ralcorp's Board of Directors (the Board), Ralcorp and its Benefits Administration Committee (BAC) have the exclusive right to interpret the Plan and to decide certain matters arising under the Plan or in connection with its administration. The Board has designated the Ralcorp's Employee Benefit Trustees Committee (EBTC) as having certain rights and obligations to control and manage Plan assets, to select investment funds available for investment by Plan participants, and to appoint and remove the Trustee and any investment managers retained in connection with the investment of Plan assets. The membership of the BAC and the EBTC is appointed by Ralcorp's Chief Executive Officer. Plan Contributions. Participants may make maximum contributions to the Plan equal to the lesser of $30,000 or 15% of their compensation for that year. Subject to such limitations, participants may make basic contributions of 2% to 12% of their compensation, in 1% increments, on a pre-tax basis. The Company will make a matching contribution on the first 6% of such participants' basic contributions, provided the participant is contributing at least 2% of their compensation. The Company matching contribution will be equal in amount to a percentage of each participant's basic contributions. After one year of credited service the percentage will be 15% of a participant's basic contribution and will increase to 30% after two years of credited service and to 50% after three years of credited service. Ultimately, Company matching contributions will not exceed 3% of the participant's compensation. Both the participant's basic contribution, up to 6% of their compensation, and the Company match are invested solely in the Ralcorp Stock Fund. Participant basic contributions in excess of 6% of their compensation may be invested in any of the other Plan investment funds. Participant contributions and earnings thereon are vested and non-forfeitable from the time made. Company matching contributions and earnings thereon will completely vest at a rate of 25% for each year of credited Company service (including service prior to October 1, 1995 with the Company or Breckenridge) by the participant. Participants may also, subject to the $30,000 and 15% limitations, make supplemental, unmatched contributions of 1% to 10% of their compensation, in 1% increments. Such contributions are made on an after-tax basis and are immediately vested. 7 RALSTON RESORTS, INC. SAVINGS INVESTMENT PLAN NOTES TO FINANCIAL STATEMENTS Investment of Funds. All contributions will be deposited by the Company in a trust fund held by the trustee or any successor selected by the EBTC. The value of the trust funds will change according to increases or decreases in market value of the assets, gain or loss on sale of assets and income from dividends and interest held therein. Vanguard Fiduciary Trust Company (Vanguard) has been selected to serve as trustee under the Plan with respect to all of the investment funds and assets of the Plan. In addition, Vanguard performs all record keeping functions for the Plan. The trustee will maintain as many separate investment funds within its trust funds, with such different investment objectives, as the EBTC deems advisable. As of December 31, 1996, the following funds have been established for participants: the Ralcorp Stock Fund, the Fixed Income Fund, the Equity Index Fund, the U.S. Government Money Market Fund, the Growth and Income Fund, the Balanced Fund, the Aggressive Growth Fund and the International Growth Fund. Participants may change their investment options for basic contributions in excess of 6% of their compensation and all supplemental contributions monthly. At December 31, 1996 and 1995, there were a total of 283 and 210 participants, respectively, in the Plan. Plan Withdrawals, Loans and Forfeitures. Upon the termination of employment of a participant, retirement, disability, or death, or in the event of termination of the Plan without establishment of a successor plan, the amount in the trust fund credited to each participant which is vested will be distributed to him, his beneficiary, or other legal representative. Under the Plan, a participant may elect from several payment alternatives on the timing and nature of distributions. Plan withdrawals may be made prior to termination or retirement for cases of hardship. Such distributions are limited to the amount required to meet the need created by the hardship and are made in accordance with guidelines determined by the Company. The Company may, subject to certain rules and regulations, permit a participant to borrow from the trust funds. Such loans will be permitted for any purpose provided certain Plan conditions and certain other conditions as prescribed by federal law are met. Upon termination, any Company matching contribution and the earnings thereon which are not vested will be forfeited, but will be restored if the participant again becomes an eligible employee within five years after termination. Amounts forfeited will be used to reduce Company matching contributions required under the Plan. Forfeitures during the year ended December 31, 1996 were $1,375. Plan Amendments and Termination. The Board, and in certain limited circumstances the EBTC and the Chief Executive Officer of Ralcorp, may amend the Plan. The Board may also terminate the Plan or direct that Company matching contributions cease. In such cases, non-forfeitable rights to the Company matching contributions credited to a participant's account shall automatically vest in such participant. Under the Plan, a participant may elect from several alternative rules on the timing and nature of distribution. NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The significant accounting policies followed by the Plan are described below: Basis of Accounting. The accompanying financial statements of the Plan are prepared using the accrual basis of accounting. Use of estimates. The preparation of finanicial statements in conformity with generally accepted accounting principals requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the 8 RALSTON RESORTS, INC. SAVINGS INVESTMENT PLAN NOTES TO FINANCIAL STATEMENTS financial statements and the reported amounts of revenues and expenses during the reporting period. Actual amounts could differ from those estimates. Investments. Plan investments in common stock and shares of registered investment companies are carried at fair market value based on closing prices on the last business day of the Plan year. Realized gains and losses are determined using the average cost method. Interest income is recognized as earned and dividend income is recognized on the date of record. Plan investments in various insurance company contracts are carried at contract value, which approximates fair value. Payment of Benefits. Benefits are recorded when paid. NOTE 3: INVESTMENTS
December 31, December 31, 1996 1995 Description of Investment Fair Value Fair Value ------------------------- ------------------- ------------------- Vanguard Wellington Fund $ 55,587 $ 62,423 Vanguard Explorer Fund 62,725 47,807 Vanguard Money Market Reserve Fund - Federal Porfolio 51,481 44,598 Vanguard Index Trust - 500 Portfolio 38,995 14,980 Vanguard Windsor II Fund 100,149 42,176 Vanguard International Growth Portfolio 65,634 49,907 Shares of other registered investment companies 7,229 4,835 ------------------- ------------------- Total investment in shares in registered investment companies 381,800 266,726 Ralcorp Holdings, Inc. common stock 314,547 75,192 Insurance contracts 821 1,185 Loans to Plan participants 21,338 8,422 ------------------- ------------------- $ 718,506 $ 351,525 =================== ===================
NOTE 4: RELATED PARTY TRANSACTIONS Certain Plan investments are shares of mutual funds managed by Vanguard. Vanguard is the trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest. Fees paid by the Plan for the investment management services are allocated to the participants' accounts based on participant account balances. Other Plan assets are invested in Ralcorp common stock and also qualify as party-in-interest. NOTE 5: INCOME TAX STATUS The Plan intends to apply for a determination letter from the Internal Revenue Service that the Plan does in fact constitute a qualified plan and that the trust is exempt from income tax under the Internal Revenue Code of 1986, as amended. Participants' basic contributions, Company matching contributions and earnings of Plan investments are not subject to federal income tax until distributed from the Plan. 9 RALSTON RESORTS, INC. SAVINGS INVESTMENT PLAN NOTES TO FINANCIAL STATEMENTS Supplemental contributions are made from a participant's after-tax compensation. Earnings related to these supplemental contributions are not, however, subject to federal income tax as long as they remain in the Plan. Management believes the Plan qualifies as a tax exempt entity. NOTE 6: SUBSEQUENT EVENTS Ralcorp has announced the merger of its branded cereal and snack businesses with General Mills, Inc. (GMI) effective January 31, 1997. As a result of that merger, the Plan received approximately one share of GMI stock for every six shares of Ralcorp stock held on the effective date of the merger. Also, subsequent to December 31, 1996, Ralston Resorts was sold to Vail Resorts, Inc. (Vail). In conjunction with this transaction the sponsorship of the Plan was transferred to Vail. In addition, certain employees of Ralston Resorts were participants in the Ralcorp Holdings, Inc. Savings Investment Plan and their related account balances were transferred to the Plan while under the sponsorship of Vail. 10 ATTACHMENT II Item 27d - SCHEDULE OF REPORTABLE TRANSACTIONS RALCORP RESORTS SAVINGS PLAN SUMMARY OF PLAN TRANSACTIONS 01/01/96 THROUGH 12/31/96
- ------------------------------------------------------------------------------------------------------------------------------------ Identity of Issue Cost of No. of Proceeds from No. of Net Gain or Purchases Purchases Sales Sales (Loss) - ------------------------------------------------------------------------------------------------------------------------------------ RALCORP COMMON STOCK FUND 300,705.26 39 30,757.77 34 (1,450.40) VANGUARD WELLINGTON FUND 24,399.92 43 35,331.05 19 2,355.21 VANGUARD EXPLORER FUND 25,484.52 34 14,186.00 24 78.20 VMMR FEDERAL PORTFOLIO 19,090.15 56 12,207.44 17 0.00 VANGUARD INDEX 500 PORTFOLIO 24,722.42 40 5,463.65 15 309.67 VANGUARD WINDSOR II 59,289.70 41 9,811.36 24 556.01 INTERNATIONAL GROWTH PORTFOLIO 25,789.43 32 14,897.33 27 559.28 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS $479,481.40 $122,654.60 $2,407.97 =========== =========== =========
11 REPORT OF INDEPENDENT ACCOUNTANTS June 20, 1997 To the Participants and the Plan Administrator of the Ralston Resorts, Inc. Savings Investment Plan In our opinion, the accompanying statements of net assets available for benefits with fund information and the related statement of changes in net assets available for benefits with fund information present fairly, in all material respects, the net assets available for benefits of the Ralston Resorts, Inc. Savings Investment Plan at December 31, 1996 and 1995, and the changes in net assets available for benefits for the plan year ended December 31, 1996, in conformity with generally accepted accounting principles. These financial statements are the responsibility of the plan's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audit of these statements in accordance with generally accepted auditing standards which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for the opinion expressed above. Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The additional information included in the supplemental schedules is presented for purposes of additional analysis and is not a required part of the basic financial statements but is additional information required by ERISA. The fund information in the statements of net assets available for benefits and the statement of changes in net assets available for benefits is presented for purposes of additional analysis rather than to present the net assets available for benefits and changes in net assets available for benefits of each fund. The supplemental schedules and fund information have been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. PRICE WATERHOUSE LLP St. Louis, Missouri 12 SIGNATURE The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the members of the Ralcorp Holdings, Inc. Employee Benefit Trustees Committee have duly caused this annual report to be signed by the undersigned hereunto duly authorized. RALCORP HOLDINGS, INC. EMPLOYEE BENEFIT TRUSTEES COMMITTEE By D. J. SESCLEIFER ------------------------------------ D. J. Sescleifer, Chairman Ralcorp Holdings, Inc. Employee Benefit Trustees Committee July 2, 1997 13 EXHIBIT INDEX Exhibits 23 Consent of Independent Accountants 14 EXHIBIT 23 CONSENT OF INDEPENDENT ACCOUNTANTS We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 33-97036) of Ralcorp Holdings, Inc. of our report dated June 20, 1997 appearing on page 9 of the Ralston Resorts, Inc. Savings Investment Plan's Annual Report on Form 11-K for the Plan year ended December 31, 1996. PRICE WATERHOUSE LLP St. Louis, Missouri June 30, 1997 -----END PRIVACY-ENHANCED MESSAGE-----