MAC-GRAY CORPORATION
|
(Name of Issuer)
|
Common Stock, $.01 Par Value Per Share
|
(Title of Class of Securities)
|
554153106
|
(CUSIP Number)
|
Richard A. Silberberg
Moab Capital Partners, LLC
15 East 62nd Street
New York, NY 10065
(212) 981-2645
|
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
|
November 10, 2011
|
(Date of Event which Requires Filing of this Statement)
|
1.
|
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Moab Capital Partners, LLC 20-4093001
|
||
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
(a) o
(b) o
|
|
3.
|
SEC Use Only
|
||
4.
|
Source of Funds (See Instructions)
AF
|
||
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
|
o
|
|
6.
|
Citizenship or Place of Organization
Delaware
|
||
Number of Shares Bene-ficially Owned
by Each Reporting Person With
|
7.
|
Sole Voting Power
1,117,600
|
|
8.
|
Shared Voting Power
|
||
9.
|
Sole Dispositive Power
1,117,600
|
||
10.
|
Shared Dispositive Power
|
||
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
1,117,600
|
||
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
|
o
|
|
13.
|
Percent of Class Represented by Amount in Row (11)
7.8%
|
||
14.
|
Type of Reporting Person (See Instructions)
IA
|
1.
|
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Moab Partners, LP 20-4092810
|
||
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
(a) o
(b) o
|
|
3.
|
SEC Use Only
|
||
4.
|
Source of Funds (See Instructions)
WC
|
||
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
|
o
|
|
6.
|
Citizenship or Place of Organization
Delaware
|
||
Number of Shares Bene-ficially Owned
by Each Reporting Person With
|
7.
|
Sole Voting Power
1,117,600
|
|
8.
|
Shared Voting Power
|
||
9.
|
Sole Dispositive Power
1,117,600
|
||
10.
|
Shared Dispositive Power
|
||
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
1,117,600
|
||
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
|
o
|
|
13.
|
Percent of Class Represented by Amount in Row (11)
7.8%
|
||
14.
|
Type of Reporting Person (See Instructions)
PN
|
1.
|
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Michael M. Rothenberg
|
||
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
(a) o
(b) o
|
|
3.
|
SEC Use Only
|
||
4.
|
Source of Funds (See Instructions)
AF
|
||
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
|
o
|
|
6.
|
Citizenship or Place of Organization
United States of America
|
||
Number of Shares Bene-ficially Owned
by Each Reporting Person With
|
7.
|
Sole Voting Power
1,117,600
|
|
8.
|
Shared Voting Power
|
||
9.
|
Sole Dispositive Power
1,117,600
|
||
10.
|
Shared Dispositive Power
|
||
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
1,117,600
|
||
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
|
o
|
|
13.
|
Percent of Class Represented by Amount in Row (11)
7.8%
|
||
14.
|
Type of Reporting Person (See Instructions)
IN, HC
|
1.
|
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
David A. Sackler
|
||
2.
|
Check the Appropriate Box if a Member of a Group (See Instructions)
|
(a) o
(b) o
|
|
3.
|
SEC Use Only
|
||
4.
|
Source of Funds (See Instructions)
AF
|
||
5.
|
Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e)
|
o
|
|
6.
|
Citizenship or Place of Organization
United States of America
|
||
Number of Shares Bene-ficially Owned
by Each Reporting Person With
|
7.
|
Sole Voting Power
1,117,600
|
|
8.
|
Shared Voting Power
|
||
9.
|
Sole Dispositive Power
1,117,600
|
||
10.
|
Shared Dispositive Power
|
||
11.
|
Aggregate Amount Beneficially Owned by Each Reporting Person
1,117,600
|
||
12.
|
Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions)
|
o
|
|
13.
|
Percent of Class Represented by Amount in Row (11)
7.8%
|
||
14.
|
Type of Reporting Person (See Instructions)
IN, HC
|
Item 1.
|
Security and Issuer
|
Item 2.
|
Identity and Background
|
(a)
|
This Schedule 13D is being filed on behalf of Moab Capital Partners, LLC (“Moab LLC”); Moab Partners, L.P. (“Moab L.P.”); Mr. Michael M. Rothenberg and Mr. David A Sackler (collectively, the “Reporting Persons”, and each, a “Reporting Person”).
|
(b)
|
The address of each Reporting Person is 15 East 62nd Street, New York, NY 10065.
|
(c)
|
(i) The principal business of Moab LLC is to act as the investment manager for Moab, L.P. and its affiliated private investment funds.
|
(d)
|
None.
|
(e)
|
None.
|
(f)
|
(i) Moab LLC is a Delaware limited liability company.
|
Item 3.
|
Source and Amount of Funds or Other Consideration
|
Item 4.
|
Purpose of Transaction
|
Item 5.
|
Interest in Securities of the Issuer
|
(a)
|
Moab L.P. owns 1,117,600 shares of Common Stock (the “Shares”). Because Moab LLC has sole voting and investment power over Moab L.P.’s security holdings, and Messrs. Rothenberg and Sackler, in their roles as the Managers of Moab LLC, control its voting and investment decisions, each of Moab L.P., Moab LLC, and Messrs. Rothenberg and Sackler may be deemed to have beneficial ownership of the Shares owned of record by Moab L.P., which represent approximately 7.8% of the outstanding Shares.
|
(b)
|
With respect to all of the Shares that are held by Moab L.P., Messrs. Rothenberg and Sackler have the sole power to vote and dispose or direct the disposition of the Shares.
|
(c)
|
Transactions effected in Shares that have taken place in the past sixty days are attached asExhibit B.
|
(d)
|
Except as described above, no person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares.
|
(e)
|
Not applicable.
|
Item 6.
|
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
|
Item 7.
|
Material to Be Filed as Exhibits
|
Moab Partners, L.P.
By: Moab Capital Partners, LLC,
its General Partner
|
|||
|
By:
|
/s/ Michael M. Rothenberg | |
Michael M. Rothenberg, Managing Director | |||
Moab Capital Partners, LLC
|
|||
|
By:
|
/s/ Michael M. Rothenberg | |
Michael M. Rothenberg, Managing Director | |||
/s/ Michael M. Rothenberg | |||
Michael M. Rothenberg | |||
/s/ David A. Sackler | |||
David A. Sackler |
Moab Partners, L.P.
By: Moab Capital Partners, LLC,
its General Partner
|
|||
|
By:
|
/s/ Michael M. Rothenberg | |
Michael M. Rothenberg, Managing Director | |||
Moab Capital Partners, LLC
|
|||
|
By:
|
/s/ Michael M. Rothenberg | |
Michael M. Rothenberg, Managing Director | |||
/s/ Michael M. Rothenberg | |||
Michael M. Rothenberg | |||
/s/ David A. Sackler | |||
David A. Sackler |
Trade Date
|
Number of Shares Purchased (Sold)
|
Price Per Share
(Excluding Commission)
|
2011-09-12
|
9,600.00
|
12.60
|
2011-09-13
|
1,000.00
|
12.65
|
2011-09-14
|
2,723.00
|
12.68
|
2011-09-15
|
1,500.00
|
12.83
|
2011-09-19
|
1,700.00
|
12.92
|
2011-09-21
|
5,115.00
|
12.04
|
2011-09-22
|
4,447.00
|
11.90
|
2011-09-23
|
6,137.00
|
12.23
|
2011-09-26
|
2,595.00
|
12.25
|
2011-09-28
|
7,520.00
|
12.52
|
2011-09-29
|
6,093.00
|
12.62
|
2011-09-30
|
8,814.00
|
12.83
|
2011-10-03
|
12,086.00
|
13.05
|
2011-10-06
|
9,429.00
|
13.04
|
2011-10-07
|
8,227.00
|
12.88
|
2011-10-10
|
3,258.00
|
13.04
|
2011-10-20
|
1,200.00
|
12.55
|
2011-10-24
|
(1,399.00)
|
14.45
|
2011-11-01
|
8,100.00
|
13.39
|
2011-11-07
|
2,600.00
|
13.98
|
2011-11-08
|
182.00
|
14.10
|
|
1)
|
Names of the two financial advisors retained by the Issuer to evaluate the offer;
|
|
2)
|
Number, duration, and attendance of meetings between KP Capital, LLC and Mac-Gray’s Management and Board during the vetting process;
|
|
3)
|
Number, duration, and attendance of internal Board of Director meetings regarding the offer;
|
|
4)
|
Why the Issuer refused to even grant KP Capital, LLC a confidential due diligence period in order for KP Capital, LLC to evaluate the purchase and potentially improve their offer;
|
|
5)
|
Justification of the decision by the Board of Directors not to offer Mac-Gray shareholders the right to vote on the acquisition; and
|
|
6)
|
An updated business plan.
|
Michael M. Rothenberg | David A. Sackler |
Portfolio Manager | Portfolio Manager |
S,^SG+IE[GV';E=1VNLW-=92ZR_U\G_B:O\*DI]#3,L8^ M=C@[:8,&8(_-*Q^M95_1\3,ZKZSK@VAM>-ANX-\^G3Z;F^YS\FRRIGN1.@X' M[%Z&RO+?^E:'Y&983IZMA=DY+MW[K7O7.OM<:I,[1J'OIK;N HVV MX_2G`54N->3G'Z#'#^ O9 M_4<5SOV6&FD.>XGU'@M J?6A@#Z:XZ9T M5KOHNU]3)RW'_0N>WU;/^!QTE/:XN)AXC/2Q:F4MY+6`"3^\Z/I.4<_.IP<< MW6G60RMG=[W';54S^58]9OU=Z:>E8%V3F6%^3E/.3EW6$SQ#-V[Z/IU-7/LZ MA7UCZW8^;D7[<3ISK78F(-20UOV;[78RO>_UK\BQ]=53F^RJA)3UG1\3)QL9 M[\QP=EY-CK\C;]$.=`;4S^114VNG^PKZ$RX/+=K70[N1$?'=[D5)2DDDDE*2 M2224_P#_T?54DDDE+.(:TN.@&I)7(V]1=E.R,VFX,?D,`%W'V;`G]&[9N]V; MU&S=]E_ZS_H%U65CLRL6[%L)#+V.K<6F"`\%CMI_>]RYW*^JQR+<7IK`:NCX MS1;?:7DWY%PVL9ZO[VVIGONM_?\`T'\W^C2G&Q*[18SJU-0]<3T[ZO84EU;' M&?5RW_F.;0UK_M&6S^=_3_\``K7^J=/3VW.=1'Z&OTL7<(>ZHO/VC-?_`.G' M+8^UGY]E-:OX?1'NZEDY^:`UGI_9,'%8?93CCZ;F1MV797Y^S^;J956I.^J? M1#!;4]CAL( CZGT_1_1I*D])HH?=CTW? M:'V.!%#WL%FTLM_PGV/TKK-GY^3Z7^CL5[ZRY7V]H^K^&YWKYSQ3D7,F*:X] M:_<]O^&=2WV5_P`OWK5R>D8&313COKV,QR'4>DXU.80"S]%926/9N8YS';4] M?2\:F['LH:*V8S;`VMHT)LV;K''Z7J?H_I_RTE-7.Z*1]7[.D=)<,,^EZ=#M M8'[V]S??^E_PEG\Y[_46#]8>H78^)A_5/#QAA975&>B'L>STZJ9V93ZSO98Z MUS'?H=[/TEMB[-8N1]6*,E^1?=D6#+OOKO9E,VA]0I_H^/3O;8WT:_?_`%[+ MK;$E.3E.R\7"Q_JMTNFO%NRF&AOZ4W6U51^ES+]M99[Z=_T[?YU"P.FTY?6< M3H^/:#TOH%/J$5-AC[WEU%'N UM7HV6N:_P#1?S7IJAU+HV5@9!RNE9EE.;ENKHQL M5C6"@,9MVMMKMEMMSV?I/I_OI*1?6+(JJJOOI< _P!5[OYQ]G\[ZJOMZ?U/ M'I+,;/+RTN=6,E@LF=?3NN!99LW?N)*=-)4ND=1_:.$V]S/2N:YU613,[+:R M:[J]WYVU[?8_]Q74E*22224I))))3__2]522224I))))2DDDDE*22224I))) M)2EC].:.H=3OZJXEU-.[$PFF(`:?UN]L?G77-]+_`(O'5_J5KJ>GY-S"`ZNF MQ[2>`6M F^IEU^ADY=MF5=23N M+'7.-GIN=^\QNW K'IP=T\1'NE AMV_\`@:M+Y5224_522^54 MDE/U4DOE5))3]5)+Y5224__9_^T/FE!H;W1O 7!E`````$YO;F4````)=&]P3W5T !````FL`!@``?_8_^``$$I&248``0(``$@`2``` M_^T`#$%D;V)E7T--``+_[@`.061O8F4`9(`````!_]L`A``,"`@("0@,"0D, M$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,#!$,#`P,#`P,#`P,#`P,#`P,#`P, M#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.%!0.#@X.%!$,#`P,#!$1#`P,#`P, M$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"`!$`)8#`2(``A$! M`Q$!_]T`!``*_\0!/P```04!`0$!`0$``````````P`!`@0%!@<("0H+`0`! M!0$!`0$!`0`````````!``(#!`4&!P@)"@L0``$$`0,"!`(%!P8(!0,,,P$` M`A$#!"$2,05!46$3(G&!,@84D:&Q0B,D%5+!8C,T )E\K.$P]-UX_-&)Y2DA;25Q-3D]*6UQ=7E]59F M=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$``@(!`@0$`P0%!@<'!@4U`0`"$0,A M,1($05%A<2(3!3*!D12AL4(CP5+1\#,D8N%R@I)#4Q5C +RLX3#TW7C\T:4I(6TE<34Y/2EM<75Y?569G:&EJ:V MQM;F]B 7I[?'_]H`#`,!``(1`Q$`/P#U5))))2DDDDE*22224I)) M))2DDDDE*22224I)4\CJ_3<8EME[=X_P;/>_P_FZ]ST+]JWN#C3T_)M#3`)# M*P[^IZ]K'?YR2G125;!SJ\VISV-?6ZM[J[*[!M>U[?I- L2!-EUI'T**&^^W_MO^ R-\.K=96]ON^DQZYS'SF=+LS.I.N.8'$86.=H-V;G"?4],_FU5VM^RT4U M_JU'ZQ_767TG.ZN_"LZ!A6U8E[,S[. Y$Z#@?L7H;*\M_Z5H?D9EA.GJV%V3DNW?NM>]R2FT>JX0ZFWI6\_;'5 M&\,`,;`=LN?]!KOY"N+F/JG6[,RLSK-Y ^FMNYS?T'Z'']OY] M5BT'=3MZC;;C]*1L8\1]BQW%K-#,OR(9D6._>V>G M6L'ZI"S)Z]G]1Q7._98::0Y[B?4>"US+WOG]-:YOJW/?_@J[Z*E79UVZ[)ZI M]:&`/IKCIG16N^B[7U,G+]"Y[?5L_X''24]KBXF'B,]+%J92WDM8`)/[SH M^DY1S\ZG!QS=:=9#*V=WO<=M53/Y5CUF_5WIIZ5@79.987Y.4\Y.7=83/$,W M;OH^G4U<^SJ%?6/K=CYN1?MQ.G.M=B8@U)#6_9OM=C*][_6OR+'UU5.;[*J$ ME/6='Q,G&QGOS'!V7DV.OR-OT0YT!M3/Y%%3:Z?["OH3+@\MVM=#NY$1\=WN M14E*22224I))))3_`/_1]522224LXAK2XZ`:DE FL!JZ/C-%M]I>3?D7#:QGJ_O;:F>^ZW]_P#0?S?Z-*<;$KM%C.K4U#UQ M/3OJ]A275L<9]7+?^8YM#6O^T9;/YW]/_P`"M?ZIT]/; [J63GYH#6>G]DP<5A]E../IN9&W9=E?G[/ MYNIE5:D[ZI]$,%M3V.&PAS+;&F:P6,=N%GT_3=Z/J?3]']&DIQ^L]6_:'UIZ M3TFBA]V/3=]H?8X$4/>P6;2RW_"?8_2NLV?GY/I?Z.Q7OK+E?;VCZOX;G>OG M/%.1 M7)Z1@9-%..^O8S'(=1Z3C4YA`+/T5E) M8]FYCG,=M3U]+QJ;L>RAHK9C-L#:VC0FS9NLI^C^G_+24U<[HI'U?LZ1 MTEPPSZ7IT.U@?O;W-]_Z7_"6?SGO]18/UAZA=CXF']4\/&&%E=49Z(>Q[/3J MIG9E/K.]ECK7,=^AWL_26V+LUBY'U8HR7Y%]V18,N^^N]F4S:'U"G^CX].]M MC?1K]_\`7LNML24Y.4[+Q<+'^JW2Z:\6[*8:&_I3=;55'Z7,OVUEGOIW_3M_ MG4+`Z;3E]9Q.CX]H/2^@4^H14V&/O>744>YSK?M#JO3R'Y._V?:/^N+;M^K? MZU79C9+Z:A2ZJX:NM>7N8^R_[2YV[U[6U>C9:YK_`-%_->FJ'4NC96!D'*Z5 MF64YN6ZNC&Q6-8*`QFW:VVMS7O\`0QZV6VW/9^D^G^^DI%]8LBJJJ^^EQRW8 M)]/T['$^MEV:8V#5,4?HWV>ID,8S?_-4K5^JW0QTG!W7-`SRG> M&LW-J_\`/OJ*O7]3JFX^.'9=EF9C6MN9E.:P[2-WJ-IH1J]5[_`%7N_G'V M?SOJJ^WI_4\>DLQL\O+2YU8R6"R9U].ZX%EFS=^XDITTE2Z1U']HX3;W,]*Y MKG59%,SLMK)KNKW?G;7M]C_W%=24I))))2DDDDE/_]+U5))))2DDDDE*2222 M4I))))2DDDDE*6/TYHZAU._JKB74T[L3":8@!I_6[VQ^== :X=CX+=:J7C_"[X:[(O\`Y;_T=7^"_P!(DIG]7,;)IZ;ZF77Z M&3EVV95U).XL= FYW[S&[=RU4DDE*22224I))))3_`/_3]527RJDDI^JD ME\JI)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?J>WT_3=ZL>G!W3Q$>Z5SE?_-F M7S]J]"-=_P!K^SQIMV;_`-%L_<7SVDDI^H,#]G?9Q^SO2]#MZ&W;_P"!JTOE M5))3]5)+Y5224_522^54DE/U4DOE5))3_]DX0DE-!"$``````%4````!`0`` M``\`00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'`````3`$$`9`!O`&(` M90`@`%``:`!O`'0`;P!S`&@`;P!P`"``0P!3`#,````!`#A"24T$!@`````` M!P`$`````0$`_^$.F&AT='`Z+R]N &%P+S$N,"\`/#]X M<&%C:V5T(&)E9VEN/2+ON[\B(&ED/2)7-4TP37!#96AI2'IR95-Z3E1C>FMC M.60B/SX@/'@Z>&UP;65T82!X;6QN #IX M;7!T:STB061O8F4@6$U0($-O &UL;G,Z9&,](FAT M='`Z+R]P=7)L+F]R9R]D8R]E;&5M96YT &UL;G,Z M97AI9CTB:'1T<#HO+VYS+F%D;V)E+F-O;2]E>&EF+S$N,"\B('AA<#I# &%P.DUE=&%D871A M1&%T93TB,C`Q,2TQ,2TQ,%0Q-3HU,3HQ,RTP-3HP,"(@>&%P.D-R96%T;W)4 M;V]L/2)!9&]B92!0:&]T;W-H;W`@0U,S(%=I;F1O=W,B(&1C.F9O &%P34TZ26YS=&%N8V5)1#TB=75I9#HY,S-$-45!041$ M,$)%,3$Q0C(Y0T(X13`R.3(T,T-%02(@=&EF9CI/ &EF.E!I>&5L6$1I;65N &EF.E!I>&5L641I;65N &UP;65T83X@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`\/WAP86-K M970@96YD/2)W(C\^_^X`#D%D;V)E`&0``````?_;`(0`!@0$!`4$!@4%!@D& M!08)"P@&!@@+#`H*"PH*#!`,#`P,#`P0#`P,#`P,#`P,#`P,#`P,#`P,#`P, M#`P,#`P,#`$'!P<-#`T8$!`8%`X.#A04#@X.#A01#`P,#`P1$0P,#`P,#!$, M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,_\``$0@`1`"6`P$1``(1`0,1 M`?_=``0`$__$`:(````'`0$!`0$```````````0%`P(&`0`'"`D*"P$``@(# M`0$!`0$``````````0`"`P0%!@<("0H+$``"`0,#`@0"!@<#!`(&`G,!`@,1 M!``%(1(Q05$&$V$B<8$4,I&A!Q6Q0B/!4M'A,Q9B\"1R@O$E0S13DJ*R8W/" M-40GDZ.S-A=49'3#TN(()H,)"A@9A)1%1J2T5M-5*!KRX_/$U.3T976%E:6U MQ=7E]69VAI:FML;6YO8W1U=G=X>7I[?'U^?W.$A8:'B(F*BXR-CH^"DY25EI M>8F9J;G)V>GY*CI*6FIZBIJJNLK:ZOH1``("`0(#!04$!08$"`,#;0$``A$# M!"$2,4$%41-A(@9Q@9$RH;'P%,'1X2-"%5)B )$@Q=4DP@)"A@9)C9%&B=D=%4W\J.SPR@IT^/SA)2DM,34Y/1E=865I;7% MU>7U1E9F=H:6IK;&UN;V1U=G=X>7I[?'U^?W.$A8:'B(F*BXR-CH^#E)66EY MB9FIN R"0VF@ M:C<*AHK,L,`DZ;IZ\J-3?]I4Q5'Z'KEMK%K)-%'+!)!*]O<6TZ\)8Y8S\2L` M6'<,K*S*Z_$N*ICBKL5=BKL5?__1]4XJ[%78J[%4JUCS+I>E36]M,SS7UVW& MUL;=#+/)3JPC7<1K^W*_&)/VGQ53\K^9[?S!;7 DZ1ID/U?3;6&TCK5DA4)4G]IJ?:;_*;%5/7M;L]&T]KNY85+ M+%;PU^*6:0\8HD_RI'/'_AOLXJA/)^DZCI^FRRZK(LNK:C.][?E/[M))``L2 M>*01+'"K?M\.?[6*IYBKL5=BKL5?_]+U3BKL5=BJ1>:?,,FF);65C$;G6M4< MP:;;`'CR45DFE('P00+\ ,,2+RE^%5ZIYUU2]\J:3K/F8WDEVB64<&F MZ0]*&]+F.$1LOQ,]S))$C!E;_)Q56\AZ"?*'D>Y@;I%FO]8N":CZS<.US M YU^YN;#RS*%M;25H-3UQO[J%T_O([>H*S3)^V?[J/^;E\.*L' M_*03ZCY[U_7]-ED_PNL;VBR2N7^LS*Z,D[N21-*RB69W_P!U1SP1+Q^/%4NA M\]7=UJ/FC\QXE66S@*^7/):/_=.:^I C;\/M8J]#_+KRV?+ M6@7>H:K<-+J6IROJ&JWLY/+[("!BQ)7TXE%5_8?GQ^'%7G\&OV_FO\W-/U>^ MO^&DZ`]T^D:4E78JD9MOK XD>.*)EYI%`_),5>V0WJRE`D4O%P3S9 M2H%`#N&HPK7PQ5$8J[%78J[%7__3]4XJ[%6I'5$9V("J*DDT``[UQ5Y'=>8G MU)]1U>TNUBGOX%5;L_"=-T,O^[8)R^*]U&3DUJ/A;XH6?X8/C58]I,%T)X?- M%I:K]>3GH'Y?:*"TEO%(:B6[>I*,L"J_UB[3^]XSMS=7AQ5EOY3V?E^.\=[, MBEI;FVTH.M)7MFF)N+U^M#J-VCRI4\Y(8T^'CBJ`\Y^;/T[^:7E+RO96,MWI M]I>?7IKF162SFFA20J4E&TGU,132:+ZDLG[3\L55=5DU73=$L/RV\MV<&F7>IPM915N6N M[FUMJ'U;R?C&4^.$/QYR\WE;X/\`)50N@^7+35/..D>5+&Y4^5_(UF;@I;)P MBEOI7:""K,TOUAHO3N'N6?X/K'_/3%4;^8NH6EM:WUY:2-JDFC'T!!<2LYO- M4G(%M8Q`T@_=O(LEPB(S_P!U"V*LJ_*[R,OE?0^=U$%UJ_XRZB_(2%2!1(0X M5`RQ`[T7BTK2/^UBK-,5=BKL5=BKL5?_U/5.*NQ5"ZKI\.I:9>:=.S+#>P26 M\K(:.%E0HQ4]FHVV*O/-4_*U[ZZTKR_$#;>4-/1;F_NC,6O+^\7BB"7^;C$G MQS2_S\8%3TT:-5.M&\DS/YDU+6M7"QQ&W_16A:9"Y]&TT\`!V2G$)-=$#GP_ MNXDBCY8JJ/\`E/Y(/$I:30R+Z)62*ZN4<-`"B-R$E>?ILT/J?;]%O3Y<,53? M4?*.@ZA86EC+;F&"P8/8FV=[:2%@I3]U)"4=.2,R-Q;XT9E;%6[?RQIEI=V$ MUG&+>+3TG2*W0#BS7!0M(Q/Q&3]W]NO)^;\\53<],585?_EA8ZC+?WEW?W"Z MO>WT%[#JD`C6>V2T(^KV\/-9%$,8YUY*W.2:63[38JZY_+@_I.WGT_4I;2T6 MTDM;L5:2ZE:61'DG^LLW(3RK$(9)65W]+^Z]/%4A\R^3-4T34'U/RSK-Q::W MJ *RQLCN8+>-)99G1ED^-^'%GQ5'V_Y/6L=AIXDU:XGU MC3[E+N'5)(XF*,.1D6&!E,,0E=VE=N+2/)Q:5Y>&*I_'Y?\`,]A:&+3M=:8Q MM))`NH1" 'ZK=QR26U_9EN M1ANK=S'-'R'V@KJ>#_MIQ;%4YQ5V*NQ5V*O_U?5.*NQ5V*NQ5V*NQ5V*NQ5V M*NQ5V*L0\NQKKOF:^\S2$O:6G/2]%0D%`L;?Z7.H!^U-,OI;_P"Z[=?Y\59? MBJ`US6].T32[C4]0E$5K;+S 69?U#"]W(9/39OYD4JK4_:Q5E&*NQ5V*NQ5__6]4XJ[%78J[%7 M8J[%78J[%78J[%4N\R74MIY?U.ZB8));VD\J,W0,D3,"?NQ53\IVD-GY9TNV MA/*.*UB` :I%E>WXRZ?H<=&M;.8`_O2_%6N)]_MO\`NXO]U)_N MS%678J[%78J[%78J_P#_U_5.*NQ5V*NQ5V*NQ5V*NQ5V*NQ52NOJ_P!7D^L\ M?0XMZO/[/"GQ5KVIBKSF#_E6G*:OZ4^H\17U_P!*_4.%5X\.?[KATX@Q5G E.@?X=^H+^@?JOU']GZEP]/Z?3VK\\53+%78J[%78J[%78J__V3\_ ` end
7!E
M96YU;0````I%4VQI8V54>7!E`````$EM9R`````&8F]U;F1S3V)J8P````$`
M``````!28W0Q````!`````!4;W`@;&]N9P``````````3&5F=&QO;F<`````
M`````$)T;VUL;VYG````0`````!29VAT;&]N9P```+,````#=7)L5$585```
M``$```````!N=6QL5$585`````$```````!- G)E4WI.
M5&-Z:V,Y9"(_/B`\>#IX;7!M971A('AM;&YS.G@](F%D;V)E.FYS.FUE=&$O
M(B!X.GAM<'1K/2)!9&]B92!835`@0V]R92`T+C$M8S`S-B`T-BXR-S8W,C`L
M($UO;B!&96(@,3D@,C`P-R`R,CHT,#HP."`@("`@("`@(CX@/')D9CI21$8@
M>&UL;G,Z