0001498710-12-000070.txt : 20121011 0001498710-12-000070.hdr.sgml : 20121011 20121011160851 ACCESSION NUMBER: 0001498710-12-000070 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20121010 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20121011 DATE AS OF CHANGE: 20121011 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Spirit Airlines, Inc. CENTRAL INDEX KEY: 0001498710 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 381747023 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35186 FILM NUMBER: 121140145 BUSINESS ADDRESS: STREET 1: 2800 EXECUTIVE WAY CITY: MIRAMAR STATE: FL ZIP: 33025 BUSINESS PHONE: 954-447-7920 MAIL ADDRESS: STREET 1: 2800 EXECUTIVE WAY CITY: MIRAMAR STATE: FL ZIP: 33025 8-K 1 form8-kseptember2012traffic.htm 8-K Form 8-K September 2012 Traffic


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 11, 2012
____________________
SPIRIT AIRLINES, INC.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation)

001-35186
(Commission File Number)
38-1747023
(IRS Employer Identification Number)

2800 Executive Way
Miramar, Florida 33025
(Address of principal executive offices, including Zip Code)

(954) 447-7920
(Registrant's telephone number, including area code)
____________________
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:
[]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
[]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
[]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
[]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
  






Item 2.02
Results of Operations and Financial Condition.
Item 7.01
Regulation FD
The information in this report furnished pursuant to Item 2.02 and Item 7.01 shall not be deemed “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or the Securities Act of 1933, as amended , if such subsequent filing specifically references the information furnished pursuant to Item 2.02 or Item 7.01 of this report.
On October 11, 2012, Spirit Airlines, Inc. reported certain traffic statistics for September 2012 and an update on current business trends. A copy of Spirit's traffic results is filed as Exhibit 99.1 to this Current Report of Form 8-K and incorporated herein by this reference.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits


Exhibit No.
Description
 
 
99.1
September 2012 Traffic Results
 
 

Cautionary Note Regarding Forward-Looking Statements

Statements in this current report, including the exhibits furnished herewith, contain various forward-looking statements within the meaning Section 21E of the Exchange Act which represent the Company's expectations or beliefs concerning future events. When used in this release, the words “expects,” “estimates,” “plans,” “anticipates,” “indicates,” “believes,” “forecast,” “guidance,” “outlook,” “may,” “will,” “should,” “seeks,” “targets” and similar expressions are intended to identify forward-looking statements. Similarly, statements that describe the Company's objectives, plans or goals, or actions the Company may take in the future, are forward-looking statements. Forward-looking statements include, without limitation, statements regarding the Company's guidance and estimates for third quarter 2012, including expectations regarding revenue, RASM, CASM, CASM ex-fuel, fuel expense, economic fuel cost, expected unrealized mark-to-market gains or losses, tax rates, load factor, and capacity. All forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements are subject to a number of factors that could cause the Company's actual results to differ materially from the Company's expectations, including the competitive environment in the airline industry; the Company's ability to keep costs low; changes in fuel costs; the impact of worldwide economic conditions on customer travel behavior; the Company's ability to generate non-ticket revenues; and government regulation. Additional information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings, including but not limited to the Company's Annual Report on Form 10-K for the year ended December 31, 2011.







SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


    
Date: October 11, 2012
SPIRIT AIRLINES, INC.
 
 
 
 
 
By:  /s/ Thomas Canfield
 
 
Name: Thomas Canfield
 
 
Title: Senior Vice President and General
 
 
Counsel






EXHIBIT INDEX

Exhibit No.
Description
 
 
99.1
September 2012 Traffic Results
 
 
 
 




EX-99.1 2 trafficreleaseseptember2012.htm SEPTEMBER 2012 TRAFFIC RELEASE Traffic Release September 2012



    
EXHIBIT 99.1
 

Spirit Airlines Reports September 2012 Traffic

Miramar, Florida (October 11, 2012) - Spirit Airlines (NASDAQ: SAVE) today reported its preliminary traffic results for September 2012 and year-to-date 2012.
Traffic (revenue passenger miles) in September 2012 increased 29.7 percent versus September 2011 on a capacity (available seat miles) increase of 30.2 percent. Load factor for September 2012 was 82.2 percent, a decrease of 0.3 points as compared to September 2011. Spirit's preliminary completion factor for September 2012 was 99.6 percent.
The following table summarizes Spirit's traffic results for the month and year-to-date ended September 30, 2012 and 2011.
 
September 2012

September 2011

Change

Revenue passenger miles (RPMs) (000)
746,184
575,463
29.7
 %
Available seat miles (ASMs) (000)
908,091
697,485
30.2
 %
Load factor
82.2
%
82.5
%
(0.3) pts

Passenger flight segments
822,837
643,998
27.8
 %
Average stage length (miles)
888
867
2.4
 %
Total departures
6,373
5,169
23.3
 %
 
 
 
 
 
YTD 2012

YTD 2011

Change

Revenue passenger miles (RPMs) (000)
7,144,329
6,040,203
18.3
 %
Available seat miles (ASMs) (000)
8,388,581
7,048,701
19.0
 %
Load factor
85.2
%
85.7
%
(0.5) pts

Passenger flight segments
7,775,861
6,347,384
22.5
 %
Average stage length (miles)
902
933
(3.3
)%
Total departures
58,674
48,722
20.4
 %
 

Third Quarter 2012 Guidance
The Company estimates its total revenue per ASM (RASM) for the third quarter 2012 decreased 3 to 4 percent year-over-year.

The Company's third quarter 2012 cost per available seat mile (CASM), excluding special items and unrealized mark-to-market hedge gains, is currently estimated to be between 10.14 cents and 10.19 cents, higher than the Company's previous guidance due to higher fuel cost. Spirit estimates its CASM ex-fuel for the quarter was between 6.00 cents and 6.05 cents, lower than previous guidance primarily due to maintenance-related costs that shifted from the third to fourth quarter 2012.

1




The following table summarizes Spirit's updated guidance for the third quarter 2012. All data is based on preliminary estimates and is subject to change. Spirit plans to announce third quarter 2012 results on October 30, 2012.

Third Quarter 2012 Guidance
3Q12E
 
 
Total revenue per ASM (RASM) year-over-year % change
(3)% - (4)%
 
 
 
 
Operating Expense per ASM (CASM) (cents)
 
 
 
CASM (1)
10.11

 
10.16
Less: Unrealized mark-to-market (gains) per ASM (2)
(0.03)
CASM excluding unrealized mark-to-market (gains) (2)
10.14

-
10.19
Less: Economic fuel expense per ASM (3)
4.14
CASM ex-fuel
6.00

-
6.05
 
 
 
 
 
 
 
 
 
 
Fuel Expense per Gallon($)
 
 
 
Fuel cost
$3.23
Less: Unrealized mark-to-market (gains ) (2)
(0.02)
Economic fuel cost (3)
$3.25
 
 
 
 
 
Fuel gallons (thousands)
37,761
 
 
 
 
 
Effective Tax Rate
37.9%
 
 
 
 
 
Wtd. Average Share Count (thousands)
 
 
 
Basic
72,427
Diluted
72,658





Footnotes
(1)
Excludes special items.
(2)
Unrealized mark-to-market gains are comprised of estimated non-cash adjustments to aircraft fuel expense.
(3)
Includes fuel taxes, into-plane fuel cost, and fuel hedge losses currently expected to be realized during the third quarter 2012.


About Spirit Airlines
Spirit Airlines (NASDAQ: SAVE) empowers customers to save money on air travel by offering ultra low base fares with a range of optional services for a fee, allowing customers the freedom to choose only the extras they value. This innovative approach grows the traveling market and stimulates new economic activity while creating new jobs. Spirit's modern fleet, configuration and other innovations enable Spirit to burn less fuel per seat than competitors, making Spirit one of the most environmentally-friendly US carriers. Spirit's all-Airbus fleet currently operates more than 200 daily flights to over 50 destinations within the U.S., Latin America and Caribbean. Visit Spirit at www.spirit.com.


2





Forward-Looking Statements
Statements in this release contain various forward-looking statements within the meaning Section 21E of the Securities Exchange Act of 1934, as amended, which represent the Company's expectations or beliefs concerning future events. When used in this release, the words “expects,” “estimates,” “plans,” “anticipates,” “indicates,” “believes,” “forecast,” “guidance,” “outlook,” “may,” “will,” “should,” “seeks,” “targets” and similar expressions are intended to identify forward-looking statements. Similarly, statements that describe the Company's objectives, plans or goals, or actions the Company may take in the future, are forward-looking statements. Forward-looking statements include, without limitation, statements regarding the Company's guidance and estimates for third quarter 2012, including expectations regarding revenue, RASM, load factor, capacity, CASM, CASM ex-fuel, fuel expense, economic fuel cost, expected unrealized mark-to-market gains, share counts and tax rates. All forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Forward-looking statements are subject to a number of factors that could cause the Company's actual results to differ materially from the Company's expectations, including the competitive environment in the airline industry; the Company's ability to keep costs low; changes in fuel costs; the impact of worldwide economic conditions on customer travel behavior; the Company's ability to generate non-ticket revenues; and government regulation. Additional information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings, including but not limited to the Company's Annual Report on Form 10-K for the year ended December 31, 2011.


###



Investor Relations Contact:
DeAnne Gabel
Director, Investor Relations
InvestorRelations@spirit.com
954-447-7920

Media Contacts:
Misty Pinson
Director, Corporate Communications
misty.pinson@spirit.com
954-628-4827/cell 954-918-9432

Manuel Jaquez
Senior Manager Commercial - Latin America
manuel.jaquez@spirit.com
954-628-4898




3
GRAPHIC 3 saveimagea02.jpg begin 644 saveimagea02.jpg M_]C_X``02D9)1@`!`@$`8`!@``#_[0VZ4&AO=&]S:&]P(#,N,``X0DE-`^T` M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0`` M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`& M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4` M```!`"T````&```````!.$))30/X``````!P``#_____________________ M________`^@`````_____________________________P/H`````/______ M______________________\#Z`````#_____________________________ M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0` M````.$))300:``````!M````!@``````````````+@```(H````&`&<`,0`S M`&8`,P`P`````0`````````````````````````!``````````````"*```` M+@`````````````````````````````````````````````X0DE-!!$````` M``$!`#A"24T$%```````!`````(X0DE-!`P`````"QX````!````<````"4` M``%0```PD```"P(`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4` M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P, M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X. M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P, M#`P,#`S_P``1"``E`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$` M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@) M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D M%5+!8C,T)E\K.$P]-U MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$` M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D M8N%R@I)#4Q5C+RLX3#TW7C\T:4 MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B7I[?'_]H`#`,!``(1 M`Q$`/P#TS/ZE@=-H^T9U[,>J8#GF)/[K!])[OY+%AV?XPOJRQT-MMM'[S*;( M_P"FUBY#Z_Y&59]9;*LG)]3)KLDNDS+6.MQ_1_JL5V'*Q]N,Y<4S+6HC*VWV$-97:UU9<3PUGJM:USE:ZG]8.C])LKJZCD MMQWV@NK:X.,AI#7'V-=^\O-^G='^K'4[FXC.JY.+?<=E+;Z&MEQ^@&VL<^KU M-WT/TB+]?LHW?6)],R,*FNB3W<1]H>__`,&8E]UQG((@RJC*5BC]%?>)C&9$ M1NP!1L/>/^MWUXPWUF/K!_MVL97_`-)ZK]WZ"4,'+RD8" M33C/MV?YFW&8A_5@#%Z+U_JSAK7C#%I>.=UL[Q_G/Q4Z&(PQ3'$=9&&E>K7V MT3R"66'I&D>/^[^F]SC_`%Q^K65?5CT9S++;W!E3`U\N<[1K=6(G4OK-T?IM MAION+[A]*JIILVRQOIZ.AV][2YUCG[G_P"D5+G8'%,0P@RTXI2E MT\/T71^&^QEA++S>3VXWPPQXP>.=?-+_`"G#!H?7FOIN?U6FO(ZM3A.Q:8^S MV5V/<#8?4+R:_;[F-J6C]7\SH/U:Z'C,R>H5N;GOLR*K@Q[18`6LW,9M<]NR MOT6^]<+]9ECFBLF65;G-W\HO%LS\G*SFORLNZFK(O#KW>H^&,LLW6G:UW^"KQ]CK7/M(+BYP:W\QM;?H,8WZ*'.''8!OBC^C'05)/*>X M03I4OTCKKY/_T%U?ZT_6(7OP.KTXCK:'$>ED8S7@$>WU:VVN]['_`.#M9]-1 MS.M_5C)PW?Y"93FN80+*[/3J:\_X1OI;7;6_3V>G_P`&O4'*JWZO]!8X.9TW$:X<$45@C_H*Y'F<=#]68D?N2X0U9%D444V"U]KV%K0:FNM9N=_+N8QJFQ251X1 M48WK^])AR8#'@QQN7$;D?^:V.G?XP^IX.`S!=C57OQVBJNUSG,(#!L:V^L#W M6,CW?S2R:E7;_;3Y%M>%_B^Q:][6NZMF.M M<">:ZR?=_P"RV,N^R>N](;5FVU$9-F#7;9>&L<6@T!WJ4OR-GHLNW-V^EZGJ M)SU3'IW_`+0^SX]6+139DDODU67%S/3.QPUYW77#_P!MUV^? ME,P\'(RWD!N/4^UQ/$,:7_\`?4#&ZOTJP7BNT5#&8+;_`%6.H#6'=%_ZPRK] M#^B?^F_F_8FHZWTG*]1C;@WTZO7L;>Q]/Z'\Z_;E,JWT-_/M;^C4&64LF0S, M"!IIV9<<8P@(B0ZZ]WR7ZNT#J'6^GXQ+7FV]K[6S,M9^LW_]"MZ[O_&8^QO0 MZ``?3=DL]5W8`-LV;OZUFU;^#U/I69>:<8Q>U@M#'U/J<:R=GJUMOKJ=97N] MOJ5J^YH<"UP!!T(/!"DR#]$K,>`#'*(E?'^D'R#ZN?65GU>R+\D M8S,IUU88)L],M#3OT=LM:[?_`%%ZY0ZU]%;[FBNUS6FQ@,AKB/ MGT_^Y%OT-^9TOZ6(+`2T=8N]5S_5#W6?9K/L?JLS?UFOV&IGZ>RVS]'19_A? M2I\'25J%>T/*7?\`K->=^Y]1V_JOO_L_YC4^I)9NK_:)_.G[2W]KMH/VQA_:=NOZ+TL?\`9_TH]KLWT-__`%U>`))#>7]Z?_2@H_H_W8_E M-]]^LO\`2NH&Z8#.FFH,W26#*M.USJ/UJO?D^RQ^&RRZK]7M_3?S*#6:'?:W MV`U7?8[=E/4#GV5?9P^D]2+\GJC<=VRVO[.Q_P!GQ/U?^=_6?YE>$))T:X!O MN-K_`'8?RFHWQ'Z]OWI/T-]6W9#L^YP9DU8GH,%==S\BUF_<[<^J[J]>-G;O M3]/]%11]D_X;UO8ND7RJDJ^;YS6VG\O5ZF7%\HO\?_07ZJ27RJDHU[__V3A" M24T$(0``````50````$!````#P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`QDRH&.'^3 MJ18WB'*\Q&DV*XU?W$#>#QP2NG7]\*5I\:TTP9#E?%\2[Q9/D5C;S+XK)/&K M_P`)8-7X4TW\%[">"ED>`PB.8'&Y9X<4R)-W6QT2+4H/SU*XI8IXTFAD5XF%0RD$$>\$=" M/EKYS^V56*P_&7X^Y^WV=^GN3B'+88/R9N+Y%+:A\YM MI@O3Q\Q2G3V]>FF:/EG%IIOQXN2X]KCIY1<0ENOAY0]>OLZ:D`FHFJF15(Y% M4E2%4343,!TU$S@!B'(]WW"SDC MS3N>"1&0OLP0J.7UJZ/Y%"[:3!4U^I9KQ)P:"QTXV0_O+QJA$U!M\:P_<*95 M0I.PB?N1W8OF_&>$67()LQ'=&\NI8@IBA:0;(E8CS#H"6D:H^`K[-#YWKX9R M/F=Y@HL0]L+2UCD)$DRQG?(RCP/4@+&*'XFGMUJOI4];&N<-M9V;:MV>YH0' M6:LZ%57=0OL1;F[9O+V-C8[6XE'+$2-H?ZM/"@^&M7LQVXRW#\MF,SG7MNML(D M,7UGCX& MNK^[CAME\7=@BC]K$#4CP''.03Z8;:&2>5@/$B.-6:@KU- M*#VD:A]R7N#7DUPJY%P_%J_YW=YR[T:UY%$V%*Z1+&JL9JW13*$G6CVSF,LR MC)%A6+.9PF`B"@*'2\1*8Q3!)NV>?XY<\IX_FC>"YP]K>J\A@'JG=#24+M7Q M-=E1_FFIZ:9N\?;_`)]Q#"YKB_(..W&*Y)>8\F**\4V[&*RG?OAT>-R#V<=_^8(7]/=;.J[]IV58]`-U*D^&@8QO M8WELF1L$NWL?Q#,GJ;;A&;9N&^BCJ3MK0>W17_LDWR#Q#@URCL\':XF+M,;E M,[3J^E&3#9";AK)>S-U9.2/FDC#2MG171$I0^$Z0&,'B4>A([9\?GS MO/.*6L]H[VC7:2/N4E62*LS@DBA#*A!]X--%3W&ST&$X1R>Y@ND6Z6U:--K` M,KRTA4@`U!5G!'N(T`_C%\W75M@RK+R[CJK+_P`C:12**+U32[8W29%MMFC( M$[Q5PK,"DW2:D?BH=0_W"%*)C?8`]=`LWC\!B<-ELK_0;1OQK:66GH1FOIHS MTIMZUI2GMT".&OLYE_%_E_P#C4;^/_P!R_$_B M_P"S_K_T=8?AW?\`NLGA7Z6\/?X>'Q\-9_EVO^\Q^-/J'C[O'Q^&O__0LZ_< M`>PS4Z3>XGAIC-ME:/$_H^-M>SV"N/',58IU6SB\&#H*,*^G!)$>R! M$1*+_P"N11.;XDU4U2W_`$]=N<3?6$W-X="5=M]=L6X=0FVC/3ZMP!-`0:1>`'! M>!YPVRZ0MFY.9/QV95%O"N/DOKIC(W"W+3:TC\AJ;47]EJ))UI"I1IC2*XR" M7TZCEL7Q/\PF3O/N'SVXX)9V4]KQ:[R3S%A]H$1QA=O\R0))L+;O(-AJ%8U% M*&E>!<'@YM=7D-SR:TQZ0A3]T@R2;J_RXR\>X+3SG>*$J*&M1*SE1Z*^5&*2 MM24P553EW3+8UG%/U/G-;+`OJZZ@W;)N9M8X9S9)Z/;IRA7W]T4;23KS4;.2 M'*F*114B7$^_7$\Y%>#D`_H]["5\DS[PX8$U1@B$[:>8,BT#*034TE/*>QW* M,++:'!$Y:SE#>>%-I0J0*.I=@-U?*0[5(8&E.LX?2W@7LEXK.ITS.5.U-(\DHX1CK(YLT*RBOJ4D@.LV?&34\@`@D M@O>WD/;+EG$[B[QV9M)^3VS1F`I7U&4R*LD9.T$H$9I-I/1E!'MK-NS6![C\ M6Y1;VN0Q%U#QNX603!_Y:L(V:-P-Q`/*;9!9H[#W/-69P?B&D-?CJE>X^4_K/.N4WX?''L+YQ8^QH&+PT\]XYTBSSKY$UAM,;19(K=U+//@>NFBEVM)4T6Z! MG"+:14CD@22.=NF8`%HY5S3MSP3,R9#-S1KR6>)`=D;2S^DM0HJ`?2CZDT+( M'-2`QTZ\8X?W`YMB$L,-#(W'8)6(WN(H/5-"QZD>H_@*@.4%`2HTR/+C@5R< MX12E;8\@*(E`QUQ(\&J6F#FXNS56=6C2MSR3%O*Q3A464FQ!T03M7B;9P8@_ M(0AT_O\`3[P_N!Q;G45S)QZ_,DD-/4C9621`U=I*L.JFA\REA7H2#TTR0 MF_U#<$Q$_&YN:65HD.7M98_690%]:.5UB\X%-SJ[H5?ZMNX&HIMMWL'S?*P\ MAAX?>73RXJYC?TE8D^E)&C2>0GZ49%<%?#=M(H:[J\?<=JA=:]CG)23;/"NH MNF6B,RN,(0P&39&S.OQ51GV9#=N_D%PC9)0X#W\55#!_``ZL;LOB?Z1VUXQ$ MR4EGB:=OCZ[M(A_U;(!\`-5]W@RG]6[B!L&ZVV(L@[#W/Z;S*WP.Z:"OP4>_4^Q'_U[]/\`F[Y> MESE;PHI]Z;TB9?B-L,W[6/NU3/PH-5&?*K$++>BJJTS/[NPU&S-$2`HK*Q>7 M)+Z`:O)`8Q$@SEEKPCM3SKDMY)MB@L'44\ M2\U($"_O%Y%"_&E>FF#].7;/-=XN^/;+MQQ^`/E,EE(U%:[$2*L\TLE.HBBA MB>20BI"*U`30&ZC9X'V`<\+*YV.:QO7K%55R.W='B(RJS[:C5VN*&14094EN M^0:MI4%$%$@4>(`NZD3D$YSG$@@3@QF8.?/;[)_I=_31AXN`X[G^!M,TI5;R62Y@:\GG%07NV0LT=&#; M8GV1P`A550U6Y^QJ/F^-OJ7XGL'4\P\P.D3L/B8`ZZ0?H9XC/CHKJ^O;1X[FWM'+A@5*RW,U$ MJ#0@^C"PZ_'X:X&__JEW3QG/>ZN3?`9B&\P+3VT-M+"XDCD@M+1#*4=259?R M[AVJIIX>VNHB^AC*R:5[&L4B`!5"`[G4`EBI/B2>I]^FCN1Q'E.$RUYG>1VJ1+D+R9TI M+&Y)+%ST5B0%#`>``Z#44.,O%K:>7VDGR;!ZRUM5V2KLI:UV#V-<7S/+LD<5@K82WHC9R"RH`JD`DLQ`\6`\?;HMGU$>J.WX) MG?(N(YH9E5GCK6)FA1T/5#V.)M+7].TZ+MIG$BH^JTHX0;'DG]T.F"9E06*9 MD50`*($-T(/>+NW9\@R7&YN$Y255M$E9I-C1G?(T=!2103M$0-:4\Q'O&BO[ M2]J[O`X_D4/,L9$6NWB"IO5QLC62IJC$"ID(I6OEK[CJS+_\OO7[_P#*63_Z M?^$//Q/_`##\?_BW_&?BO[3JK_\`RGW#_P"[;S^(>'N\/I_=^GX:LK_QEP'_ M`+6M/X3X^_Q^K][ZOCK_T;4/:;Q0X3$"B+2!FBS\#9I>9K="I+5W`C:+?=#BO"^:Y(9[#=P\-!E3 M&J2)+=0^G)M%%;D/FW;:RA=,47P#D;3GJSUO&6S M$-\H5BK,LO'.E63Y&-GK"]JL4X59O4#HJE^4IDE2"0X%,`@%N/WTX-9W36.< M7(XV]4`M'=6DJ.H85!9$$C"H((Z=1U&JK3LIS6[MEO<*UAD;-B0LEM=1.C$& MA`9RBFA%#UZ'H=0)U?).2/#/2CT/2X>Z8EI246PGB,F5B(R?+Q#Q5^UCY9A- MU&8=,)!BLNT::A>_<#!U8&(S'&>:XP9#%S07V,+E*E*@,*$J5D4 M$&A4D%1T(.H)E<3R/AV2-CDH9K+)!0U`]"5-0L014$`@GP(T0!Z;/9ER( M6BN55*W/1;!J=#Q+BQHO(NM6&_2#BQ6JN2.;.J['JUI.TRBBLQ+15B:V$HI- M'KAQ\*K(I6WQ@JJ4X\]Z>U_&UEXG?8'&QVF0OLM#9ND0"1N)@YW^FOE5D*=6 M4"H8EJT%+[[/=R>0M%RFRSF0DNK&RQO721JNQ))]Y/4G79@WTR.A3;MZ4UTDX&,6O#>-)AG1L>+.(`K2F[:-]:># M[]V\'J'W5ZUT._\`N/\`E1F=N:XYQ;ID]$6BX4RVRNE:2>'?HOTZ6X)".:U6 M:Q(+-%5FZ4[)I3#]TZ:'$KAHB@V,)Y2S?-%88=P( M]4;@[N*]=B[456'1B6`/E.A]_45RG&W:8?C%G.DMY#,TTVT@^F=I1$)'3[_`"2+IOG_`!:R73-)N4Z0G=HS//TJP4>.BCG$ MY$Q?R$5.2CQ!,QB@=.-6-W#PZL'O_DDCX0G'HF!R.6O((8T]IV2I*6^0944G MWNOOU`^Q6.>3F3YZ12+#%VDTTC>P;HWC"_,JSL![D/NU3W?[E*:+>[MH,X(# M-WNW62Y3`E.90HREGF7LW("4Y_OG`7;X_81^T?Y]7+C[*+&V%CCH/Y%O"D:_ MW44*/\0U4-_>2Y&^O1O[SL6/^,Z(0]O7_HGU\>L/B(7^Z2C>BIZI M>(=/_5$9VB,I<.R<.7#8?C4\WEGTJP@DA$WOC:5B`#\$AAJ/B-7_W;_X'P#MGQ+PE$'KRK[G6-021\7FEI\CIH/V_ MG&6J;MRVM5ZOL46=JV%4)*SM(5TBBXAY*\V"<:1E3+.METE4GK"-:LI%^D@/ MB!WK1`QA,F0Z9_/]4LMM/PG"X6Y&Z.XR22,AH5=;='7>796U6^6/RC&6;]XF(_:VM&B6&4DY)("`>_&/D)N\U;;DU!42@ M```!!'$I3#W[@)@#L7O%?U0Y;_I/!(_7[T[C^&.,_P"U_M74F_35B_\`JC-. MG3[4"'^*20?[+^U-,)^Y6U0EAY+X3D#9?YVV8Y#)6QV4IQ$C.=U&SK-G;,R8 M@'BX_(\^C5S"')-MQC/YEEHUU>+&/BD"`@_+=,X^8.F' M]2&4%QR3!XA6JMM:&0_!IGH1\]L2'Y$:=3]LKE975TY1[)WZS/,-H3S>\:7<]=M[4L6*);7&S=X$@&,J":"I'C05K0:RD?7-[7>9&A+W?0\9VJ M7MMA49HS-_Y"/3T59FP0*FW;?5#H[V(FRQ42V$"I,V#-8R*1?!!`>WCU@WW60[=]U.89!KW(8:]>[D MINENSZ5`.@KZQ5MJCP55-!T5?9JTW=.#4-ZI/5+R-<3=IC;KR(Y//,RR>SVF M*1>3]VN[ M7&E@M&@XWBEGN$C8@N[!"JRR4JH;>T8506"#<`Q+DZM#.<(A[6=K.1--=+-R M')F&!W4$(JEPS11U\Q&Q9*L0I<[25`4#0XG&OC]>.4VW4+`\W4BD;IHCR58P MB\XNX:P[<\/7Y>ROG$DY:-7KENS;QD*L=0Y$5#%*7OXCV[=$KR?D5CQ3!9#D M&3#FQME4L%`+'A^6I03O`WV=89+3='C^/'*I@FNNJ25'(:U?[E4)KXP.T^H-.Y82A@OY.1XEB!Y?R'BCD7VTVS[77K\/'4FGX M+W,PRNZ#?G(*PQR$ICTUB%2\=MY&B MS*7UX!Y8K4B7`"4KT9E\=%-6#@.GP[]8W(+CEQ#J$MIFO:3GLK6YR:,>&BKCIUHOZ3 M&BV.=<.).481<)&5ZJR[M9A'E=_$P:MS>!EW:JRSD4K?N">9]T>.\EYC>):X M:UN5=5\S1P1PUE1`%4LS/(JAWVU=B*[4"JI03\#'$.VF?X[Q*T>YR]S;LC-Y M5DF>6D3L2S!55$9BJ;J*HZ;G)+"^Y#Z8.?DKK&81>B\:['7\^DM$I3"]3SZT M9^NRA*:\LL8WL\N\1C;>[D5FL;"*+K*%;I*KF(00(0QNP"4^8[V=O8<1E9<; MR>*3(K;2F)`DP+2!&**"T8%6:@%2!UZD#0RXCLWSV7*XR+(\6W+R,LN-8%9+KEE#R>HT>MSK"?HD=' M/GYG\[:;`X:LY>TQLBF=%]8P9J&40)Y"S#Q[D`IAJWL?SK@?$.'2VN:Y!%!E M;B\DE="DK,!1(T!*QL.H3<*$_5UZU&K+[S\)YORSEL5SA\#)-BX+2.-&#Q`$ MU9W(#.#XOM-0/IZ=-3Y]$7"G8N(N.;C(;U0'&M M`:!DEG5?DI9D1NO.W"7322,L"I12.82`4Y1-7_?SG&%YCFL%'Q_("YQMK;,2 MP#J!+*_G6CJIJ%CC)-*=0*]#2>=C.%YCB6'SNGV)\F.;O(G9*MQIM?RFF3"=GSQL MWEJ?28>*HU9EFC5[-X6[ MY/#'>10;I%V3$K)*S2NI(C()5G*]"1TZ$C05]Q>WG<+DO->0YBUXW*]G)/MC M;?$`T<:K$C`&0$!E0-U`/7J`=$,>F;BQ?N)?"B&I&KU16DZ?;]%OU_NE9=NX M]^^BW3I\UJ,&1X[B7DC&*G=U2G,'1`074*5)P4#>*GF4HZ=Z^68_E_.)[[$7 M8GQ<-M%#$X!`8`&1J!@&Z22.IJ!U'3I0Z('L[Q>_XIPN&RRMJ8J1JW0GH??4:I?\`=AZU>86O\M+!R(QG+Y;7\]N--IS0Z-,=,'UD MJDG4:\V@7L0_JSE\WFWI'_Y=]8W68(.43_.*9O%4.Q[L[']SN&8;B%OQS-Y5 M+/(PS2&L@(219'+AA(`5%*[2'*GI45'A37>CMOR_+\KN.0X?&/=X^:&,4C(+ MH8T"E2A(8UIN!0$=:&A\:K#=XTJ=R5`Z^\#VTKKL#,CICG.< MHS'/7LF[FGE#SVETQW,/WCB1?2SFKUN-A%Y-[(.Q,[?.WZK$55%E1%14YQ,; M[1'KGCF+UY!=@>2<3XIDN0Y7DN7CM9G@CBBW+(Q96!U0_?3 MCW*>48[`XSCN*>YA2:267:R*%*J$C^MEJ2'D\*TIU\1J"?I7]97*;`^9!]EY M'XS+9M6Z3EET"GRDI,U*5^NO-E7A:NDP00KUBEG"'_2$O,*&5.0"!X@3^)^X M3WO?W0XIR#A8PO&LVES6=1D&C)0T$ MP:Q4-,6:R62S622;P];JE1JE<8RECM5HL$JZ30:,6#9=PJ8PF\0(0YRBIAL- MD,]?)C\;"&G*LY+,J(B(I9Y))'*I&B*"6=V`'OJ0"3N7R]A@[)K_`",I6`,J M@*K.[NY"HD:(&=W=B`JJI)^0)#59'RVS_7-&>9(G3=GS71&])=Z,QK.QY/:\ MY,,J,R%A1@K,H85J-PZ4.F0JG/#+:GG.9W/3=&?WYSR4NVUR/'>-S/(-!DK! M;Z54K))*UNI0=+B:^\M,U.Q5<48-1>';$+*.%0=$\6QQ4(^7?`9/(M.V2FN M3:"&WE+R1QN=D:QJA=F5-J[J>5.1=LN'(SBUFM*A9^JUW0,OW;9M M:K6@U)6N7R%J5%<4NB4EE)0LKVD:VXEK[>2K@(??618^/]0YNM$<;L[/C7*\ MG?3QRW-O=6MM;O#('B:242RRE67HX6**GN!;WC6\>0W=YR+B^-LH9(K>XM;F MXG26/9*L<1CBC!5NJ%I9:^\A?<=:M5.;^:U',IQN`)9SD MFA/I>Q5J*FK,\I]0C:=$P4I;9N<95J%3;?6_2%"8>JIG;E\'"(#M7?!93 M)8[$8P0MC;2!KOUKB$*CLJ"21I&=8U4NQ;;N^VH(8U5M:MIS;'6F,QV0RN1, MRY&ZG%KZ,$I9T5G,<8C56D9@B@;MOW&(*BC#3L9OS'Q_03ZHUE$+[CTKB]8B M+SHL-O%%G,FD(&@SJ$\M&7L1M"3=B\J:QZM))'=HKG*@LR4*J!/N>;1D^%YG M'#$O$UO>Q7TK10M:RK9:)8Y9-9>M1%?MUD@&+9L\N#9N=2')()L1D@`"H^1SD(;=NNWN>MK3( M7*7%C/-9Q&2>&&Z@EGA1:!V>-')(C)`DV%MG_JH`2-.VY[A+BZL+=H+V&&[D M$<$TUM-%#*[5**DCJ`#(!6/>%W^RI(&O.B\^<4SF5T%HM6]QND#D4@_B=8T' M-<1T&\9QG4G",&LM9F%AN,/#J1:SNHQ#U-S+$8"]-'D$2+`58IDRK&]OLYDH ML&:ZABFF5B50I&S;@)&!6,OMWGJM00=?9KOI* M!L)DD;"+D\D2N24?8#)@E].M\(.2&L[MK%C9Y<_#+=64&::V7\=[T,;-5WCU M_7`5T^C;L,R/#6NY=VTBM^XDN0@BP4T=M>38=;AOR$LRHNV.P^CZ))5_KW;Q M"Z2TIM.W<#6YQ\OEJFN0W,68SW"^2E+U`OKRFU\#J7)*\[1/[$[E8VS3"4JW MNDGR?GCRT'-66WO*T=)O6'4K4FC)F4QGP/5/@-9?(L?:0<!56I?>=NI9<56-#;;]P-9,)J)DO5DSQ"128R"Z,^X!-)4&S[Z>(\ MLDR#<>Y^\D#KDI>4EKY00?115G_&1R#M97E>?:4+(#$M2-T>Z5<62Q7/<%2. M9&QT?&0+)B"/55\ MVF@A+9A./QBSCJ/N+NN&D<$D*OWS%&0S*WE#4VE"6XXX,\_;[+ZP(Z,F&+_+ M*YZ]KPCQRL"35XBWT+49!AC+/1WC5JZ;H34++0&701G:JN M8[91QS*V+CX_+^(]"!+.1;B8@$!E98%W$2*I/J-MJ5D`8SGJU-)*>T>3N;]> M#?0=:]?JD'6$UK:G,7KCO5='6L+AI%SN>P-KG:PAI^M25J@"+LDCNX]:-2/ M3MD9BQ!]0!0'TK*\Q]]F^.#(8GD5C8)?0&N3?*2*]QN'XR1*'DMPWK[?N7#J MH4$>F=U4TBSWFRWRZ;51,;P_F)B/+YQL,_7];VCCO>]3L?K_`([1T9$R4GH> MCQ;"5T*JR!7-?436FX9[4DG9E$S)*K(*F55#>M;"UQ]C@[_-9W#7W#19(]O; M7D4"99H2OEAA8K#(*/412+<%:$$!@`-:5S?7-]>9JQP^$R]ERTWCK/<6DL[X MH35\TLRAI4-5H9(V@#5!!*DDZ)UC$_AC8]$7*+SXF+1/ZQNBBW0=>""9?J46 M[<1;H(K]O(I$Q$A0$`+]@!T+DIW2R':5JQZ$DD=?`D]33WGKHEXA2.,;@U%' ;44`/3Q`'05^'36=UYZSTNEI:72TM+I:6O__9 ` end