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Monday, March 1, 2010

Disclosure of Shareholder Voting Results Required on New 8-K Item 5.07

A new item number for Form 8-K became effective on Feb 28.  Item 5.07 is reserved for disclosure of voting results of matters presented to shareholders, to be filed within four business days after the meeting.  The SEC initially contemplated a corresponding re-designation of Form 10-K and 10-Q item numbers, but decided against such change to avoid confusion that might otherwise arise from references to the current numbering in professional literature.  Instead, Item 4 of Form 10-K and Part II, Item 4 of Form 10-Q, previously used to report voting results, have been removed and reserved.  The SEC Final Rule pertaining to new item 5.07 is available in Release Nos. 33-9089 and 33-9089A.