Myers Industries

-8.16%

Live  

Myers Industries is a manufacturing and distribution company that specializes in providing innovative solutions for industrial, agricultural, and consumer markets. The company was founded in 1933 and is based in Akron, Ohio. It operates through two segments: Material Handling and Distribution. Myers Industries offers a wide range of products, including plastic and rubber products, waste handling equipment, storage and organization solutions, and various industrial and commercial products. Its customers include businesses in the automotive, agriculture, food processing, and construction industries. The company has manufacturing facilities in the United States and abroad, and its products are sold worldwide through a network of distributors and retailers. Myers Industries is committed to sustainability and has implemented initiatives to reduce its carbon footprint and increase its use of recycled materials in its products. The company also supports various community and charitable organizations through its corporate giving program. Myers Industries continues to strive for growth and innovation in its products and services, while maintaining its commitment to quality and customer satisfaction.

TXllcnMgSW 5kdXN0cmll cyBpcyBhIG NvbXBhbnkg dGhhdCBtYW tlcyBhbmQg c2VsbHMgcG xhc3RpYyBw cm9kdWN0cy 4gVGhpbmsg b2YgYWxsIH RoZSBjb250 YWluZXJzLC BzdG9yYWdl IGJpbnMsIG FuZCBzb21l IHRveSBwYX J0cyB5b3Ug c2VlIGFyb3 VuZCB0aGUg aG91c2Ugb3 IgaW4gc3Rv cmVzLiBUaG F04oCZcyB0 aGUga2luZC BvZiBzdHVm ZiB0aGV5IG NyZWF0ZSEg VGhleSBoYX ZlIGRpZmZl cmVudCBidX NpbmVzcyBw YXJ0czogb2 5lIG1ha2Vz IHRoaW5ncy Bmb3IgZ2Fy ZGVuaW5nLC BsaWtlIHBs YW50ZXJzLC BhbmQgYW5v dGhlciBtYW tlcyBwcm9k dWN0cyBmb3 IgdGhpbmdz IGxpa2Ugc2 FmZXR5IGFu ZCBzdG9yYW dlLCB3aGlj aCBhcmUgc3 VwZXIgdXNl ZnVsIGZvci BwZW9wbGUg YW5kIGJ1c2 luZXNzZXMu PGJyPlRoZS B3YXkgTXll cnMgSW5kdX N0cmllcyBt YWtlcyBtb2 5leSBpcyBi eSBzZWxsaW 5nIHRoZXNl IHBsYXN0aW MgcHJvZHVj dHMgdG8gY3 VzdG9tZXJz LiBUaGV5IH NlbGwgdG8g c3RvcmVzIH NvIHlvdSBj YW4gZmluZC B0aGUgaXRl bXMgb24gc2 hlbHZlcywg YW5kIHRoZX kgYWxzbyBz ZWxsIGRpcm VjdGx5IHRv IG90aGVyIG J1c2luZXNz ZXMgdGhhdC BuZWVkIHRo ZXNlIHByb2 R1Y3RzIGZv ciB0aGVpci Bvd24gcHVy cG9zZXMuID xicj5Ob3cs IHdoeSBpcy BNeWVycyBJ bmR1c3RyaW VzIHNvIHN1 Y2Nlc3NmdW w/IEZpcnN0 LCB0aGV5IG hhdmUgYmVl biBhcm91bm QgYSBsb25n IHRpbWUsIH NvIHRoZXkg a25vdyBhIG xvdCBhYm91 dCBtYWtpbm cgcXVhbGl0 eSBwcm9kdW N0cyB0aGF0 IHBlb3BsZS B3YW50LiBU aGV5IGFsc2 8gZm9jdXMg b24gbWFraW 5nIHRoaW5n cyB0aGF0IG FyZSB1c2Vm dWwgaW4gb3 VyIGV2ZXJ5 ZGF5IGxpdm VzLCBsaWtl IG9yZ2FuaX ppbmcgdG9v bHMgb3Iga2 VlcGluZyBw bGFudHMgaG VhbHRoeS4g PGJyPkxvb2 tpbmcgdG8g dGhlIGZ1dH VyZSwgTXll cnMgSW5kdX N0cmllcyB3 aWxsIGxpa2 VseSBzdGF5 IHN1Y2Nlc3 NmdWwgYmVj YXVzZSBtb3 JlIHBlb3Bs ZSBhcmUgY2 FyaW5nIGFi b3V0IHRoZS BlbnZpcm9u bWVudCBhbm QgbG9va2lu ZyBmb3Igd2 F5cyB0byBy ZXVzZSBhbm QgcmVjeWNs ZS4gVGhleS BhcmUgYWRh cHRpbmcgYn kgY3JlYXRp bmcgbmV3IH Byb2R1Y3Rz IHRoYXQgYX JlIGJldHRl ciBmb3IgdG hlIHBsYW5l dC4gQWxzby wgYXMgbW9y ZSBwZW9wbG Ugc2hvcCBv bmxpbmUgYW 5kIG5lZWQg c3RvcmFnZS Bzb2x1dGlv bnMsIHRoaX MgY2FuIGhl bHAgdGhlaX IgYnVzaW5l c3MgZ3Jvdy BldmVuIG1v cmUuIEJ5IH N0YXlpbmcg aW5ub3ZhdG l2ZSBhbmQg bWVldGluZy BwZW9wbGXi gJlzIG5lZW RzLCBNeWVy cyBJbmR1c3 RyaWVzIGlz IHNldHRpbm cgaXRzZWxm IHVwIGZvci Bjb250aW51 ZWQgc3VjY2 VzcyE8YnI+

VGhlcmUgYX JlIGEgZmV3 IHRoaW5ncy B0aGF0IG1h a2UgdGhlIE 15ZXJzIElu ZHVzdHJpZX MgY29tcGFu eSB1bmlxdW Ugb3Igc3Bl Y2lhbDo8Yn I+MS4gTG9u ZyBoaXN0b3 J5IGFuZCBl eHBlcmllbm NlOiBNeWVy cyBJbmR1c3 RyaWVzIHdh cyBmb3VuZG VkIGluIDE5 MzMgYW5kIG hhcyBvdmVy IDg1IHllYX JzIG9mIGV4 cGVyaWVuY2 UgaW4gdGhl IGluZHVzdH J5LiBUaGlz IGxvbmcgaG lzdG9yeSBz cGVha3MgdG 8gdGhlIGNv bXBhbnnigJ lzIHN0YWJp bGl0eSBhbm Qgc3VjY2Vz cy48YnI+Mi 4gRGl2ZXJz aWZpZWQgcG 9ydGZvbGlv OiBUaGUgY2 9tcGFueSBo YXMgYSBkaX ZlcnNlIHBv cnRmb2xpby BvZiBidXNp bmVzc2VzLC BpbmNsdWRp bmcgbWF0ZX JpYWwgaGFu ZGxpbmcsIH BhY2thZ2lu ZywgYW5kIG Rpc3RyaWJ1 dGlvbi4gVG hpcyBoZWxw cyB0byBtaX RpZ2F0ZSBy aXNrIGFuZC BtYWtlcyB0 aGUgY29tcG FueSBsZXNz IHZ1bG5lcm FibGUgdG8g Zmx1Y3R1YX Rpb25zIGlu IHNwZWNpZm ljIGluZHVz dHJpZXMuPG JyPjMuIElu bm92YXRpdm UgcHJvZHVj dHM6IE15ZX JzIEluZHVz dHJpZXMgaG FzIGEgcmVw dXRhdGlvbi Bmb3IgZGV2 ZWxvcGluZy Bpbm5vdmF0 aXZlIGFuZC BoaWdoLXF1 YWxpdHkgcH JvZHVjdHMu IFRoaXMgaG FzIGhlbHBl ZCB0aGUgY2 9tcGFueSBz dGF5IGNvbX BldGl0aXZl IGluIGEgcm FwaWRseSBl dm9sdmluZy BtYXJrZXQu PGJyPjQuIE N1c3RvbWVy LWZvY3VzZW QgYXBwcm9h Y2g6IFRoZS Bjb21wYW55 IGlzIGRlZG ljYXRlZCB0 byBwcm92aW RpbmcgZXhj ZWxsZW50IG N1c3RvbWVy IHNlcnZpY2 UgYW5kIHdv cmtzIGNsb3 NlbHkgd2l0 aCBpdHMgY2 xpZW50cyB0 byBkZXZlbG 9wIGN1c3Rv bWl6ZWQgc2 9sdXRpb25z IHRoYXQgbW VldCB0aGVp ciB1bmlxdW UgbmVlZHMu PGJyPjUuIE NvbW1pdG1l bnQgdG8gc3 VzdGFpbmFi aWxpdHk6IE 15ZXJzIElu ZHVzdHJpZX MgaXMgY29t bWl0dGVkIH RvIHN1c3Rh aW5hYmlsaX R5IGFuZCB3 b3JrcyB0by ByZWR1Y2Ug aXRzIGVudm lyb25tZW50 YWwgaW1wYW N0IHRocm91 Z2ggaW5pdG lhdGl2ZXMg c3VjaCBhcy B1c2luZyBl Y28tZnJpZW 5kbHkgbWF0 ZXJpYWxzIG FuZCByZWR1 Y2luZyBlbm VyZ3kgY29u c3VtcHRpb2 4uPGJyPjYu IFN0cm9uZy BmaW5hbmNp YWwgcGVyZm 9ybWFuY2U6 IERlc3BpdG UgdGhlIGNo YWxsZW5nZX MgcG9zZWQg YnkgdGhlIE NPVklELTE5 IHBhbmRlbW ljLCBNeWVy cyBJbmR1c3 RyaWVzIGhh cyBtYWludG FpbmVkIGEg c3Ryb25nIG ZpbmFuY2lh bCBwZXJmb3 JtYW5jZSwg ZGVtb25zdH JhdGluZyBp dHMgcmVzaW xpZW5jZSBh bmQgYWRhcH RhYmlsaXR5 IGFzIGEgY2 9tcGFueS4=

VGhlIE15ZX JzIEluZHVz dHJpZXMgY2 9tcGFueeKA mXMgYnVzaW 5lc3MgbW9k ZWwgaXMgZm 9jdXNlZCBv biBtYW51Zm FjdHVyaW5n IGFuZCBkaX N0cmlidXRp bmcgdmFyaW 91cyBwbGFz dGljIGFuZC BydWJiZXIg cHJvZHVjdH MgZm9yIGlu ZHVzdHJpYW wsIGFncmlj dWx0dXJhbC wgY29tbWVy Y2lhbCwgYW 5kIGNvbnN1 bWVyIG1hcm tldHMuIFRo aXMgaW5jbH VkZXMgbWF0 ZXJpYWwgaG FuZGxpbmcg cHJvZHVjdH MsIHN0b3Jh Z2UgYW5kIG 9yZ2FuaXph dGlvbiBzb2 x1dGlvbnMs IHRpcmUgcm VwYWlyIGFu ZCByZXRyZW FkaW5nIHBy b2R1Y3RzLC BhbmQgY3Vz dG9tIHBsYX N0aWMgbW9s ZGluZyBhbm QgZGVzaWdu IHNlcnZpY2 VzLiBUaGUg Y29tcGFueS BhbHNvIG9w ZXJhdGVzIG EgZGlzdHJp YnV0aW9uIG 5ldHdvcmsg YW5kIHByb3 ZpZGVzIHZh bHVlLWFkZG VkIHNlcnZp Y2VzIGFuZC Bsb2dpc3Rp Y3Mgc29sdX Rpb25zIHRv IGl0cyBjdX N0b21lcnMu IEFkZGl0aW 9uYWxseSwg TXllcnMgSW 5kdXN0cmll cyBoYXMgYS BzdHJvbmcg Zm9jdXMgb2 4gc3VzdGFp bmFiaWxpdH kgYW5kIGVu dmlyb25tZW 50YWxseSBm cmllbmRseS BtYW51ZmFj dHVyaW5nIH ByYWN0aWNl cy4=

AI could potentially pose a material threat to Myers Industries’ products, services, or competitive positioning in several ways, though the extent of this threat may vary based on the specific context of the company’s operations and market dynamics.
1. Substitution: If AI technologies lead to the development of alternative materials or manufacturing processes that can replace the products offered by Myers Industries, it could create a substitution threat. For example, if AI-driven advancements in materials science produce cheaper or more efficient alternatives to plastic or rubber products, customers might choose those alternatives over Myers’ offerings.
2. Disintermediation: If AI provides customers with tools to bypass traditional purchasing channels, it could disrupt Myers Industries’ distribution model. For instance, if AI-enabled platforms allow end-users to directly access manufacturing processes or suppliers, Myers may face increased competition from direct-to-consumer models, which could erode its market share.
3. Margin Pressure: AI could increase operational efficiencies for competitors, enabling them to reduce costs and offer lower prices. If competitors leverage AI to optimize their supply chains, improve product quality, or enhance customer experience, Myers Industries might feel pressure to reduce its margins to stay competitive. This could impact profitability if the company is unable to similarly harness AI technology to improve its own operations.
While these threats are possible, the degree of impact would depend on how effectively Myers Industries adapts to technological advancements, its capacity for innovation, and its overall strategic positioning within its industry. The company may also find opportunities to leverage AI to enhance its own products and services, potentially turning the perceived threats into competitive advantages.

The sensitivity of Myers Industries’ earnings, cash flow, and valuation to changes in interest rates can be assessed through several key factors:
1. Cost of Debt: If Myers Industries has significant debt, fluctuations in interest rates can impact its interest expenses. Increased rates would elevate borrowing costs, which could reduce net earnings and cash flow. Conversely, if rates decrease, the company might benefit from lower interest expenses.
2. Investment Decisions: Changes in interest rates can affect Myers Industries’ investment strategy. Higher interest rates may lead to a more conservative approach to capital expenditures, as borrowing becomes more expensive. This can slow growth and negatively impact future earnings potential.
3. Discount Rate in Valuation: In valuation models, such as discounted cash flow (DCF), the discount rate is often influenced by prevailing interest rates. An increase in rates typically raises the discount rate, reducing the present value of future cash flows, which can lower the overall valuation of the company.
4. Consumer Demand: For a company like Myers Industries, which operates in manufacturing and distribution sectors, interest rates can influence consumer and business spending. Higher rates may reduce demand for products, impacting sales volume and ultimately affecting earnings and cash flow.
5. Economic Environment: Interest rates are often indicative of broader economic conditions. Rising rates can signal a tightening monetary policy which can slow down economic activity. If Myers Industries is affected by reduced demand in a slower economy, this can have a direct effect on both earnings and cash flow.
6. Currency and International Exposure: If Myers Industries conducts business internationally, changes in interest rates in the U.S. versus other countries could affect foreign exchange rates. This could impact the competitiveness of its products overseas, influencing sales and earnings.
Overall, while Myers Industries’ earnings, cash flow, and valuation are sensitive to changes in interest rates, the extent of this sensitivity depends on the company’s specific financial structure, market position, and the broader economic environment in which it operates.

QSByZWFsaX N0aWMgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgTX llcnMgSW5k dXN0cmllc+ KAmSBlY29u b21pY3Mgb3 ZlciB0aGUg bmV4dCAzLT UgeWVhcnMg aXMgYSBzaW duaWZpY2Fu dCBhbmQgc3 VzdGFpbmVk IGRvd250dX JuIGluIHRo ZSBtYW51Zm FjdHVyaW5n IHNlY3Rvci BkdWUgdG8g YSBjb21iaW 5hdGlvbiBv ZiBmYWN0b3 JzIHN1Y2gg YXMgaW5jcm Vhc2VkIGNv bXBldGl0aW 9uLCBzdXBw bHkgY2hhaW 4gZGlzcnVw dGlvbnMsIG FuZCBlc2Nh bGF0aW5nIH JhdyBtYXRl cmlhbCBjb3 N0cy4gV2l0 aCB0aGUgY2 9tcGFueeKA mXMgZm9jdX Mgb24gbWFu dWZhY3R1cm luZyBwbGFz dGljIHByb2 R1Y3RzIGFu ZCBhc3NvY2 lhdGVkIHNl cnZpY2VzLC BjaGFuZ2Vz IGluIG1hcm tldCBkeW5h bWljcyBjb3 VsZCBhZHZl cnNlbHkgYW ZmZWN0IGl0 cyBwcm9maX RhYmlsaXR5 IGFuZCBvcG VyYXRpb25h bCBlZmZpY2 llbmN5Ljxi cj5JZiB0aG lzIHNjZW5h cmlvIHdlcm UgdG8gcGxh eSBvdXQsIH dlIGNvdWxk IGFudGljaX BhdGUgc2V2 ZXJhbCBrZX kgaW1wYWN0 cyBvbiB0aG UgY29tcGFu eeKAmXMgbW FyZ2lucywg Y2FzaCBmbG 93LCBhbmQg YmFsYW5jZS BzaGVldDo8 YnI+MS4gPH N0cm9uZz5N YXJnaW5zPC 9zdHJvbmc+ OiBUaGUgY2 9tcGFueeKA mXMgZ3Jvc3 MgbWFyZ2lu cyBjb3VsZC BkZWNsaW5l IGlmIHRoZS Bjb3N0IG9m IHJhdyBtYX RlcmlhbHMs IHBhcnRpY3 VsYXJseSBm b3IgcGxhc3 RpY3MsIGNv bnRpbnVlcy B0byByaXNl IGR1ZSB0by BzdXBwbHkg Y2hhaW4gaX NzdWVzIGFu ZCBnZW9wb2 xpdGljYWwg ZmFjdG9ycy BzdWNoIGFz IHRyYWRlIH Jlc3RyaWN0 aW9ucy4gSW 5jcmVhc2Vk IGxhYm9yIG Nvc3RzLCBw b3NzaWJseS BkdWUgdG8g YSB0aWdodG VyIGxhYm9y IG1hcmtldC wgY291bGQg ZnVydGhlci BleGFjZXJi YXRlIHRoaX MuIE9wZXJh dGlvbmFsIG luZWZmaWNp ZW5jaWVzIG 1heSBhcmlz ZSBmcm9tIH RoZSBuZWVk IHRvIGFkYX B0IHByb2Nl c3NlcyB0by BkZWFsIHdp dGggdGhlIG Rpc3J1cHRp b25zLiBPdm VyYWxsLCB0 aGUgY29tcG FueSBtYXkg ZXhwZXJpZW 5jZSBhIHJl ZHVjdGlvbi BpbiBpdHMg b3BlcmF0aW 5nIG1hcmdp bnMgYXMgaX Qgc3RydWdn bGVzIHRvIH Bhc3Mgb24g dGhlc2UgY2 9zdHMgdG8g Y3VzdG9tZX JzIGluIGEg aGlnaGx5IG NvbXBldGl0 aXZlIGVudm lyb25tZW50 Ljxicj4yLi A8c3Ryb25n PkNhc2ggRm xvdzwvc3Ry b25nPjogV2 l0aCBzaHJp bmtpbmcgbW FyZ2lucywg Y2FzaCBmbG 93IGZyb20g b3BlcmF0aW 9ucyBjb3Vs ZCBkZWNsaW 5lIHNpZ25p ZmljYW50bH kuIFRoZSBj b21wYW554o CZcyBhYmls aXR5IHRvIG dlbmVyYXRl IGZyZWUgY2 FzaCBmbG93 IHdvdWxkIG JlIGFmZmVj dGVkIGFzIG l0IG1heSBo YXZlIHRvIG ludmVzdCBt b3JlIGhlYX ZpbHkgaW4g aW52ZW50b3 J5IHRvIG1p dGlnYXRlIH N1cHBseSBj aGFpbiByaX NrcyBvciBt YXkgZmFjZS BjdXN0b21l cnMgZGVsYX lpbmcgcGF5 bWVudHMgZH VlIHRvIHRo ZWlyIG93bi BlY29ub21p YyBwcmVzc3 VyZXMuIFRo aXMgY291bG QgcmVzdWx0 IGluIGNhc2 ggZmxvdyB2 b2xhdGlsaX R5IGFuZCBw b3RlbnRpYW xseSBpbmFk ZXF1YXRlIG xpcXVpZGl0 eSB0byBmdW 5kIG9wZXJh dGlvbmFsIG 5lZWRzLCBh Y3F1aXNpdG lvbnMsIG9y IHNoYXJlaG 9sZGVyIHJl dHVybnMuPG JyPjMuIDxz dHJvbmc+Qm FsYW5jZSBT aGVldDwvc3 Ryb25nPjog VGhlIGJhbG FuY2Ugc2hl ZXQgY291bG Qgd2Vha2Vu IHVuZGVyIH RoZSBzdHJh aW4gb2YgbG 93ZXIgcHJv Zml0YWJpbG l0eSBhbmQg Y2FzaCBmbG 93LiBBY2N1 bXVsYXRpbm cgZGVidCB0 byBtYWludG FpbiBvcGVy YXRpb25zIG 9yIGZpbmFu Y2UgbmVjZX NzYXJ5IGlu dmVzdG1lbn RzIGNvdWxk IGxlYWQgdG 8gaW5jcmVh c2VkIGxldm VyYWdlIHJh dGlvcywgd2 hpY2ggd291 bGQgbWFrZS BmaW5hbmNp bmcgY29zdH MgaGlnaGVy IGR1ZSB0by BlbGV2YXRl ZCByaXNrIH BlcmNlcHRp b25zIGZyb2 0gbGVuZGVy cy4gQW4gaW 5jcmVhc2Ug aW4gd29ya2 luZyBjYXBp dGFsIHJlcX VpcmVtZW50 cyB0byBtYW 5hZ2UgaW52 ZW50b3J5IG FuZCBhY2Nv dW50cyByZW NlaXZhYmxl IGNvdWxkIG Z1cnRoZXIg cHJlc3N1cm UgZXhpc3Rp bmcgcmVzb3 VyY2VzLiBP dmVyIHRpbW UsIGlmIHRo ZSBlY29ub2 1pYyBjb25k aXRpb25zIG RvIG5vdCBp bXByb3ZlIG FuZCB0aGUg Y29tcGFueS BpcyB1bmFi bGUgdG8gYW RhcHQsIGl0 IGNvdWxkIG ZhY2UgY2hh bGxlbmdlcy BpbiBzdXN0 YWluaW5nIG l0cyBjYXBp dGFsIHN0cn VjdHVyZSwg cG9zc2libH kgbGVhZGlu ZyB0byBhc3 NldCB3cml0 ZS1kb3ducy BvciBhIHJl ZXZhbHVhdG lvbiBvZiBp dHMgbG9uZy 10ZXJtIGFz c2V0IGJhc2 UuPGJyPk92 ZXJhbGwsIH RoaXMgc2Nl bmFyaW8gY2 91bGQgbGVh ZCBNeWVycy BJbmR1c3Ry aWVzIGludG 8gYSBwcm9s b25nZWQgc3 RhdGUgb2Yg ZmluYW5jaW FsIGRpc3Ry ZXNzLCBjaG FyYWN0ZXJp emVkIGJ5IH RpZ2h0ZXIg bWFyZ2lucy wgY29uc3Ry YWluZWQgY2 FzaCBmbG93 cywgYW5kIG Egc3RydWdn bGluZyBiYW xhbmNlIHNo ZWV04oCUaW 1wYWN0aW5n IGl0cyBncm 93dGggcHJv c3BlY3RzIG FuZCBzdHJh dGVnaWMgaW 5pdGlhdGl2 ZXMgaW4gdG hlIGxvbmcg cnVuLjxicj 4=

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3Mvc0 YyWHpLTGlI OEFjYlZvZH EwV0kud2Vi cCIgYWx0PS JNeWVycyBJ bmR1c3RyaW VzIiB0aXRs ZT0iTXllcn MgSW5kdXN0 cmllcyIgIG NsYXNzPSJp bWctZmx1aW QiIGhlaWdo dD01MCB3aW R0aD01MCBs b2FkaW5nPS dsYXp5JyBz dHlsZT0nYm 9yZGVyLXJh ZGl1czogNn B4Oyc+Cgog ICAgICAgIC AgICAgICAg ICAgIDxkaX Ygc3R5bGU9 J2ZsZXg6ID E7IHRleHQt YWxpZ246IG NlbnRlcjsg bWFyZ2luLW xlZnQ6IDVw eDsnPgogIC AgICAgICAg ICAgICAgIC AgICAgICA8 cCBzdHlsZT 0nZm9udC1z aXplOiAyNn B4OyBjb2xv cjogIzMzMz sgbWFyZ2lu LWJvdHRvbT ogMTVweDsn PgogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg 8J+TiCBXYW 50IHRvIHJl YWQgbW9yZS BhYm91dCBN eWVycyBJbm R1c3RyaWVz PwogICAgIC AgICAgICAg ICAgICAgIC AgICA8L3A+ CgogICAgIC AgICAgICAg ICAgICAgIC AgICA8YSBo cmVmPSdpbm RleC5waHA/ cGFnZT1zaW dudXAnIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGJhY2 tncm91bmQt Y29sb3I6IC MwMDdCRkY7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBj b2xvcjogI2 ZmZjsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH ggMjBweDsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGJv cmRlci1yYW RpdXM6IDVw eDsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IHRleHQtZG Vjb3JhdGlv bjogbm9uZT sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG ZvbnQtd2Vp Z2h0OiBib2 xkOwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgbWFyZ2lu LXJpZ2h0Oi AxMHB4Owog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgdHJh bnNpdGlvbj ogYmFja2dy b3VuZC1jb2 xvciAwLjNz IGVhc2U7Jw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgb2 5tb3VzZW92 ZXI9J3RoaX Muc3R5bGUu YmFja2dyb3 VuZENvbG9y PSIjMDA1Nm IzIicKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIG9ubW91 c2VvdXQ9J3 RoaXMuc3R5 bGUuYmFja2 dyb3VuZENv bG9yPSIjMD A3QkZGIic+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBT aWduIHVwIG ZvciBmcmVl CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDwvYT4K CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxzcGFu IHN0eWxlPS dtYXJnaW46 IDAgOHB4Oy Bjb2xvcjog IzU1NTsnPm 9yPC9zcGFu PgoKICAgIC AgICAgICAg ICAgICAgIC AgICAgPGEg aHJlZj0naW 5kZXgucGhw P3BhZ2U9bG 9naW4nIHN0 eWxlPScKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGNvbG 9yOiAjMDA3 QkZGOwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgdGV4dC 1kZWNvcmF0 aW9uOiB1bm RlcmxpbmU7 CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBm b250LXdlaW dodDogNTAw Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBsb2cgaW 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9hPg oKCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxwIH N0eWxlPSdt YXJnaW4tdG 9wOiAxNXB4 OyBmb250LX NpemU6IDEz cHg7IGZvbn Qtd2VpZ2h0 OiBib2xkOy Bjb2xvcjog I2QzMmYyZj snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Ag8J+TmCBD bGFpbSB5b3 VyIGZyZWUg ZUJvb2s6ID xpPiJUaGUg Q2hlY2tsaX N0IFZhbHVl IEludmVzdG 9yIOKAlCBB IFNtYXJ0ZX IgV2F5IHRv IFBpY2sgU3 RvY2tzIjwv aT4KICAgIC AgICAgICAg ICAgICAgIC AgICAgPC9w PgoKICAgIC AgICAgICAg ICAgICAgIC AgICAgPCEt LQogICAgIC AgICAgICAg ICAgICAgIC AgICA8ZGl2 IHN0eWxlPS dtYXJnaW4t dG9wOiAxMn B4OyBmb250 LXNpemU6ID EzcHg7IGNv bG9yOiAjND Q0Oyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBTaWdu IHVwIG5vdy BhbmQgZ2V0 IG91ciBmcm VlIGVCb29r IAogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg PGI+VGhlIE NoZWNrbGlz dCBWYWx1ZS BJbnZlc3Rv ciDigJQgQS BTbWFydGVy IFdheSB0by BQaWNrIFN0 b2NrczwvYj 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9kaX Y+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIC0tPg ogICAgICAg ICAgICAgIC AgICAgICAg ICA8IS0tCi AgICAgICAg ICAgICAgIC AgICAgICAg IDxkaXYgc3 R5bGU9J21h cmdpbi10b3 A6IDE2cHg7 IGZvbnQtc2 l6ZTogMTRw eDsgY29sb3 I6ICM0NDQ7 IGZvbnQtZm FtaWx5OiAt YXBwbGUtc3 lzdGVtLCBC bGlua01hY1 N5c3RlbUZv bnQsIFNlZ2 9lIFVJLCBS b2JvdG8sIE hlbHZldGlj YSBOZXVlLC BzYW5zLXNl cmlmOyBsaW 5lLWhlaWdo dDogMS42Oy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BIYXZlIHlv dSBoZWFyZC BhYm91dCBv dXIgc2hvcn QgPHN0cm9u ZyBzdHlsZT 0nZm9udC13 ZWlnaHQ6ID YwMDsnPkRh aWx5IFZpZG VvIE5ld3Ns ZXR0ZXI8L3 N0cm9uZz4/ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICA8 YSBocmVmPS dodHRwczov L3d3dy5pbn NpZ2h0ZnVs dmFsdWUuY2 9tL25ld3Ns ZXR0ZXIucG hwJyB0YXJn ZXQ9J19ibG Fuaycgc3R5 bGU9J2NvbG 9yOiAjMDA3 QkZGOyB0ZX h0LWRlY29y YXRpb246IG 5vbmU7IGZv bnQtd2VpZ2 h0OiA1MDA7 IG1hcmdpbi 1sZWZ0OiA2 cHg7Jz4KIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BGaW5kIG91 dCBtb3JlCi AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICA8L2 E+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwvZG l2PgogICAg ICAgICAgIC AgICAgICAg ICAgICAtLT 4KICAgICAg ICAgICAgIC AgICAgICA8 L2Rpdj4KIC AgICAgICAg ICAgICAgID wvZGl2Pgog ICAgICAgIC AgICA8L2Rp dj4KICAgIC AgICAgICAg CiAgICAgIC AgCiAgICAg ICAgPHNwYW 4gY2xhc3M9 J2JsdXJyZW QtdGV4dCc+ CiAgICAgIC AgICAgIE1T NGdUWGxsY2 4gTWdTVzVr ZFhOMCBjbW xsY3lCM1lY IE1nWm05MW JtUmwgWkNC cGJpQXhPVC BNeklHSjVJ RXhsIGIyNW hjbVFnVFgg bGxjbk1nWV hNZyBZU0J3 Y205a2RXIE 5sY2lCdlpp QnkgZFdKaV pYSWdZMiBG eUlHMWhkSE 11IFBHSnlQ akl1SUYgUm 9aU0JqYjIx dyBZVzU1NG 9DWmN5IEJt YVhKemRDQn QgWVdwdmNp Qm5jbSA5M2 RHZ2djR2ho IGMyVWdiMk 5qZFggSnla V1FnYVc0Zy BkR2hsSURF NU5UIEJ6SU dGdVpDQXgg T1RZd2N5Qm hjeSBCcGRD QmxlSEJoIG JtUmxaQ0Jw Ym4gUnZJSF JvWlNCMCBh WEpsSUdsdV pIIFZ6ZEhK NUxqeGkgY2 o0ekxpQlVh SCBKdmRXZG 9iM1YwIElI Um9aU0F4T1 QgY3djeUJo Ym1RZyBNVG s0TUhNc0lF IDE1WlhKek lFbHUgWkhW emRISnBaWC BNZ1pHbDJa WEp6IGFXWn BaV1FnYVgg UnpJSEJ5Yj JSMSBZM1Fn YjJabVpYIE pwYm1keklH RnUgWkNCbG VIQmhibSBS bFpDQnBibl J2IElHNWxk eUJ0WVggSn JaWFJ6SUhS byBjbTkxWj JnZ1lXIE54 ZFdsemFYUn AgYjI1ekxq eGljaiA0ME xpQkpiaUIw IGFHVWdNVG s1TUggTXNJ SFJvWlNCai BiMjF3WVc1 NUlIIE5vYV daMFpXUWcg YVhSeklHWn ZZMyBWeklI UnZJSEJzIF lYTjBhV01n Y0ggSnZaSF ZqZEhNcyBJ R2x1WTJ4MV pHIGx1WnlC dFlYUmwgY2 1saGJDQm9Z VyA1a2JHbH VaeXdnIFlX ZHlhV04xYk ggUjFjbUZz TENCaCBibV FnWW5KbGQy IGx1WnlCbG NYVnAgY0cx bGJuUXVQRy BKeVBqVXVJ RTE1IFpYSn pJRWx1Wkgg VnpkSEpwWl hNZyBkMlZ1 ZENCd2RXIE pzYVdNZ2FX NGcgTVRrM0 1DQmhibSBR Z2FHRnpJR0 psIFpXNGdi R2x6ZEcgVm tJRzl1SUhS byBaU0JPWl hjZ1dXIDl5 YXlCVGRHOW ogYXlCRmVH Tm9ZVyA1bl pTQnphVzVq IFpTQXhPVG d3TGogeGlj ajQyTGlCVS BhR1VnWTI5 dGNHIEZ1ZW VLQW1YTWcg YUdWaFpIRj FZWCBKMFpY SnpJR0Z5IF pTQnNiMk5o ZEcgVmtJR2 x1SUVGciBj bTl1TENCUG FHIGx2TENC MGFHVWcgY2 5WaVltVnlJ RyBOaGNHbD BZV3dnIGIy WWdkR2hsSU ggZHZjbXhr TGp4aSBjaj QzTGlCTmVX IFZ5Y3lCSm JtUjEgYzNS eWFXVnpJRy A5M2JuTWdZ VzVrIElHOX daWEpoZEcg VnpJRzF2Y2 1VZyBkR2ho YmlBMU1DIE J0WVc1MVpt RmogZEhWeW FXNW5JRyBa aFkybHNhWF JwIFpYTWdZ VzVrSUcgUn BjM1J5YVdK MSBkR2x2Ym lCalpXIDUw WlhKeklHRm ogY205emN5 Qk9iMyBKMG FDQkJiV1Z5 IGFXTmhMan hpY2ogNDRM aUJKYmlCaC BaR1JwZEds dmJpIEIwYn lCcGRITWcg YjNCbGNtRj BhVyA5dWN5 QnBiaUJPIG IzSjBhQ0JC YlcgVnlhV0 5oTENCMCBh R1VnWTI5dG NHIEZ1ZVNC b1lYTWcgWV NCd2NtVnpa VyA1alpTQn BiaUJGIGRY SnZjR1VnWV cgNWtJRUZ6 YVdFZyBkR2 h5YjNWbmFD IEJwZEhNZ2 MzVmkgYzJs a2FXRnlhVy BWekxqeGlj ajQ1IExpQk 5lV1Z5Y3kg QkpibVIxYz NSeSBhV1Z6 SUdoaGN5IE JoSUhOMGNt OXUgWnlCam IyMXRhWCBS dFpXNTBJSF J2IElITjFj M1JoYVcgNW hZbWxzYVhS NSBJR0Z1Wk NCb1lYIE1n YVcxd2JHVn QgWlc1MFpX UWdaVyA1Mm FYSnZibTFs IGJuUmhiQ0 JwYm0gbDBh V0YwYVhabC BjeUJ6ZFdO b0lHIEZ6SU hKbFkzbGog YkdsdVp5Qm hibSBRZ2Nt VmtkV05wIG JtY2daVzVs Y20gZDVJR0 52Ym5OMSBi WEIwYVc5dU lHIGx1SUds MGN5QnYgY0 dWeVlYUnBi MiA1ekxqeG ljajR4IE1D NGdWR2hsSU cgTnZiWEJo Ym5rZyBhR0 Z6SUdFZ2JH IDl1WnlCb2 FYTjAgYjNK NUlHOW1JRy BkcGRtbHVa eUJpIFlXTn JJSFJ2SUgg Um9aU0JqYj IxdCBkVzVw ZEhrZ2RHIG h5YjNWbmFD QmogYUdGeW FYUmhZbSB4 bElHUnZibU YwIGFXOXVj eXdnZG0gOX NkVzUwWldW eSBhWE50TE NCaGJtIFFn YzNWd2NHOX kgZEdsdVp5 QnNiMiBOaG JDQnZjbWRo IGJtbDZZWF JwYjIgNXpM Zz09CiAgIC AgICAgPC9z cGFuPgogIC AgICAgIAog ICAgICAgIA ==