0000000000-18-038764.txt : 20190222
0000000000-18-038764.hdr.sgml : 20190222
20181220112815
ACCESSION NUMBER: 0000000000-18-038764
CONFORMED SUBMISSION TYPE: UPLOAD
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20181220
FILED FOR:
COMPANY DATA:
COMPANY CONFORMED NAME: INTERPUBLIC GROUP OF COMPANIES, INC.
CENTRAL INDEX KEY: 0000051644
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING AGENCIES [7311]
IRS NUMBER: 131024020
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: UPLOAD
BUSINESS ADDRESS:
STREET 1: 909 THIRD AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 212-704-1200
MAIL ADDRESS:
STREET 1: 909 THIRD AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10022
FORMER COMPANY:
FORMER CONFORMED NAME: INTERPUBLIC GROUP OF COMPANIES INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: MCCANN ERICKSON INC
DATE OF NAME CHANGE: 19710715
PUBLIC REFERENCE ACCESSION NUMBER: 0000051644-18-000019
LETTER
1
filename1.pdf
begin 644 filename1
M)5!$1BTQ+C4-)>+CS],-"CD@,"!O8FH-/#PO3&EN96%R:7IE9" Q+TP@,S,R
M.#DO3R Q,2]%(#(X,S V+TX@,B]4(#,R.3DT+T@@6R T-34@,30X73X^#65N
M9&]B:@T@(" @(" @(" @(" @(" @(" @#0HQ-B P(&]B:@T\/"]$96-O9&50
M87)M7!E+UA2968O5ULQ(#(@,5T^/G-T('$UWX&)D:&&2 E#(Q,_QEW_P<(, "0M@?@
M#0IE;F1S=')E86T-96YD;V)J#7-T87)T>')E9@T*, T*)25%3T8-"B @(" @
M(" @#0HQ.2 P(&]B:@T\/"]&:6QT97(O1FQA=&5$96-O9&4O22 X,R],96YG
M=&@@-CDO4R T.#X^/
MI5,,# <%LP(# @-C$R(#7!E+U!A9V4^/@UE;F1O8FH-
M,3(@,"!O8FH-/#PO1FEL=&5R+T9L871E1&5C;V1E+T9IO?)P]@K]TP?XN PAC",,(
MD@)>BV)+X)V$N]G=[''V=CW#>U% 89W.7%C@L_C/^W5]TWXH?$;YQ_YS9X^0
M&I= Y#J('7CXO2YFKS\0( B4S>:OUG];D,&C7DCLLSYQZ.C9=SSAQ88KH.X5
M?LBR/3RMO['ADFTOE9_Y0GW'G_;ELCF7(2F$;NR0$>#-3@EMY'Z'/M\PI62>
MG_.%9X/8.R-KQ4LA%?PI$@[?%-0I]%7FDKJ+H(K2_C)QP#"URQ/C -ZIBZ@@T?%:)$QA13_:9>7>]
M>7<(AART%J[XWK0FNC^"#P)G.6GBU\3(NE<$/X+P8B>>@(!;Z8#KDH4;ALOP
M0B[YM*?HYW)I7/8^"[XY(M4>\OXK&N;#MISWMG$[?3UDM3264THR5^G6.S#<\%QRY&/!T8OL]"O4)
M':SYS5AB=$U;(E12%=JP,K%=8-\08CBJ1=L.NR,:7I\9:[-YW;K8Q&:J^]H$
M\K A_;<46IL)&A.4C]VA,
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M/J#W=M4R\)LP)N>VKJ^&:&\QF9)=^PYW
M#DU 9&V*XSRMEYTZ:17?,F77HY':;AWLYRI@.['3(1,E*A(L!UQ&#&_')J:%
MXCFS"Q3N3IA\F-$O6!YL#XB"2\/Q7[MJ2$X-"F5N9'-T7!E+TEM86=E+U1Y<&4O6$]B:F5C="]7:61T
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MO_O]'AT#[2)VP!?#0T2=<91L)!J("H:(B(B(B(C(#^;]_?WY^3G5@/O[
M^SY")I$HTG B"@\=-V(OZOG]^_=R$$.BGI[8]_'QD:](
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M@BWO[^\I%V29S%O:6#ADN,[8Z_[ (B(B(B(B(G\_L<9_>'C UJ)9SL=*/\TP\BO,&] 6EN*U
MD1)$"@AKVD74$Y508?J;1&$L(M+08BG:11ZNDH8<'"C-,#+^YQIY7M'X8611
M$1$1$1$1$?D;P'0!PXFA&T6J$.D8PDJ_Y@?)6)HI+Z3^T&@7F2Z$2@B=P;_8
M;]S?WQ/&,XNESTC5+LAL$A_2P(-(H7E%)"K?GN]51$1$1$1$
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MR"9Q(OBJ;.U3$1$1$1$1$;D1Z7RQ%M@AM0LT@29:18E^">3;G$H>CPL<#[)6.*FQ!A
M&@;\%!$1$1$1$9$O(F-6K(7E7$I,RZ%\\?CX&%NJAD @S=@2Q:KU OE/XZOT
MUT S28GCY,*Q<"WAU%*@B"UI4U%KJ($ZJTJ#=D'X
MT/R6X)_#Q*PB(B(B(B(B62 Y(!^E_401554-A$":L05+B?B+YT@4N'G"
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MS+2"?$%8C#]U:B(B(B(B(B+_.GUP3E;WO+
M[*7X353JPKQ"Q Q$CW]ZG1ZGCP<-Z47J]O0!R=YH)!J2L:;9!AO1NK=&
MQA 1D>_AHW"R0%]F_NW)0PR_XF7!QP;>#ZPU9HT^.]BD\,9NG$"N\)<#,Z%U4'=\O,@Y0KQ.=GR<0A/BKT*WZ891A9(7YOL9#;6OA41
MD:_FXR#%[P^LA1["4@X:A1D1.[\=FL_50S0%UHX>U1(;:@O9I%K;G"9&=',6
M?>&8 PS#<9^$F%<9%*O::E)G;09O.BYH?^Z>!8:MW5Y_6IPNQY<+6_9J'&S9
M-TYSWWG7$J8[;H8U&4=$1$0V@DM(3K&(Y!#C[]N!V)[6 CB#[ _S,=PHTMX
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M2=1?>/["*8!62>^$KA.1+6I!E05(J8?
M4;*>6AX7VX_)9GQ@I/YCI_$GP%BW
MF;A&7Z5P@=5QSJQR&L.T.><\\<' %R(BW\9MM8MA/>=J%TO)155K&!:K)1L;
MDK7(#(W^4+6+WMLBOL4A="+.]*3+Y'XE^QAUUL,UU5:UO^FWO@%Y.*[4L*O[
MO?*D>E^>^F]J%W3^QEZ=M&0YNJ(,-181$1$YR<.LS&IR,D8AITU/2A"
M!ZI%>JUB(_I_$RX29C@U^:1VL7UN0^2KO&1#8Q5>"6VL4$1$1"HQ*+.:YE\F T$.[CEV8_"9OIPY
ME<+?Y'\K7$!C?=$X_.(OS!;F,\3XJA,;"IPU\Q01D#G<)EK_._7+G8E
M.&2R]F9ABW:Q=*X3G*WJ.
MB(A\#S?4+I;/8V6. O]#[6(I&4+ONARI=?V^)E]LU"[2N+$F(I_'FDB^5+M8
M#E.CWGBU0?E"1$3D+!J3B;>WMSH32VJTKCJ!P413'X=*3@5S6L($ABXEL.=\
M^H=)AG*0B,B7X^C1+23R
MB'KJ7&*MMHW:!:VB;]^/Y.G,HUZ;O=GG"_)3\H+6[0+$HO/F8RA7Q>K$R8]
MD#$Z'.5%1$2VPQNB')&9<57WD":1.DORG*=A3N!;@R%,3E*F2.4G\\S.0419A)K8UG-O[E1NU@Z^>*?UBZJ]C[Q\FB(><5$$\@SFDA&)[6+K&3?
MD9T_Z8HOU2YBE&^F3Q5,*X=WCHB(B Q!B$B3Q?@W1G!,+JN1 E2[U(/Z8=!.$9$O(G,_[8Y. 1]'>&+7;_O=
MU[2+961]\0=]1AI/A]K:JETP?"?1.;&E1MV<+_,3E <"MR\2*
MXZ1VD0647RIHJ2U835MS\B(B);8/Z0
MHS81.PG]34:,ZC]"=K"T&6!6UHSX.<3C2/)_4S!P[(W98YTI9=;4C374:0QO
MNS2]$!'Y.IH0E_GNOH9E6'/TFV@7RRC,]=JAOR%69]+83E3MXNZ0S#1IM)?M
M"^U&MR%!:M^K$\N$D]I%1A%9DR8:%]>>F\3J3&KDBNI^NRLI8IO3WV[$(B(B
M\C^'L37SB>0K#"#(9&. L3O&E<)@HUE3XQ,1&V-?9!!F)O^'H3E?ST&U/2,QQ#
M,QW);CHZGTSV6GNUCON\R%CK6!QR_P^S(Q$1D9O 6CL'=,P[L6SD;U-R=YR>
M90;/-1-9YGCQ]^'A@1E.3
MC/P^\$WG(R+ROX2Q+T:KAR/Q,(]_&?6&NZ2;),6&9:@3&@$$^T:^FB@#%Q2;
MTZR:X_.D<+1YT@-S>--1>Y4NQ3%GOB_JQ[#?EH-VD=^N*0"U3-]O]:PGCIGU
M$D\@ATA_4OC(T.?T0+J0S$]?1$1$$MX6I8EC?87Q/'H5POL+K%6?#S$R(B(C^#G_J"1D1$Y(]#I(LF_T4UYFQ6RE@_\@9ADA257'+(%\2M(K5]
M_.40!-/XCC/\8J)#,"F)L\N^2HN4X#TZOV$QB
M6C T[?A7B'//^.'1=4]/3\]'CQA\C==BJ='/U9TD Z'WMJ9H'>DV0M0+L\"+
MB(B(B(C(_X27EY<:3H%P6*RX8XW+CL8QAT@C_Y#:(R(B(B(B(G(9O.O/I!BQ](X5,685?12+
MFNUBO]]'R2V'P+6$13U!,VJ2=U;]F30MMO_-\D6<.XX>1!F-=B+@$/4B&A_=
M\G(@$ZR2WODBZB9-.N$N<"W(C.HXF<1V__"_"/XN:3_
M2W07P@)MQK"$""$4JYXX$S"]R. 56%G0,[L1&
MP2&Q*&@B<_+V/];@\3==2S9&NDBP[HB]6.93+38>42UA)SD$?B4L_/^J53FM
M(J8HC40ZR([""@)'&'Q)-L;2Q%4D#5J ;JD7@IH)<)K6%_-8H"(B(B(B(B+_
M.B@)*4&0A3-H5$3#B=- 9MFL[3<*1Y7 MT@"&T*;Y51R""[$7R'% 26&A?<#C"2^(J4D->H%K@:A$'S;B=
M?X-\0=A2S"JP>2 &!685:1J!?(&JD-$PMA\%.2AJXQ+@O(,2T@@@\2\MX5^L
M0?Y"_QH1$1$1$1&1ZR'#R%P9B)5R%$"LP$*#Z)0GTV>LD085^3==+>(K#A2?
M40#0"OYL[E2$B\P;DJXBT50<9]*A(Z68"PPA,N,J9\JQ^CB?A->HAXB+:+81
M$1$1$1$1^:G@Q)$Q)6(5C.5#3<=)!A#L)?!H0'PXF3YC#0P,8@T>]6"T@#*
M6$&&UFK,D!^V+\_)5?I:N,PL(2TNB,9Y?W__< #A E>.C! 2_Y)"97N8BX8,
M";(<[2XPNN!<:K3C,N<7+)GZ%MTI/Y?^'=C0A,1$1$1$1&1?P@L!#)O
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M%G"3H7!4FZX>"GG!Q%%,ZAPK16+#E0+[ 4J7Q'\ECH?88
M\D)$1$1$1$1^$E@(\#D=1E /^.KM"+$ZE\.BGM@.UQRW^HSD$3&W((Y$OT(G
M!RB-9-^L#44BML0'#!)2=NA]*+"F.!F, E6'?B!S:Z.E[(Z!.'!OR0]IE7&Q
MAA [CD$I&V(13
M7!:(,L&,(2K$.27=1A EL#2H)A]I]8%-PNYS0(EJ(U&%A?@[/#I95$XV+\-<
MY$$K6%FDEH)\0;A.S$BNZ1^JQ:""Z"(H,_&Y"7^1\2Z6HT>,(2]$1$1$1$3D
MQ\"BF*4NI@LX@_3K=$"[P"[BRI?[&;P"&8$Z,ZM(-?RH_B.80&1PC+I(IQBZ
M1\;Y3'>8!D)53.PBD [2H28M'U*F0,G!.H*4*-%4C$;8ZTIM![L4M)=H9]2/
M?%0O31R1]*FY%SXU%^12$1$1$1$1$?D[J8$K8PD:?R 8\[NF"DU4YRD>!)=$>?;RR_XSEQS:)%_!4.[
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M=G.]>DY>\2VDUZ9LMMV??>I W][Z@OW-PADSN*TV%F6/N!GMPR*^N'SHU/R-HS)X\U'!GQ
MX)X?I>_;2?FF22?/741D"^0AY3->$HQ9^;#-YU(\Z"AYJX5Y5I5^%JQ$L*D@
M&2A&#E738*G"LGWNMS+7+I9#<(^H86U02P\4?$9JO(M4*K)M^>3'$(*]-J9A
MG8!%"MT>-2-B8%Y"3,YJ$I-Z!8.FX3KECT"PES6G,WXL^4MI]HV?3/VQ;V%-
MNZ 9S6^DDM%I^LEJ[-L_SB=S*L- _MNLM$_JVWQ_!,TZMQ
M E<\#GKQE+ZFW-I(WLE]*J[FNG.QF@)]AV"K.6\&I]DO7IH?^\3/D=C:V6\G
MYQY1U?"L)SW9_(@FN[P<CB:Q,2U-?F<)/92_,['1;N>V_^#&^BK_>W8ARB?X/6P^N_R34B=MS'
M@6%7G'Q"DO"NKX'[+4O&@2::XOYC; R )S=>?8:<_!F*B&R!(3LG+2S&
M,1ZH3R<\./)1R=AQJ]?ZC4\*,SH^8W>!_ER?DSDS.3DCG3Q763JE2T@/9B'T
M!N-%TTY,'6J\"UZO(*K,@VELA#/%.(3Y\+[+O5(O$Z,58_'URHG(N?3KJ;LC
MS>W*+[V?7S53TY,,?[_]TBQ;TM+N^81-V>HIM9*FL7R
M]=K%\EF:&#XPF^G]EK-HKFR_0ME-K\B5+^F:T,I;ILW->B=.8=*&O$O7$F%O
MOR@HY)<-%F?=6DT_- )+KUE5!6#8@4-=;O)[[RNIM\3\-43VYWY#.T*[D8SKLGONJEA\H-JM*;)
M&Z7E\STS;-*P][9K%VMOQ/(AN=;5_46?_!9ZB]_A2+%V(8:=607;M;GQ]CMS
M36[JVSF9AU=S96>D(G(3F+WDDR<>[_EX2>/MU('SX<_R^2;:!=$VL)],T[(T
M-B#52%4SF-/FL_>DN>:NF[=@J8N*SOQV$KB#02W:@U5V>HOLCF\B4DE K\#&
MDK.X.Z1SO;)_T$\83"=OV1#S\V0Y<2WTY/NI$TM>WV >SP^\>=TSG//4141F
M#EICN"!J%J%WAV1&&%?0$F+Y9H'A\O.+M(O[$/&X(HT;ZBO=WEK; :V+'C[=[7[0W[P8>'MV@6WW]-G
MFI#+:[^%D]1;ZX(?"^/O\-+7*SX\QT;Z8*!\.;K#\"NKISEVBZ3U>2M:C-(T<_O"'&LOD>N49J5V(R$U@?I*CR>39$H^F
M7(S?)%!GK1:/R("S0/Q+C*Q2#Z?UR:-P .V'X881!AH,KWI9&*3HRH#
M4'WL8][,V$U3]P=W&^PG;Q(M,V=!7".&C/W1$;5?'7 %AZ*-R%=3IT:3]0(3
MVK4I8DZ&M\QV<"YNVM"\39Y8_O.H&1[E*[2+*+!62;/>:8XXUR[Z7WI][]P_
M)V/WIOZSM(LM3[;&V[HN)2:+")ZH*Q-I9J?S$GM97AQY]05*.G;AL5P9!C^*IN;9ZV&^G@9
M_OQ[[6+M?NY7S1NUB[62&8.]GL@%VD4]A34=DM\"1A>]QT?>5!.3W?3-&=[/
M<^VB>2I.W%[V4W_)-4O"-;4D.TWM0D1N L^Z#-0Y<9'C$<3#!Y^[FS2 .<=!7#&>\U>5U
M [8B^H,OYF:3K2+(7/M8G[HFV@7?7MR]TEX9 YT0Z.+&BOIY )P+<+ T/KB
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MF&"L)!+4Y#T.Q9A<76:$+'(Q=>Y4+:6'83G7;N,MVL7D)>_=.-GA"O0=J<*3YD+$4[0(WO>;!WMP#M](NJG1P
MP?1^BW:Q1>MN1M[\,!S%ZMUXY4A7M8N\&7JV+^3S3J-A)V,4)'E!?QW"@->K
MWT@0$^VB<1RX9K&V\92O%ZPN-G/:KE0OG25/M]X 5VH7U1>C'_N&E[)Y0N)^=>X350RG&5 /WQUAR5S3,%Y,[L%?\;,S,(121. 1<>MTGST>5JQQ^[!L)//
MQ!>]20-$-M*G5^"GRD]X7[*P;5S"$X2_(>[SB;UKG?Y=>NXIL]U5:.?=S#!"5;2Z+T,0JY/'Q"
MSI]@N6_3+>?>F1ME$-RNF^A2]4>A=B$B-X>G,9\Q7FWF"16>2$RT+O#,C>%F
M.$KRD"2 ZN2*I@WJR&<)O@\'+5YKO8'ZM]C,CO%2X63&D[5JIE'CK $NTC=
M Y\1##/HT@OZ9PWF5 P??:Z35)9R"\,NKC=7OL$4.9G_=L"7/R,87#2(/S%G
MJC07M(\)F?+%1+N8]PP&)!M[9F.>D"A/J$W++>56#NN9"5.TB77%W
MY;=3E_88)&S7+E!$>].+/"@SI2NUBV5SABRTEW[WC5EQF7 .+]E7V1D6E&4V3.53F:0&8HJ/D^AD,,"X&TT_LX>!:+REC!/GV4^(GGS
M=*U#'J\Y\CE,.VED!NI,)>'D4YJY\9:N2]..Y3CE>#[$KX8F<4..]4A :A?R
M_&JZH?K%V3U5Y.3?.[=5K\YJ1I9#^23F>1N]2%YF7:18U,-QKEH$-7Z1=K%G"8V\P"5GP]V@7:SXC
M!%*>'X@G& XFB,9T13]=OTQZ6EM4;HFD-U3%UZPO;JA=5,'M7&?,DSXCP\"
M/1^?(W;FF0X+WV3E"_6@0[>(O+M..OZD0M4L+9O8#FNF%\,+VDMVT&&VL4R,KED
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M0CE,\*XM5>@Z?C6O&-*\(0-$XY>1@PZV![R+
M:=Y=IK-)?FBH!78KI O)W='YND8O9]91XW)4YIW#1"A%F/3XF(QB5;M8CNXV
M=8(TW%?M0OX4)Q\.U;&WGX!=.=NIL[LM;YS1'OOMM1F3GV=])SA<8GQ,8W76
MKIBLUO\)[>(D)Z_FR$R[:*W>ZF/LNNUBRV.
MP',CJW.?D,VW<[/#VI_S9WC5ZWJA8Z)=+.L!K]0N1.16L Q?CGGEUNP/F3FD
MX^&YVD4Z9>1ZGX&L/N>9+Q%S@_12F=.S.GP]U>M-/?L[5+IJ;O%EH3 (_XGO%;["?<]9&3BRI3B[BYMI%4\/:Z\M_
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ML/)K/R72N;NAXUVD3W9VYWN
MRN)([4+^"/P\?QW"R_1&7/%KJF:EPR=)U2Z>#Z%O)J!P-C4T+^S0%5'\>/6)
M$-I,Y)I*FM"%1+RI/R@>.XU.TG?(2>WBXW-VO.'\_Z_2+J(E\XO"56X:R:H!
ME?6IRQ5XF4%U)?MPS=CFXW-(AW[5.=1)_YWF!2MO-S)_=U3%F_IZCOU(=Q/M8FVANE9FZ"5Q,H#)
M, W$\'!]SS1/PH]C.*!?ZVX4C6,.'K7SBWM!%++&EZJ_@LU=VG1^(R_D%([6
M\GJEL8=96^T.^Z%Z>=1?Q\7:15V_-\_\*[6+O$49^_ITSTUD]7XLJ$_('+!J
MR^L3C) +1& (HUK\^^)Y,7K_1J:AWUH(UE:4.O7(?
MURYVGT,B#.G7&LV#:W)C[,Z/LYJ3]GGG-!%'U_QW)I7TGBDGM8O=YWNOOW-V
MYWC0-YR5PF;W>;U6Q9Q>.6F6I$JFY"4DQ H^YKV*)=+-W#
M0>U"1&Y%]7'(YQZ+:_C5^=:=FV<$(3=#7]X=")?RO!%VY#]P7U@6,E-M(NX\YOW^$/B9SOQ8L!->\M,;[_N
M)O-Q*I@G-+XGS>3Y;],N3G+7:1?#U$C#'2=N/D-JYYP\V7I+-(N:+=K%TEGB
M;=$NYJ!L;S_?RG;M E*[^#@FX8(M;VF'ZQ1\Q.8'Q?!@>$TOT"Y^=9%4\ZNY
MY-6,GDV?9TOFMU"SV)^XV0Z%G1Z<7/JGQ_=H%\OAIWWR+NI-1YJF]EIQ7\/)
MH%Z[D?T)8)7/!V3&&\D;F7%BL(@M+\.L;IY1<=S=LXE1J>"U7QQ)C'
M<&"BF R?G"PD:S$2<=9*:K?,9XQ-;6NOSQ*B,6?YX:2W:=Z6Z](?%$,^_/[V
MW8V!E=T% 24%,Y#&+V#2VBT7]S+M8CGFY1Q>P6CD
MQELTGY-I)[#E@;\<[7_ZBYO?]L],S''[ZYC4WNOOBAH9+!L_OQ7QKCIYW>E)
MYHK[SX^X+9V9WF07/"'/^BWTO]ELY,F1L?X$YD>IEVD_THM$1"X M;QN83J1
M3[/]T4HPG[=/QW0D&P_!P)1C-R,L2@(JQ+XLL3-_XJ]#5E9HWE\0$(/A \^(
M5!5^'[D?P5/Z)#G!N#L8DR.V()74Z0>G$,W#CG08LP(E9'^,H;'[G%XM#3#F
M(=K0+G+..9^/UST*>>VE]RHS/MP2SM+(7_HT1I(#Q%KMG1+NH#
MD,+8P"[2")B[9<;Z.9<"R"2-=8'-46#J/!H!$N[DJ(3BP \P1Y
MT[%F@K@_ABI=CEE6:YUI+I*V?YA>X&ASX6TA(B(B(B(B\M> $06?,US2?YPULGE56MD=LZ_B?E+-2!K/G>3]
M&'T:[:*&X%MK)+9Y>A>*B(B(B(C(SP!M <4 [8+X45@@ #(%ZW1$!E[T;W'8
MQ.6!]7ZC-N"% 3@[--&;JT:!"PGAI'9'9XW=T>MD5Q(=4CG)3'='JX96
M4@OGAU^'"**UD>D;@GZ"EE+CCC;!DVND^EY8P*"E1NS,8FOQ0S*>-JZL!#[E
M[#CW# F5YXB_SW;;&!$1$1$1$9&_&9;&Z8] A,R:,XN0:[B3Q+^LTUFYG]0N
M/#(Z>3B)UN4TT8Z)&$.0JPUVF1$"V3]!S88Z0#!>6OURZJSPB!*3A--I*B&D.1/E]YYCJ94V-9)N$1$1$1$1D7\%4FSP.;.!5+":2'>/Y1@Q
M,HT!)L3"GY4U0L0P>RD1.*OM!*X91,E(ZXY,>K([)EI%&/GX^,!!8Z)=I,E'
M]1F9V%V@0L2.M($TJ;1J+8A$-(,CYCE6F:)GHT,';C+H$D3@#-)_)(]5$\$L
M!_.,/GN+B(B(B(B(R#\*!@^L.CFH11T>IJ%D\6-UCLU&UBU0D,GS'=NTBZZQI1T[:F53=@U/8
MC?*A[([90$YV'2$W=R509U4D,J0&X56KU),14+=<(!$1$1$1$9&_'%;*;, T$0?I-BR!35" 3QH5IZ(&)@SM'+$56[
MB ^]=H&SQIIV@?A LA4"("[8)(&MO#7>+0,=$N\MRW6T1DL%/^):0&"E*>
M-3(($A/V,_&YQE\5$1$1$1$1^0&P3NR.4A(M,4&JB(B(B(B(_"1P
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M-%1 0DDW$,PV:$DV.+4+4F^T>(FO]QH7@W^BB
M[/DJF%0K"R*O&NQ"1$1$1$1$?AY$T60)G"D_T@0"EX1^)8X%QYJ*_F&?EORA&I71 ;H' 3=RKS3SJ"U!0JGA
M)BHGHYC.R>@9Z9Z33CTDG,T&$^XCXWEB"G*6.D=A$''6H7
MU( A1R/@I.)!:H^46:K>DC5<$W$BU8ET5,%OA<\I:Z3%2YQ[ZD[DDS78A8B(
MB(B(B/P\B).PT=<@"J>?"#8)&U_THY!D<$L^W!_ $B/5 !;O&>23Q?NN(W.P
M]MLS0$0-89&?\8OAKATMPE;6;P):DY545$1$1$1$1^$O?W]ULL*&)E7=-]LO#?$AR2 !&(
M!J\'B-N)J0#&$ND-414)U(/XZNE 7;^GJM!H%]46(DTUFA2HZ152W4/JW]J
MW3'<*&V(EC<&).FZD@XF%QL_I.T'-2!*-,8JA.L,L)!!Q^"S#B,B(B(B(B+R
M4V'E>]):(,T5T"MXUW_2S !K!"PH'A\?,16@GJ@PXV;T@3U9E)DHG 5'Y''5B>H%'
M3'9%=2UI@G*(B(B(B(B(_"10(9K8F#V83]3W^R@/\QV)5A&D<06N(K%O5M@(
M%X@#L52/=7JUG<@U^]TQC6D0Q:@_;16P?TB;#78<2A^YWH_=HST4:R)=L 43
M$6)KU*82!R.^RD 9)[MQ#3HS0 O*J!V-.P_]26LY%AE&+CZNB(B(B(B(R#_!
MR4B/L5Y.XX<,X\FJ.8-);H&8EEAN$/L"M,411YJ$=C\IX5J_M6.N_H,Q\]RTMWWAJ\3S'
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M0XB1B(D?GSJ6]:T_7K$:/#0&H1+<_?U
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M6B8$F.J;>G_GBCV@7<<370H;XSM/[N,'%*IQ)NJKNCY:K^K2(B'I)QH
M]4-DOHS+@6\YVNYN20"*PD <#*92.;O8=6\ETO:#B5D>)6MC"*ZI5(=I2K8;
MA$S(=Y29O:5_F4B/,7V].Z9M9??=-M5(1.2&I BP^ZP/Q/9,&SU<1N6W_2.]
M-Z68I)S.DFMOUD99V#SMJ*
MOBY"^Q<'O:5',P;]$>UB*'-5$6!C*J[:.6O2&1?B)J?&_= /XFG T!CP5$N;
M_CZI=U'S>HCYS&2V,!1/G6PP1^7Z&:_QJG,3SD,@#??S 7EO^'NVB/KJ;H!E#[:*>SI4KNY/:
M116()BO97#OW^D-N[U\W-(?XX]K% NU<[YMB1TM[WMI3;M(#6$M
M/$4U1,F-^,]2[DFH$&AQD5QYOCG-H)^9V*"OTBZ68J)S,JAX
M%3K^X$N!:O?2W(0GSR4G/,.[KF:!K[^=881/R%\B\ZMJ6+5F4]3[L591R!.0AI4QL1_O&.()7!D#*WZI
MN'@P1R48>!VF[X[AQS' (/=KG%?ZB=38I V]K>PU\\S&6V0Y.N,T_>S
M*?K$]QYV)55,[.FJGP>\@!<\TE)ZOIN#1[L=:]:[4DN
MMKO@778C7]"2H7;!DW^W$MITF-%RXQ7I2?>!DX/UVC*Y:DHU-F.]=G^5=C&W
M!ZCD'3L,1/D-$-NJ*D)->).\>]?>FZ1I4W-],^+$[ACRJ[$I'1IRY.V:OX6)
M=E%M5J,\UE"\;6EBIYMP1$1$;@5O4FH.BQS@^LACZ93!H,8,X>;Y.@E<=C?*
M.L<1BNE\%?M=,HAQKRJO
MK<@:[>)N1'Y[C7:QE.=VK>U<[0+'QH9A=H\L3U7?HUTLGV,L,$RK75P -W.3
MXY6:$SS2>Z0^7H42K[=-$NUA*5]??5_.3_(:[0D1$_C\T
M.41B\,(L81A@LQ]&V7+;-%B,AN@,S5=LC (T@!<6:7W!)*H/'$%&>.8)V&!@
MMI')[C'&V)T"9Y/+R*D=LUSF)'6NBU]JEF="DNH-D52= (C('Z193&5LY-Y8
MG=35?.[?NJ:LP>M:J'D3)F,*2S!R,^'"CX*=#^JA>R,-_AC1OVNNNV_7+I9.
MOB"G=G]&$Y\19/:$?2>J]1:?D6S2Q.^/%6^X%K_5=K%]BB19P7'
MN!5$Z&KRB UC@6Z)53*)UL*W_<:AME-_DHVI;=4NAJ8:C6D3[UGRYVR\"Q$1
MN2U,?K9,.;!"K',8WNGTE@/74(-7]]M)#$?<[W2YS2"6S9PJQ8J MU=\")CQ
M@WQ.IL4CPT+].'PT?V0".)DR8[H
M)!_&(6E&S)1B_KAVL5&K@=HY:\$PL]J;B!M-;AU4BTG--=_'\/Y?BS4Z:7"5
M*;)5J3\@N%7R0O-BJZD-08-PH '^4[WK\7G=)"(BL@YC_<;QA;="&#]0'K/A
M&-UN.#PQ/VE&2<0*!DP$Z\28+=E"#$7Z:!L(+/FV@LF#;RY$Y(]3DS;V*\2/+NUI_[XX:^#AW+!F
MT$[-:\NQM:"+WZ]=+)U\ 9,-\TDZF!^S%!X2+.%.F?'?'
M#'UYH&;BG?/>9LC>R- .$VOJ5(%X8=','/+E5^95N:Y'141N0_6PZQ=T-7/3
M;A1>.)?;PX55?MO8W5'MW2'I57RN,2VKU7HS#/T1[6(9R1>]%%.E=$8;I+FPC4O>G(7+#;SQ\(+FI0'<\J7\ZLAM7.:7R67@SE5_A[KA=#H0D1$
MO@)4]V$T>,@Q-T=5!L<,,SZTE+AY"QD-<1LAO2FM8D:!;T@S2<,5%UM')EJQ
M%RE?8
MT.9+!UY.H6/LCOZ8&>@LK2SXC#* ?,&<:M):% S,F!M]8PLYXD_FS$ V9/$81-&].\16RN=AOFON\XRP
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MN#N6;LJ$F9Y1@VH3^C+4]^*A]>B(W':MPS&VH'KA7CFKP,2FD"
M405G8>P9&$PQHHCM\9EW*WAW?D50]/HZYN6S-TKSPFM(RBF-E"0B(O+/P4CM
M>E9$1$1N2RSMTP(V[2C6,J,-XS#D7E^:TS-E%B0(#'K3$X38UR\'P^;XBQ$I
MMA:('K3MB]25%"AZ0V("ETV$BS06Y40,T2DB(O\NY 5; @2F64LJ1H-&[L+E(IT;\'W\XN\,-(B98LVDH$[AI,Z3D=O$1$1
M^7?9&+5#1$1$Y&)8AJ?#0I.5;*/10F:U&T9HORV$O(C#$EC7*XB(B(B(B(B_P?FUA>D^R13QO.!8264J:XB2 2I
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MX??OW_<''M:);W\?Z'-_I(H2A^@EB&A,VEK$WRB0S4C](^$
M=!LD#SU9F&*9GB.6\U6X>'AX>']_)]@%UA1S2205AJ3NF[8646TM,PG^B682
MY6L+4VE)#Y?ELWR!\A'"4,1!,0Z)9N!"@I\+C:R';BQ&UD2)
M.%_<3"Z(#2(B(B(B(B(BMX*X$"E!--]BO4#FCBA9#2TR? 3J1..=0: )0FJD
M4%#M'R[F_?V=&!HU*RMN+/$MIA>I5*3I16-;\OKZFOL.PW7&43!*&<;Q$!$1
M$1$1$9%OYNWM#?VAL3%X?GY&>]^0M+[H%9MH-GXBV[.0
MB(B(B(B(B,A7$TO[7+/7Y?S;VQM&#AA:8("1BD$UNJC)0V.O=,>HUA$,# 3^K'45MS-#$(IO7"Q%H'77[FH8C(B(B(B(B(G\)
ML7BO>47K5T]/3UAH#N9%D);]^_;J_O\=2
MHFH=42RJC7^;9E?YHG-*8D$*G?
MIAE#J@1I(S$T5"!/1]4W:IS,W"6#:> \0FC0K*0F!]F5J!I)=1Z)DE5%:2)V
M]L$KB/B1T2TTMQ 1$1$1$1'Y)\!P MFA*ABL]!$*T"[0(F++L)['Q\?]?I^*
M1Q2+\NP>-533M?7EY0-J*%1K<0$1$1
M$1$1^><@_L.:@H%V@>90-8'7U]=,NAJ[Q^>J'J1&48-J&
M.@DA0VM/W[]]1&-L,
M=(;4*[#6&(:MB.T9U**/GD% C!K4HLH1B"0/CX^T4%L+$1$1
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M,;>_O;T]'WAY>8G/?8%)8UY?7]DW/O1MF#0OJSW=-8=*HFTE]ZOKZ]\%=OKCO?W][58?'YX>(CM\2WZ
M0)1GQZBA'C=VO"M0U?/S[/OT]%2;$96P;S8CB9(P>V^-;MD1Y%O[5$H,R]_?W+P>BN*(M# Z![.0(%K+^58M
MA=IBX\,(M0L1$1$1$1&1*TGMHJ['\DI]XWR4:9:
M._3:17Q ?Z@RQ7(P[7A\?*Q;FF*T*F@L,:( +4G!I&H7C7R!Y#+7+I IXF\C
MRZ"D-A$1$1$1$1&YF*%V 8^/CW6-WVL7RU$'B!I2&6B,+I9U
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MAMK%L"4992(W-MH%L@,.&O/65NV"+6E]T8-=B(B(
MB(B(B'PI:[$Z,6.8Q^I,4A;HC2Z6%>WBZ>GI^?FY2:Z*=E%K:+2+JI/4E")1
M&VU+2:'7+JKUQ4GM(MI&FVNBV$P^4M45M0L1$1$1$1&1+Z7F2"6M9RS,,2T@
M#VF6G&@7I$\=I@Y95F)U(HP0&H*#LJ6&_5PZ[6(I\D54>'^ 0S>I2WOM JKS
MR+QGD"]H$@?BWPP'"FH7(B(B(B(B(E\*M@2_.F+C, ]ID+8-2:SEJ:2F1DVB
M/#O6Y*JD0R72!<3GIZ>GNCN22- <,;9'R;KOP\/#T).E'K2>!;K'R*@MF%P#!$1$1$1$1&YGH^.D\4FWYZ[8Q:8'_3<'2??SNM?%5;=[&X\XK'+8M
M*E^KJG;+I/[M36T.G7VRUOGS,Z6%DZK6CKNV??E\F6YR(K$E[IS)+;3E[$1$
M1$1$1.3_1BP)'QX>?OWZ=5?X_?MW;*RKQ?A\?W]?B\7GQ\?'NOR,E2E5->SW
M^]BWUA;KUM@X+!:KVMJ\J#^.TAPWBD4-M=CS\_.PPCB1ID*(C?L#]=MH/^>X
M1AZ4TXR&U3IC]V%3FT5WE*&I3<.BV.\#\T7ZL(UQW/Y86<^P#SG9^#8ZOZF0GF^D":Y1O1X]=8DL4JVOPV,[&ID(V]DOOJ&UW
M($ZDV[)N:AZ[:PG)0:5BD#XT<$NIL>ABB9E;W
M=&]3%3MR1HT]!E>G/Q:]VIQI0B?T]T">2#T*A:-5\>'Y !I.;(PM3>?$OOW9
M!6H7(B(B(B(B_S=RN9UKW@25@,^Q%!T6R]WKVI,E:B,(1 VL4E-#8'%=Y9'E
M:!M0*V0EVRR-,6]HMK/*;E;E66$LVYOV8!W1*"KLTIS=T.2@UR[8TAL;]$U-
M[8*CIWQQEG;1]'#3^+EVT;1S3;O@JJ6!1&\-DMI%H\/TVD7T8:_A+,=+62\9
MG3.42A0N1$1$1$1$_H>PHFR4@9Y8;\:J:A=Q*IS3;L82@UH%[EV
M[M6#OL*A=I'MJ>I*$,VCD:@3C2(H%W4"G-YWH@/:73!LAV!HE\=
M?X-VL1Q,7W+53_C0R^)=].$W)]I%=@*7%6FBT2ZPR<%>I?H6]>>%;!)_,SP(
MT5$:[6*M)QO2**6>W= P1D1$1$1$1/X/L.*NRD/"V_9:;!CQ@!5K[S-"$(.
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MRS$_;],Y:AQ.EF;GPR&F;)#DW#D+.VB;VKV9-/47KM8
MBO7%=VH7RV?KB]R('U#3#'JXFE[TVL52=)A?GW.DUN >7,>\A:ITECE2[SL(
MX#DY:Q$1$1$1$?FIQ'J0C!NX!K!LC"V]#T5?+!:D3:*0V!C?-HOZ6-XV01;/AM5EZ7TL/DGEN.
M.]SEY'$G)SC\:MXA&SMAK:DDXSAKKXV'SL:_':A5K>W8'+>Y4K7.YJMYA6L7
M-^N97\>>N:0C(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B
M(B(B(B(B(B(B(B(B(B(B(B(B(B(WYS_F$)*<#0IE;F1S=')E86T-96YD;V)J
M#3$@,"!O8FH-/#PO0V]N=&5N=',@,B P(%(O0W)O<$)O>%LP(# @-C$R(#7!E+U!A9V4^
M/@UE;F1O8FH-,B P(&]B:@T\/"]&:6QT97(O1FQA=&5$96-O9&4O3&5N9W1H
M(#0T.3X^#S>W2)=HTK5OK%W ]
MDC#Y%)RLZML7L*/:;M(TLV6)'[X3/\@[1,&_]RM$< )/2"J0$<$22L1D@F74
MEP5Z0 16)^')&)Z,X$^G*(P%"AYPE(>ZQ,^(Y+"+!Z20CUT^XUVZ$OJP;%@D/YQ"Y\3
MA:-^2!,_N%DZ=;>Z[GWL!LU@:6R[_YF5&GYDW6"QM:;=U\U66UADUM9%\2G]
MZV0V0]YQB@ 9F0P@B[K,FJQZ!J^:;C5\J_;:-H?'PN2PLO6A@7KM40YD=#MW
MZSG^/ZM;G>ORT05F9.X^M_XKVVA@'U-CQ^XD%YMSCMW77U-W%.X@*/@)"C&#
M..*0EH/FS\XT>,AAB>?,KFG:D$Z#Y>Q-5R8XJ3J;UUZY_+MPF1A\#Y?K^(UW
MY:XGR%CBZU\N396YL+W'6RTB,)M(W:W7)M=>*-6%SNNR/%0F
M#W+MA:S7SK\ \L-*PPT*96YDFMC.60B/SX*/'@Z>&UP;65T82!X;6QN#IX;7!T:STB061O8F4@6$U0($-O&UL;G,Z<&1F/2)H='1P
M.B\O;G,N861O8F4N8V]M+W!D9B\Q+C,O(@H@(" @(" @(" @("!X;6QN"UD969A=6QT(CY)3E1%4E!5
M0DQ)0R!'4D]54"!/1B!#3TU004Y)15,L($E.0RX@0T]24D534"!,971T97(N
M<&1F/"]R9&8Z;&D^"B @(" @(" @(" @(#PO&UP
M.D-R96%T;W)4;V]L/FQI='1L97!A9V5R/"]X;7 Z0W)E871O&UP.DUE=&%D871A1&%T
M93X*(" @(" @(" @/'!D9CI0&UP
M;65T83X*(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M"B @(" @(" @(" @(" @(" @(" @(" @(" @( H\/WAP86-K970@96YD/2)W
M(C\^#0IE;F1S=')E86T-96YD;V)J#30@,"!O8FH-/#PO1FEL=&5R+T9L871E
M1&5C;V1E+T9I7!E+T]B:E-T;3X^VN%U%U+L!#!KT+P8[$M.G21
M?"M!,K8M^DM=^HWM(0B\# S,,S,>4/!].WRHRR!)WRG5XZTYHS3L6&*CNN&:
M- I)LG0H\YCC4+I@6DSJ3BB=_%)CM!C:$<68P]B?XG)H'T>4I!/X4A]PK;GE
MPEL74U.'9\#$;"\@VD4A'$BXYKGY1'G7;PZ&88M.3Y&L%&G-MU&>Q;"NJRV'
M:@5Q5?"PS-+-%+(RMK2OZW3#(4>E4%JW]F0$P5> 0"13D<>#0IE;F1S=')E
M86T-96YD;V)J#38@,"!O8FH-/#PO1&5C;V1E4&%R;7,\/"]#;VQU;6YS(#,O
M4')E9&EC=&]R(#$R/CXO1FEL=&5R+T9L871E1&5C;V1E+TE$6SQ"038S.# Y
M-#8F)@
M8&!BS)O$Q,#8S\3 Q,;$P ?$#!. ?#4FQ@9%()L1(, .Y,#&@T*96YD
TEXT-EXTRACT
2
filename2.txt
December 20, 2018
Christopher Carroll
Senior Vice President. Controller and Chief Accounting Officer
The Interpublic Group of Companies, Inc.
909 Third Avenue
New York, NY 10022
Re: The Interpublic Group of Companies, Inc.
Form 10-K for the Year Ended December 31, 2017
Filed February 26, 2018
Form 10-Q for the Quarter Ended September 30, 2018
Filed October 25, 2018
File No. 001-06686
Dear Mr. Carroll:
We have reviewed your October 1, 2018 response to our comment letter and
have the
following comment. Please respond to this comment within ten business days by
providing the
requested information or advise us as soon as possible when you will respond.
If you do not
believe our comment applies to your facts and circumstances, please tell us why
in your
response.
After reviewing your response to this comment, we may have additional
comments. Unless we note otherwise, our references to prior comments are to
comments in our
August 24, 2018 letter.
Form 10-Q for the Quarter Ended September 30, 2018
Note 2: Summary of Significant Accounting Policies
Revenue Recognition , page 8
1. Please more fully discuss in future filings how you determined you had
two performance
obligations in your advertising services and media services arrangements.
In addition,
please more fully discuss how you determined that you act as an agent for
production
services and media buying service. Reference ASC 606-10-50-12.
You may contact Kathryn Jacobson, Senior Staff Accountant at (202)
551-3365 or
Robert Littlepage, Accountant Branch Chief at (202) 551-3361 if you have
questions regarding
comments on the financial statements and related matters.
Christopher Carroll
The Interpublic Group of Companies, Inc.
December 20, 2018
Page 2
FirstName LastNameChristopher Carroll Sincerely,
Comapany NameThe Interpublic Group of Companies, Inc.
Division of Corporation
Finance
December 20, 2018 Page 2 Office of
Telecommunications
FirstName LastName