OREGON
|
93-0584541
|
(State
or other jurisdiction of
incorporation
or organization)
|
(I.R.S.
Employer
Identification
No.)
|
Class
A
|
96,181,844
|
Class
B
|
389,040,003
|
485,221,847
|
August
31,
2008
|
May
31,
2008
|
|||||||
(in
millions)
|
||||||||
ASSETS
|
||||||||
Current
assets:
|
||||||||
Cash
and equivalents
|
$ | 1,625.6 | $ | 2,133.9 | ||||
Short-term
investments
|
966.1 | 642.2 | ||||||
Accounts
receivable, net
|
3,035.4 | 2,795.3 | ||||||
Inventories
(Note 2)
|
2,453.9 | 2,438.4 | ||||||
Deferred
income taxes
|
175.8 | 227.2 | ||||||
Prepaid
expenses and other current assets
|
687.8 | 602.3 | ||||||
Total
current assets
|
8,944.6 | 8,839.3 | ||||||
Property,
plant and equipment
|
4,111.0 | 4,103.0 | ||||||
Less
accumulated depreciation
|
2,236.2 | 2,211.9 | ||||||
Property,
plant and equipment, net
|
1,874.8 | 1,891.1 | ||||||
Identifiable
intangible assets, net (Note 3)
|
712.4 | 743.1 | ||||||
Goodwill
(Note 3)
|
425.1 | 448.8 | ||||||
Deferred
income taxes and other long-term assets
|
637.9 | 520.4 | ||||||
Total
assets
|
$ | 12,594.8 | $ | 12,442.7 | ||||
LIABILITIES AND
SHAREHOLDERS’ EQUITY
|
||||||||
Current
liabilities:
|
||||||||
Current
portion of long-term debt
|
$ | 31.5 | $ | 6.3 | ||||
Notes
payable
|
220.1 | 177.7 | ||||||
Accounts
payable
|
1,205.9 | 1,287.6 | ||||||
Accrued
liabilities (Note 4)
|
1,639.8 | 1,761.9 | ||||||
Income
taxes payable (Note 6)
|
214.3 | 88.0 | ||||||
Total
current liabilities
|
3,311.6 | 3,321.5 | ||||||
Long-term
debt
|
407.3 | 441.1 | ||||||
Deferred
income taxes and other long-term liabilities (Note 6)
|
843.0 | 854.5 | ||||||
Commitments
and contingencies (Note 11)
|
-- | -- | ||||||
Redeemable
preferred stock
|
0.3 | 0.3 | ||||||
Shareholders’
equity:
|
||||||||
Common
stock at stated value:
|
||||||||
Class
A convertible-96.2 and 96.8 million shares outstanding
|
0.1 | 0.1 | ||||||
Class
B convertible-389.0 and 394.3 million shares outstanding
|
2.7 | 2.7 | ||||||
Capital
in excess of stated value
|
2,622.9 | 2,497.8 | ||||||
Accumulated
other comprehensive income (Note 7)
|
361.0 | 251.4 | ||||||
Retained
earnings
|
5,045.9 | 5,073.3 | ||||||
Total
shareholders' equity
|
8,032.6 | 7,825.3 | ||||||
Total
liabilities and shareholders' equity
|
$ | 12,594.8 | $ | 12,442.7 |
Three
Months Ended
August
31,
|
|||||||
2008
|
2007
|
||||||
(in
millions, except per share data)
|
|||||||
Revenues
|
$ | 5,432.2 | $ | 4,655.1 | |||
Cost
of sales
|
2,870.1 | 2,568.1 | |||||
Gross
Margin
|
2,562.1 | 2,087.0 | |||||
Selling
and administrative expense
|
1,856.4 | 1,434.7 | |||||
Interest
income, net
|
10.1 | 24.6 | |||||
Other
expense, net
|
(1.6 | ) | (6.6 | ) | |||
Income
before income taxes
|
714.2 | 670.3 | |||||
Income
taxes (Note 6)
|
203.7 | 100.6 | |||||
Net
income
|
$ | 510.5 | $ | 569.7 | |||
Basic
earnings per common share (Note 9)
|
$ | 1.05 | $ | 1.14 | |||
Diluted
earnings per common share (Note 9)
|
$ | 1.03 | $ | 1.12 | |||
Dividends
declared per common share
|
$ | 0.23 | $ | 0.185 |
Three Months Ended
August 31,
|
||||||
2008
|
2007
|
|||||
(in
millions)
|
||||||
Cash
provided by operations:
|
||||||
Net
income
|
$ | 510.5 | $ | 569.7 | ||
Income
charges (credits) not affecting cash:
|
||||||
Depreciation
|
78.5 | 70.0 | ||||
Deferred
income taxes
|
(73.0 | ) | (104.8 | ) | ||
Stock-based
compensation
|
78.2 | 63.8 | ||||
Amortization
and other
|
6.8 | 1.6 | ||||
Changes
in certain working capital components and other
assets
and liabilities:
|
||||||
Increase
in accounts receivable
|
(292.9 | ) | (257.3 | ) | ||
Increase
in inventories
|
(57.0 | ) | (20.0 | ) | ||
Decrease
(increase) in prepaid expenses and other
assets
|
49.2 | (1.9 | ) | |||
Increase
(decrease) in accounts payable, accrued
liabilities
and income taxes payable
|
57.3 | (1.6 | ) | |||
|
|
|||||
Cash
provided by operations
|
357.6 | 319.5 | ||||
|
|
|||||
Cash
(used) provided by investing activities:
|
||||||
Purchases
of investments
|
(791.7 | ) | (155.9 | ) | ||
Maturities
of investments
|
203.4 | 333.4 | ||||
Sales
of investments
|
266.4 | 4.0 | ||||
Additions
to property, plant and equipment
|
(106.7 | ) | (91.8 | ) | ||
Proceeds
from the sale of property, plant and equipment
|
13.1 | 0.2 | ||||
Increase
in other assets and liabilities, net
|
(15.2 | ) | (1.2 | ) | ||
Settlement
of net investment hedges
|
2.6 | -- | ||||
|
|
|||||
Cash
(used) provided by investing activities
|
(428.1 | ) | 88.7 | |||
|
|
|||||
Cash
used by financing activities:
|
||||||
Reduction
in long-term debt, including current portion
|
(1.6 | ) | (26.4 | ) | ||
Increase
in notes payable
|
45.0 | 38.3 | ||||
Proceeds
from exercise of stock options and other
stock
issuances
|
45.8 | 96.7 | ||||
Excess
tax benefits from share-based payment arrangements
|
8.7 | 14.9 | ||||
Repurchase
of common stock
|
(418.8 | ) | (318.3 | ) | ||
Dividends
on common stock
|
(113.0 | ) | (92.8 | ) | ||
|
|
|||||
Cash
used by financing activities
|
(433.9 | ) | (287.6 | ) | ||
|
|
|||||
Effect
of exchange rate changes on cash
|
(3.9 | ) | (3.4 | ) | ||
|
|
|||||
Net
(decrease) increase in cash and equivalents
|
(508.3 | ) | 117.2 | |||
Cash
and equivalents, beginning of period
|
2,133.9 | 1,856.7 | ||||
|
|
|||||
Cash
and equivalents, end of period
|
$ | 1,625.6 | $ | 1,973.9 | ||
Supplemental
disclosure of cash flow information:
|
||||||
Dividends
declared and not paid
|
$ | 111.7 | $ | 92.3 |
August
31, 2008
|
May
31, 2008
|
|||||||||||||||||||||||
Gross
Carrying Amount
|
Accumulated
Amortization
|
Net
Carrying Amount
|
Gross
Carrying Amount
|
Accumulated
Amortization
|
Net
Carrying Amount
|
|||||||||||||||||||
(in
millions)
|
||||||||||||||||||||||||
Amortized
intangible assets:
|
||||||||||||||||||||||||
Patents
|
$ | 49.7 | $ | (15.2 | ) | $ | 34.5 | $ | 47.5 | $ | (14.4 | ) | $ | 33.1 | ||||||||||
Trademarks
|
13.0 | (7.8 | ) | 5.2 | 13.2 | (7.8 | ) | 5.4 | ||||||||||||||||
Other
|
58.0 | (16.0 | ) | 42.0 | 65.2 | (19.7 | ) | 45.5 | ||||||||||||||||
Total
|
$ | 120.7 | $ | (39.0 | ) | $ | 81.7 | $ | 125.9 | $ | (41.9 | ) | $ | 84.0 | ||||||||||
Unamortized
intangible assets – Trademarks
|
$ | 630.7 | $ | 659.1 | ||||||||||||||||||||
Identifiable
intangible assets, net
|
$ | 712.4 | $ | 743.1 | ||||||||||||||||||||
Goodwill
|
$ | 425.1 | $ | 448.8 |
August 31, 2008
|
May 31, 2008
|
|||||||
(in millions)
|
||||||||
Compensation
and benefits, excluding taxes
|
$ | 353.5 | $ | 538.0 | ||||
Endorser
compensation
|
226.8 | 203.5 | ||||||
Taxes
other than income taxes
|
217.0 | 147.6 | ||||||
Advertising
and marketing
|
181.0 | 121.4 | ||||||
Dividends
payable
|
111.6 | 112.9 | ||||||
Fair
value of derivatives
|
84.7 | 173.3 | ||||||
Import
and logistics costs
|
80.7 | 78.8 | ||||||
Other1
|
384.5 | 386.4 | ||||||
|
|
|||||||
Total
accrued liabilities
|
$ | 1,639.8 | $ | 1,761.9 |
-
|
Level 1: Observable inputs
such as quoted prices in active markets for identical assets or
liabilities.
|
-
|
Level 2: Inputs other than
quoted prices that are observable for the asset or liability, either
directly or indirectly; these include quoted prices for similar assets or
liabilities in active markets and quoted prices for identical or similar
assets or liabilities in markets that are not
active.
|
-
|
Level 3: Unobservable inputs
in which there is little or no market data available, which require the
reporting entity to develop its own
assumptions.
|
August
31, 2008
|
|||||||||
Fair
Value Measurements Using
|
|||||||||
Level 1
|
Level 2
|
Level
3
|
Assets/Liabilities
at
Fair Value
|
Balance
Sheet Classification
|
|||||
(in
millions)
|
Assets
|
|||||||||||||||||
Derivatives
|
$ | -- | $ | 413.4 | $ | -- | $ | 413.4 |
Other
current assets and other long-term assets
|
||||||||
Available-for-sale
securities
|
91.7 | 427.4 | -- | 519.1 |
Cash
equivalents
|
||||||||||||
Available-for-sale
securities
|
248.8 | 687.3 | -- | 936.1 |
Short-term
investments
|
||||||||||||
Total
assets
|
$ | 340.5 | $ | 1,528.1 | $ | -- | $ | 1,868.6 | |||||||||
Liabilities
|
|||||||||||||||||
Derivatives
|
$ | -- | $ | 86.6 | $ | -- | $ | 86.6 |
Accrued
liabilities and other long-term liabilities
|
||||||||
Total
|
$ | -- | $ | 86.6 | $ | -- | $ | 86.6 |
Three Months Ended
August
31,
|
||||||||
2008
|
2007
|
|||||||
(in millions)
|
||||||||
Net
income
|
$ | 510.5 | $ | 569.7 | ||||
Other
comprehensive income:
|
||||||||
Changes
in cumulative translation
adjustment
and other
|
(162.9 | ) | 25.8 | |||||
Changes
due to cash flow hedging instruments:
|
||||||||
Net
gain (loss) on hedge derivatives
|
172.4 | (13.2 | ) | |||||
Reclassification
to net income of previously
deferred
losses related to hedge
derivative instruments
|
37.1 | 14.2 | ||||||
Changes
due to net investment hedges:
|
||||||||
Net gain
in hedge derivatives
|
63.0 | -- | ||||||
Other
comprehensive income
|
109.6 | 26.8 | ||||||
Total
comprehensive income
|
$ | 620.1 | $ | 596.5 |
Three Months
Ended
August 31,
|
||||||||
2008
|
2007
|
|||||||
(in millions)
|
||||||||
Stock
Options1
|
$ | 73.3 | $ | 60.7 | ||||
ESPPs
|
3.0 | 1.6 | ||||||
Restricted
Stock
|
1.9 | 1.5 | ||||||
Total
stock-based compensation expense
|
$ | 78.2 | $ | 63.8 |
Three Months Ended
August 31,
|
||||||||
2008
|
2007
|
|||||||
Dividend
yield
|
1.5 | % | 1.4 | % | ||||
Expected
volatility
|
32.4 | % | 20.4 | % | ||||
Weighted-average
expected life (in years)
|
5.0 | 5.0 | ||||||
Risk-free
interest rate
|
3.4 | % | 4.9 | % |
Three Months Ended
August 31,
|
||||||||
2008
|
2007
|
|||||||
(in
millions, except per share data)
|
Determination
of shares:
|
||||||||
Weighted
average common shares outstanding
|
487.2 | 499.4 | ||||||
Assumed
conversion of dilutive stock options and awards
|
7.7 | 7.9 | ||||||
Diluted
weighted average common shares outstanding
|
494.9 | 507.3 | ||||||
Basic
earnings per common share
|
$ | 1.05 | $ | 1.14 | ||||
Diluted
earnings per common share
|
$ | 1.03 | $ | 1.12 |
Three Months Ended
August 31,
|
||||||||
2008
|
2007
|
|||||||
(in millions)
|
Net
Revenue
|
||||||||
U.S.
|
$ | 1,781.9 | $ | 1,645.4 | ||||
EUROPE,
MIDDLE EAST, AFRICA
|
1,778.7 | 1,481.2 | ||||||
ASIA
PACIFIC
|
860.6 | 633.7 | ||||||
AMERICAS
|
355.7 | 282.0 | ||||||
OTHER
|
655.3 | 612.8 | ||||||
$ | 5,432.2 | $ | 4,655.1 | |||||
Pre-tax
Income
|
||||||||
U.S.
|
$ | 351.9 | $ | 348.2 | ||||
EUROPE,
MIDDLE EAST, AFRICA
|
442.4 | 379.2 | ||||||
ASIA
PACIFIC
|
185.5 | 160.9 | ||||||
AMERICAS
|
69.1 | 58.8 | ||||||
OTHER
|
86.3 | 95.2 | ||||||
CORPORATE
|
(421.0 | ) | (372.0 | ) | ||||
$ | 714.2 | $ | 670.3 |
August 31,
2008 |
May 31,
2008
|
|||||||
(in millions)
|
||||||||
Accounts
receivable, net
|
||||||||
U.S.
|
$ | 850.8 | $ | 823.9 | ||||
EUROPE,
MIDDLE EAST, AFRICA
|
1,025.3 | 843.0 | ||||||
ASIA
PACIFIC
|
450.7 | 406.1 | ||||||
AMERICAS
|
274.9 | 246.0 | ||||||
OTHER
|
378.7 | 424.0 | ||||||
CORPORATE
|
55.0 | 52.3 | ||||||
$ | 3,035.4 | $ | 2,795.3 | |||||
Inventories
|
||||||||
U.S.
|
$ | 830.4 | $ | 834.0 | ||||
EUROPE,
MIDDLE EAST, AFRICA
|
665.0 | 705.7 | ||||||
ASIA
PACIFIC
|
299.1 | 280.9 | ||||||
AMERICAS
|
221.3 | 181.1 | ||||||
OTHER
|
406.7 | 396.6 | ||||||
CORPORATE
|
31.4 | 40.1 | ||||||
$ | 2,453.9 | $ | 2,438.4 | |||||
Property,
plant and equipment, net
|
||||||||
U.S.
|
$ | 328.6 | $ | 318.4 | ||||
EUROPE,
MIDDLE EAST, AFRICA
|
353.4 | 370.5 | ||||||
ASIA
PACIFIC
|
361.3 | 375.6 | ||||||
AMERICAS
|
19.6 | 20.4 | ||||||
OTHER
|
130.9 | 126.9 | ||||||
CORPORATE
|
681.0 | 679.3 | ||||||
$ | 1,874.8 | $ | 1,891.1 |
Three Months Ended
August 31,
|
||||||||||||
2008
|
2007
|
%
change
|
||||||||||
(dollars in millions, except per share data)
|
Revenues
|
$ | 5,432.2 | $ | 4,655.1 | 17 | % | ||||||
Cost
of sales
|
2,870.1 | 2,568.1 | 12 | % | ||||||||
Gross
margin
|
2,562.1 | 2,087.0 | 23 | % | ||||||||
Gross
margin %
|
47.2 | % | 44.8 | % | ||||||||
Selling
and administrative
|
1,856.4 | 1,434.7 | 29 | % | ||||||||
%
of revenue
|
34.2 | % | 30.8 | % | ||||||||
Income
before income taxes
|
714.2 | 670.3 | 7 | % | ||||||||
Net
income
|
510.5 | 569.7 | (10 | )% | ||||||||
Diluted
earnings per share
|
$ | 1.03 | $ | 1.12 | (8 | )% |
Three Months Ended
August 31,
|
||||||||||||
2008
|
2007
|
%
change
|
||||||||||
(dollars in millions)
|
Revenues
|
$ | 5,432.2 | $ | 4,655.1 | 17 | % |
Three Months Ended
August
31,
|
||||||||||||
2008
|
2007
|
%
change
|
||||||||||
(dollars in millions)
|
Gross
margin
|
$ | 2,562.1 | $ | 2,087.0 | 23 | % |
Gross
margin %
|
47.2 | % | 44.8 | % |
240 bps
|
Three Months Ended
August 31,
|
||||||||||||
2008
|
2007
|
%
change
|
||||||||||
(dollars in millions)
|
||||||||||||
Operating
overhead expense
|
$ | 1,042.3 | $ | 881.6 | 18 | % | ||||||
Demand
creation expense1
|
814.1 | 553.1 | 47 | % | ||||||||
Selling
and administrative expense
|
$ | 1,856.4 | $ | 1,434.7 | 29 | % |
%
of revenues
|
34.2 | % | 30.8 | % |
340
bps
|
Three Months Ended
August 31,
|
||||||||||||
2008
|
2007
|
%
change
|
||||||||||
(dollars
in millions)
|
||||||||||||
Other
expense, net
|
$ | (1.6 | ) | $ | (6.6 | ) | 76 | % |
Three Months Ended
August 31,
|
|||||||||
2008
|
2007
|
change
|
|||||||
Effective
tax rate
|
28.5 | % | 15.0 | % |
1,350 bps
|
Three Months Ended
August 31,
|
||||||||||||
2008
|
2007
|
%
change
|
||||||||||
(dollars in millions)
|
U.S.
REGION
|
||||||||||||
FOOTWEAR
|
$ | 1,219.8 | $ | 1,119.9 | 9 | % | ||||||
APPAREL
|
464.4 | 428.0 | 9 | % | ||||||||
EQUIPMENT
|
97.7 | 97.5 | 0 | % | ||||||||
TOTAL
U.S.
|
1,781.9 | 1,645.4 | 8 | % | ||||||||
EMEA
REGION
|
||||||||||||
FOOTWEAR
|
982.4 | 791.9 | 24 | % | ||||||||
APPAREL
|
649.7 | 567.0 | 15 | % | ||||||||
EQUIPMENT
|
146.6 | 122.3 | 20 | % | ||||||||
TOTAL
EMEA
|
1,778.7 | 1,481.2 | 20 | % | ||||||||
ASIA PACIFIC
REGION
|
||||||||||||
FOOTWEAR
|
454.0 | 332.1 | 37 | % | ||||||||
APPAREL
|
332.7 | 240.5 | 38 | % | ||||||||
EQUIPMENT
|
73.9 | 61.1 | 21 | % | ||||||||
TOTAL
ASIA PACIFIC
|
860.6 | 633.7 | 36 | % | ||||||||
AMERICAS
REGION
|
||||||||||||
FOOTWEAR
|
245.8 | 198.4 | 24 | % | ||||||||
APPAREL
|
79.4 | 58.3 | 36 | % | ||||||||
EQUIPMENT
|
30.5 | 25.3 | 21 | % | ||||||||
TOTAL
AMERICAS
|
355.7 | 282.0 | 26 | % | ||||||||
|
|
|||||||||||
TOTAL
NIKE BRAND REVENUES
|
4,776.9 | 4,042.3 | 18 | % | ||||||||
OTHER
|
655.3 | 612.8 | 7 | % | ||||||||
TOTAL
NIKE, INC. REVENUES
|
$ | 5,432.2 | $ | 4,655.1 | 17 | % |
Three Months Ended
August 31,
|
||||||||||||
2008
|
2007
|
%
change
|
||||||||||
(dollars
in millions)
|
U.S.
Region
|
$ | 351.9 | $ | 348.2 | 1 | % | ||||||
EMEA
Region
|
442.4 | 379.2 | 17 | % | ||||||||
Asia
Pacific Region
|
185.5 | 160.9 | 15 | % | ||||||||
Americas
Region
|
69.1 | 58.8 | 18 | % | ||||||||
Other
|
86.3 | 95.2 | (9 | )% | ||||||||
Corporate
|
(421.0 | ) | (372.0 | ) | (13 | )% | ||||||
|
|
|||||||||||
Total
pre-tax income
|
$ | 714.2 | $ | 670.3 | 7 | % |
Three Months Ended
August 31,
|
||||||||||||
2008
|
2007
|
%
change
|
||||||||||
(dollars
in millions)
|
Revenues
|
||||||||||||
Footwear
|
$ | 1,219.8 | $ | 1,119.9 | 9 | % | ||||||
Apparel
|
464.4 | 428.0 | 9 | % | ||||||||
Equipment
|
97.7 | 97.5 | 0 | % | ||||||||
Total
revenues
|
$ | 1,781.9 | $ | 1,645.4 | 8 | % | ||||||
Pre-tax
income
|
$ | 351.9 | $ | 348.2 | 1 | % |
Three Months Ended
August 31,
|
||||||||||||
2008
|
2007
|
%
change
|
||||||||||
(dollars
in millions)
|
Revenues
|
||||||||||||
Footwear
|
$ | 982.4 | $ | 791.9 | 24 | % | ||||||
Apparel
|
649.7 | 567.0 | 15 | % | ||||||||
Equipment
|
146.6 | 122.3 | 20 | % | ||||||||
Total
revenues
|
$ | 1,778.7 | $ | 1,481.2 | 20 | % | ||||||
Pre-tax
income
|
$ | 442.4 | $ | 379.2 | 17 | % |
Three Months Ended
August 31,
|
||||||||||||
2008
|
2007
|
%
change
|
||||||||||
(dollars
in millions)
|
Revenues
|
||||||||||||
Footwear
|
$ | 454.0 | $ | 332.1 | 37 | % | ||||||
Apparel
|
332.7 | 240.5 | 38 | % | ||||||||
Equipment
|
73.9 | 61.1 | 21 | % | ||||||||
Total
revenues
|
$ | 860.6 | $ | 633.7 | 36 | % | ||||||
Pre-tax
income
|
$ | 185.5 | $ | 160.9 | 15 | % |
Three Months Ended
August 31,
|
||||||||||||
2008
|
2007
|
%
change
|
||||||||||
(dollars
in millions)
|
Revenues
|
||||||||||||
Footwear
|
$ | 245.8 | $ | 198.4 | 24 | % | ||||||
Apparel
|
79.4 | 58.3 | 36 | % | ||||||||
Equipment
|
30.5 | 25.3 | 21 | % | ||||||||
Total
revenues
|
$ | 355.7 | $ | 282.0 | 26 | % | ||||||
Pre-tax
income
|
$ | 69.1 | $ | 58.8 | 18 | % |
Three Months Ended
August 31,
|
||||||||||||
2008
|
2007
|
%
change
|
||||||||||
(dollars in millions)
|
Revenues
|
$ | 655.3 | $ | 612.8 | 7 | % | ||||||
Pre-tax
income
|
$ | 86.3 | $ | 95.2 | (9 | )% |
Period
|
Total
Number of Shares Purchased
_____________
|
Average
Price Paid Per Share
_____________
|
Total
Number of Shares Purchased as Part of Publicly Announced Plans or
Programs
_______________
|
Maximum
Dollar Value of Shares that May Yet Be Purchased Under the Plans or
Programs
______________
|
||||||||||||
(in
millions)
|
June
1 – 30, 2008
|
1,583,000 | $ | 66.45 | 1,583,000 | $ | 834.1 | ||||||||||
July
1 – 31, 2008
|
3,095,000 | $ | 57.74 | 3,095,000 | $ | 655.4 | ||||||||||
August
1 – 31, 2008
|
2,390,980 | $ | 61.01 | 2,390,980 | $ | 509.5 | ||||||||||
Total
|
7,068,980 | $ | 60.79 | 7,068,980 |
|
3.1
|
Restated
Articles of Incorporation, as amended (incorporated by reference to
Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q for the fiscal
quarter ended August 31, 2005).
|
|
3.2
|
Third
Restated Bylaws, as amended (incorporated by reference from Exhibit 3.2 to
the Company’s Current Report on Form 8-K filed February 16,
2007).
|
|
4.1
|
Restated
Articles of Incorporation, as amended (see Exhibit
3.1).
|
|
4.2
|
Third
Restated Bylaws, as amended (see Exhibit
3.2).
|
|
31.1
|
Rule
13(a)-14(a) Certification of Chief Executive
Officer.
|
|
31.2
|
Rule
13(a)-14(a) Certification of Chief Financial
Officer.
|
|
32.1
|
Section
1350 Certificate of Chief Executive
Officer.
|
|
32.2
|
Section
1350 Certificate of Chief Financial
Officer.
|