As filed with the Securities and Exchange Commission on October 29, 2008
Registration Number 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
AECOM TECHNOLOGY CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware |
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61-1088522 |
(State or other
jurisdiction of |
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(I.R.S. Employer |
555 South Flower Street, Suite 3700
Los Angeles, California 90071
(213) 593-8000
(Address, including zip code, and telephone number, including area code, of Registrants principal executive offices)
John M. Dionisio
President and Chief Executive Officer
AECOM Technology Corporation
555 South Flower Street, Suite 3700
Los Angeles, California 90071
(213) 593-8000
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
Eric Chen, Esq.
David Y. Gan, Esq.
Preston
Hopson, Esq.
AECOM Technology Corporation
555 South Flower Street, Suite 3700
Los Angeles, CA 90071
(213) 593-8000
Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this Registration Statement.
If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. o
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. x
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act of 1933, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to rule 462(e) under Securities Act, check the following box. x
If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act of 1933, check the following box. o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer x |
Accelerated filer o |
Non-accelerated filer o |
Smaller reporting company o |
(Do not check if a smaller reporting company)
CALCULATION OF REGISTRATION FEE
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Proposed Maximum |
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Proposed Maximum |
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Amount of |
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Title of Each Class of |
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Amount to be |
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Offering |
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Aggregate |
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Registration |
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Securities to be Registered |
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Registered |
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Price per Share |
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Offering Price |
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Fee |
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Common Stock, $.01 par value per share |
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1,737,873 |
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$15.145 |
(1) |
$26,320,087 |
(1) |
$1,034.38 |
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(1) Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(c) under the Securities Act of 1933, as amended. The price per share and aggregate offering price are based on the average of the high and low price of the registrants common stock on October 24, 2008, as reported on the New York Stock Exchange.
PROSPECTUS
1,737,873 Shares
AECOM TECHNOLOGY CORPORATION
COMMON STOCK
The selling stockholders identified in this prospectus are offering for sale, from time to time, up to 1,737,873 shares of common stock, $0.01 par value per share, of AECOM Technology Corporation. See Selling Stockholders. The registration of the shares of common stock to which this prospectus relates does not require the selling stockholders to sell any of their shares of our common stock nor does it require us to issue any shares of common stock.
We will not receive any proceeds from the sale of any common stock offered by the selling stockholders, but we have agreed to pay certain registration expenses. The selling stockholders from time to time may offer and sell the shares held by them directly or through agents or broker-dealers on terms to be determined at the time of sale, as described in more detail in this prospectus. See Plan of Distribution.
Our common stock is traded on the New York Stock Exchange under the symbol ACM. On October 28, 2008, the last reported sale price of our common stock was $16.36 per share.
Investing in our common stock involves risks. See Risk Factors beginning on page 3 of this prospectus.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The date of this prospectus is October 29, 2008.
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ABOUT THIS PROSPECTUS
This prospectus is a part of a registration statement that we filed with the Securities and Exchange Commission, or the Commission, utilizing a shelf registration process. Under this shelf registration process, the selling stockholders may sell any securities described in this prospectus in one or more offerings from time to time. This prospectus provides you with a general description of the securities the selling stockholders may offer. You should read this prospectus together with information described under the headings Incorporation by Reference and Where You Can Find Additional Information.
We have not authorized any dealer, salesperson or other person to give any information or to make any representation other than those contained or incorporated by reference in this prospectus. You must not rely upon any information or representation not contained or incorporated by reference in this prospectus. This prospectus does not constitute an offer to sell or the solicitation of an offer to buy any securities other than the registered securities to which they relate, nor does this prospectus constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction. You should not assume that the information contained in this prospectus is accurate on any date subsequent to the date set forth on the front of the document or that any information we have incorporated by reference is correct on any date subsequent to the date of the document incorporated by reference, even though this prospectus is delivered or securities are sold on a later date.
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This summary highlights information contained elsewhere in this prospectus and does not contain all of the information you should consider before buying shares in this offering. You should read the entire prospectus carefully, especially the information under Risk Factors. References in this prospectus to AECOM, the Company, we, us or our refer to AECOM Technology Corporation and its consolidated subsidiaries, unless we indicate otherwise.
Unless otherwise noted, references to years are for fiscal years. Our fiscal year consists of 52 or 53 weeks, ending on the Friday closest to September 30. Our fiscal quarters end on the Friday closest to December 31, March 31, June 30 and September 30. For clarity of presentation, we refer to all fiscal years and fiscal quarters in this prospectus as ending on September 30, December 31, March 31 or June 30, regardless of the actual date.
Our Company
We are a leading global provider of professional technical and management support services for commercial and government clients around the world. We provide planning, consulting, architectural and engineering design, and program and construction management services for a broad range of projects, including highways, airports, bridges, mass transit systems, government and commercial buildings, water and wastewater facilities and power transmission and distribution. We also provide facilities management, training, logistics and other support services, primarily for agencies of the U.S. government.
Through our network of approximately 41,000 employees, we provide our services in a broad range of end markets, including the transportation, facilities, environmental, and energy markets. According to Engineering News-Records (ENR) 2008 Design Survey, we are the largest general architectural and engineering design firm in the world, ranked by 2007 design revenue. In addition, we are ranked by ENR as the leading firm in a number of design end markets, including transportation and general building.
We offer our services through two business segments: Professional Technical Services and Management Support Services.
Professional Technical Services (PTS). Our PTS segment delivers planning, consulting, architecture and engineering design, and program and construction management services to commercial and government clients worldwide in major end markets such as transportation, facilities, environmental, and energy and power markets. For example, we are providing master planning services for the 2012 London Summer Olympic Games, program management services through a joint venture for the Second Avenue subway line in New York City and engineering and environmental management services to support global energy infrastructure development for a number of large petroleum companies.
Management Support Services (MSS). Our MSS segment provides program and facilities management and maintenance, training, logistics, consulting, technical assistance and systems integration services, primarily for agencies of the U.S. government. For example, we manage more than 6,000 employees in Kuwait that provide logistics, security, communications and information technology services for the U.S. Army Central Command-Kuwait. We also provide operations and maintenance services for the U.S. Armys Fort Polk Joint Readiness Training Center in Louisiana.
Corporate Information
We were formed in 1980 as Ashland Technology Corporation, a Delaware corporation and a wholly owned subsidiary of Ashland Inc., an oil and gas refining and distribution company. Our principal executive offices are located at 555 South Flower Street, 37th Floor, Los Angeles, California 90071 and our telephone number is (213) 593-8000. Our website is located at http://www.aecom.com. The information contained on our website is not a part of this prospectus.
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The Offering
Issuer |
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AECOM Technology Corporation |
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Selling Stockholders |
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The selling stockholders identified in the table beginning on page 10. |
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Securities Offered |
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Up to 1,737,873 shares of common stock. |
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Use of Proceeds |
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We will not receive any proceeds from the sale of any common stock offered by the selling stockholders. |
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Risk Factors |
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An investment in our common stock involves a high degree of risk. See Risk Factors beginning on page 3 for a discussion of certain factors that you should consider when evaluating an investment in our common stock. |
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New York Stock Exchange Symbol |
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ACM |
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Investing in our common stock involves a high degree of risk. Before you decide whether to purchase any of our common stock, in addition to other information in this prospectus or incorporated by reference herein or therein, you should carefully consider the risk factors set forth below. If any of the following risks actually occurs, our business could be harmed. In that case, the trading price of our common stock could decline, and you may lose all or part of your investment.
We depend on long-term government contracts, some of which are only funded on an annual basis. If appropriations for funding are not made in subsequent years of a multiple-year contract, we may not be able to realize all of our anticipated revenue and profits from that project.
A substantial majority of our revenue is derived from contracts with agencies and departments of national, state and local governments. During fiscal 2007, 2006 and 2005, approximately 61%, 63% and 75%, respectively, of our revenue was derived from contracts with government entities.
Most government contracts are subject to the governments budgetary approval process. Legislatures typically appropriate funds for a given program on a year-by-year basis, even though contract performance may take more than one year. As a result, at the beginning of a program, the related contract is only partially funded, and additional funding is normally committed only as appropriations are made in each subsequent fiscal year. These appropriations, and the timing of payment of appropriated amounts, may be influenced by, among other things, the state of the economy, competing priorities for appropriation, changes in administration or control of legislatures and the timing and amount of tax receipts and the overall level of government expenditures. If appropriations are not made in subsequent years on our government contracts, then we will not realize all of our potential revenue and profit from that contract.
For instance, a significant portion of historical funding for state and local transportation projects has come from the U.S. federal government through its SAFETEA-LU infrastructure funding program and predecessor programs. This $286 billion program covers federal fiscal years 2004-2009. Approximately 79% of the SAFETEA-LU funding is for highway programs, 18.5% is for transit programs and 2.5% is for other programs such as motor carrier safety, national highway traffic safety and research. A key uncertainty in the outlook for federal transportation funding in the United States is the future viability of the Highway Trust Fund, which has experienced shortfalls due to a decrease in the federal gas tax receipts that fund it. In September 2008, the President signed HR 6532, a bill to amend the Internal Revenue Code to restore the Highway Trust Fund balance, transferring funds from the general Treasury to the Highway Trust Fund to provide for the funding of authorized federal transportation priorities through the end of fiscal year 2009. This raises concerns about the future funding structure for federal highway programs, particularly after SAFETEA-LU expires on September 30, 2009.
Governmental agencies may modify, curtail or terminate our contracts at any time prior to their completion and, if we do not replace them, we may suffer a decline in revenue.
Most government contracts may be modified, curtailed or terminated by the government either at its convenience or upon the default of the contractor. If the government terminates a contract at its convenience, then we typically are able to recover only costs incurred or committed, settlement expenses and profit on work completed prior to termination, which could prevent us from recognizing all of our potential revenue and profits from that contract. If the government terminates the contract due to our default, we could be liable for excess costs incurred by the government in obtaining services from another source.
A delay in the completion of the budget process of government agencies could delay procurement of our services and have an adverse effect on our future revenue.
In years when the U.S. government does not complete its budget process before the end of its fiscal year on September 30, government operations are typically funded pursuant to a continuing resolution that authorizes agencies of the U.S. government to continue to operate, but does not authorize new spending initiatives. When the U.S. government operates under a continuing resolution, government agencies may delay the procurement of services, which could reduce our future revenue. Delays in the budgetary processes of states or other jurisdictions may similarly have adverse effects on our future revenue.
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Demand for our services is cyclical and may be vulnerable to sudden economic downturns and reductions in government and private industry spending. If the economy weakens, our revenue and profitability could be adversely affected.
Demand for our services is cyclical and may be vulnerable to sudden economic downturns and reductions in government and private industry spending, which may result in clients delaying, curtailing or canceling proposed and existing projects. Due to the recent economic downturn in the U.S. and international markets and severe tightening of the global credit markets, some of our clients may face considerable budget shortfalls that may limit their overall demand for our services. In addition, our clients may find it more difficult to raise capital in the future to fund their projects due to uncertainty in the municipal and general credit markets. Also, the global demand for commodities has increased raw material costs, which will cause our clients projects to increase in overall cost and may result in the more rapid depletion of the funds that are available to our clients to spend on projects.
Because of an overall weakening economy, our clients may demand more favorable pricing terms while their ability to pay our invoices may be adversely affected. Our government clients may face budget deficits that prohibit them from funding proposed and existing projects. If the economy weakens and/or government spending is reduced, our revenue and profitability could be adversely affected.
Our contracts with governmental agencies are subject to audit, which could result in adjustments to reimbursable contract costs or, if we are charged with wrongdoing, possible temporary or permanent suspension from participating in government programs.
Our books and records are subject to audit by the various governmental agencies we serve and their representatives. These audits can result in adjustments to the amount of contract costs we believe are reimbursable by the agencies and the amount of our overhead costs allocated to the agencies. In addition, if one of our subsidiaries is charged with wrongdoing as a result of an audit, that subsidiary, and possibly our company as a whole, could be temporarily suspended or could be prohibited from bidding on and receiving future government contracts for a period of time. Furthermore, as a government contractor, we are subject to an increased risk of investigations, criminal prosecution, civil fraud, whistleblower lawsuits and other legal actions and liabilities to which purely private sector companies are not, the results of which could harm our business.
Our business and operating results could be adversely affected by losses under fixed-price contracts.
Fixed-price contracts require us to either perform all work under the contract for a specified lump-sum or to perform an estimated number of units of work at an agreed price per unit, with the total payment determined by the actual number of units performed. In fiscal 2007, approximately 37% of our revenue was recognized under fixed-price contracts. Fixed-price contracts are the predominant method of contracting outside of the United States and our exposure to fixed-price contracts will likely increase as we increase the non-U.S. portions of our business. Fixed-price contracts expose us to a number of risks not inherent in cost-plus and time and material contracts, including underestimation of costs, ambiguities in specifications, unforeseen costs or difficulties, problems with new technologies, delays beyond our control, failures of subcontractors to perform and economic or other changes that may occur during the contract period. Losses under fixed- price contracts could be substantial and harm our results of operations.
We conduct a portion of our operations through joint venture entities, over which we may have limited control.
Approximately 27% of our fiscal 2007 revenue was derived from our operations through joint ventures or similar partner arrangements, where control may be shared with unaffiliated third parties. As with most joint venture arrangements, differences in views among the joint venture participants may result in delayed decisions or disputes. We also cannot control the actions of our joint venture partners, and we typically have joint and several liability with our joint venture partners under the applicable contracts for joint venture projects. These factors could potentially harm the business and operations of a joint venture and, in turn, our business and operations.
Operating through joint ventures in which we are minority holders results in us having limited control over many decisions made with respect to projects and internal controls relating to projects. Approximately 12% of our fiscal 2007 revenue was derived from our unconsolidated joint ventures where we generally do not have control of the joint venture. These joint ventures may not be subject to the same requirements regarding internal controls and internal control over financial reporting that we follow. As a result, internal control problems may arise with respect to these joint ventures, which could have a material adverse effect on our financial condition and results of operations.
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Misconduct by our employees or consultants or our failure to comply with laws or regulations applicable to our business could cause us to lose customers or lose our ability to contract with government agencies.
As a government contractor, misconduct, fraud or other improper activities by our employees or consultants failure to comply with laws or regulations could have a significant negative impact on our business and reputation. Such misconduct could include the failure to comply with federal procurement regulations, regulations regarding the protection of classified information, legislation regarding the pricing of labor and other costs in government contracts, regulations on lobbying or similar activities, and other applicable laws or regulations. Our failure to comply with applicable laws or regulations, misconduct by any of our employees or consultants or our failure to make timely and accurate certifications to government agencies regarding misconduct or potential misconduct could subject us to fines and penalties, loss of security clearance, cancellation of contracts and suspension or debarment from contracting with government agencies, any of which may adversely affect our business.
Our defined benefit plans have significant deficits that could grow in the future and cause us to incur additional costs.
We have defined benefit pension plans for employees in the United States, United Kingdom and Australia. At June 30, 2008, our defined benefit pension plans had an aggregate deficit (the excess of projected benefit obligations over the fair value of plan assets) of approximately $115 million. In the future, our pension deficits may increase or decrease depending on changes in the levels of interest rates, pension plan performance and other factors. If we are forced or elect to make up all or a portion of the deficit for unfunded benefit plans, our profits could be materially and adversely affected.
Our operations worldwide expose us to legal, political and economic risks in different countries as well as currency exchange rate fluctuations that could harm our business and financial results.
During fiscal 2007, revenue attributable to our services provided outside of the United States was approximately 51% of our total revenue. There are risks inherent in doing business internationally, including:
· imposition of governmental controls and changes in laws, regulations or policies;
· political and economic instability;
· civil unrest, acts of terrorism, force majeure, war, or other armed conflict;
· changes in U.S. and other national government trade policies affecting the markets for our services;
· changes in regulatory practices, tariffs and taxes;
· potential non-compliance with a wide variety of laws and regulations, including the U.S. Foreign Corrupt Practice Act, export control and anti-boycott laws and similar non-U.S. laws and regulations;
· changes in labor conditions;
· logistical and communication challenges; and
· currency exchange rate fluctuations, devaluations and other conversion restrictions.
Any of these factors could have a material adverse effect on our business, results of operations or financial condition.
We work in international locations where there are high security risks, which could result in harm to our employees and contractors or material costs to us.
Some of our services are performed in high-risk locations, such as Iraq and Afghanistan, where the country or location is suffering from political, social or economic problems, or war or civil unrest. In those locations where we have employees or operations, we may incur material costs to maintain the safety of our personnel. Despite these precautions, the safety of our personnel in these locations may continue to be at risk. Acts of terrorism and threats of armed conflicts in or around various areas in which we operate could limit or disrupt markets and our operations, including disruptions resulting from the evacuation of personnel, cancellation of contracts, or the loss of key employees and contractors or assets.
Failure to successfully execute our acquisition strategy may inhibit our growth.
We have grown in part as a result of our acquisitions over the last several years, and we expect continued growth in the form of additional acquisitions and expansion into new markets. We cannot assure you that suitable acquisitions or investment opportunities will continue to be identified or that any of these transactions can be consummated on favorable terms or at all. Any future acquisitions will involve various inherent risks, such as:
· our ability to accurately assess the value, strengths, weaknesses, liabilities and potential profitability of
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acquisition candidates;
· the potential loss of key personnel of an acquired business;
· increased burdens on our staff and on our administrative, internal control and operating systems, which may hinder our legal and regulatory compliance activities;
· post-acquisition integration challenges; and
· post-acquisition deterioration in an acquired business that could result in goodwill impairment charges.
Furthermore, during the acquisition process and thereafter, our management may need to assume significant transaction-related responsibilities, which may cause them to divert their attention from our existing operations. For example, our management and other personnel have been, and will continue to be, required to devote considerable amounts of time away from other business activities to focus on the integration of Earth Tech, Inc., which we acquired in July 2008, and its employees into our business operations. If our management is unable to successfully integrate acquired companies or implement our growth strategy, our operating results could be harmed. Moreover, we cannot assure you that we will continue to successfully expand or that growth or expansion will result in profitability.
Our ability to grow and to compete in our industry will be harmed if we do not retain the continued services of our key technical and management personnel and identify, hire and retain additional qualified personnel.
There is strong competition for qualified technical and management personnel in the sectors in which we compete. We may not be able to continue to attract and retain qualified technical and management personnel, such as engineers, architects and project managers, who are necessary for the development of our business or to replace qualified personnel. Our planned growth may place increased demands on our resources and will likely require the addition of technical and management personnel and the development of additional expertise by existing personnel. Also, some of our personnel hold security clearances required to obtain government projects; if we were to lose some or all of these personnel, they would be difficult to replace. Loss of the services of, or failure to recruit, key technical and management personnel could limit our ability to complete existing projects successfully and to compete for new projects.
Our revenue and growth prospects may be harmed if we or our employees are unable to obtain the security clearances or other qualifications we and they need to perform services for our customers.
A number of government programs require contractors to have security clearances. Depending on the level of required clearance, security clearances can be difficult and time-consuming to obtain. If we or our employees are unable to obtain or retain necessary security clearances, we may not be able to win new business, and our existing customers could terminate their contracts with us or decide not to renew them. To the extent we cannot obtain or maintain the required security clearances for our employees working on a particular contract, we may not derive the revenue or profit anticipated from such contract.
Our industry is highly competitive and we may be unable to compete effectively, which could result in reduced revenue, profitability and market share.
We are engaged in a highly competitive business. The extent of competition varies with the types of services provided and the locations of the projects. Generally, we compete on the bases of technical and management capability, personnel qualifications and availability, geographic presence, experience and price. Increased competition may result in our inability to win bids for future projects and loss of revenue, profitability and market share.
Our services expose us to significant risks of liability and our insurance policies may not provide adequate coverage.
Our services involve significant risks of professional and other liabilities that may substantially exceed the fees that we derive from our services. In addition, we sometimes contractually assume liability under indemnification agreements. We cannot predict the magnitude of potential liabilities from the operation of our business.
Our professional liability policies cover only claims made during the term of the policy. Additionally, our insurance policies may not protect us against potential liability due to various exclusions in the policies and self-insured retention amounts. Partially or completely uninsured claims, if successful and of significant magnitude, could have a material adverse affect on our business.
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Our backlog of uncompleted projects under contract is subject to unexpected adjustments and cancellations and thus, may not accurately reflect future revenue and profits.
At June 30, 2008, our contracted backlog was approximately $3.9 billion and our awarded backlog was approximately $3.2 billion for a total backlog of $7.1 billion. Our contracted backlog includes revenue we expect to record in the future from signed contracts, and in the case of a public client, where the project has been funded. Our awarded backlog includes revenue we expect to record in the future where we have been awarded the work, but the contractual agreement has not yet been completed. We cannot guarantee that future revenue will be realized from either category of backlog or, if realized, will result in profits. Many projects may remain in our backlog for an extended period of time because of the size or long-term nature of the contract. In addition, from time to time projects are delayed, scaled back or cancelled. These types of backlog reductions adversely affect the revenue and profits that we ultimately receive from contracts reflected in our backlog.
We have submitted claims to clients for work we performed beyond the scope of some of our contracts. If these clients do not approve these claims, our results of operations could be adversely impacted.
We typically have pending claims submitted under some of our contracts for payment of work performed beyond the initial contractual requirements for which we have already recorded revenue. In general, we cannot guarantee that such claims will be approved in whole, in part, or at all. If these claims are not approved, our revenue may be reduced in future periods.
In conducting our business, we depend on other contractors and subcontractors. If these parties fail to satisfy their obligations to us or other parties, or if we are unable to maintain these relationships, our revenue, profitability and growth prospects could be adversely affected.
We depend on contractors and subcontractors in conducting our business. There is a risk that we may have disputes with our subcontractors arising from, among other things, the quality and timeliness of work performed by the subcontractor, customer concerns about the subcontractor, or our failure to extend existing task orders or issue new task orders under a subcontract. In addition, if any of our subcontractors fail to deliver on a timely basis the agreed-upon supplies and/or perform the agreed-upon services, our ability to fulfill our obligations as a prime contractor may be jeopardized.
We also rely on relationships with other contractors when we act as their subcontractor or joint venture partner. Our future revenue and growth prospects could be adversely affected if other contractors eliminate or reduce their subcontracts or joint venture relationships with us, or if a government agency terminates or reduces these other contractors programs, does not award them new contracts or refuses to pay under a contract.
Our quarterly operating results may fluctuate significantly.
Our quarterly revenue, expenses and operating results may fluctuate significantly because of a number of factors, including:
· the spending cycle of our public sector clients;
· employee hiring and utilization rates;
· the number and significance of client engagements commenced and completed during a quarter;
· the ability of clients to terminate engagements without penalties;
· the ability of our project managers to accurately estimate the percentage of the project completed;
· delays incurred as a result of weather conditions;
· delays incurred in connection with an engagement;
· the size and scope of engagements;
· the timing and magnitude of expenses incurred for, or savings realized from, corporate initiatives;
· the impairment of goodwill or other intangible assets; and
· general economic and political conditions.
Variations in any of these factors could cause significant fluctuations in our operating results from quarter to quarter.
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Systems and information technology interruption could adversely impact our ability to operate.
We rely heavily on computer, information and communications technology and related systems in order to properly operate. From time to time, we experience occasional system interruptions and delays. If we are unable to continually add software and hardware, effectively upgrade our systems and network infrastructure and take other steps to improve the efficiency of and protect our systems, systems operation could be interrupted or delayed. In addition, our computer and communications systems and operations could be damaged or interrupted by natural disasters, telecommunications failures, acts of war or terrorism, computer viruses, physical or electronic security breaches and similar events or disruptions. Any of these or other events could cause system interruption, delays and loss of critical data, could delay or prevent operations, and could adversely affect our operating results.
Our charter documents contain provisions that may delay, defer or prevent a change of control.
Provisions of our certificate of incorporation and bylaws could make it more difficult for a third party to acquire control of us, even if the change in control would be beneficial to stockholders. These provisions include the following:
· division of our Board of Directors into three classes, with each class serving a staggered three-year term;
· removal of directors for cause only;
· ability of our Board of Directors to authorize the issuance of preferred stock in series without stockholder approval;
· two-thirds stockholder vote requirement to approve specified business combinations, which include a sale of substantially all of our assets;
· vesting of exclusive authority in our Board of Directors to determine the size of the board (subject to limited exceptions) and to fill vacancies;
· advance notice requirements for stockholder proposals and nominations for election to our Board of Directors; and
· prohibitions on our stockholders from acting by written consent and limitations on calling special meetings.
We do not expect to pay any cash dividends for the foreseeable future.
We do not anticipate paying any cash dividends to our stockholders for the foreseeable future. Our credit facilities also restrict our ability to pay dividends. Accordingly, you may have to sell some or all of your common stock in order to generate cash flow from your investment. You may not receive a gain on your investment when you sell our common stock and may lose some or all of the amount of your investment. Any determination to pay dividends in the future will be made at the discretion of our board of directors and will depend on our results of operations, financial conditions, contractual restrictions, restrictions imposed by applicable law and other factors our board of directors deems relevant.
We have incurred and will continue to incur increased costs as a result of being a publicly-traded company.
We completed the initial public offering of our common stock in May of 2007 and such shares are now traded on the New York Stock Exchange (NYSE). As a company with publicly-traded securities, we have incurred and will continue to incur significant legal, accounting and other expenses not incurred as a private company. In addition, the Sarbanes-Oxley Act of 2002, as well as rules promulgated by the SEC and the NYSE, requires us to adopt corporate governance practices applicable to U.S. public companies. These rules and regulations have increased and will continue to increase our legal and financial compliance costs.
If we do not timely satisfy the requirements of Section 404 of the Sarbanes-Oxley Act of 2002, the trading price of our common stock could be adversely affected.
Section 404 of the Sarbanes-Oxley Act of 2002 requires us to document and test the effectiveness of our internal controls over financial reporting in accordance with an established internal control framework and to report on our conclusion as to the effectiveness of our internal controls. It also requires our independent registered public accounting firm to test our internal controls over financial reporting and report on the effectiveness of such controls beginning with our fiscal year ending September 30, 2008. Any delays or difficulty in satisfying these requirements could cause some investors to lose confidence in, or otherwise be unable to rely on, the accuracy of our reported financial information, which could adversely affect the trading price of our common stock.
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SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
(Cautionary Statements Under the Private Securities Litigation Reform Act of 1995)
This prospectus contains statements which, to the extent that they do not recite historical fact, constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words believe, expect, estimate, may, will, could, plan or continue and similar expressions are intended to identify forward-looking statements. Such forward-looking information involves important risks and uncertainties that could materially alter results in the future from those expressed in any forward-looking statements made by us or on our behalf. These risks and uncertainties include, but are not limited to:
· our dependence on long-term government contracts, which are subject to the governments budgetary approval process;
· the possibility that our government contracts may be terminated by the government;
· our ability to successfully manage our joint ventures;
· the risk of employee misconduct or our failure to comply with laws and regulations;
· our ability to successfully execute our mergers and acquisitions strategy, including the integration of new companies into our business;
· our ability to attract and retain key technical and management personnel;
· our ability to complete our backlog of uncompleted projects as currently projected;
· competitive pressures and trends in our industry;
· our liquidity and capital resources; and
· other factors identified throughout this prospectus.
In addition, this prospectus contains industry data related to our business and the markets in which we operate. This data includes projections that are based on a number of assumptions. If these assumptions turn out to be incorrect, actual results could differ from the projections.
We caution you that forward-looking statements are only predictions and that actual events or results may differ materially. In evaluating these statements, you should specifically consider the various factors that could cause actual events or results to differ materially from those indicated by the forward-looking statements, including the information that we discuss in the section entitled Risk Factors.
We will not receive any proceeds from the sale of shares by the selling stockholders. See Selling Stockholders and Plan of Distribution.
9
We are registering the above-referenced shares to permit each of the selling stockholders listed below and their pledgees, donees, transferees or other successors-in-interest that receive their shares after the date of this prospectus to resell the shares in the manner contemplated under the Plan of Distribution.
The shares offered by this prospectus may be offered from time to time by the selling stockholders and the selling stockholders may sell some, all or none of their shares. We do not know how long the selling stockholders will hold the shares before selling them. We currently have no agreements, arrangements or understandings with the selling stockholders regarding the sale of any of the shares.
The following table sets forth the name of each selling stockholder, the number of shares beneficially owned by each of the respective selling stockholders and the number of shares of our common stock owned by the selling stockholders after this offering is completed, assuming all of such stockholders shares are sold. The number of shares in the column Number of Shares Being Offered represents all of the shares that a selling stockholder may offer under this prospectus.
Each of the selling stockholders was or currently is an employee of one of our affiliates and received the shares convertible into the shares being registered in connection with one of the acquisitions of the applicable affiliate.
Based on the information provided to us by the selling stockholders, none of the selling stockholders is, or is affiliated with, a broker-dealer. Each of the selling stockholders has represented to us that it had no agreement or understanding, directly or indirectly, with any person to distribute the securities.
Ownership is based upon information provided by each respective selling stockholder. Unless otherwise noted, none of the share amounts set forth below represents more than 1% of our outstanding stock as of September 30, 2008, adjusted as required by rules promulgated by the SEC. The percentages of shares owned after the offering are based on 102,983,378 shares of our common stock outstanding as of September 30, 2008.
The selling stockholders may have sold or transferred, in transactions exempt from the registration requirements of the Securities Act of 1933, some or all of their shares since the date on which the information in the table is presented. Information about the selling stockholders may change over time.
10
|
|
Number of Shares of Common Stock |
|
Number of Shares |
|
Number of Shares Beneficially Owned |
|
||||
|
|
Number |
|
Percentage |
|
Offered |
|
Number |
|
Percentage |
|
EVELYN AGUILA |
|
378.0 |
|
* |
|
378.0 |
|
0.0 |
|
* |
|
DRAYSON AKHURST (1) |
|
56.0 |
|
* |
|
56.0 |
|
0.0 |
|
* |
|
PAT AMBROZ |
|
920.0 |
|
* |
|
920.0 |
|
0.0 |
|
* |
|
GRANT ANDERSON (2) |
|
25,004.0 |
|
* |
|
25,004.0 |
|
0.0 |
|
* |
|
STACEY ANDRUS |
|
714.0 |
|
* |
|
714.0 |
|
0.0 |
|
* |
|
ZAHIR ANTIA |
|
1,067.0 |
|
* |
|
1,067.0 |
|
0.0 |
|
* |
|
ROBERT ARMSTRONG |
|
1,726.6 |
|
* |
|
1,100.0 |
|
626.6 |
|
* |
|
ROLF ASLUND |
|
1,556.5 |
|
* |
|
1,288.0 |
|
268.5 |
|
* |
|
PIERRE ASSELIN (3) |
|
15,141.0 |
|
* |
|
15,141.0 |
|
0.0 |
|
* |
|
KEVIN BAIN |
|
1,898.0 |
|
* |
|
1,898.0 |
|
0.0 |
|
* |
|
HARRY BAYTALAN |
|
570.0 |
|
* |
|
570.0 |
|
0.0 |
|
* |
|
LYNDA BEAUDIN (4) |
|
3,350.0 |
|
* |
|
3,350.0 |
|
0.0 |
|
* |
|
PIERRE BEAULIEU |
|
560.0 |
|
* |
|
560.0 |
|
0.0 |
|
* |
|
FRANCOIS BEAUSEJOUR |
|
224.0 |
|
* |
|
224.0 |
|
0.0 |
|
* |
|
PAUL BEAUSOLEIL |
|
89.0 |
|
* |
|
89.0 |
|
0.0 |
|
* |
|
HOWARD BECKER (5) |
|
1,576.0 |
|
* |
|
1,576.0 |
|
0.0 |
|
* |
|
TOM BECKER (6) |
|
848.0 |
|
* |
|
848.0 |
|
0.0 |
|
* |
|
XIAOJIE BEI |
|
486.0 |
|
* |
|
486.0 |
|
0.0 |
|
* |
|
JEAN FABIEN BELANGER |
|
67.0 |
|
* |
|
67.0 |
|
0.0 |
|
* |
|
BRUCE BELMORE |
|
4,242.7 |
|
* |
|
3,576.0 |
|
666.7 |
|
* |
|
JEFF BELZIUK |
|
370.8 |
|
* |
|
204.0 |
|
166.8 |
|
* |
|
LUC BENOIT (7) |
|
137,107.0 |
|
* |
|
137,107.0 |
|
0.0 |
|
* |
|
JEAN-GUY BERNIER (8) |
|
7,802.0 |
|
* |
|
7,802.0 |
|
0.0 |
|
* |
|
DAVID BERRINGTON (9) |
|
58.0 |
|
* |
|
10.0 |
|
48.0 |
|
* |
|
LARRY BIELUS (10) |
|
318.0 |
|
* |
|
160.0 |
|
158.0 |
|
* |
|
BRUCE W BIGLOW |
|
2,458.0 |
|
* |
|
2,458.0 |
|
0.0 |
|
* |
|
MICHAEL BISHOP (11) |
|
2,258.0 |
|
* |
|
1,322.0 |
|
936.0 |
|
* |
|
STEPHEN B BISWANGER (12) |
|
1,568.0 |
|
* |
|
1,568.0 |
|
0.0 |
|
* |
|
ERIC-LORNE BLAIS (13) |
|
804.0 |
|
* |
|
804.0 |
|
0.0 |
|
* |
|
BERNHARDT BLIESKE (14) |
|
2,804.0 |
|
* |
|
2,804.0 |
|
0.0 |
|
* |
|
PETER BOHONOS (15) |
|
34.0 |
|
* |
|
34.0 |
|
0.0 |
|
* |
|
LUCIE BOISJOLY |
|
2,243.0 |
|
* |
|
2,243.0 |
|
0.0 |
|
* |
|
GORDON BONE (16) |
|
937.7 |
|
* |
|
922.0 |
|
15.7 |
|
* |
|
BRIAN BOURASSA |
|
148.0 |
|
* |
|
148.0 |
|
0.0 |
|
* |
|
ROD BOWER (17) |
|
322.0 |
|
* |
|
322.0 |
|
0.0 |
|
* |
|
GARY BOYD |
|
1,082.0 |
|
* |
|
800.0 |
|
282.0 |
|
* |
|
ELIZABETH A BRADSHAW (18) |
|
712.0 |
|
* |
|
712.0 |
|
0.0 |
|
* |
|
FRANK BRANNEN (19) |
|
2,166.0 |
|
* |
|
2,166.0 |
|
0.0 |
|
* |
|
BRANT INVESTMENT LIMITED FBO LONDON LIFE ASSURANCE COMPANY |
|
239,205.0 |
|
* |
|
239,205.0 |
|
0.0 |
|
* |
|
SRDJAN BRASIC |
|
378.0 |
|
* |
|
378.0 |
|
0.0 |
|
* |
|
LESLIE BRAUN (20) |
|
460.6 |
|
* |
|
96.0 |
|
364.6 |
|
* |
|
JOHN BRAYBROOKS |
|
4,218.0 |
|
* |
|
4,218.0 |
|
0.0 |
|
* |
|
RICHARD BRETON |
|
112.0 |
|
* |
|
112.0 |
|
0.0 |
|
* |
|
DAWN BROCKINGTON |
|
127.3 |
|
* |
|
48.0 |
|
79.3 |
|
* |
|
ROKUS BROERE |
|
4,390.0 |
|
* |
|
4,390.0 |
|
0.0 |
|
* |
|
ROLAND BUCKMAYER |
|
1,037.7 |
|
* |
|
860.0 |
|
177.7 |
|
* |
|
CHARMAINE BUHLER |
|
1,190.0 |
|
* |
|
1,190.0 |
|
0.0 |
|
* |
|
ROBERT BUIE |
|
11,626.0 |
|
* |
|
11,626.0 |
|
0.0 |
|
* |
|
MICHAEL BULMAN (21) |
|
5,234.0 |
|
* |
|
5,234.0 |
|
0.0 |
|
* |
|
RYAN CADIEUX |
|
148.0 |
|
* |
|
148.0 |
|
0.0 |
|
* |
|
KATHLEEN CALLOW (22) |
|
56.0 |
|
* |
|
56.0 |
|
0.0 |
|
* |
|
KELVIN CAREY (23) |
|
264.0 |
|
* |
|
264.0 |
|
0.0 |
|
* |
|
REJEAN CARRIER |
|
168.0 |
|
* |
|
168.0 |
|
0.0 |
|
* |
|
DWIGHT J CARTER (24) |
|
11,574.0 |
|
* |
|
10,574.0 |
|
1,000.0 |
|
* |
|
DAVID CHALCROFT (25) |
|
7,986.0 |
|
* |
|
7,986.0 |
|
0.0 |
|
* |
|
11
DENIS CHARBONNEAU |
|
2,361.0 |
|
* |
|
2,361.0 |
|
0.0 |
|
* |
|
JODY CHERDARCHUK |
|
659.2 |
|
* |
|
636.0 |
|
23.2 |
|
* |
|
HAROLD CHIN |
|
406.0 |
|
* |
|
406.0 |
|
0.0 |
|
* |
|
LESTER R CHUTE (26) |
|
378.0 |
|
* |
|
378.0 |
|
0.0 |
|
* |
|
ROMEO CIUBOTARIU (27) |
|
4,205.0 |
|
* |
|
4,205.0 |
|
0.0 |
|
* |
|
JAMES R CLARE |
|
700.5 |
|
* |
|
588.0 |
|
112.5 |
|
* |
|
DOUG CLARK |
|
238.8 |
|
* |
|
138.0 |
|
100.8 |
|
* |
|
DAVID CLARKE (28) |
|
9,655.0 |
|
* |
|
7,436.0 |
|
2,219.0 |
|
* |
|
THOMAS G CLARKE (29) |
|
11,582.0 |
|
* |
|
11,582.0 |
|
0.0 |
|
* |
|
JACKIE COAD |
|
222.9 |
|
* |
|
188.0 |
|
34.9 |
|
* |
|
CARLIE COLLIER |
|
251.2 |
|
* |
|
234.0 |
|
17.2 |
|
* |
|
TERRY A COMEAU |
|
11,268.9 |
|
* |
|
11,206.0 |
|
62.9 |
|
* |
|
NANCY COOKE |
|
56.0 |
|
* |
|
56.0 |
|
0.0 |
|
* |
|
MARCEL COQUET |
|
700.8 |
|
* |
|
650.0 |
|
50.8 |
|
* |
|
PAUL CORBEIL |
|
112.0 |
|
* |
|
112.0 |
|
0.0 |
|
* |
|
CAROL CRAIG |
|
378.0 |
|
* |
|
378.0 |
|
0.0 |
|
* |
|
MARK CRELLIN |
|
56.0 |
|
* |
|
56.0 |
|
0.0 |
|
* |
|
ERIC CRESSWELL |
|
81.5 |
|
* |
|
60.0 |
|
21.5 |
|
* |
|
BRAD CROFT |
|
1,282.0 |
|
* |
|
1,282.0 |
|
0.0 |
|
* |
|
JEFF CROFTON (30) |
|
570.0 |
|
* |
|
570.0 |
|
0.0 |
|
* |
|
DARREN CRUNDWELL |
|
146.8 |
|
* |
|
42.0 |
|
104.8 |
|
* |
|
GARFIELD CUMMINGS |
|
687.8 |
|
* |
|
490.0 |
|
197.8 |
|
* |
|
REJEAN DAIGNEAULT (31) |
|
5,817.0 |
|
* |
|
5,817.0 |
|
0.0 |
|
* |
|
ABE DALY |
|
112.0 |
|
* |
|
112.0 |
|
0.0 |
|
* |
|
MARC DANSEREAU (32) |
|
1,806.0 |
|
* |
|
248.0 |
|
1,558.0 |
|
* |
|
KELLY DAYMAN |
|
1,856.5 |
|
* |
|
1,788.0 |
|
68.5 |
|
* |
|
MEHEMED DELIBASIC |
|
48.4 |
|
* |
|
2.0 |
|
46.4 |
|
* |
|
PATRICK G DEOUX |
|
67.0 |
|
* |
|
67.0 |
|
0.0 |
|
* |
|
CINDY DESJARLAIS |
|
99.8 |
|
* |
|
82.0 |
|
17.8 |
|
* |
|
PRAN N DEV |
|
22.0 |
|
* |
|
22.0 |
|
0.0 |
|
* |
|
NIZAR DHANANI (33) |
|
10,498.0 |
|
* |
|
10,498.0 |
|
0.0 |
|
* |
|
BRUCE W DICKEY |
|
70.0 |
|
* |
|
70.0 |
|
0.0 |
|
* |
|
ELAINE DICKIE (34) |
|
6,163.5 |
|
* |
|
5,994.0 |
|
169.5 |
|
* |
|
JERRY DIRK |
|
376.0 |
|
* |
|
376.0 |
|
0.0 |
|
* |
|
MARIE DOUALAN (35) |
|
56.0 |
|
* |
|
56.0 |
|
0.0 |
|
* |
|
JEAN PIERRE DUBE |
|
2,804.0 |
|
* |
|
2,804.0 |
|
0.0 |
|
* |
|
DANIEL M DUBOWY |
|
112.0 |
|
* |
|
112.0 |
|
0.0 |
|
* |
|
RENE DUBUC |
|
616.0 |
|
* |
|
616.0 |
|
0.0 |
|
* |
|
JACQUES DUCHESNE |
|
67.0 |
|
* |
|
67.0 |
|
0.0 |
|
* |
|
GLENN DUKE |
|
1,543.0 |
|
* |
|
1,543.0 |
|
0.0 |
|
* |
|
STEVEN EBERHARDT (36) |
|
450.0 |
|
* |
|
450.0 |
|
0.0 |
|
* |
|
SHIRLEY EDMONDS |
|
888.0 |
|
* |
|
888.0 |
|
0.0 |
|
* |
|
JOSILIEN EDOUARD |
|
302.0 |
|
* |
|
302.0 |
|
0.0 |
|
* |
|
CHRISTINE ELL |
|
822.2 |
|
* |
|
692.0 |
|
130.2 |
|
* |
|
GRAHAM EMMERSON |
|
446.0 |
|
* |
|
446.0 |
|
0.0 |
|
* |
|
GERRY ENS |
|
24,260.4 |
|
* |
|
24,064.0 |
|
196.4 |
|
* |
|
ALLAN EROSHINSKY (37) |
|
28.0 |
|
* |
|
28.0 |
|
0.0 |
|
* |
|
GARTH FAROUGH (38) |
|
3,430.9 |
|
* |
|
3,354.0 |
|
76.9 |
|
* |
|
RAYMOND FAUCHER |
|
2,348.0 |
|
* |
|
2,348.0 |
|
0.0 |
|
* |
|
CHRISTOPHER S FEHLER (39) |
|
1,321.3 |
|
* |
|
1,262.0 |
|
59.3 |
|
* |
|
BRIAN FEUER (40) |
|
1,096.0 |
|
* |
|
1,096.0 |
|
0.0 |
|
* |
|
FRED FIEBER |
|
1,703.5 |
|
* |
|
1,470.0 |
|
233.5 |
|
* |
|
BOB FLEETON (41) |
|
13,968.0 |
|
* |
|
13,968.0 |
|
0.0 |
|
* |
|
STEVEN FLYNN |
|
198.0 |
|
* |
|
198.0 |
|
0.0 |
|
* |
|
MICKAEL FONTIN |
|
168.0 |
|
* |
|
168.0 |
|
0.0 |
|
* |
|
ROBERT FORAN (42) |
|
704.7 |
|
* |
|
632.0 |
|
72.7 |
|
* |
|
ELIZABETH FORD |
|
196.0 |
|
* |
|
132.0 |
|
64.0 |
|
* |
|
GEORGES FOREST (43) |
|
854.0 |
|
* |
|
854.0 |
|
0.0 |
|
* |
|
JEAN FOURNIER (44) |
|
30,910.0 |
|
* |
|
30,910.0 |
|
0.0 |
|
* |
|
12
RONALD FRASER |
|
309.0 |
|
* |
|
166.0 |
|
143.0 |
|
* |
|
JAMES FRIESEN (45) |
|
300.0 |
|
* |
|
300.0 |
|
0.0 |
|
* |
|
JACQUES GAGNE |
|
30,854.0 |
|
* |
|
30,854.0 |
|
0.0 |
|
* |
|
CLAUDIE GAGNON |
|
316.0 |
|
* |
|
316.0 |
|
0.0 |
|
* |
|
RON GALEY (46) |
|
1,904.0 |
|
* |
|
1,904.0 |
|
0.0 |
|
* |
|
DON GALLANT (47) |
|
5,330.0 |
|
* |
|
5,330.0 |
|
0.0 |
|
* |
|
AUDRY GARSIDE |
|
378.0 |
|
* |
|
378.0 |
|
0.0 |
|
* |
|
TODD GATTINGER (48) |
|
3,848.0 |
|
* |
|
1,950.0 |
|
1,898.0 |
|
* |
|
DON GEORGE (49) |
|
9,770.0 |
|
* |
|
7,638.0 |
|
2,132.0 |
|
* |
|
NICK GEREMIA |
|
3,074.0 |
|
* |
|
3,074.0 |
|
0.0 |
|
* |
|
WILLIAM GERMAN (50) |
|
1,928.0 |
|
* |
|
1,928.0 |
|
0.0 |
|
* |
|
MARSHALL GIBBONS (51) |
|
152.0 |
|
* |
|
152.0 |
|
0.0 |
|
* |
|
LOUIS GILBERT (52) |
|
5,479.0 |
|
* |
|
5,479.0 |
|
0.0 |
|
* |
|
DALE GILBERTSON |
|
4,780.0 |
|
* |
|
4,780.0 |
|
0.0 |
|
* |
|
DAVID GILBERTSON |
|
115.1 |
|
* |
|
40.0 |
|
75.1 |
|
* |
|
JACQUES GIRARD |
|
67.0 |
|
* |
|
67.0 |
|
0.0 |
|
* |
|
ALFRED GLADU (53) |
|
5,818.0 |
|
* |
|
5,818.0 |
|
0.0 |
|
* |
|
A RICHARD GORDON |
|
10,256.8 |
|
* |
|
9,036.0 |
|
1,220.8 |
|
* |
|
MARCEL GOSSELIN |
|
20.3 |
|
* |
|
4.0 |
|
16.3 |
|
* |
|
BENEDICT GRIECO (54) |
|
600.0 |
|
* |
|
600.0 |
|
0.0 |
|
* |
|
GEORGINA GRIFFIN (55) |
|
772.0 |
|
* |
|
772.0 |
|
0.0 |
|
* |
|
ANDREW GRZEBINSKI |
|
657.1 |
|
* |
|
312.0 |
|
345.1 |
|
* |
|
ANDRE GUALA |
|
729.0 |
|
* |
|
729.0 |
|
0.0 |
|
* |
|
PIETRO GUERRA |
|
112.0 |
|
* |
|
112.0 |
|
0.0 |
|
* |
|
NORMAN GUILD (56) |
|
228.0 |
|
* |
|
228.0 |
|
0.0 |
|
* |
|
KEVIN GULKA |
|
540.3 |
|
* |
|
300.0 |
|
240.3 |
|
* |
|
DEBORAH HALMA |
|
224.0 |
|
* |
|
224.0 |
|
0.0 |
|
* |
|
JEAN HAMAOUI |
|
13,560.0 |
|
* |
|
13,560.0 |
|
0.0 |
|
* |
|
CHRISTOPHER HAMEL |
|
3,695.0 |
|
* |
|
3,695.0 |
|
0.0 |
|
* |
|
MARY A HAMERNYK |
|
378.0 |
|
* |
|
378.0 |
|
0.0 |
|
* |
|
ROBERT HANEWICH (57) |
|
5,516.0 |
|
* |
|
5,516.0 |
|
0.0 |
|
* |
|
MIKAELA HANLEY (58) |
|
70.0 |
|
* |
|
70.0 |
|
0.0 |
|
* |
|
SHERI HARMSWORTH |
|
416.0 |
|
* |
|
416.0 |
|
0.0 |
|
* |
|
MARTIN HARVEY |
|
67.0 |
|
* |
|
67.0 |
|
0.0 |
|
* |
|
TIMOTHY HAUBRICH |
|
378.0 |
|
* |
|
378.0 |
|
0.0 |
|
* |
|
BARRY HAWKINS (59) |
|
3,267.0 |
|
* |
|
2,048.0 |
|
1,219.0 |
|
* |
|
MARTINUS HEIKOOP |
|
56.0 |
|
* |
|
56.0 |
|
0.0 |
|
* |
|
GINI HENDERSON |
|
254.0 |
|
* |
|
254.0 |
|
0.0 |
|
* |
|
DONALD K HESTER (60) |
|
5,352.0 |
|
* |
|
5,352.0 |
|
0.0 |
|
* |
|
JAMES HICKLE |
|
446.0 |
|
* |
|
446.0 |
|
0.0 |
|
* |
|
BILL HJELHOLT |
|
426.0 |
|
* |
|
426.0 |
|
0.0 |
|
* |
|
STEVE HOLLINGSHEAD |
|
5,896.0 |
|
* |
|
5,896.0 |
|
0.0 |
|
* |
|
ROSS HOMENIUK |
|
738.1 |
|
* |
|
544.0 |
|
194.1 |
|
* |
|
PETER HOOGE |
|
3,642.0 |
|
* |
|
3,642.0 |
|
0.0 |
|
* |
|
GEORGE HORNING |
|
3,086.3 |
|
* |
|
3,086.0 |
|
0.3 |
|
* |
|
BARRY HOWALD (61) |
|
378.0 |
|
* |
|
378.0 |
|
0.0 |
|
* |
|
MICHEL HUARD |
|
409.3 |
|
* |
|
224.0 |
|
185.3 |
|
* |
|
WILLIAM HUTMACHER |
|
408.0 |
|
* |
|
408.0 |
|
0.0 |
|
* |
|
PATRICIA INGRAM |
|
59.9 |
|
* |
|
32.0 |
|
27.9 |
|
* |
|
FRANK IWANCHUK |
|
1,026.0 |
|
* |
|
1,026.0 |
|
0.0 |
|
* |
|
GEORGE IWASYKIW |
|
264.0 |
|
* |
|
264.0 |
|
0.0 |
|
* |
|
ALEXANDER J IZETT |
|
333.1 |
|
* |
|
298.0 |
|
35.1 |
|
* |
|
BRIAN J JACKSON |
|
378.0 |
|
* |
|
378.0 |
|
0.0 |
|
* |
|
WALLY JACKSON |
|
172.3 |
|
* |
|
116.0 |
|
56.3 |
|
* |
|
HEATHER JANTZI (62) |
|
496.7 |
|
* |
|
470.0 |
|
26.7 |
|
* |
|
CARL JAWORSKI (63) |
|
3,756.0 |
|
* |
|
3,756.0 |
|
0.0 |
|
* |
|
DUSTIN JOHNSTON |
|
172.2 |
|
* |
|
94.0 |
|
78.2 |
|
* |
|
SHEILA JORDAN |
|
406.4 |
|
* |
|
310.0 |
|
96.4 |
|
* |
|
ANDRE JULIEN |
|
1,682.0 |
|
* |
|
1,682.0 |
|
0.0 |
|
* |
|
13
RONALD JULIEN |
|
448.0 |
|
* |
|
448.0 |
|
0.0 |
|
* |
|
NORVIN KATRUSIAK (64) |
|
216.0 |
|
* |
|
216.0 |
|
0.0 |
|
* |
|
DOUGLAS KELSCH (65) |
|
994.0 |
|
* |
|
834.0 |
|
160.0 |
|
* |
|
JAMES KENNEDY |
|
271.8 |
|
* |
|
264.0 |
|
7.8 |
|
* |
|
JAMES V KENNY |
|
8,894.5 |
|
* |
|
8,668.0 |
|
226.5 |
|
* |
|
DONALD KIDD |
|
201.5 |
|
* |
|
120.0 |
|
81.5 |
|
* |
|
EDWIN KLASSEN (66) |
|
1,646.0 |
|
* |
|
1,646.0 |
|
0.0 |
|
* |
|
DAVID KLIPPENSTEIN (67) |
|
5,708.0 |
|
* |
|
5,708.0 |
|
0.0 |
|
* |
|
TOM KNIGHT (68) |
|
15,932.0 |
|
* |
|
14,266.0 |
|
1,666.0 |
|
* |
|
TED KOCH (69) |
|
1,524.0 |
|
* |
|
1,524.0 |
|
0.0 |
|
* |
|
TONY KOCH |
|
2,484.0 |
|
* |
|
2,484.0 |
|
0.0 |
|
* |
|
BARBARA KOLESNIK (70) |
|
36.0 |
|
* |
|
36.0 |
|
0.0 |
|
* |
|
ALLEN KOLISNYK |
|
148.0 |
|
* |
|
148.0 |
|
0.0 |
|
* |
|
JEREMY O KON |
|
40,000.0 |
|
* |
|
40,000.0 |
|
0.0 |
|
* |
|
KENNETH KORCHINSKI |
|
5,054.0 |
|
* |
|
5,054.0 |
|
0.0 |
|
* |
|
ALEX KOZUN (71) |
|
3,358.0 |
|
* |
|
3,358.0 |
|
0.0 |
|
* |
|
TOMASZ KROMAN (72) |
|
690.0 |
|
* |
|
690.0 |
|
0.0 |
|
* |
|
WALDERMAR KRUGER |
|
28.0 |
|
* |
|
28.0 |
|
0.0 |
|
* |
|
JOANNE KRUPA |
|
3,972.0 |
|
* |
|
3,972.0 |
|
0.0 |
|
* |
|
KEVIN D KUEFLER (73) |
|
758.0 |
|
* |
|
758.0 |
|
0.0 |
|
* |
|
JEAN LA COUTURE (74) |
|
560.0 |
|
* |
|
560.0 |
|
0.0 |
|
* |
|
JACQUES LABRECQUE |
|
67.0 |
|
* |
|
67.0 |
|
0.0 |
|
* |
|
SYLVAIN LACASSE |
|
1,057.0 |
|
* |
|
1,057.0 |
|
0.0 |
|
* |
|
MARC LAFORTUNE |
|
112.0 |
|
* |
|
112.0 |
|
0.0 |
|
* |
|
PATRICK J LALACH (75) |
|
1,268.8 |
|
* |
|
1,070.0 |
|
198.8 |
|
* |
|
REGINALD LALACH (76) |
|
884.9 |
|
* |
|
770.0 |
|
114.9 |
|
* |
|
DAVID LANE (77) |
|
2,474.0 |
|
* |
|
1,604.0 |
|
870.0 |
|
* |
|
RANDY LANGILLE |
|
386.7 |
|
* |
|
204.0 |
|
182.7 |
|
* |
|
LIONEL J LANGLOIS |
|
10.0 |
|
* |
|
10.0 |
|
0.0 |
|
* |
|
SYLVAIN LAPORTE |
|
1,156.4 |
|
* |
|
1,132.0 |
|
24.4 |
|
* |
|
MARG LATHAM (78) |
|
2,124.0 |
|
* |
|
2,124.0 |
|
0.0 |
|
* |
|
BON LAI LAU |
|
1,103.1 |
|
* |
|
774.0 |
|
329.1 |
|
* |
|
CLARENCE LAU |
|
612.0 |
|
* |
|
612.0 |
|
0.0 |
|
* |
|
ANDRE LAUZON |
|
9,004.0 |
|
* |
|
9,004.0 |
|
0.0 |
|
* |
|
GUYLAINE LAVALLEE |
|
316.0 |
|
* |
|
316.0 |
|
0.0 |
|
* |
|
JOHANE LAVIGNE |
|
157.0 |
|
* |
|
157.0 |
|
0.0 |
|
* |
|
SYLVAIN LAVOIE |
|
168.0 |
|
* |
|
168.0 |
|
0.0 |
|
* |
|
MARCEL LEBLANC (79) |
|
8,084.5 |
|
* |
|
5,478.0 |
|
2,606.5 |
|
* |
|
MICHEL LEBLANC |
|
56.0 |
|
* |
|
56.0 |
|
0.0 |
|
* |
|
FRANCYNE LEDUC |
|
67.0 |
|
* |
|
67.0 |
|
0.0 |
|
* |
|
BOB LEECH |
|
19,519.0 |
|
* |
|
19,519.0 |
|
0.0 |
|
* |
|
BARBARA LEKIVETZ |
|
112.0 |
|
* |
|
112.0 |
|
0.0 |
|
* |
|
MARC LETOURNEAU |
|
56.0 |
|
* |
|
56.0 |
|
0.0 |
|
* |
|
HOWARD LEUNG |
|
2,978.0 |
|
* |
|
2,978.0 |
|
0.0 |
|
* |
|
KAREN LEUNG |
|
148.0 |
|
* |
|
148.0 |
|
0.0 |
|
* |
|
LEO LEVASSEUR (80) |
|
1,699.2 |
|
* |
|
1,378.0 |
|
321.2 |
|
* |
|
PAUL LI |
|
2,800.0 |
|
* |
|
2,800.0 |
|
0.0 |
|
* |
|
THOMAS R LIDKEA |
|
608.0 |
|
* |
|
608.0 |
|
0.0 |
|
* |
|
STEPHEN LIPKUS (81) |
|
5,130.4 |
|
* |
|
2,560.0 |
|
2,570.4 |
|
* |
|
ANWEN LIU |
|
346.0 |
|
* |
|
346.0 |
|
0.0 |
|
* |
|
EVELYN LIU |
|
1,400.2 |
|
* |
|
1,272.0 |
|
128.2 |
|
* |
|
RACHEL LIU |
|
1,114.9 |
|
* |
|
806.0 |
|
308.9 |
|
* |
|
DEBRA LONG |
|
758.0 |
|
* |
|
758.0 |
|
0.0 |
|
* |
|
LEI MA |
|
1,409.4 |
|
* |
|
660.0 |
|
749.4 |
|
* |
|
YOUSSEF MAALOUF |
|
516.0 |
|
* |
|
516.0 |
|
0.0 |
|
* |
|
CHRISTOPHER MACEY (82) |
|
5,692.0 |
|
* |
|
5,692.0 |
|
0.0 |
|
* |
|
MALCOLM MACKAY (83) |
|
3,790.0 |
|
* |
|
3,790.0 |
|
0.0 |
|
* |
|
HUGH L MACKENZIE |
|
1,110.9 |
|
* |
|
968.0 |
|
142.9 |
|
* |
|
JAMES MAH |
|
1,294.0 |
|
* |
|
1,294.0 |
|
0.0 |
|
* |
|
14
LEONARD MAH |
|
2,230.0 |
|
* |
|
2,230.0 |
|
0.0 |
|
* |
|
GARRY MAK |
|
31,906.0 |
|
* |
|
31,906.0 |
|
0.0 |
|
* |
|
BECKY MANG |
|
98.0 |
|
* |
|
30.0 |
|
68.0 |
|
* |
|
SERGE MANIUNIKOFF |
|
261.0 |
|
* |
|
261.0 |
|
0.0 |
|
* |
|
PAUL MANLEY |
|
4,798.0 |
|
* |
|
4,798.0 |
|
0.0 |
|
* |
|
ROBERT MARTIN |
|
917.9 |
|
* |
|
580.0 |
|
337.9 |
|
* |
|
GUY MAUREL (84) |
|
93.0 |
|
* |
|
93.0 |
|
0.0 |
|
* |
|
JUSTEN MCARTHUR |
|
163.5 |
|
* |
|
82.0 |
|
81.5 |
|
* |
|
LARRY MCCARTNEY (85) |
|
3,204.0 |
|
* |
|
3,204.0 |
|
0.0 |
|
* |
|
BRIAN D MCCORMACK (86) |
|
1,432.0 |
|
* |
|
1,432.0 |
|
0.0 |
|
* |
|
DOUGLAS MCCRACKEN (87) |
|
40,228.0 |
|
* |
|
40,228.0 |
|
0.0 |
|
* |
|
MARVIN MCDONALD (88) |
|
1,223.1 |
|
* |
|
1,188.0 |
|
35.1 |
|
* |
|
GUY MCLEAN (89) |
|
1,800.0 |
|
* |
|
1,800.0 |
|
0.0 |
|
* |
|
JAMES F MCLEOD (90) |
|
384.0 |
|
* |
|
384.0 |
|
0.0 |
|
* |
|
KIRBY MCRAE |
|
758.0 |
|
* |
|
758.0 |
|
0.0 |
|
* |
|
JOHN D MCWHIRTER |
|
11,340.0 |
|
* |
|
11,340.0 |
|
0.0 |
|
* |
|
KAREN MEADE |
|
464.9 |
|
* |
|
250.0 |
|
214.9 |
|
* |
|
MICHEL MENARD (91) |
|
291.0 |
|
* |
|
291.0 |
|
0.0 |
|
* |
|
FLORENT MERCIER |
|
448.0 |
|
* |
|
448.0 |
|
0.0 |
|
* |
|
JEAN FRANCOIS MERCIER |
|
1,168.0 |
|
* |
|
1,168.0 |
|
0.0 |
|
* |
|
ROLAND MERKOSKY |
|
3,076.1 |
|
* |
|
2,918.0 |
|
158.1 |
|
* |
|
MARK MERTZ (92) |
|
436.0 |
|
* |
|
436.0 |
|
0.0 |
|
* |
|
LESLIE MIKO |
|
284.0 |
|
* |
|
284.0 |
|
0.0 |
|
* |
|
DENNIS MILLER (93) |
|
2,899.8 |
|
* |
|
2,810.0 |
|
89.8 |
|
* |
|
H DALE MILLER (94) |
|
7,555.2 |
|
* |
|
5,192.0 |
|
2,363.2 |
|
* |
|
EDWARD MINOR |
|
227.1 |
|
* |
|
178.0 |
|
49.1 |
|
* |
|
DAVID MITCHELL |
|
646.0 |
|
* |
|
646.0 |
|
0.0 |
|
* |
|
GORDON MOLNAR |
|
288.0 |
|
* |
|
288.0 |
|
0.0 |
|
* |
|
THOMAS MONTGOMERY |
|
9,312.0 |
|
* |
|
9,312.0 |
|
0.0 |
|
* |
|
KENNETH MOORE |
|
1,118.0 |
|
* |
|
1,118.0 |
|
0.0 |
|
* |
|
JACQUES MORIN |
|
2,115.0 |
|
* |
|
2,115.0 |
|
0.0 |
|
* |
|
JEAN MOROZ |
|
104.5 |
|
* |
|
82.0 |
|
22.5 |
|
* |
|
FRANCOIS MORTON (95) |
|
210.0 |
|
* |
|
210.0 |
|
0.0 |
|
* |
|
DAUNE MUIR |
|
378.0 |
|
* |
|
378.0 |
|
0.0 |
|
* |
|
DIANE MUNROE (96) |
|
656.3 |
|
* |
|
642.0 |
|
14.3 |
|
* |
|
PAUL MURRAY |
|
9,672.0 |
|
* |
|
9,672.0 |
|
0.0 |
|
* |
|
VELUPILLAI NADESAN |
|
370.0 |
|
* |
|
370.0 |
|
0.0 |
|
* |
|
DENISE NAGLE |
|
178.0 |
|
* |
|
178.0 |
|
0.0 |
|
* |
|
VICTOR NATALY |
|
198.0 |
|
* |
|
198.0 |
|
0.0 |
|
* |
|
REG NELSEN |
|
824.0 |
|
* |
|
824.0 |
|
0.0 |
|
* |
|
KEVIN L NESS |
|
819.5 |
|
* |
|
726.0 |
|
93.5 |
|
* |
|
ROBERT NEUFELD (97) |
|
1,150.0 |
|
* |
|
1,150.0 |
|
0.0 |
|
* |
|
RICHARD NEVILLE (98) |
|
192.0 |
|
* |
|
192.0 |
|
0.0 |
|
* |
|
BRIAN NIEMINEN (99) |
|
526.0 |
|
* |
|
526.0 |
|
0.0 |
|
* |
|
YANLONG NIU |
|
777.2 |
|
* |
|
764.0 |
|
13.2 |
|
* |
|
ALI OBEID (100) |
|
928.0 |
|
* |
|
928.0 |
|
0.0 |
|
* |
|
STEVEN ODUT (101) |
|
3,236.0 |
|
* |
|
3,236.0 |
|
0.0 |
|
* |
|
STEPHANE OGERON |
|
201.0 |
|
* |
|
201.0 |
|
0.0 |
|
* |
|
DONALD OLIVER (102) |
|
212.7 |
|
* |
|
212.0 |
|
0.7 |
|
* |
|
ANDRE PAQUETTE (103) |
|
56.0 |
|
* |
|
56.0 |
|
0.0 |
|
* |
|
MARC PARENT |
|
30,854.0 |
|
* |
|
30,854.0 |
|
0.0 |
|
* |
|
DONATO PASQUINI |
|