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These excerpts taken from the SMG 10-K filed Dec 3, 2008. Investment
Strategy
Target allocation percentages among various asset classes are
maintained based on an individual investment policy established
for each of the various pension plans. Asset allocations are
designed to achieve long-term objectives of return, while
mitigating against downside risk and considering expected cash
requirements necessary to fund benefit payments. Subsequent to
September 30, 2008, investment markets have continued to
decline. This has put further downward pressure on the
investments of the Company’s pension plans. Management
continues to monitor this situation and the potential impact on
our future pension plan funding requirements and related
expenses. However, we cannot predict future investment returns,
and therefore cannot determine whether future pension plan
funding requirements could materially and adversely affect our
financial condition, results of operations and cash flows.
Investment Strategy Target allocation percentages among various asset classes are maintained based on an individual investment policy established for each of the various pension plans. Asset allocations are designed to achieve long-term objectives of return, while mitigating against downside risk and considering expected cash requirements necessary to fund benefit payments. Subsequent to September 30, 2008, investment markets have continued to decline. This has put further downward pressure on the investments of the Company’s pension plans. Management continues to monitor this situation and the potential impact on our future pension plan funding requirements and related expenses. However, we cannot predict future investment returns, and therefore cannot determine whether future pension plan funding requirements could materially and adversely affect our financial condition, results of operations and cash flows. These excerpts taken from the SMG 10-K filed Nov 25, 2008. Investment
Strategy
Target allocation percentages among various asset classes are
maintained based on an individual investment policy established
for each of the various pension plans. Asset allocations are
designed to achieve long-term objectives of return, while
mitigating against downside risk and considering expected cash
requirements necessary to fund benefit payments. Subsequent to
September 30, 2008, investment markets have continued to
decline. This has put further downward pressure on the
investments of the Company’s pension plans. Management
continues to monitor this situation and the potential impact on
our future pension plan funding requirements and related
expenses. However, we cannot predict future investment returns,
and therefore cannot determine whether future pension plan
funding requirements could materially and adversely affect our
financial condition, results of operations and cash flows.
Investment Strategy Target allocation percentages among various asset classes are maintained based on an individual investment policy established for each of the various pension plans. Asset allocations are designed to achieve long-term objectives of return, while mitigating against downside risk and considering expected cash requirements necessary to fund benefit payments. Subsequent to September 30, 2008, investment markets have continued to decline. This has put further downward pressure on the investments of the Company’s pension plans. Management continues to monitor this situation and the potential impact on our future pension plan funding requirements and related expenses. However, we cannot predict future investment returns, and therefore cannot determine whether future pension plan funding requirements could materially and adversely affect our financial condition, results of operations and cash flows. This excerpt taken from the SMG 10-K filed Nov 29, 2007. Investment
Strategy:
Target allocation percentages among various asset classes are
maintained based on an individual investment policy established
for each of the various pension plans. Asset allocations are
designed to achieve long term objectives of return, while
mitigating against downside risk and considering expected cash
requirements to fund benefit payments.
This excerpt taken from the SMG 10-K filed Dec 14, 2006. Investment
Strategy:
The Company maintains target allocation percentages among
various asset classes based on an individual investment policy
established for each of the various pension plans which are
designed to achieve long term objectives of return, while
mitigating against downside risk and considering expected cash
requirements to fund benefit payments. Our investment policies
are reviewed from time to time to ensure consistency with our
long-term objectives.
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