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This excerpt taken from the SMG 10-K filed Dec 14, 2006. Restructuring
Activities
In June 2005, we commenced a long-term strategic improvement
plan, focused on improving organizational effectiveness,
implementing better business processes and reducing selling,
general and administrative (“SG&A”) expenses. This
reorganization places significant pressure on many SG&A
functions to reduce headcount and streamline activities. While
management believes these efforts will ultimately generate even
stronger financial results, there can be no assurance that the
plan will achieve all of its expected savings.
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