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Pay Ratio Disclosure
As required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(u) of
Regulation S-K, we are providing the following information regarding the relationship of the annual total compensation of our employees and the annual total compensation of our CEO. We consider
the pay ratio specified below to be a reasonable estimate, calculated in a manner intended to be consistent with Item 402(u) of Regulation S-K.
were no changes to the employee population or compensation programs from 2017 to 2018 that would significantly impact our pay ratio disclosure. As a result, we are using the same
median employee identified in the CEO Pay Ratio disclosure included in our 2018 proxy statement. This employee represented the median employee following an examination of the W-2 reported earnings for
all employees who were employed by us on October 1, 2017, excluding our CEO. We included all employees in this analysis, whether employed on a full-time or part-time basis, and annualized the
earnings for any employee who was hired after January 1 or had a break in employment between January 1, 2017 and October 1, 2017.
median employee is a full-time hourly employee who works in our eastern operations and had no change in role and no significant change to compensation from 2017 to 2018. For the
median employee, we calculated the annual total compensation for such employee for 2018 using the same methodology we used for our NEOs as set forth in the 2018 Summary Compensation Table earlier in
2018, the value of the annual total compensation of this employee was $103,884, and the annual total compensation of our CEO was $9,227,715. The resulting pay ratio is 89:1.