SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
(Mark One)
x | Annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934 |
For the fiscal year end: December 31, 2013
¨ | Transition report pursuant to Section 15(d) of the Securities Exchange Act of 1934 |
For the transition period from to
Commission file number: 000-08135
A. | Full title of the plan and the address of the plan, if different from that of the issuer named below: |
Sigma-Aldrich 401(k) Retirement Savings Plan
B. | Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: |
Sigma-Aldrich Corporation
3050 Spruce Street
St. Louis, MO 63103
SIGMA-ALDRICH
401(k) RETIREMENT SAVINGS PLAN
Table of Contents and Definitions
Page | ||||
Table of Contents: | ||||
Report of Independent Registered Public Accounting Firm | 1 | |||
Statements of Net Assets Available for Benefits, December 31, 2013 and 2012 | 2 | |||
Statements of Changes in Net Assets Available for Benefits, For the Years Ended December 31, 2013 and 2012 | 3 | |||
Notes to Financial Statements, December 31, 2013 and 2012 | 4 | |||
Schedule: | ||||
1 Schedule H, Line 4i-Schedule of Assets (Held at End of Year), December 31, 2013 | 11 |
Definitions:
Company | Sigma-Aldrich Corporation | |||
ERISA | Employee Retirement Income Security Act of 1974 | |||
ESOP | Employee Stock Ownership Plan | |||
FASB ASC 820 | Financial Accounting Standards Board Accounting Standards Codification No. 820 Fair Value Measurements | |||
IRC | Internal Revenue Code | |||
IRS | Internal Revenue Service | |||
Managed Income Fund | Fidelity Managed Income Portfolio | |||
NAV | Net Asset Value | |||
Plan | Sigma-Aldrich 401(k) Retirement Savings Plan | |||
Plan Administrator | Sigma-Aldrich Administrative Committee | |||
Trustee | Fidelity Management Trust Company | |||
Report of Independent Registered Public Accounting Firm
To the Members of the Sigma-Aldrich Corporation
Retirement Plan Investment Committee
We have audited the accompanying statements of net assets available for benefits of the Sigma-Aldrich 401(k) Retirement Savings Plan as of December 31, 2013 and 2012, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Sigma-Aldrich 401(k) Retirement Savings Plan as of December 31, 2013 and 2012, and the changes in its net assets available for benefits for the years then ended in conformity with accounting principles generally accepted in the United States of America.
Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets (held at end of year) is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan’s management. The supplemental schedule has been subjected to the auditing procedures applied in the audit of the basic 2013 financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.
/s/ Brown Smith Wallace, LLC
St. Louis, Missouri
June 20, 2014
SIGMA-ALDRICH
401(k) RETIREMENT SAVINGS PLAN
Statements of Net Assets Available for Benefits
December 31, 2013 and 2012
2013 | 2012 | |||||||||
Assets: | ||||||||||
Investments, at fair value | $ | 494,800,244 | $ | 393,498,371 | ||||||
Notes receivable from participants | 7,821,514 | 7,448,667 | ||||||||
Net assets available for benefits, at fair value | 502,621,758 | 400,947,038 | ||||||||
Adjustment from fair value to contract value for interest in collective trust relating to fully benefit-responsive investment contract | (78,972 | ) | (111,336 | ) | ||||||
Net assets available for benefits | $ | 502,542,786 | $ | 400,835,702 | ||||||
The accompanying notes are an integral part of these financial statements.
2
SIGMA-ALDRICH
401(k) RETIREMENT SAVINGS PLAN
Statements of Changes in Net Assets Available for Benefits
Years ended December 31, 2013 and 2012
2013 | 2012 | ||||||||
Additions: | |||||||||
Additions to net assets attributed to: | |||||||||
Investment income: | |||||||||
Net appreciation in fair value of investments | $ | 65,315,257 | $ | 35,664,112 | |||||
Dividends | 17,061,410 | 9,960,395 | |||||||
Interest | 3,862 | 6,211 | |||||||
Total investment earnings | 82,380,529 | 45,630,718 | |||||||
Interest income on notes receivable from participants | 281,827 | 273,799 | |||||||
Miscellaneous receipts | 193,750 | 86,250 | |||||||
Contributions: | |||||||||
Employee contributions | 23,701,909 | 22,261,015 | |||||||
Employer contributions | 21,568,814 | 10,818,017 | |||||||
Rollovers | 3,655,650 | 13,374,944 | |||||||
Total contributions | 48,926,373 | 46,453,976 | |||||||
Total additions | 131,782,479 | 92,444,743 | |||||||
Deductions: | |||||||||
Deductions from net assets attributed to: | |||||||||
Benefit payments to participants | $ | (29,965,597 | ) | $ | (23,345,985 | ) | |||
Deemed distributions of participant loans | (7,274 | ) | (5,094 | ) | |||||
Administrative expenses | (102,524 | ) | (44,309 | ) | |||||
Total deductions | (30,075,395 | ) | (23,395,388 | ) | |||||
Increase in net assets available for benefits | 101,707,084 | 69,049,355 | |||||||
Net assets available for benefits, beginning of year | 400,835,702 | 331,786,347 | |||||||
Net assets available for benefits, end of year | $ | 502,542,786 | $ | 400,835,702 | |||||
The accompanying notes are an integral part of these financial statements.
3
SIGMA-ALDRICH
401(k) RETIREMENT SAVINGS PLAN
Notes to Financial Statements
December 31, 2013 and 2012
(1) | Description of the Plan |
The following description of the Plan provides only general information. Participants should refer to the Plan document and summary plan description for a more complete description of the Plan's provisions.
(a) | General |
(b) | Contributions |
Newly eligible employees are deemed to have elected to make a salary deferral of 6% of their compensation (as defined in the Plan), generally effective 45 days after date of hire, unless they file an election to contribute a different amount (or no amount) before this date.
For the Plan year ending December 31, 2012, employees not considered highly compensated could contribute 1% - 75% of eligible compensation, not to exceed the applicable IRC dollar limitation. Highly compensated employees (defined as employees receiving compensation greater than $115,000) could contribute 1% - 15% of their eligible compensation, not to exceed the IRC dollar limitation. For the Plan year ending December 31, 2012, the Company also made a fixed contribution of $150 per full-time participant and $75 per part-time participant each quarter. Additional features of the Plan included:
• | The Company contributed a match of $0.60 on each dollar of deferral contributions, up to a maximum of 6% of eligible pay. |
• | Catch-up contributions were not eligible for matching. |
Effective January 1, 2013 the following changes were made to the Plan:
• | The additional cap on contributions for highly compensated employees was eliminated. |
• | The Company eliminated the quarterly fixed contributions and replaced those contributions with a safe harbor contribution of 4.5% of compensation each pay period to each active participant's account. |
• | The Company may provide a discretionary employer contribution from 0% to 1.5% of compensation to each active participant's account if such participant is active on the last day of the Plan year. Such contribution is not guaranteed and shall be determined in the sole discretion of the Company. |
Effective October 14, 2013, the Company added an Annual Increase Program. All participants whose pretax contribution is between 1% and 9% shall be deemed to have elected to increase his or her salary deferral contribution by a rate of 2%. The Annual Increase Program automatically increases contribution rates each year, by 2% of eligible pretax pay (or 1% if the Participant is currently deferring at 9%), until an eligible employee reaches a 10% deferral. Participants may opt out of this Annual Increase Program
Each participant's account is credited with the participant's deferral contributions, rollover contributions, transferred contributions and allocations of (a) the Company's matching contributions, safe harbor contributions and discretionary contributions and (b) Plan earnings. The participant's account is debited with any distributions or withdrawals made to the participant. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account.
(c) | Participant Accounts |
(d) | Forfeitures |
(Continued)
4
SIGMA-ALDRICH
401(k) RETIREMENT SAVINGS PLAN
Statements of Changes in Net Assets Available for Benefits
Years ended December 31, 2013 and 2012
(e) | Vesting |
Completed years of service | Vested percentage | |||
Less than 3 | 0 | % | ||
3 or more | 100 | % |
(f) | Notes Receivable from Participants |
(g) | Payment of Benefits |
Participants may also withdraw, if approved, certain amounts from their salary deferral and rollover accounts only in the event of a financial hardship as defined by the Plan and the IRC. A participant who receives a distribution for hardship shall be prohibited from making elective deferrals and employee contributions under this and all other plans of the employer for a six month period after receipt of the distribution.
(2) | Summary of Significant Accounting Policies |
(a) | Basis of Accounting |
Investment contracts held by a defined-contribution plan are required to be reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined-contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. The Statements of Net Assets Available for Benefits present the fair value of the investment contracts as well as the adjustment of the fully benefit-responsive investment contracts from fair value to contract value. The Statements of Changes in Net Assets Available for Benefits are prepared on a contract value basis.
(Continued)
5
SIGMA-ALDRICH
401(k) RETIREMENT SAVINGS PLAN
Notes to Financial Statements
December 31, 2013 and 2012
(b) | Use of Estimates |
(c) | Valuation of Investments and Income Recognition |
Investments are reported at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. See note 4 for discussion of fair value measurements.
Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. The annual revenue credit is recorded quarterly, in arrears, on a pro rata basis. Net appreciation includes the Plan’s gains and losses on investments bought and sold as well as held during the year.
Benefit payments to participants are recorded upon distribution.
(d) | Payment of Benefits |
(e) | Miscellaneous Receipts |
(f) | Subsequent Events |
(Continued)
6
SIGMA-ALDRICH
401(k) RETIREMENT SAVINGS PLAN
Notes to Financial Statements
December 31, 2013 and 2012
(3) | Investments |
December 31 | ||||||||||
2013 | 2012 | |||||||||
Fidelity Freedom Fund 2020 – Class K | $ | 32,567,910 | $ | 25,378,032 | ||||||
Fidelity Money Market Trust Retirement Money Market Portfolio | <5% | 24,420,365 | ||||||||
Fidelity Balanced Fund – Class K | 34,571,110 | 29,216,733 | ||||||||
Sigma-Aldrich Corporation Stock Fund | 46,015,224 | 38,188,504 | ||||||||
Fidelity Contrafund – Class K | 71,434,644 | 53,681,747 | ||||||||
PIMCO Total Return Inst CL | 29,678,074 | 34,729,082 | ||||||||
Fidelity Freedom Fund 2030 – Class K | 35,008,000 | 26,978,349 | ||||||||
Fidelity Freedom Fund 2025 – Class K | 28,996,292 | 21,218,404 |
During 2013 and 2012, the Plan’s investments (including realized and unrealized gains and losses on investments bought and sold, as well as held during the year) appreciated in value by $65,315,257 and $35,664,112, respectively, as follows:
2013 | 2012 | |||||||||
Mutual funds | $ | 55,386,905 | $ | 29,208,536 | ||||||
Sigma-Aldrich Corporation Stock Fund | 9,928,352 | 6,455,576 | ||||||||
$ | 65,315,257 | $ | 35,664,112 |
(Continued)
7
SIGMA-ALDRICH
401(k) RETIREMENT SAVINGS PLAN
Notes to Financial Statements
December 31, 2013 and 2012
(4) | Fair Value Measurements |
Level 1 Fair Value Measurements
Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.
Level 2 Fair Value Measurements
Inputs to the valuation methodology include:
• | quoted prices for similar assets or liabilities in active markets; |
• | quoted prices for identical or similar assets or liabilities in inactive markets; |
• | inputs other than quoted prices that are observable for the asset or liability; and |
• | inputs that are derived principally from or corroborated by observable market data by correlation or other means. |
If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.
Level 3 Fair Value Measurements
Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.
Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2013 and 2012.
Common stocks: Valued at the closing price reported on the active market on which the individual securities are traded.
Mutual funds: Valued at NAV of shares held by the Plan at year-end.
Common Collective Trust: Valued at NAV as a practical expedient of fair value. The NAV is based on the underlying investments, which are traded on an active market. The Plan does not have any collective investment funds with unfunded commitments or with any redemption restrictions. There is no redemption notice period for the individual participants within the Plan, however, there is up to a twelve- month redemption notice required for this investment at the Plan level. The participants nor the Plan have any funding commitments related to this investment.
The preceding methods used to arrive at a fair value calculation may not be indicative of the net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
(Continued)
8
SIGMA-ALDRICH
401(k) RETIREMENT SAVINGS PLAN
Notes to Financial Statements
December 31, 2013 and 2012
The following tables set forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2013 and 2012:
December 31, 2013 | Fair Value Measurements | |||||||||||||||||||
Balance | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
Mutual Funds | ||||||||||||||||||||
Mid Cap | $ | 42,649,153 | $ | 42,649,153 | $ | - | $ | - | ||||||||||||
Large Cap | 102,773,402 | 102,773,402 | - | - | ||||||||||||||||
International | 31,411,503 | 31,411,503 | - | - | ||||||||||||||||
Blended | 214,267,643 | 214,267,643 | - | - | ||||||||||||||||
Bond | 29,678,074 | 29,678,074 | - | - | ||||||||||||||||
Money Market | 22,765,984 | 22,765,984 | - | - | ||||||||||||||||
Total Mutual Funds | 443,545,759 | 443,545,759 | - | - | ||||||||||||||||
Common Stock Fund | 46,015,224 | 46,015,224 | - | - | ||||||||||||||||
Common Collective Trust | 5,239,261 | - | 5,239,261 | - | ||||||||||||||||
Total | $ | 494,800,244 | $ | 489,560,983 | $ | 5,239,261 | $ | - | ||||||||||||
December 31, 2012 | Fair Value Measurements | |||||||||||||||||||
Balance | (Level 1) | (Level 2) | (Level 3) | |||||||||||||||||
Mutual Funds | ||||||||||||||||||||
Mid Cap | $ | 27,894,843 | $ | 27,894,843 | $ | - | $ | - | ||||||||||||
Large Cap | 74,304,713 | 74,304,713 | - | - | ||||||||||||||||
International | 24,415,599 | 24,415,599 | - | - | ||||||||||||||||
Blended | 165,654,745 | 165,654,745 | - | - | ||||||||||||||||
Bond | 34,729,082 | 34,729,082 | - | - | ||||||||||||||||
Money Market | 24,420,365 | 24,420,365 | - | - | ||||||||||||||||
Total Mutual Funds | 351,419,347 | 351,419,347 | - | - | ||||||||||||||||
Common Stock Fund | 38,188,504 | 38,188,504 | - | - | ||||||||||||||||
Common Collective Trust | 3,890,520 | - | 3,890,520 | - | ||||||||||||||||
Total | $ | 393,498,371 | $ | 389,607,851 | $ | 3,890,520 | $ | - | ||||||||||||
(Continued)
9
SIGMA-ALDRICH
401(k) RETIREMENT SAVINGS PLAN
Notes to Financial Statements
December 31, 2013 and 2012
(5) | Investment in Common Collective Trust |
The Managed Income Fund, a common collective trust fund, invests in a variety of investments such as fixed income securities or bond funds and enters into wrapper contracts issued by a third party, such as a bank or insurance company, to make payments to a portfolio in certain circumstances. The wrap issuer agrees to pay an amount sufficient to cover unit holder redemptions.
The interest-crediting rate is the periodic interest rate accrued to participants and is reset on a monthly basis to reflect the performance of the underlying securities.
Participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment in the Managed Income Fund at contract value. Certain events may limit the ability of the Plan to transact at contract value with the issuer. The Plan Administrator does not believe that the occurrence of any such event is probable. The average yield and crediting interest rates were approximately 1.54% and 1.70%, for the Plan years ended December 31, 2013 and 2012, respectively.
(6) | Tax Status |
Accounting principles generally accepted in the United States of America require Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2013, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan Administrator believes it is no longer subject to income tax examinations for years prior to 2010.
(7) | Related Party |
In September 2013, the unitized Sigma-Aldrich Stock Fund offered within the Plan was changed to a “Real-Time Traded” stock fund. Balances in the unitized Sigma-Aldrich Stock Fund were converted into shares of Sigma-Aldrich common stock and transferred into the new Sigma-Aldrich Corporation Stock Fund. Investments in the Sigma-Aldrich Corporation Stock Fund is limited to 25% of new contributions and when rebalancing, no more than 25% of a participant balance can be invested in Company stock.
As of December 31, 2013 and 2012, investments include 489,031 shares and 494,889 shares of Sigma-Aldrich Corporation common stock, respectively, having an aggregate fair value of $46,015,224 and $36,413,933, respectively.
(8) | Risks and Uncertainties |
(9) | Plan Termination |
(Continued)
10
Schedule 1
SIGMA-ALDRICH
401(k) RETIREMENT SAVINGS PLAN
Schedule H, Line 4i—Schedule of Assets (Held at End of Year)
December 31, 2013
a) | b) Identity of issue, borrower, lessor or similar party | c) Description | d) | Cost | e) | Current Value | ||||
Mutual funds: | ||||||||||
* | Fidelity Management Trust Company | Retirement Money Market Portfolio | $ | 22,765,984 | $ | 22,765,984 | ||||
* | Fidelity Management Trust Company | Balanced Fund – Class K | 23,076,710 | 34,571,110 | ||||||
PIMCO Total Return Inst CL | PIMCO Total Return Inst CL | 30,512,386 | 29,678,074 | |||||||
* | Fidelity Management Trust Company | Low-Priced Stock Fund – Class K | 14,025,247 | 19,141,715 | ||||||
* | Fidelity Management Trust Company | Diversified International Fund – Class K | 15,571,874 | 23,769,768 | ||||||
* | Fidelity Management Trust Company | Freedom Income Fund – Class K | 1,541,036 | 1,573,150 | ||||||
* | Fidelity Management Trust Company | Freedom 2000 Fund – Class K | 298,800 | 309,338 | ||||||
* | Fidelity Management Trust Company | Freedom 2005 Fund – Class K | 298,992 | 314,352 | ||||||
* | Fidelity Management Trust Company | Freedom 2010 Fund – Class K | 4,293,708 | 4,669,220 | ||||||
* | Fidelity Management Trust Company | Freedom 2015 Fund – Class K | 10,165,158 | 11,148,707 | ||||||
* | Fidelity Management Trust Company | Freedom 2020 Fund – Class K | 29,474,545 | 32,567,910 | ||||||
* | Fidelity Management Trust Company | Freedom 2025 Fund – Class K | 25,576,278 | 28,996,292 | ||||||
* | Fidelity Management Trust Company | Freedom 2030 Fund – Class K | 30,548,263 | 35,008,000 | ||||||
* | Fidelity Management Trust Company | Freedom 2035 Fund – Class K | 18,942,162 | 22,124,744 | ||||||
* | Fidelity Management Trust Company | Freedom 2040 Fund – Class K | 15,916,270 | 18,587,490 | ||||||
* | Fidelity Management Trust Company | Freedom 2045 Fund – Class K | 10,123,898 | 11,896,945 | ||||||
* | Fidelity Management Trust Company | Freedom 2050 Fund – Class K | 9,452,266 | 11,079,437 | ||||||
* | Fidelity Management Trust Company | Freedom 2055 Fund – Class K | 1,259,927 | 1,420,948 | ||||||
* | Fidelity Management Trust Company | Small Cap Stock Fund | 9,004,726 | 10,574,157 | ||||||
* | Fidelity Management Trust Company | Contrafund – Class K | 42,469,889 | 71,434,644 | ||||||
American Fund | American Funds Fundamental Investors Fund Class R5 | 4,860,887 | 6,552,229 | |||||||
American Beacon Fund | American Beacon Lg Cap Value Inst CL | 5,828,858 | 7,591,560 | |||||||
Columbia Acorn | Columbia Acorn International Fund Class Z | 6,541,183 | 7,641,735 | |||||||
Goldman Sachs | Goldman Sachs Mid Cap Value Fund Institutional Class | 7,266,740 | 8,435,361 | |||||||
Munder | Munder Mid-Cap Core Growth Class Y | 3,259,994 | 4,497,920 | |||||||
Spartan | Spartan 500 Index Fund – Institutional Class | 12,428,225 | 17,194,969 | |||||||
355,504,006 | 443,545,759 | |||||||||
Common Stock: | ||||||||||
* | Sigma-Aldrich | Sigma-Aldrich Corporation | 24,031,077 | 46,015,224 | ||||||
Common Collective Trust: | ||||||||||
* | Fidelity Management Trust Company | Managed Income Portfolio | 5,160,289 | 5,239,261 | ||||||
* | Notes Receivable from Participants | Range of interest rates 3.25% – 8.75%, Maturing through 2023 | 7,821,514 | |||||||
$ | 502,621,758 | |||||||||
* | Represents a party-in-interest. |
See accompanying independent auditors’ report.
11
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, Sigma-Aldrich Corporation, as Plan Administrator of the Sigma-Aldrich 401(k) Retirement Savings Plan, has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
SIGMA-ALDRICH | ||
401(k) RETIREMENT SAVINGS PLAN | ||
By: | /s/ Mike Hollenkamp | |
Mike Hollenkamp, Vice President and Treasurer | ||
Sigma-Aldrich Corporation | ||
June 20, 2014 |
12
EXHIBIT INDEX
Exhibit | ||
23 | Consent of Independent Registered Public Accounting Firm – Brown Smith Wallace, LLC |
13