Evaluation of Disclosure Controls and Procedures
We maintain disclosure controls and procedures that are designed to ensure that information required to be
disclosed in our reports filed or submitted under the Securities Exchange Act of 1934, as amended (Exchange
Act), is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms.
Our disclosure controls and procedures include, without limitation, controls and procedures designed to ensure
that information required to be disclosed in our reports filed under the Exchange Act is accumulated and
communicated to management as appropriate to allow timely decisions regarding required disclosures. There are
inherent limitations to the effectiveness of any system of disclosure controls and procedures, including the
possibility of human error and the circumvention or overriding of the controls and procedures. Accordingly, even
effective disclosure controls and procedures can only provide reasonable assurance of achieving their control
objectives, and management necessarily is required to use its judgment in evaluating the cost-benefit relationship
of possible controls and procedures.
An evaluation was carried out under the supervision and with the participation of the Company’s management,
including the Chief Executive Officer (CEO) and Chief Financial Officer (CFO), of the effectiveness of our
disclosure controls and procedures as of the end of the period covered by this report as defined in Exchange Act
Rule 13a-15(e) and Rule 15d-15(e). Based on that evaluation, the CEO and CFO have concluded that, as of the
end of the period covered by this report, the Company’s disclosure controls and procedures are effective in
ensuring that information required to be disclosed in our Exchange Act reports is (1) recorded, processed,
summarized and reported in a timely manner, and (2) accumulated and communicated to our management,
including the our CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure.
Management’s Report on Internal Control Over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal controls over financial
reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)). Under the supervision and with the
participation of our management, including our CEO and CFO, we conducted an evaluation of the effectiveness
of our internal controls over financial reporting based on the framework in Internal Controls – Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on our
evaluation under the framework in Internal Control – Integrated Framework, our management concluded that
our internal controls over financial reporting were effective as of May 31, 2014.
This annual report does not include an attestation report of the Company’s registered public accounting firm
regarding internal control over financial reporting. Management’s report was not subject to attestation by the
Company’s registered public accounting firm pursuant to SEC rules adopted in conformity with the Dodd-Frank
Wall Street Reform and Consumer Protection Act of 2010.
Changes in Internal Control over Financial Reporting
There were no changes in our internal control over financial reporting (as defined in Exchange Rules 13a-15(f)
and 15d-15(f)) that occurred during the quarter ended May 31, 2014 that have materially affected, or are
reasonably likely to materially affect, our internal control over financial reporting.