Quad/Graphics, Inc.

According to its Quarterly Report filed with the SEC in 2015: "On November 2, 2015, the Company filed a Voluntary Self-Disclosure with the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") regarding a distribution agreement ("Agreement") between Marin's, a foreign-incorporated French subsidiary, and a third-party distributor located in the United Arab Emirates. Marin's entered into the Agreement prior to its acquisition by the Company in February 2015 and granted the Emirati a distribution territory that included Iran. Marin's action was legal under French law at the time and the Company had no knowledge of this action. The Company discovered the Agreement during post-merger diligence, investigated Marin's Iran-related activities, and subsequently verified that Marin's did not engage in any Iran-related transactions following the February 2015 acquisition. The Company also amended the Agreement to exclude Iran from the Emirati distributor's territory. The Company cannot predict when OFAC will conclude its review of the Voluntary Self-Disclosure."