2. lrnuranee Settlement Proceeds Cash Is I'Eng Inc. has a warehouse and sales ofce in the Gulf CoastRegion. The damage caused by Hurricane 1it'n-"illiam (Hurricane), a Category 5 hurricane, has rendered the 1i.-.-'arel:Louse inoperable and has else forcedthe compact].r to: rentt-porary ofce space in Houston to accommodate its sales force. The Cnmpany reached a settlement with its insurance carrier related tn the damage from me hurricane and received proceeds of 515 million from its insurance carrier in connection with its claim for reimbursement The Cempany plans to use the insurance proceeds to fund its dened-benet pension plan; rather than to rebuild the destroyed facility