{"links":{"self":"https://clientapi.gcs-web.com/data/33381f6d-8eaa-46ae-8c63-71b3672717c2/filings/11526/html"},"meta":{"executionDate":"2026-07-16T23:00:18","cmsDomain":"https://bradyid.gcs-web.com"},"data":"<HTML>\n<HEAD>\n<TITLE>e11vk</TITLE>\n</HEAD>\n<BODY bgcolor=\"#FFFFFF\">\n<!-- PAGEBREAK -->\n<H5 align=\"left\" style=\"page-break-before:always\"><A HREF=\"#tocpage\">Table of Contents</A></H5><P>\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n\n<DIV style=\"width: 100%; border-bottom: 2pt solid black; font-size: 1pt\">&nbsp;</DIV>\n<DIV style=\"width: 100%; border-bottom: 1pt solid black; font-size: 1pt\">&nbsp;</DIV>\n\n\n\n\n\n\n\n\n<DIV align=\"center\" style=\"font-size: 14pt; margin-top: 12pt\"><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B>\n</DIV>\n\n<DIV align=\"center\" style=\"font-size: 12pt\"><B>Washington, D.C. 20549</B>\n</DIV>\n\n<DIV align=\"center\" style=\"font-size: 18pt; margin-top: 12pt\"><B>F O\nR M 11 - K</B>\n</DIV>\n\n<DIV align=\"center\">\n<TABLE cellspacing=\"0\" border=\"0\" cellpadding=\"0\" width=\"100%\" style=\"font-size: 12pt\">\n<TR style=\"font-size: 6pt\">\n    <TD width=\"7%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"88%\">&nbsp;</TD>\n</TR>\n<TR valign=\"top\">\n    <TD align=\"center\"><FONT face=\"Wingdings\">&#254;</FONT></TD>\n    <TD>&nbsp;</TD>\n    <TD><B>ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES\nEXCHANGE ACT OF 1934</B></TD>\n</TR>\n</TABLE>\n</DIV>\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 6pt; margin-left: 12%\"><B><B>For the fiscal year ended<U> December&nbsp;31, 2006</U></B>\n</B>\n</DIV>\n\n<DIV align=\"center\" style=\"font-size: 10pt; margin-top: 12pt\"><B>OR</B></DIV>\n\n<DIV align=\"center\">\n<TABLE cellspacing=\"0\" border=\"0\" cellpadding=\"0\" width=\"100%\" style=\"font-size: 12pt\">\n<TR style=\"font-size: 6pt\">\n    <TD width=\"7%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"88%\">&nbsp;</TD>\n</TR>\n<TR valign=\"top\">\n    <TD align=\"center\"><FONT face=\"Wingdings\">&#111;</FONT></TD>\n    <TD>&nbsp;</TD>\n    <TD><B>TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES\nEXCHANGE ACT OF 1934</B></TD>\n</TR>\n</TABLE>\n</DIV>\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 6pt; margin-left: 12%\"><B><B>For the transition period from</B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><B>to</B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\n&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>\n</B>\n</DIV>\n\n<DIV align=\"center\" style=\"font-size: 10pt; margin-top: 12pt\"><B>Commission file number 1-14959 Brady Corporation</B></DIV>\n\n\n<DIV style=\"margin-top: 6pt\">\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">A.</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD>Full title of the plan and the address of the plan, if different from that of the issuer named below:</TD>\n</TR>\n\n</TABLE>\n</DIV>\n<DIV align=\"center\" style=\"font-size: 10pt; margin-top: 12pt\"><B>J.A.M.\nPlastics, Inc. 401(k) Profit Sharing Plan &#38; Trust</B>\n</DIV>\n\n\n<DIV style=\"margin-top: 6pt\">\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">B.</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD>Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:</TD>\n</TR>\n\n</TABLE>\n</DIV>\n<DIV align=\"center\" style=\"font-size: 10pt; margin-top: 12pt\">BRADY CORPORATION<BR>\n6555 WEST GOOD HOPE ROAD<BR>\nP.O. BOX 571<BR>\nMILWAUKEE WI 53202-0571</DIV>\n\n\n<DIV style=\"width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt\">&nbsp;</DIV>\n<DIV style=\"width: 100%; border-bottom: 2pt solid black; font-size: 1pt\">&nbsp;</DIV>\n\n\n\n\n\n\n\n\n<P align=\"center\" style=\"font-size: 10pt\"><!-- Folio -->&nbsp;<!-- /Folio -->\n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\"><A HREF=\"#tocpage\">Table of Contents</A></H5><P>\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n\n\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 12pt\"><B>Item 1-3.</B>\nThe J.A.M. Plastics, Inc. 401(k) Profit Sharing Plan &#038; Trust\n(the &#147;J.A.M. Plastics 401(k) Plan&#148;) is subject to the\nEmployee Retirement Income Security Act of 1974, as amended\n(&#147;ERISA&#148;) and files plan financial statements and schedules\nprepared in accordance with the financial reporting requirements of\nERISA. The J.A.M. Plastics 401(k) Plan is filing such financial\nstatements and schedules in lieu of the financial statements required\nby these Items, as permitted by Item 4.\n</DIV>\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 12pt\"><B>Item\n4.</B>\nPursuant to Section 103(c) of ERISA and the regulations thereunder,\nthe J.A.M. Plastics 401(k) Plan is not required to file audited\nfinancial statements. The financial statements and schedules of the\nJ.A.M. Plastics 401(k) Plan required by ERISA are set forth below.\n</DIV>\n<P align=\"center\" style=\"font-size: 10pt\"><!-- Folio -->&nbsp;<!-- /Folio -->\n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\"><A HREF=\"#tocpage\">Table of Contents</A></H5><P>\n\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n\n\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 12pt\"><B><I>J.A.M. Plastics 401(k) Plan</I></B>\n</DIV>\n\n<DIV align=\"left\">\n<A name=\"300\"></A>\n</DIV>\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 6pt\"><I>Financial Statements as of December&nbsp;31, 2006 and 2005, and for the Year Ended December&nbsp;31, 2006 and\nSupplemental Schedule as of December&nbsp;31, 2006</I>\n</DIV>\n\n\n<P align=\"center\" style=\"font-size: 10pt\"><!-- Folio -->&nbsp;<!-- /Folio -->\n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\">&nbsp;</H5><P>\n\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n\n\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 12pt\"><B>J.A.M. PLASTICS 401(k) PLAN</B>\n</DIV>\n\n<DIV align=\"left\">\n<!-- TOC -->\n</DIV>\n<DIV align=\"left\">\n<A name=\"tocpage\"></A>\n</DIV>\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 6pt\"><B>TABLE OF CONTENTS</B>\n\n</DIV>\n<DIV align=\"center\">\n<TABLE style=\"font-size: 10pt\" cellspacing=\"0\" border=\"0\" cellpadding=\"0\" width=\"100%\">\n<!-- Begin Table Head -->\n<TR valign=\"bottom\">\n    <TD width=\"88%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"7%\">&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 8pt\" valign=\"bottom\">\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap align=\"center\"><B>Page</B></TD>\n</TR>\n\n<!-- End Table Head -->\n<!-- Begin Table Body -->\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\"><A href=\"#300\">FINANCIAL STATEMENTS:</A></DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"center\" valign=\"top\">&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"center\" valign=\"top\">&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:30px; text-indent:-15px\"><A href=\"#301\">Statements of Net Assets Available for Benefits as of December&nbsp;31, 2006 and 2005</A></DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"center\" valign=\"top\">1</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"center\" valign=\"top\">&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:30px; text-indent:-15px\"><A href=\"#302\">Statements of Changes in Net Assets Available for Benefits for the\nYears Ended December&nbsp;31, 2006 and 2005</A></DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"center\" valign=\"top\">2</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"center\" valign=\"top\">&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:30px; text-indent:-15px\"><A href=\"#303\">Notes to Financial Statements as of and for the Years Ended\nDecember&nbsp;31, 2006 and 2005</A></DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"center\" valign=\"top\">3&#150;6</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"center\" valign=\"top\">&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\"><A href=\"#304\">SUPPLEMENTAL SCHEDULE&#151;</A></DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"center\" valign=\"top\">7</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"center\" valign=\"top\">&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:30px; text-indent:-15px\"><A href=\"#305\">Form&nbsp;5500, Schedule&nbsp;H, Part IV, Line 4i&#151;Schedule of Assets (Held at End of Year)\nas of December&nbsp;31, 2006</A></DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"center\" valign=\"top\">8</TD>\n</TR>\n<!-- End Table Body -->\n</TABLE>\n</DIV>\n\n<DIV align=\"left\">\n<!-- /TOC -->\n</DIV>\n\n<DIV align=\"left\" style=\"margin-top: 12pt\">\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt; background: transparent; color: #000000\">\n<TR>\n    <TD width=\"3%\"></TD>\n    <TD width=\"1%\"></TD>\n    <TD></TD>\n</TR>\n<TR valign=\"top\">\n    <TD nowrap align=\"left\">NOTE:</TD>\n    <TD>&nbsp;</TD>\n    <TD>All other schedules required by Section&nbsp;2520.103-10 of the Department of\nLabor&#146;s Rules and Regulations for Reporting and Disclosure under the Employee\nRetirement Income Security Act of 1974 have been omitted because they are not\napplicable.</TD>\n</TR>\n</TABLE>\n</DIV>\n\n<P align=\"center\" style=\"font-size: 10pt\"><!-- Folio -->&nbsp;<!-- /Folio -->\n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\"><A HREF=\"#tocpage\">Table of Contents</A></H5><P>\n\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n\n\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 12pt\"><B>J.A.M. PLASTICS 401(k) PLAN</B>\n</DIV>\n\n<DIV align=\"left\">\n<A name=\"301\"></A>\n</DIV>\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 6pt\"><B>STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS</B>\n\n</DIV>\n\n<DIV align=\"left\" style=\"font-size: 10pt\"><B>AS OF DECEMBER 31, 2006 AND 2005</B></DIV>\n\n\n<DIV align=\"center\">\n<TABLE style=\"font-size: 10pt\" cellspacing=\"0\" border=\"0\" cellpadding=\"0\" width=\"100%\">\n<!-- Begin Table Head -->\n<TR valign=\"bottom\">\n    <TD width=\"76%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 8pt\" valign=\"bottom\">\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap align=\"center\" colspan=\"2\"><B>2006</B></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap align=\"center\" colspan=\"2\"><B>2005</B></TD>\n    <TD>&nbsp;</TD>\n</TR>\n\n<!-- End Table Head -->\n<!-- Begin Table Body -->\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">ASSETS:</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:30px; text-indent:-15px\">Investments:</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">Mutual funds</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\">$</TD>\n    <TD align=\"right\">494,185</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\">$</TD>\n    <TD align=\"right\">591,105</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">Common collective trust fund</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">3</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">&#151;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">Brady Corporation common stock</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">&#151;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">&#151;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">Participant loans</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">7,513</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">10,200</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:60px; text-indent:-15px\">Total investments &#151; at fair value</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">501,701</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">601,305</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:30px; text-indent:-15px\">Receivables:</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">Interest\nincome</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\">&nbsp;</TD>\n    <TD align=\"right\">654</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\"></TD>\n    <TD align=\"right\">&#151;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">Employer contributions</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">11,190</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">13,972</TD>\n    <TD>&nbsp;</TD>\n</TR>\n\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n\n\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:60px; text-indent:-15px\">Total\nreceivables</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">11,844</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">13,972</TD>\n    <TD>&nbsp;</TD>\n</TR>\n\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">NET ASSETS AVAILABLE FOR BENEFITS AT FAIR VALUE</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\">$</TD>\n    <TD align=\"right\">513,545</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\">$</TD>\n    <TD align=\"right\">615,277</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 3px double #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 3px double #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">Adjustments from fair value to contract value for fully benefit-\nresponsive investment contracts</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">1</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">&#151;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">NET ASSETS AVAILABLE FOR BENEFITS</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\">$</TD>\n    <TD align=\"right\">513,546</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\">$</TD>\n    <TD align=\"right\">615,277</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n        <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 3px double #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n        <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 3px double #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<!-- End Table Body -->\n</TABLE>\n</DIV>\n\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 12pt\">See notes to financial statements.\n</DIV>\n\n\n\n\n\n<P align=\"center\" style=\"font-size: 10pt\"><!-- Folio -->-1-<!-- /Folio -->\n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\"><A HREF=\"#tocpage\">Table of Contents</A></H5><P>\n\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n\n\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 12pt\"><B>J.A.M. PLASTICS 401(k) PLAN</B>\n</DIV>\n\n<DIV align=\"left\">\n<A name=\"302\"></A>\n</DIV>\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 6pt\"><B>STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS</B>\n\n</DIV>\n\n<DIV align=\"left\" style=\"font-size: 10pt\"><B>FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005</B></DIV>\n\n\n<DIV align=\"center\">\n<TABLE style=\"font-size: 10pt\" cellspacing=\"0\" border=\"0\" cellpadding=\"0\" width=\"100%\">\n<!-- Begin Table Head -->\n<TR valign=\"bottom\">\n    <TD width=\"76%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 8pt\" valign=\"bottom\">\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap align=\"center\" colspan=\"2\"><B>2006</B></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap align=\"center\" colspan=\"2\"><B>2005</B></TD>\n    <TD>&nbsp;</TD>\n</TR>\n\n<!-- End Table Head -->\n<!-- Begin Table Body -->\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">ADDITIONS:</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:30px; text-indent:-15px\">Contributions:</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">Participant</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\">$</TD>\n    <TD align=\"right\">66,738</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">79,088</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">Employer</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">11,190</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">13,972</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:60px; text-indent:-15px\">Total contributions</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">77,928</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">93,060</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:30px; text-indent:-15px\">Investment income:</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">Net appreciation in fair value of investments</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">29,602</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">35,662</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">Interest and dividends</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">10,111</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">14,786</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:60px; text-indent:-15px\">Net investment income</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">39,713</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">50,448</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:60px; text-indent:-15px\">Total additions</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">117,641</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">143,508</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">DEDUCTIONS:</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:30px; text-indent:-15px\">Benefits paid to participants</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">217,909</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">34,596</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:30px; text-indent:-15px\">Administrative expenses</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">1,463</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">1,203</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:75px; text-indent:-15px\">Total deductions</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">219,372</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">35,799</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">(DECREASE) / INCREASE IN NET ASSETS</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap align=\"left\">&nbsp;</TD>\n    <TD align=\"right\">(101,731</TD>\n    <TD nowrap>)</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">107,709</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">NET ASSETS AVAILABLE FOR BENEFITS:</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:30px; text-indent:-15px\">Beginning of year</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">615,277</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">507,567</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:30px; text-indent:-15px\">End of year</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\">$</TD>\n    <TD align=\"right\">513,546</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\">$</TD>\n    <TD align=\"right\">615,277</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n        <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 3px double #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n        <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 3px double #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<!-- End Table Body -->\n</TABLE>\n</DIV>\n\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 12pt\">See notes to financial statements.\n</DIV>\n\n\n<P align=\"center\" style=\"font-size: 10pt\"><!-- Folio -->-2-<!-- /Folio -->\n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\"><A HREF=\"#tocpage\">Table of Contents</A></H5><P>\n\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 12pt\"><B>J.A.M. PLASTICS 401(k) PLAN</B>\n</DIV>\n\n<DIV align=\"left\">\n<A name=\"303\"></A>\n</DIV>\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 6pt\"><B>NOTES TO FINANCIAL STATEMENTS</B>\n\n</DIV>\n\n<DIV align=\"left\" style=\"font-size: 10pt\"><B>AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005</B></DIV>\n\n\n\n<DIV style=\"margin-top: 6pt\">\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\"><B>1.</B></TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B>DESCRIPTION OF THE PLAN</B></TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD>The following description of the J.A.M. Plastics, Inc. 401(k)\nProfit Sharing Plan &#038; Trust  (the &#147;Plan&#148;) is provided for\ngeneral information purposes only. Participants should refer to the Plan document for more\ncomplete information.</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B><I>General</I></B><B>&#151;</B>The Plan is a defined contribution plan covering all full-time employees of J.A.M.\nPlastics, Inc. (the &#147;Company&#148;) upon the date of hire. The Company controls and manages the\noperation and administration of the Plan. As of December&nbsp;31, 2005, Paychex Retirement Services\nserved as the Plan trustee and recordkeeper. Effective September&nbsp;1, 2006, the Plan changed its\ntrustee and recordkeeper to PNC Bank, N.A. (&#147;PNC&#148;).</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD>As of December&nbsp;31, 2006, PNC serves as the recordkeeper and custodian of the Plan.\nThe Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974\n, as amended (&#147;ERISA&#148;).</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B><I>Contributions</I></B><B>&#151;</B>Each year, participants may contribute up to 25% of their pre-tax annual\ncompensation, as defined in the Plan, subject to certain Internal Revenue Code (&#147;IRC&#148;)\nlimitations. Additional amounts may be contributed at the discretion of the Company&#146;s board of\ndirectors. Discretionary contributions of $11,190 were made for the year ended December&nbsp;31,\n2006. Participants may also contribute amounts representing distributions from other qualified\ndefined benefit or defined contribution plans.</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B><I>Participant Accounts</I></B><B>&#151;</B>Individual accounts are maintained for each Plan participant. Each\nparticipant&#146;s account is credited with the participant&#146;s contribution and allocations of\nCompany discretionary contributions, participant forfeitures and Plan earnings, and charged\nwith withdrawals and an allocation of Plan losses and administrative expenses. Allocations are\nbased on participant earnings or account balances, as defined in the Plan Document. The benefit\nto which a participant is entitled is the benefit that can be provided from the participant&#146;s\nvested account.</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B><I>Investments</I></B><B>&#151;</B>Participants direct the investment of their contributions into various investment\noptions offered by the Plan. The Plan currently offers a variety of investment options\nincluding twelve equity funds, one common collective trust fund, one bond fund, two money\nmarket funds, and Brady Corporation Class A Nonvoting Common Stock.</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B><I>Vesting</I></B><B>&#151;</B>Participants are vested immediately in their contributions plus actual earnings\nthereon. Vesting in the Company&#146;s contribution portion of their accounts is based on years of\ncontinuous service. A participant is vested based on the following vesting schedule: 0% at 1\nyear, 20% at 2&nbsp;years, 40% at 3&nbsp;years, 60% at 4&nbsp;years, 80% at 5&nbsp;years, and 100% at 6&nbsp;years of\nservice.</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B><I>Participant Loans</I></B><B>&#151;</B>Participants may borrow from their fund. The loans are secured by the balance\nin the participant&#146;s account and bear interest at rates commensurate with local prevailing\nrates at the time funds are borrowed as determined quarterly by the Plan administrator.\nInterest rates range from 5.25% to 7.75% for outstanding loans as of December&nbsp;31, 2006.\nPrincipal and interest is paid ratably through payroll deductions.</TD>\n</TR>\n\n\n\n\n</TABLE>\n</DIV>\n<P align=\"center\" style=\"font-size: 10pt\"><!-- Folio -->-3-<!-- /Folio -->\n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\"><A HREF=\"#tocpage\">Table of Contents</A></H5><P>\n\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n\n<DIV style=\"margin-top: 6pt\"><TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n\n\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B><I>Payment of Benefits</I></B><B>&#151;</B>On termination of service, a participant may elect to receive a lump-sum\namount equal to the value of the participant&#146;s vested interest in his or her account.</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\"><B>2.</B></TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B>SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</B></TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B><I>Basis of Accounting</I></B><B>&#151;</B>The accompanying financial statements have been prepared in accordance with\naccounting principles generally accepted in the United States of America.</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B><I>Adoption of New Accounting Guidance </I></B>&#151; The financial statements reflect the retroactive adoption\nof Financial Accounting Standards Board Staff Position, FSP AAG INV-1 and SOP 94-4-1, <I>Reporting\nof Fully Benefit-Responsive Contracts Held by Certain Investment Companies Subject to the AICPA\nInvestment Company Guide and Defined-Contribution Health and Welfare and Pension Plans </I>(the\n&#147;FSP&#148;). As required by the FSP, the statements of net assets available for benefits present\ninvestment contracts at fair value, as well as an additional line item showing an adjustment of\nfully benefit-responsive contracts from fair value to contract value. The statements of\nchanges in net assets available for benefits are presented on a contract value basis and were\nnot affected by the adoption of the FSP. The adoption of the FSP did not impact the amount of\nnet assets available for benefits at December&nbsp;31, 2006 and 2005.</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B><I>Use of Estimates</I></B><B>&#151;</B>The preparation of financial statements in conformity with accounting\nprinciples generally accepted in the United States of America requires Plan management to make\nestimates and assumptions that affect the reported amounts of net assets available for benefits\nand changes therein. Actual results could differ from those estimates.</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B><I>Risks and Uncertainties</I></B><B>&#151;</B>The Plan utilizes\ninvestment instruments including mutual funds, common stock and a\ncommon collective trust fund.\nInvestment securities, in general, are exposed to various risks, such as interest rate risk,\ncredit risk, and overall market volatility. Due to the level of risk associated with certain\ninvestment securities, it is reasonably possible that changes in the values of investment\nsecurities will occur in the near term and that such changes could materially affect the\namounts reported in the financial statements.</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B><I>Investment Valuation and Income Recognition</I></B><B>&#151;</B>The Plan&#146;s investments are stated at fair value.\nShares of mutual funds are valued at\nquoted market prices, which represent the net asset value of shares held by the Plan at year\nend. Common stock is valued at quoted market prices. The common collective trust fund with underlying investments in investment contracts is\nvalued at fair market value of the underlying investments and then adjusted by the issuer to\ncontract value. Participant loans are valued at the outstanding loan balances.</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD>One of the investment options available in the Plan is the PNC Investment Contract Fund. The PNC Investment Contract Fund is a\ncommon collective trust that invests in fully benefit-responsive guaranteed investment\ncontracts (&#147;GICs&#148;) and synthetic guaranteed investment contracts (&#147;SGICs&#148;). Participants may\nordinarily direct the withdrawal or transfer of all or a portion of their investment at\ncontract value. Contract value represents contributions made to the fund, plus earnings, less\nparticipant withdrawals.</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD>Purchases and sales of securities are recorded on a trade-date basis. Interest income is\nrecorded on the accrual basis. Dividends are recorded on the ex-dividend date.</TD>\n</TR>\n\n\n\n\n</TABLE>\n</DIV>\n<P align=\"center\" style=\"font-size: 10pt\"><!-- Folio -->-4-<!-- /Folio -->\n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\"><A HREF=\"#tocpage\">Table of Contents</A></H5><P>\n\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n\n<DIV style=\"margin-top: 6pt\"><TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n\n\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD>Management fees and operating expenses charged to the Plan for investments in the mutual funds\nare deducted from income earned on a daily basis and are not separately reflected.\nConsequently, management fees and operating expenses are reflected as a reduction of net\nappreciation in the fair value for such investments.</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B><I>Administrative Expenses</I></B><B>&#151;</B>Administrative expenses of the Plan are paid by the Plan as provided in\nthe Plan Document.</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B><I>Payment of Benefits</I></B><B>&#151;</B>Benefit payments to participants are recorded upon distribution. There were\nno amounts allocated to accounts of persons who have elected to withdraw from the Plan but have\nnot yet been paid as of December&nbsp;31, 2006 and 2005.</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\"><B>3.</B></TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B>INVESTMENTS</B></TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD>The Plan&#146;s investments that represented 5% or more of the Plan&#146;s net assets available for\nbenefits as of December&nbsp;31, 2006 and 2005, are as follows:</TD>\n</TR>\n\n</TABLE>\n</DIV>\n<DIV align=\"center\">\n<TABLE style=\"font-size: 10pt\" cellspacing=\"0\" border=\"0\" cellpadding=\"0\" width=\"100%\">\n<!-- Begin Table Head -->\n<TR valign=\"bottom\">\n    <TD width=\"76%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"3%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD width=\"3%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"3%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD width=\"3%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"3%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD width=\"3%\">&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 8pt\" valign=\"bottom\">\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap align=\"center\" colspan=\"3\"><B>2006</B></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap align=\"center\" colspan=\"3\"><B>2005</B></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n\n<!-- End Table Head -->\n<!-- Begin Table Body -->\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">Fidelity Adv Equity Growth I</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">$</TD>\n    <TD align=\"right\">171,048</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">$</TD>\n    <TD align=\"right\">134,575</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">*</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">LSV Value Equity Fund</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">101,530</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">100,534</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">Fidelity Intermediate Bond</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">89,024</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">68,989</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">*</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">T Rowe Retirement 2010 Retail</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">68,060</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">&#151;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">Fidelity Diversified Intl Fund</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">29,509</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">&#151;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>*</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<!-- End Table Body -->\n</TABLE>\n</DIV>\n\n\n\n<DIV align=\"left\">\n<DIV style=\"font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000\">&nbsp;</DIV>\n</DIV>\n\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n<TR>\n    <TD width=\"2%\"></TD>\n\n    <TD width=\"98\"></TD>\n</TR>\n\n<TR valign=\"top\">\n    <TD nowrap align=\"left\">*</TD>\n\n    <TD>Party-in-interest.</TD>\n</TR>\n\n</TABLE>\n\n\n\n<DIV style=\"margin-top: 6pt\">\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD>During the year ended December&nbsp;31, 2006, the Plan&#146;s mutual fund investments (including gains\nand losses on investments bought and sold, as well as held during the year) appreciated in\nvalue as follows:</TD>\n</TR>\n\n</TABLE>\n</DIV>\n<DIV align=\"center\">\n<TABLE style=\"font-size: 10pt\" cellspacing=\"0\" border=\"0\" cellpadding=\"0\" width=\"100%\">\n<!-- Begin Table Head -->\n<TR valign=\"bottom\">\n    <TD width=\"88%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n</TR>\n<!-- End Table Head -->\n<!-- Begin Table Body -->\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">Equity funds</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\">$</TD>\n    <TD align=\"right\">29,449</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">Bond fund</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">153</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:30px; text-indent:-15px\">Net appreciation in fair value of investments&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\">$</TD>\n    <TD align=\"right\">29,602</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n        <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 3px double #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<!-- End Table Body -->\n</TABLE>\n</DIV>\n\n\n<DIV style=\"margin-top: 6pt\">\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\"><B>4.</B></TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B>PLAN TERMINATION</B></TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD>Although it has not expressed any intention to do so, the Company has the right under the Plan\nto discontinue its contributions at any time and to terminate the Plan subject to the\nprovisions set forth in ERISA. In the event that the Plan is terminated, participants would\nbecome 100% vested in their accounts.</TD>\n</TR>\n\n\n\n\n\n\n</TABLE>\n</DIV>\n<P align=\"center\" style=\"font-size: 10pt\"><!-- Folio -->-5-<!-- /Folio -->\n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\"><A HREF=\"#tocpage\">Table of Contents</A></H5><P>\n\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n</DIV>\n\n<DIV style=\"margin-top: 6pt\"><TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n\n\n<TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\"><B>5.</B></TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B>FEDERAL INCOME TAX STATUS</B></TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD>The Plan uses a prototype plan document sponsored by PNC. PNC received an opinion letter from the Internal Revenue Service (&#147;IRS&#148;), dated November&nbsp;11, 2001,\nwhich states that the prototype document satisfies the applicable provisions of the IRC. The Plan itself has not received a determination letter from the IRS.\nHowever, the Plan&#146;s management believes that the Plan is currently designed and being operated\nin compliance with the applicable requirements of the IRC. Therefore, no provision for income\ntax has been included in the Plan&#146;s financial statements.</TD>\n</TR>\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\"><B>6.</B></TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B>EXEMPT PARTY-IN-INTEREST TRANSACTIONS</B></TD>\n</TR>\n\n\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD>The Plan invests in Company common stock. In addition, certain plan investments represent shares of mutual\nfunds and common collective trust funds managed by the custodian. These transactions are\nconsidered party-in-interest transactions. These transactions are not, however, considered\nprohibited transactions under ERISA regulations. Fees paid by the Plan for investment\nmanagement services were included as a reduction of the return earned\non each fund. At December 31, 2006 and 2005, the Plan held no shares\nof Brady Corporation Common Stock.</TD>\n</TR>\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\"><B>7.</B></TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD><B>RECONCILIATION TO FORM 5500</B></TD>\n</TR>\n\n\n\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD>The Plan&#146;s Form&nbsp;5500 is prepared on a cash basis, and thus does not include the employer contributions receivable, as reported in the accompanying financial statements. The following table reconciles net assets available for benefits per the financial statements to\nthe Plan&#146;s Form&nbsp;5500 to be filed by the Company:\n\n</TD>\n</TR>\n</TABLE>\n</DIV>\n\n\n\n\n<DIV align=\"center\">\n<TABLE style=\"font-size: 10pt\" cellspacing=\"0\" border=\"0\" cellpadding=\"0\" width=\"100%\">\n<!-- Begin Table Head -->\n<TR valign=\"bottom\">\n    <TD width=\"76%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 8pt\" valign=\"bottom\">\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap align=\"center\" colspan=\"2\">2006</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap align=\"center\" colspan=\"2\">2005</TD>\n    <TD>&nbsp;</TD>\n</TR>\n\n<!-- End Table Head -->\n<!-- Begin Table Body -->\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">Net assets available for benefits per financial statements</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\">$</TD>\n    <TD align=\"right\">513,546</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">615,277</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">Adjustments:</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:30px; text-indent:-15px\">Employer contribution receivable</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap align=\"left\">&nbsp;</TD>\n    <TD align=\"right\">(11,190</TD>\n    <TD nowrap>)</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap align=\"left\">&nbsp;</TD>\n    <TD align=\"right\">(13,972</TD>\n    <TD nowrap>)</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">Amounts reported per Form&nbsp;5500</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\">$</TD>\n    <TD align=\"right\">502,356</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\">$</TD>\n    <TD align=\"right\">601,305</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n        <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 3px double #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n        <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 3px double #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n\n\n</TABLE>\n</DIV>\n\n<DIV style=\"margin-top: 6pt\">\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n<TR>\n    <TD style=\"font-size: 6pt\">&nbsp;</TD>\n</TR><TR valign=\"top\" style=\"font-size: 10pt; color: #000000; background: transparent\">\n    <TD width=\"1%\" nowrap align=\"left\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD>The following table reconciles the decrease in net assets available for benefits per the financial statements\nto the Form 5500 to be filed by the Company:\n</TD>\n</TR>\n</table>\n\n<DIV align=\"center\">\n<TABLE style=\"font-size: 10pt\" cellspacing=\"0\" border=\"0\" cellpadding=\"0\" width=\"100%\">\n<!-- Begin Table Head -->\n<TR valign=\"bottom\">\n    <TD width=\"88%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 8pt\" valign=\"bottom\">\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap align=\"center\" colspan=\"2\">2006</TD>\n    <TD>&nbsp;</TD>\n</TR>\n\n<!-- End Table Head -->\n<!-- Begin Table Body -->\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">Amount reported per financial statement</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap align=\"left\">$</TD>\n    <TD align=\"right\">(101,731</TD>\n    <TD nowrap>)</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">Adjustments:</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:30px; text-indent:-15px\">Change in\nemployer contributions to adjust from accrual basis to cash basis</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">2,782</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">Amount reported per Form&nbsp;5500</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap align=\"left\">$</TD>\n    <TD align=\"right\">(98,949</TD>\n    <TD nowrap>)</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n        <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 3px double #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<!-- End Table Body -->\n</TABLE>\n</DIV>\n\n<DIV align=\"center\" style=\"font-size: 10pt; margin-top: 18pt\">******\n</DIV>\n\n\n\n\n\n<P align=\"center\" style=\"font-size: 10pt\"><!-- Folio -->-6-<!-- /Folio -->\n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\"><A HREF=\"#tocpage\">Table of Contents</A></H5><P>\n\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n\n\n<DIV align=\"left\">\n<A name=\"304\"></A>\n</DIV>\n\n<DIV align=\"center\" style=\"font-size: 10pt; margin-top: 18pt\"><B>SUPPLEMENTAL SCHEDULE</B>\n</DIV>\n\n\n<DIV align=\"Center\" style=\"font-size: 10pt; margin-top: 6pt\"><B>FURNISHED PURSUANT TO THE</B>\n\n</DIV>\n\n<DIV align=\"Center\" style=\"font-size: 10pt; margin-top: 6pt\"><B>DEPARTMENT OF LABOR&#146;S RULES AND REGULATIONS</B>\n\n</DIV>\n\n<P align=\"center\" style=\"font-size: 10pt\"><!-- Folio -->-7-<!-- /Folio -->\n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\"><A HREF=\"#tocpage\">Table of Contents</A></H5><P>\n\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 12pt\"><B>J.A.M. PLASTICS 401(k) PLAN</B>\n</DIV>\n\n<DIV align=\"left\">\n<A name=\"305\"></A>\n</DIV>\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 6pt\"><B>FORM 5500, SCHEDULE H, PART IV, LINE 4i&#151;</B>\n\n</DIV>\n\n<DIV align=\"left\" style=\"font-size: 10pt\"><B>SCHEDULE OF ASSETS (HELD AT END OF YEAR)<br>\nAS OF DECEMBER 31, 2006</B></DIV>\n\n\n<DIV align=\"center\">\n<TABLE style=\"font-size: 10pt\" cellspacing=\"0\" border=\"0\" cellpadding=\"0\" width=\"100%\">\n<!-- Begin Table Head -->\n<TR valign=\"bottom\">\n    <TD width=\"88%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 8pt\" valign=\"bottom\">\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap align=\"center\" colspan=\"2\"><B>Fair</B></TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 8pt\" valign=\"bottom\">\n\n<TD nowrap align=\"left\"><DIV style=\"margin-left:90px; text-indent:-0px\"><B>Description</B></DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap align=\"center\" colspan=\"2\"><B>Value</B></TD>\n    <TD>&nbsp;</TD>\n</TR>\n\n<!-- End Table Head -->\n<!-- Begin Table Body -->\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">EQUITY FUNDS:</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">Fidelity Advisors Equity Growth Fund</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\">$</TD>\n    <TD align=\"right\">171,048</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">LSV Value Equity Fund</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">101,530</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">T Rowe Price Retirement 2010</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">68,060</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">Fidelity Diversified International Fund</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">29,508</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">Blackrock Small Cap Growth Equity Portfolio*</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">19,095</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">Vanguard Institutional Index Fund</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">4,426</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">MFS Emerging Markets Equity Fund</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">3,496</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">American Century Small Cap Value Fund</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">121</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">T Rowe Price Retirement 2020</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">20</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">T Rowe Price Retirement 2030</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">19</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">T Rowe Price Retirement 2040</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">19</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">PIMCO Commodity Real Return</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">18</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">397,360</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR><TD align=\"left\" valign=\"top\">&nbsp;</TD></TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">COMMON COLLECTIVE TRUST FUND:</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">PNC Investment Contract Fund*</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">4</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">BOND FUND:</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">Fidelity Advisors Intermediate Bond Fund</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">89,024</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">MONEY MARKET FUNDS:</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">Blackrock Money Market Portfolio*</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">7,781</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:45px; text-indent:-15px\">Brady Stock Liquidity Fund*</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">19</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">7,800</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\" style=\"background: #cceeff\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">PARTICIPANT LOANS&#151;At various rates;\ndue through 2020*</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"right\">7,513</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 1px solid #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD><DIV style=\"margin-left:60px; text-indent:-15px\">TOTAL ASSETS (HELD AT END OF YEAR)</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\">$</TD>\n    <TD align=\"right\">501,701</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<TR style=\"font-size: 1px\">\n    <TD><DIV style=\"margin-left:15px; text-indent:-15px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n        <TD nowrap colspan=\"2\" align=\"right\" style=\"border-top: 3px double #000000\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n</TR>\n<!-- End Table Body -->\n</TABLE>\n</DIV>\n\n\n\n<DIV align=\"left\">\n<DIV style=\"font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000\">&nbsp;</DIV>\n</DIV>\n\n<TABLE width=\"100%\" border=\"0\" cellpadding=\"0\" cellspacing=\"0\" style=\"font-size: 10pt\">\n<TR>\n    <TD width=\"2%\"></TD>\n\n    <TD width=\"96\"></TD>\n</TR>\n\n<TR valign=\"top\">\n    <TD nowrap align=\"left\">*</TD>\n\n    <TD>Party-in-interest.</TD>\n</TR>\n\n</TABLE>\n\n\n\n\n\n\n<P align=\"center\" style=\"font-size: 10pt\"><!-- Folio -->-8-<!-- /Folio -->\n</DIV>\n\n<!-- PAGEBREAK -->\n<P><HR noshade><P>\n<H5 align=\"left\" style=\"page-break-before:always\"><A HREF=\"#tocpage\">Table of Contents</A></H5><P>\n\n<DIV style=\"font-family: 'Times New Roman',Times,serif\">\n\n\n\n<DIV align=\"left\">\n<A name=\"306\"></A>\n</DIV>\n\n<DIV align=\"center\" style=\"font-size: 10pt; margin-top: 18pt\">SIGNATURES\n</DIV>\n\n\n<DIV align=\"left\" style=\"font-size: 10pt; margin-top: 6pt\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>The Plan. </I>Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees\n(or other persons who administer the employee benefit plan) have duly caused this annual report to\nbe signed on its behalf by the undersigned hereunto duly authorized.\n</DIV>\n<DIV align=\"center\">\n<TABLE style=\"font-size: 10pt\" cellspacing=\"0\" border=\"0\" cellpadding=\"0\" width=\"100%\">\n<!-- Begin Table Head -->\n<TR valign=\"bottom\">\n    <TD width=\"45%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"35%\">&nbsp;</TD>\n    <TD width=\"5%\">&nbsp;</TD>\n    <TD width=\"1%\">&nbsp;</TD>\n</TR>\n<!-- End Table Head -->\n<!-- Begin Table Body -->\n<TR valign=\"bottom\">\n    <TD valign=\"top\"><DIV style=\"margin-left:0px; text-indent:-0px\">&nbsp;\n</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\" valign=\"top\" nowrap>J.A.M. PLASTICS, INC.  401(k)\nPROFIT SHARING PLAN &#038; TRUST</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\" valign=\"top\">&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\"><!-- Blank Space -->\n    <TD valign=\"top\"><DIV style=\"margin-left:0px; text-indent:-0px\">&nbsp;</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\" valign=\"top\">&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\" valign=\"top\">&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n\n<TD valign=\"top\"><DIV style=\"margin-left:0px; text-indent:-0px\">Date:\nJune 29, 2007</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\" valign=\"top\">/s/ GARY VOSE&nbsp;</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\" valign=\"top\">&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD valign=\"top\"><DIV style=\"margin-left:0px; text-indent:-0px\">&nbsp;\n</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\" valign=\"top\"><DIV style=\"font-size: 1pt; border-top: 1px solid #000000\">&nbsp;</DIV>\nGary Vose\n</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\" valign=\"top\">&nbsp;</TD>\n</TR>\n<TR valign=\"bottom\">\n    <TD valign=\"top\"><DIV style=\"margin-left:0px; text-indent:-0px\">&nbsp;\n</DIV></TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\" valign=\"top\">Plan Administrative Committee Member</TD>\n    <TD>&nbsp;</TD>\n    <TD align=\"left\" valign=\"top\">&nbsp;</TD>\n</TR>\n<!-- End Table Body -->\n</TABLE>\n</DIV>\n\n\n\n<P align=\"center\" style=\"font-size: 10pt\"><!-- Folio -->&nbsp;<!-- /Folio -->\n</DIV>\n\n</BODY>\n</HTML>\n","error":null}