Mike Koempel: Sure. I mean our priorities will be consistent with what they have been sort of pre this focus on the debt. Well, of course, with our board, revisit the dividend on a quarterly basis. The other thing that we will do, Jim, this year, we will increase our capital spending this year. I mean if you look at — we just spent over $4 million in 2023, it’s a very low number. So, we’ll be investing a little bit more in CapEx, still not quite to what I would call the historical levels, but certainly more than we did in 2023. And from an M&A perspective, where I think we said before, we clearly have put that to the side. I think that’s something that we’ll certainly consider as we move forward. As we said before, even though we weren’t actively looking to do any M&A transactions, we obviously keep the pipeline open, and we’ll certainly continue to evaluate whether there’s potential accretive opportunities.
And we’re certainly in a position where if there were, we could take advantage of that. And so that will be something that we’ll evaluate throughout the year as a potential opportunity.
Jim Sidoti: Great. Thank you.
Operator: This concludes our question-and-answer session. I’d like to turn the call back over to Michael Benstock for any closing remarks.
Michael Benstock: Thank you, operator. Firstly, I would like to publicly thank Phil Koosed for selling BAMKO to us almost eight years ago. And Phil, thank you for your leadership as well as your time in the C-suite as our Chief Strategy Officer. We’ve accomplished a great deal during your time with SG&C and are more diverse and stronger than ever. Personally, it’s been an incredible experience for all of us who have had the privilege to work side-by-side with you for these eight years. We are in a much better place than ever to succeed, in part due to your having a voice in our future. We wish you and your family continued success in all that you choose to pursue. Secondly, I want to welcome our two new Board members, Sue Lattmann and Loreen Spencer.
We’re excited to have you join us. Your combined business and governance experience will be a great asset to SGC as we navigate our continued growth and success. Thirdly, we want to welcome Dr. Kelly Richmond Pope as our first Board Observer in our brand-new Observer Program. This very unique and innovative program was conceived as an effort on our part to provide valuable public company board experience for people who, for reasons outside their control, historically have struggled with gaining entrée to seats on public company Boards. We’re proud to be trailblazing in this initiative and setting an example for others by working to create a more diverse community of Board members for us and others in the future. With that, I’ll close by saying we’re excited about 2024.
And again, we’d encourage you to have a look at our new Investor deck on our website. We look forward to participating in upcoming Investor Conferences and presenting our Q1 results in the spring. Until then, be safe.
Operator: The conference has now concluded. Thank you very much for your participation. You may now disconnect your lines.
