Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 13, 2008, the compensation committee of the Board approved an
increase of the annual base salary for Jeffrey A. Weiss, the Company's Chief
Executive Officer and Chairman of the Board, to $900,000 effective November 1,
2008. In addition, at the meeting the compensation committee of the Board
approved the grant to Mr. Weiss of 96,752 shares of restricted stock and options
to purchase 48,469 shares of common stock at an exercise price equal to $9.38,
the closing price of the Company's common stock on the Nasdaq Stock Market on
the date of grant. This grant is provided for in Mr. Weiss' employment agreement
with the Company, a copy of which is attached as Exhibit 10.1 to that certain
Current Report on Form 8-K filed by the Company with the Securities and Exchange
Commission on October 9, 2007.
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