On December 31, 2008, Thomas J. Cavalier, a member of the Board of Directors of the Company and a "named executive officer" of the Company for 2007 by virtue of his position as Chairman, Chief Executive Officer and President of Butler Wick Corp., a wholly-owned subsidiary of the Company, resigned from the Board effective December 31, 2008.
Mr. Cavalier's resignation did not relate to any disagreement with the Company, and occurred in connection with the completion of the sale of Butler Wick & Co., Inc., a wholly-owned subsidiary of Butler Wick Corp., to Stifel Financial Corp. Mr. Cavalier remains an officer of Butler Wick & Co., Inc., which is now owned by Stifel Financial Corp. In connection with the sale of Butler Wick & Co., Inc., Mr. Cavalier also resigned as a Director and Chairman, Chief Executive Officer and President of Butler Wick Corp. effective December 31, 2008. Butler Wick Corp. remains a wholly-owned subsidiary of the Company.
Item 8.01 Other Events.
On December 31, 2008, the Company successfully completed the sale of Butler Wick & Co., Inc. to Stifel Financial Corp., after meeting all customary closing conditions. The transaction was previously announced December 18, 2008, and involved a purchase price of $12,000,000 in cash, subject to post-closing adjustments.
A copy of the press release announcing the closing of the transaction is attached hereto as Exhibit 99 and incorporated herein by reference. Item 9.01. Financial Statements and Exhibits.

   (d) Exhibits.

               Exhibit Number   Description
               99               Press release dated January 2, 2009