Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year
Effective March 4, 2009, the Company amended its Bylaws as follows:
Article I, Section 6 was amended to provide that each director nominee in a
non-contested election must be elected by a majority of the votes cast, meaning
that the votes cast "for" exceed the votes cast "against." Previously, the
Bylaws provided that all elections be decided by plurality vote. In a contested
election, directors will be elected by a plurality of the votes cast; therefore,
the director nominees receiving the highest relative number of "for" votes will
be elected.
The foregoing description is qualified in its entirety by reference to the text
of the amendment to the Company's Bylaws, which is filed as Exhibit 99 to this
report.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
The following exhibits are filed herewith:
99 Text of the amendment to the Company's Bylaws effective March 4, 2009.