Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
Due to the resignation of T. Wayne Davis on March 18, 2009 from the Company's
Board of Directors, the Company received, as expected, a notification on
March 23, 2009 from the NASDAQ Listing Qualifications Department indicating that
the Company no longer complies with NASDAQ's independent director requirements
as set forth in Marketplace Rule 4350. Consistent with Marketplace
Rule 4350(c)(1), the Company has been provided a cure period in order to regain
compliance by September 14, 2009. The Company intends to appoint a new
independent director within the cure period.
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