Item 8.01 - Other Events

On April 29, 2009, the Board of Directors of the Company approved a new stock repurchase program authorizing the repurchase, at the discretion of senior management, of up to $5 million of the Company's common stock over the next twelve months in open market or negotiated transactions. The press release is attached to this Current Report on Form 8-K as Exhibit 99.1.

Also, the Board of Directors declared a quarterly cash dividend of $.25 per share payable June 15, 2009 to shareholders of record June 3, 2009.