Item 2.05 Costs Associated with Exit or Disposal Activities.

On May 4, 2009, the Registrant committed to a further cost reduction initiative that consists of an additional workforce reduction that combines both voluntary and involuntary terminations and affects about 5% of its salaried staffing worldwide. The total cash severance charge of this cost reduction initiative is expected to be approximately $1.2 million and will be taken in the second quarter of 2009.