This Current Report on Form 8-K discusses changes to the base salary component of the compensation of the officers named below.

The Company has made significant reductions in staffing and operating expenses and is maintaining strict discipline on expense control. In recognition of the extremely difficult business environment, and to lead by example, the President and Chief Executive Officer and the Executive Vice President, Chief Financial Officer voluntarily initiated a proposal to further reduce their base salary compensation. The proposal was accepted on May 11, 2009 by the Employee Benefits and Executive Compensation Committee, effective May 16, 2009, and the following modifications were approved.

                                                Reduction from     May 16, 2009
                                                  2008 Annual        Revised
      Name                    Title               Salary Rate      Salary Rate

Clarence H. Smith   President and                $       93,000    $     372,000
                    Chief Executive Officer

Dennis L. Fink      Executive Vice President,    $       68,000    $     272,000
                    Chief Financial Officer

These salary revisions represent a 20% reduction from their 2008 levels. Initial reductions of approximately 2% to 3% in the base salaries of all Named Executive Officers and the freezing of the salaries of the other officers which comprise the Company's Executive Management Team were made in February.