Item 8.01. Other Events.

On January 24, 2008, the Company issued a press release announcing that its Board of Directors approved a stock repurchase program ("Repurchase Program") under which the Company may purchase up to 3,194,000 shares, or ten percent of its outstanding common stock. Repurchases may be made pursuant to Rule 10b5-1 or 10b-18 of the Securities Exchange Act of 1934, as amended. Pursuant to the Repurchase Program, on June 5, 2009, the Company entered into a 10b5-1 repurchase plan ("10b5-1 Plan") with Keefe, Bruyette & Woods, Inc. Pursuant to the 10b5-1 Plan, a maximum of 300,000 shares may be repurchased beginning July 6, 2009 until the 10b5-1 Plan expires on August 3, 2009.