ITEM 2.05. Costs Associated with Exit or Disposal Activities

On June 26, 2009, the Registrant announced a reduction in force of approximately 80 employees to realign and focus its resources on its core competencies and in order to better align its revenues and expenses. The Registrant plans to complete a significant portion of the activities related to this reduction in force by June 30, 2009, with the remainder expected to be completed by the end of 2009. In connection with this reduction in force, the Registrant expects to record pre-tax restructuring charges in the range of $7.0 to $9.0 million during 2009, primarily related to employee severance arrangements. All of the charges are, or will be, cash expenditures.

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