Item 5.02 Appointment of Director

The Registrant announced on June 30, 2009, that on June 24, 2009, retired four star admiral Henry G. "Harry" Ulrich III was engaged to serve in the position of Vice-Chairman of the Registrant's Board of Directors. In a unanimous in-favor vote, the current Board appointed Mr. Ulrich to fill the capacity of Vice-Chairman which brings the total number of board members to five.

Admiral Ulrich graduated from the U.S. Naval academy in 1972 and retired from active duty in 2008. He was appointed as a full admiral in 2005. His last assignment was as Commander US Naval Forces Europe headquartered in Naples Italy. He concurrently served as NATO's Commander Joint Force Naples. Admiral Ulrich's shore assignments to name just a couple included duty on the Joint Chiefs of Staff and the Staff of the Chief of Naval Operations. He was the Director of Surface Warfare in 2001.