Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Gary A. Schnitzer has been appointed Executive Vice President, Business Development, of the Company pursuant to the terms of an employment letter approved by the Compensation Committee of the Board of Directors on June 29, 2009 and filed as an exhibit to this Current Report on Form 8-K. Mr. Schnitzer served as Executive Vice President of the Company until December 31, 2008, when he retired and entered into a consulting agreement with the Company. Mr. Schnitzer will be a regular part-time employee, and his annual salary will be $244,400. Mr. Schnitzer will be eligible to participate in the Company's Annual Incentive Compensation Plan, and his target bonus under this plan for the fiscal year ending August 31, 2009 will be 60% of his salary. The period within which Mr. Schnitzer may exercise any stock options outstanding as of his rehire date has been extended to the earlier of (1) 12 months following the date of Mr. Schnitzer's retirement from employment by the Company following his rehire date and (2) the tenth anniversary of the grant date of the option.