Item 8.01. Other Events

15% Unsecured Promissory Note due April 15, 2011

On July 10, 2009, the Company entered into a Note Purchase Agreement with certain directors and executive officers of the Company and the trustees of the Company's Supplemental Executive Retirement Plan (collectively, the "Purchasers"). Pursuant to the Note Purchase Agreement, the Company issued to the Purchasers unsecured subordinated promissory notes bearing interest at the rate of 15% per annum and maturing on April 15, 2011 in the aggregate principal amount of $5.4 million. The Company may prepay all or any portion of the promissory notes, without penalty, at any time or from time to time prior to the maturity date, subject to borrowing availability thresholds contained in the Company's revolving credit facility. Proceeds of the promissory notes will be used to repay a portion of the remaining balance of the Company's 6¾% Convertible Subordinated Debentures at maturity on July 15, 2009.