Item 8.01. Other Events.

On July 24, 2009, the Company issued a press release announcing that at a meeting of the Company's Board of Directors held on July 22, 2009, the Board decided that it intends to submit to shareholders binding proposals to amend the Company's Articles of Incorporation at the Company's 2010 Annual Meeting of Shareholders to declassify the Board and to limit the number of directors on the Board to eleven. The Board also determined that in addition to its recent election of an independent chairman it will amend the charter of the Governance Committee to adopt an independent board chairman policy. A copy of the press release is attached hereto as Exhibit 99.1.