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

The Board of Directors of the Company has elected Jesse V. Crews Executive Vice President and Chief Operating Officer commencing on July 29, 2009. Mr. Crews, age 55, has in excess of 30 years experience in the equipment finance business, most recently with Fortress Investment Group as Managing Director and previously with GATX Capital Corporation as President and CEO.

The Company and Mr. Crews have executed an offer letter that provides that Mr. Crews will receive an annual base salary of $350,000. Mr. Crews will be eligible for cash incentive bonuses through his participation in the Company's 2009 Bonus Plan at a target of 50% of his annual base salary, plus an additional discretionary 50% of his annual base salary, as determined by the Compensation Committee based upon the recommendation of the Chief Executive Officer. In addition, Mr. Crews will be granted 10,000 restricted shares of the Company's Common Stock under the Company's 2007 Stock Incentive Plan, which will vest in equal increments over a four-year period.

Item 7.01 Regulation FD Disclosure.

On July 27, 2009, the Company issued a Press Release announcing Mr. Crews' election. A copy of this Press Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements & Exhibits

The Company hereby furnishes the following exhibit pursuant to Item 7.01, "Regulation FD Disclosure".

Exhibit
No. Description

99.1 Press Release dated July 27, 2009

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