Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Edwin L. Buker's employment as Chairman of the Board, President and Chief
Executive Officer terminated as of October 2, 2009. On October 5, 2009, the
Company and Mr. Buker entered into a settlement agreement under which Mr. Buker
is to receive $2,590,000 in full settlement of Mr. Buker's rights to
compensation and benefits. In accordance with his employment agreement, Mr.
Buker resigned as a director upon termination of his employment.
On October 2, 2009, James Wainright, Vice President of Global Operations, was
designated acting President.
On October 7, 2009, the Company issued a press release about the management
changes. A copy of the press release is filed as an exhibit to this Form 8-K and
is hereby incorporated into this Item 5.02 by reference.
Item 9.01 Financial Statements and Exhibits.
The following exhibit is filed with this report:
Exhibit No. Description
99.1 Press Release dated October 7, 2009
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