ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
(a), (d), (e) and (f) Not applicable.
(b) The disclosure provided under Item 5.02(c) below is incorporated herein by reference.
(c) As previously disclosed, effective as of October 7, 2009, John A. Kollins has resigned from his positions as the Company's Chief Executive Officer and member of the Board of Directors. The Company entered into a separation agreement with Mr. Kollins on October 28, 2009, a copy of which is attached hereto as Exhibit 99.1. The effective date of the separation agreement is November 5, 2009. In accordance with Mr. Kollins' separation agreement with the Company, Mr. Kollins will (i) receive a severance payment of $350,000, payable over one year in 26 equal installments, (ii) be reimbursed for premiums paid to continue group health coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, or COBRA, through the earlier of November 4, 2011, or the date on which Mr. Kollins becomes eligible for medical and dental coverage with another employer, and (iii) receive a one-time payment of $20,000 to cover legal fees and/or office expenses. The separation agreement also provides for, among other things, specified ongoing obligations on Mr. Kollins' part relating to maintenance of Company confidential information.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits: Exhibit Number Description 99.1 Separation Agreement between the Company and Mr. Kollins dated as of October 28, 2009.

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